Should Britain leave the E.U. ???
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Originally Posted by Walkabout
The alternative is what?
Another round of financial crisis is on the way in any case; when we are told the story that we are a rich country it is conveniently forgotten that the whole edifice is based on a mountain of debt.
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You think the financial crisis was the fault of the EU and not a rotten, corrupt and completely unregulated and irresponsible financial industry. You really believe that the UK has been held back by its EU membership rather than an entrenched ruling class and total commitment to the failed economic model of neo-liberalism?
I wonder if you have taken in by the propaganda that we 'maxed out the nations credit card', like so many. This was nothing but a lie to bring in purely ideological attack on public services otherwise known as austerity (not for the rich though, their benefits have not been affected).
Nation States with central banking are built on debt. Money is debt. Government borrows money to spend on infrastructure and state services and gets it back through selling bonds and taxation. When the 08 crash happened the UK had relatively low debt, compared to other successful EU states.
Then Austerity was brought in and our economy has been stagnant since while the deficit (the money paid to service the debt - anyone know to whom it is paid?) has exploded. Thoroughly discredited elsewhere, Osbourne and whoever tell him what to do push it though, probably just out of pure contempt for the likes of you and I, and pretty much everyone else who isn't filthy rich.
Look at the debt of Germany, Japan or the USA, or any other G8 nation and tell me they are in credit. A mountain of national debt means nothing in a strong economy, it's a problem when the debt can't be serviced, because a sluggish economy reduces income from taxation and a tanking economy means high risk bonds thus the government has to sell them cheaper for higher rates of return. When all these things come together you end up with something like Greece, though certainly, it seems there was more to that just that.
On a side note, If we want to talk about power and sovereignty - go read about the history of central banking - especially during the formative years of the US and the Fed. States who can't control their own supply of money for the betterment of society gave up their sovereignty when they handed the supply of money over to the bankers. Lots of talk about the EU being broken but not much on fractional reserve banking and central banking and who our financial system really benefits. Wonder why?
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