They temp you; they fool you; then the EU vampire sucks each drop of blood and wealth in your nation. If you are lucky and not dead when they are done with you; you will remain in debt bondage and poverty slave for centuries.

People must wonder, not the businesses, not the bankers, and not the politicians, can they really gain from joining the EU. “We must sacrifice for our country and our future generations” that is what they tell your politicians to tell the people to accept “austerity”. They want the people to pay for the debts of fraudulent local businesses; greedy banks; and EU agents. These debts are now considered sovereign debts. Why the billions are now considered national debts if some foreign thieves gave few bucks to local conmen and senseless entrepreneurs? The EU forces the governments to pay back EU bankers; but governments have no body to squeeze other than the people and national assets. Electricity; water; factories; airlines; or anything will go to foreign banksters. This is free market and the price you have to pay to clear your debts; be civilized; and join the rich democratic EU!

Join the European Union; be part of the civilized rich Europe and the West; and Easy loans are actually weapons of mass destruction and very marketable imperial expensive products. Getting any rubbish business plan is the only requirement; of course with some nativity and stupidity. They come to you and give you free advice if you don’t have some extra cash; or they can write it in your debt books as consultancy fees. The marvelous outcome is that “Hurray!!! You are eligible for loans from our banks; don’t worry about collaterals or securities, we just want to help you to become rich and civilized like us in the EU” that is what they told hundreds; but they never tell the people that they are screwed.
Why would banks potentially destroy themselves with such bad loan?

Bad loans are actually toxic loans because they are poisonous. It is a calculated gamble and a secure one with the definite support from the governments of creditors, namely: Germany; UK; and France.

I stated many questions about the initial silence and roles of these governments and their controlled EU institutions. Banks are too big to fail because governments defend them.

Banks and financiers cannot be incompetent, have maladministration, or short-sighted. The same scenario was tried in the US in several bubbles; and who lost? The banks didn’t but the foolish and greedy customers did.

Defaulting countries are now under exploitative control; it also happened in the past many times and in many countries.

Take Egypt for example; it was forced to sell Suez Canal to pay back small debt for a greedy foreign ruler “Pasha” who Britain and France deceived him and made him believe that he is Ismail “the Magnificent”; and he can Europeanize Egypt because he is so great and visionary.

Before him, his brother Saaid pasha was much under French influence, and in 1854 was induced to grant to the French engineer Ferdinand de Lesseps a concession for the construction of the Suez Canal.

To the British, Said also made concessions to the Eastern Telegraph Company, and another in 1854 allowing the establishment of the Bank of Egypt. He also began the national debt by borrowing £3,293,000 from Messrs Fruhling & Gbschen, the actual amount received by the pasha being £2,640,000.

Egypt financed and built the Canal and produced cotton; then what? They were forced to sell them for peanuts; or a song.

Britain and France in November 1879 re-established the Dual Control in the persons of Major Baring and Monsieur de Blignières. For two years the Dual Control governed Egypt, and initiated the work of progress that Britain was to continue alone. The financiers and their governments tools were the winners and the common people were the losers.

Blame Greedy Poor and Not Rich Banks
The core of the problem was most likely irresponsible lending by banks. A credit bubble was created through banks’ lending out money to individuals and businesses to acquire assets that proved to be worth less than the amount of the loans. This was especially true in the real estate sector – something we also saw happening in the United States.

What is called “irresponsible lending by banks” is actually a deliberate act of sabotage for the sovereignty of specifically targeted some European states.

It is a replay of the tragic comedy “The Merchant of Venice”. Cutting a iuſt pound of his fleſh
But can the money lenders take their loot without dropping blood?

These debts were made with evil intentions and they must be either written off or rescheduled by the people without additional usury.
http://tariganter.wordpress.com/2011/11/18/eu-and-banks-are-weapons-of-mass-slavery/

Now, if we decide to adopt a more socialistic posture then we should be willing to pay the necessary taxes to allow free rides. If not, then not. That’s also pretty simple.

Almost everyone knows how to do this. Why does it become so darned fuzzy wuzzy when at the national level? There’s no excuse for that. Cities HAVE TO do it. States probably HAVE TO do it, whether they do or not. etc. etc.

Well, I know the answer to why: We act like a bunch of rich children for whom the pot just doesn’t seem to have a bottom. We are used to asking for whatever we want and getting it. Ooops! Dad lost his job and his inheritance is gone. Now what?

Ask the man on the street these questions:
“Is there a difference between the deficit and the debt or aren’t they the same thing?”
“Can we have a deficit while not increasing the debt?”
“If they’re the same thing then why does the debt keep going up even when the deficit stays the same?”
“Does it matter?”
“Why?”
“What happens if the debt continues to increase in economic terms?”

You may also have noted that the rating firm Morningstar is being sued by a group of retail investors who lost all their money when a hedge fund given five-stars by Morningstar turned out to be a Ponzi scheme. If the press reports are accurate, Morningstar’s defense is that its hedge fund ratings state that they are based on self-reported data by the hedge funds themselves, which Morningstar makes no efforts to verify. I’m not sure where to start on that one.