Monday, November 22, 2010

Jim Rogers Explodes Bailout Myths

The legendary international investment guru Jim Rogers, who formerly co-owned the Quantum Fund with George Soros has shown up the bailouts for what they are - economic illiteracy and fraud.

There is absolutely no need for the public to assume the debts of big financial institutions and it will only make things worse anyway.

The Euro would be stronger if Ireland was allowed to go into administration. The logoc behind the bailouts is all about banks manipulating the political agenda. The bailouts will kill the Euro and Europe and severely indebt ordinary people who did nothing wrong except be taxpayers.

The debts which will be hung around the Irish people's necks enslaving them for a generation at least and spark another population exodus. This will leave a smaller working population to pay for public services and guarantee pensions for those retiring.

When will people say we've had enough of this daylight robbery? Stop your politicians trying to engraciate themselves with the bankster class and demand that government takes care of the people before the banksters.

Sinn Fein is right. This is economic treason. Our politicians must know that they will be held responsible. It is time for politicians to decide if they are on the side of the people or on the side of the banks.

2 comments:

Mr. Mxyzptlk said...

Alex

Our politicians(right across the political spectrum) have decided...
you not noticed

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