The recent $115 billion bailout of Ireland demonstrates how desperate the world is. The European Union, including England, says, “We don’t want the crisis to spread.” They say, “If Ireland falls, then Portugal, Italy and Spain will be joining Greece.” They say, “If the European Union fails, England and the US will fail because the EU is the biggest trading partner of England and the US.”
When we the people, the voters, hear this, we happily agree to a $115 billion bailout of Ireland. Without financial education, the average person doesn’t ask, “Where did the $115 billion come from?” The answer is, “The banks printed it.” Nor does the average voter ask, “Who is going to pay the 6 percent interest on the $115 billion?” The answer is, “The Irish taxpayer.” Nor does the average person ask, “And who receives the interest on the $115 billion?” The answer is, “The bankers and those that own the banks.”
Again, this is one reason why there is no financial education in our schools. How else can the ultra rich put their hands in our pockets and steal our wealth besides having us be ignorant of what they’re doing? It’s via our fear of not having enough money, and being poor and destitute, that we blindly allow the ultra rich to steal from us by controlling the money system.
When our political leaders in the US say, “The recession is over,” I wonder what they’re smoking. I wonder who is paying them off. Just because consumers are back shopping for the holiday season, doesn’t mean that we are out of the woods.
When I listen to voters, lathered up and frothing at the mouth about who will win the next election, I feel for them. I know they hope for a new Messiah. Do voters really think that new political leaders can save them from the corruption of the world banking system?
Voters should ask better questions: “What if our politicians cannot save the world? What if they screw up? What are we the people going to do? What if we do slide into a global depression or global hyperinflation? Is there really a new Messiah who can save us? Should we do as President Obama suggests and count on the ‘Audacity of Hope?’”
My rich dad often said, “Hope is for the hopeless.” I’m afraid that the financial situation is hopeless for millions of people, especially if they hope their elected officials will save them.
