Tuesday, November 23, 2010

Chancellor's crass statement show's Britian's helplessness and hopelessness.

To believe that offering around seven billion pounds to a bankrupt neighbour, partly in debt to your own banks for amounts possibly over a hundred billion, will somehow save your own banks from shortly having to eventually seek similar loans from other debtor neighbours is fantasy in the extreme.

In a short televised clip on Sky News last evening,(where a sharp and well informed young man called Hills illustrated what a pawn of the establishment Jeff Randall has become since being employed by that broadcaster) George Osborne, Chancellor of the Exchequer, made just such a claim in a brief interview clip. He had earlier not been so frank in Parliament, flanked by his bosses Cameron and Clegg, where he had laid the blame at the door of national necessity before a House of Commons full of supine MPs few able to discern the complete absurdity this statement makes of their own positions and Osborne's recent budget of supposed austerity cuts.

The banks are calling all the tunes but the banks cannot be saved as is now being seen quite clearly in Ireland where EU leaders may in future come to be typified by Brian Cowan on the video at this link.

The IMF lacks the funding and the ECB will soon be seen to be committed way beyond its means, that is what Britain's leaders should be preparing for, not throwing more good money (what that?) after bad!



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