Europe’s taxpayers get screwed again

It all sounds pretty innocuous – the European Central Bank (ECB) is going to start buying Spanish and Italian government bonds. But don’t be fooled – once again we’re being fleeced by our greedy, incompetent politicians. The bonds the ECB is buying from the PIIGS (Portugal, Italy, Ireland, Greece and Spain) are worthless garbage. These countries are all bankrupt. The bonds the ECB is ‘buying’ with our money will never be repaid. So what we are really seeing is a massive embezzlement of our money by the political class and its transfer to the corrupt, lazy, bankrupt PIIGS.

The politicial class are terrified that their great dream of a centrally controlled EUSSR will fall apart if any country leaves the euro. So these self-serving, lying political midgets are prepared to use as much of our money as they can steal to protect their own political careers. Never in the field of human history has so much money been wasted by so few for so little benefit.