Tag Archives: Global Debt

Is it me, or are the Banks laughing at us?

Mark Carney’s statement last week on how the banks, having taken all our tax money, are now going after our savings, (see previous blog http://www.globalmagnacarta.org/2014/banks-are-readying-to-screw-us-again-mark-carney-shows-how/#more-287 ) has been followed up this week by the IMF, whose Managing Director Christine Lagarde, stated that a diet of high debt, low growth and unemployment may yet become “the new normal in Europe”.

Are you telling us that the banks future plans for life on Planet Earth (because you bet it won’t be restricted to Europe), would take the shape of the population being held in penury indefinitely, in order to pay your organisations for the money we use (the interest) and which you print out of thin air? Come on lovely Christine . . . you’re having a laugh!!

Mr Carney’s message can only mean that processes are now being put into place to use this money again to bail out collapsed banks, because you think, or know, it’s going to happen again. Sadly, I and many others are sure you are right, given the current financial climate.

Let’s just take one example that is close to home, The Royal Bank of Scotland. Continue reading