Farage – Western World Collaborated in Giant Ponzi Scheme
March 28, 2012
With European leaders claiming the crisis is now under control, today King World News interviewed MEP Nigel Farage. Farage told KWN that despite European leaders pretending everything is okay, they will have to eat their words in the coming months. But first, here is what Farage had to say about what is currently taking place: “We are heading deeper and deeper into insanity. Even in a country that is outside of the eurozone, take the United Kingdom, our national debt is set to rise by 40% over the next five years.”
Nigel Farage continues:
“What’s happened and we’ve seen it with the ECB, in America and around the Western world, is the central banks have acted in a very concerted manner and have created a whole new, fresh load of money.
We call it quantitative easing in the United Kingdom, others might even call it a giant Ponzi scheme. But we’ve created all of this fresh credit, and for the moment we’ve kicked the can down the road.
So we are just getting deeper and deeper into problems. Leaving our children and grandchildren with loans that could well take decades to finish (paying) off. I fear we are now stoking up the conditions, at some point in the future, for serious inflation….