Austerity Insanity: Opinion
VANCOUVER, Canada ( Bullion Bulls Canada) -- When Greece's traitor government inflicted "austerity" on its people, I stated the obvious: Savage and senseless budget slashing of money being spent on people would make its deficit worse, not better, and lead to the total collapse of the economy. That is exactly what happened.
When the U.K. began its pseudo-austerity, where it slashed spending on people while continuing to print lots of new "money" for its criminal bankers, I predicted that its deficits would get worse, not better, and eventually destroy its economy too.
The deficits have gotten worse, as this
The only difference between Greece and the U.K. is that while interest rates on Greek debt were manipulated higher by the Anglo banking cabal, they have been artificially suppressed in the U.K. by (secretly) buying up all government bonds in order to maintain these fraudulent rates.The same thing is taking place in the U.S., as I wrote at
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