Americans and People of the World Slaves to Corrupt Politicians and Banks!
WHERE IS THE 3 TRILLION DOLLARS CORKER AND THE FEDS GAVE FOREIGN BANKS! THE BANKS SAY THEY ARE BROKE, WHO GOT THE MONEY?
The Eurozone has been dealt a fresh blow as Ireland's debt is downgraded to 'junk' status by Moody's credit rating agency, fueling concerns the country could need a second bailout. This comes a week after Portugal's rating was also reduced and follows speculation that Italy too might soon ask for a helping hand. Paul Nuttall, MEP for North-West England has told RT the latest developments prove that single-currency union is sumply not working...
Where is the 3 trillion we gave to foreign banks?
look, its pretty simple in nature but elaborate in procedure. German banks lost almost 700 billion dollars from all its lending deals with Greek, Irish, French and American sub prime mortgages. So, to get the money back, the German government, on behalf of German banks, gives huge sums to the Euro rescue fund. The Rescue Fund bails out Ireland. the Irish government bails out Irish banks. Irish banks pay German bank lenders back.
As the US economy continues to struggle, should the States should look abroad for ideas on how to get out of the hole? Thom Hartman, host of RT's The Big Picture, says that despite a huge tax burden, Germany's economy is thriving. What can America learn from them? Hartman says that, for starters, Reaganomics must at long last be retired and money, no matter where it comes from, needs to be spent.
