"We have not been fixing the banks, we have been feeding them."

"The green bars are debt as percentage of GDP before the bank bail outs and the blue bars are after. These are official Eurostat figures. ...Ireland’s ...debt problem is due to bailing out private banks and their bond holders. Britain’s debt almost doubled [after] bailing out the banks."



A bunch of banks got in trouble due to their own actions.

The elected leadership of these countries, and the US etc..., used the promise of future tax payments from their kids to make things palatable in the present to preserve political and economic control.

As long as most don't know while central banks around the world keep bailing the banks out, there should be worry, until there is.

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