“Austerity” is Code For a Banking Takeover

nationofchange.org by Chris Paulus | Oct. 30, 2012 (Opinion)

The question is, once we understand and openly recognize this truth, what are we going to do about it?

Let’s examine the conditions of the loans aimed at getting countries (like Greece and Spain) out of debt: they want to raise the retirement age, increase the work day and have people work for lower wages, cut funding to education, maintenance and other important public sector areas, cut Social Security, cut pensions, and even privatize the municipal water and electric systems.

But at least the measures are democratic, right? Wrong. These ... Full Story »

Posted by Dwight Rousu

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by Bob Herrschaft - Oct. 30, 2012

...a shot in the right direction

...my main reservation concerns the role of Christine Lagarde, after all, she did stick her neck out in providing the Greek government with the list... and that list(if acted upon) should have helped to close the income gap in that country where the tax burden is now being inflicted on its poorest citizens. As far as the of the world banking institutions goes I believe the author is very close to the mark and the banking systems of the world(in general) need to take a hit for bad ... More »

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4.1

by Randy Morrow - Nov. 1, 2012

Let’s examine the conditions of the loans aimed at getting countries (like Greece and Spain) out of debt: they want to raise the retirement age, increase the work day and ... More »

See Full Review » (11 answers)

4.3

by Dwight Rousu - Oct. 30, 2012

through “austerity,” international bankers and corporations are imposing economic neo-feudalism on us all, by seizing the governmental levers of power and using ... More »

Dwight posted this story.

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