John Rubino – Debt Jubilee for the Bankers – Austerity for Us
SilverDoctors.com
March 12, 2015
Austria’s Hypo Bank was recently declared to be a zombie bank.
The government of Austria had previously bailed out, read tax payers money, Hypo bank, but the bank management thought they could beat the bookie and then pay off their debt if they could get one roll of the dice to fall in their favor.
The dice had other plans and the gamble has not worked in Hypo’s favor.
The problem with Hypo is they have all these government bonds on their books.
The bonds are tied to the CDS (Credit Default Swaps) and now we, the world that is, are waiting to see if we are heading over the cliff or if the bankster mafia members are going to be able to work their magic and make the CDS’s go away.
The only way the banksters were able to make the previous CDS crisis go away was to sacrifice Lehman Brothers and steal trillions of dollars from the American tax payer.
We will never be able to pay this debt. Ever. Debt jubilee, anyone?
It seems we are sitting on the precipice of another global crisis.
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