Europe elites complicit in banking theft: Analyst [1]
PressTV
Wed Aug 1, 2012 6:17PM GMT
An economic analyst says Europe is a catastrophe in the making as bankers and politicians hold the power of money creation for the benefit of themselves.
Flags of the EU member states fly outside the European Parliament in Brussels on July 19, 2012.
“They are the elite of bankers and the bribed, complacent politicians, aided by servile academics, who uphold the power of the banks because they think that it will increase their own. They are now nicely in control and are anxious to move things on,” Rodney Shakespeare, professor of Binary Economics, wrote in an article [2].
“They are the elite of bankers and the bribed, complacent politicians, aided by servile academics, who uphold the power of the banks because they think that it will increase their own. They are now nicely in control and are anxious to move things on,” Rodney Shakespeare, professor of Binary Economics, wrote in an article [2].
He went on to say that the European elite believe “money creation must only be for the benefit of the banks” and not for the benefit of the population.
“Thus, faced with an overall unemployment level of 11 percent and over 20 percent for young people, their ‘solution’ is to increase unemployment. Observing that overall debt levels are such (Euro government debt averages over 100 percent of GDP) that the debt has become un-repayable; they say that ‘More Debt is a Good Idea’,” Shakespeare added.
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