http://www.youtube.com/watch?v=stagNUSgN3U This one is entitled Debtmocracy for Greece.For a more laughs see http://deekjackson.com/ Too some,Deek is a bit obscene,but what could be more obscene than sending young men to die for the profit of old elitist war mongerers

So ...... it's all the banks fault, Arjay ? Particularly the German banks ? They lend huge amounts to the Greek Treasury for years, and have no hope of getting back more than a few cents on the Euro, and somehow they are winners ? Devious b@stards !

Meanwhile the 'borrowed' funds have been spent on what ? easy pensions ? salaries for work-less bureaucrats ? to make up for the income tax foregone ? to build more swimming-pools for tax-avoiders ? And the Greeks want more of it, to keep them in the style of life to which they have become accustomed ?

But it's all somebody else's fault, in this case, foreign banks. Okay.

Do you think they will ever do that again ?

the majority of new loans...
is only paying income..to those propping up the industry bailout

the banks...lend
to bailout other bankers

one third of the usa tax take
goes into intrest repayments alone

so greece got bailed out..[to pay off another loan
that went directly to in the main german/french bankers

so the germans govt issues a intrest bearing bond
from the bank..to repay previous loans from the bank
increasing its own debt burden..[well over one trillion]
increasing its own debt burdens..to the same banks

its to clever by half
but in the end ..ya intrest increases
till even you..the big fish...will surely fall

we see these things develop..
tax cut..bailouts fo..the too big to fails
as the rich get richer..and the poor pay off their debt's

http://www.blacklistednews.com/Shocking_Charts_And_Statistics_That_Prove_That_America_Is_No_Longer_A_Wealthy_Nation/16922/0/38/38/Y/M.html

loudmouth the banks create this money with the click of a computer mouse.It is not their micky mouse money.Money created from nothing represents the toil of the people.The banks are stealing by creating inflation (ie counterfeiting) and giving it back as debt.It is theft 3 times.

Political Satire.....now one must be very careful:)..cause we wouldn't want anyone outside of Parliament giving better idea's than them:)....perish the thought:).....hey! You just might fit the job....you never know,,,,,.You just might be what the world is looking for?

I say, if you have the cods, go for it, or have a little fun when they make a meal of it...lol...its only Australian you know.

All the best to your families.

CACTUS

Arjay, ....... um ........ how can I put this ? The banks do not control the Mint. They don't print money. The banks lend out what is deposited (less some statutory minimum required deposit) and lend it out again when it is deposited again, yes - that's called the credit multiplier. But they do not create money that isn't already there, or in circulation. Sure, if you can push that statutory minimum down, you can kick up the multiplier, and put more funds into circulation that way, but that's not creating money.

After all, if people deposit funds at a bank, would you expect it to simply sit on them, to throw them in the air like like Scrooge McDuck ? Or lend it back out, for home loans, or whatever ? Which might get re-deposited with another bank, to be lent out, etc. That's what banking is supposed to be about, lending out a large fraction of deposits, and around and around it goes.

Can it go all pear-shaped ? Certainly. But how would banks come out winners in that situation ? Or am I just too old-fashioned and naive ?