June 2017
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Banks screw us again and again and again

We ordinary taxpayers have lost tens of billions bailing out banks that continue to pay their staff huge salaries and massive bonuses in spite of the fact that many are effectively bankrupt. Now the useless EU has come up with a new way of handing our money to the bankers. The European Central Bank (ECB) will ‘lend’ our money to banks at just 1% interest so the banks can buy Eurozone government bonds paying 5% to 6% interest. This guarantees the banks wonderful profits that we taxpayers will pay for. The bankers will no doubt celebrate by giving even bigger bonuses to their bosses while we taxpayers get screwed again and again and again.

It’s great to be a politician, bureaucrat or banker – it’s not so funny being a taxpayer who has to pay for the luxury lifestyles of the ruling elite of politicians, bureaucrats and bankers.

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