Every Family in Britain Will Have To Pay £300 To Bail Out The Irish!
- All these bailouts are really stealing from Mr Joe Public and giving it to banksters. It will not help the Irish people at all. Of course, this is sold by the Illuminist owned MSM as helping the Irish public. This is BS. Companies go bankrupt throughout history. Banks have also gone bankrupt before. Let them all go bankrupt. The propaganda that: it is the end of the world should banks fail is sold by the complicit MSM. Yes, there will be hardship. But there will be a faster recovery. This bailout path will lead to sovereign bankruptcies and a bigger collapse! You cannot solve a debt problem with even more debts(bailouts). The sheeple are being ‘raped’ by the Illuminati!
Every family in Britain will have to pay £300 to bail out the Irish
Bailing out the ailing Irish economy to the tune of billions is in Britain’s ‘national interest’, George Osborne insisted today. The Chancellor described Ireland as a ‘friend in need’ as he defended plans to pay more than £7billion into an international bailout worth up to £85billion.
British taxpayers will be landed with an increase in the colossal debt burden – already £952billion – at a time of desperate cost cutting. They will be stung three times because Ireland will receive funds from the European Union, the International Monetary Fund and direct loans from Britain.
The £7.5billion liability for British taxpayers is the equivalent of £288 for every household in the UK. If Ireland were to default on its debts, losses of around £5billion on toxic bank debts held by Royal Bank of Scotland and Lloyds Banking Group would push the liability to British taxpayers up to £12.5billion – though the bailout should prevent that happening.
Critics argue Britain should not be involved in propping up a currency it does not support. ohn Mann, a Labour member of the House of Commons Treasury Select Committee, called for MPs to be given a vote on the Irish bailout.
‘What George Osborne has chosen to do is use money from the average taxpayer to bail out the bankers – including British bankers – yet again,’ said Mr Mann. But Mr Osborne said today: ‘”I told you so” is not much of an economic policy.’
He told the BBC: ‘What we have committed to do is to be partners, as shareholders in the International Monetary Fund, in an international rescue of the Irish economy.
‘But we have also made a commitment to consider a bi-lateral loan that reflects the fact we are not part of the euro and don’t want to be part of the euro. ‘Ireland is our very closest economic neighbour. I judged it to be in our national interest to be part of the international efforts to help the Irish.’ However, he did stress that Britain does not want ‘to be part of a permanent bail-out mechanism for the euro’.
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Portugal Default Risk Rises After Irish Rescue on Concern Over Debt Levels!
- This is simply conquest of countries by the Illuminati via fraudulent finance. The MSM is their enabler, selling the ‘news’ necessary for the attack on the PIIGS. I believe the Illuminati is particularly happy with the conquest of Ireland. The Irish are fiercely independent and did not want to be part of the EU. (See: 2008 Ireland rejects EU reform treaty). However, they are now sold to the ECB/EU by their politician snakes!
Portugal Default Risk Rises After Irish Rescue on Concern Over Debt Levels
The cost of insuring against losses on Portuguese government bonds climbed the most in almost two months as traders look past the bailout of Ireland to which country will be next to require assistance.
Credit-default swaps tied to Portuguese debt jumped 29.5 basis points to a one-week high of 447 basis points, the biggest increase since Sept. 27, according to data provider CMA. The contracts, which reached a record close of 478 basis points on Nov. 11, have widened about 148 basis points in the past month.
The cost of Irish swaps rose following an earlier decline as the government applied for a bailout to help fund itself and save its banks, following Greece in seeking a rescue from the European Union and the International Monetary Fund. Investors are now asking themselves “who’s next? Italy, Spain or Portugal,” Bill Blain, a strategist at Matrix Corporate Capital LLP in London, wrote in a client note.
“There is just too much skepticism about the prospects for the euro,” he wrote. “Too many of the rough edges and inconsistencies that lie at the heart of the European single currency have been exposed.”
Credit-default swaps on Ireland climbed 1 basis point to 508 after earlier falling 28.5 basis points to the lowest level since Oct. 29, while contracts on Greece climbed 36 basis points to 1,004 basis points, CMA prices show. Italy increased 4 basis points to 185.5, and Spain was up 7 at 267.
Ireland will channel some of the money from the EU and IMF to lenders through a “contingent” capital fund, Irish Finance Minister Brian Lenihan told reporters yesterday. The rest of the package, which Goldman Sachs Group Inc. estimates may total 95 billion euros ($130 billion), will help Ireland avoid selling bonds.
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London Mayor Warns George Bush He Might Face Arrest As A War Criminal !
- Yes, we should put George W. Bush (Skull and Bones, Illuminati) behind bars! See also:
Prosecution of George W. Bush for Murder! Professor of Law Francis A. Boyle: Arrest Warrants Requested for War Criminals of Bush Administration!
rgds
About
Societal and economics observer and commentator with an endtimes, future history perspective. Follow me at Twitter: socioecohistory
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