European debt and the banking cartel

European debt and the banking cartel

How are governments issuing debt? By asking a group of primary dealers for money. These dealers always have enough, because they can ask the Federal Reserve System for money. This private institution creates it from nothing.
But nevertheless, governments have to pay interest, which can become too high if the primary dealers are setting it too high. Then those governments have to "calm down the markets" and ask the International Monetary Fund for money. This institution lends it, but only when the government is cutting social welfare and is selling its resources to investors.
And there you have the european debt crisis. It equals colonialism. But in a more subtle way.

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