Tuesday, November 30, 2010
French Govt Seizes 36 billion Euros of Pension Fund Money to Give to Banks.
Hungary discovered by passing "pension reform legislation" they could appropriate monies put aside for pensions. They could then use this money for other purposes such as paying back the international banks. Unfortunately this meant no funds to pay pensioners. Ireland and France were quick to follow.
The move reflects a willingness by governments to use long-term assets to fill short-term deficits, including Ireland’s announcement last week that it would use the country’s €24bn National Pensions Reserve Fund “to support the exchequer’s funding programme” and Hungary’s bid to claw $15bn of private pension funds back to the state system.
Finally the European people are getting sick of the greedy banks and corrupt politicians and are doing something about it.
The international bankster machine seeking to colonize Western nations through debt is now meeting resistance from Greece, to France, to Ireland, to Italy, to Spain, to Portugal, and to the U.K.
These new protests in Ireland and Italy follow a crippling 2-week strike in France where citizens took over fuel refineries and other vital infrastructure, more strikes in Greece which took over the Acropolis, and a massive student protest in the UK that caused physical damage to government buildings. All of these protests were sparked by governments reducing benefits or increasing fees and taxes on a population that had little to do with the private gambling of banks.
These European protests are intensifying as the international bankers move to collect their "pound of flesh" through austerity and sale of public assets. As Europeans are becoming acutely aware of the dubious plan to loot them and the anger at their corrupt elected officials for bowing to banks has reached a boiling point. In all cases the governments are enforcing austerity measures on the people after the private banks over-leveraged themselves to the breaking point, threatening to bring down entire nations.'
Read more: Citizens of Europe Rage Against the Machine
I wonder how long Australia can go on before legislation is introduced into parliament to give the government the right to access superannuation funds to pay back our huge debt to the international banksters?