The Consequences of Bailing out Greece

The United States has committed $Billions of taxpayer money to bailing out Greece. The U.S. is one of the largest contributors to the IMF (International Monetary Fund) which is making the loans to Greece. Further, the Federal Reserve has opened a credit swap scheme with European Central Banks to further loot the American treasury.

So, where does all that money come from? The FED prints it; creating more inflation, devaluing the dollar even more, resulting in higher taxes for all Americans.

If the problem in Greece is DEBT, how in the world can we expect to correct a debt problem by creating MORE DEBT? Anybody that has tried using one credit card to pay the other credit card has probably also experienced the downward spiral of simply transferring debt from one account to the other while their total indebtedness continues to rise, interest continues to rise, and eventually they are using their credit card to pay for living essentials just to get by. While that may work for some, most people end up with a debt crisis much larger that leads to bankruptcy.

How is what the IMF is doing in Greece any different?

For those who understand the true nature of the IMF and how they have done this sort of thing in the past, we know the outcome of this latest bailout. It’s just another incremental step in the move towards global governance and nothing short of yet another financial takeover by International banks of the resources of a sovereign nation.

Filed under Economy, Federal Reserve, New World Order, Taxes by  #