Monday, August 8, 2011

Brace up for more fleecing

The largest heist in history continues

It's just a polite reminder. The financial crisis continues according to its design. As a taxpayer, brace up for more fleecing by the financial institution. They really need you money.

Posted by ant @ 10:42 AM (1361 views)
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3 thoughts on “Brace up for more fleecing

  • “It is intriguing that banks in traditional offshore financial centres like Belize, US Virgin Islands, Bermuda, do not appear to suffer from liquidity problems. They do not require rescue packages even though a lot of them are subsidiaries of much larger banks which are affected by the current crisis.”

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  • Well obviously — derr! These places have specialist legal and penal systems that make banking such an attractive occupation. Flee clauses just in case someone gets wind that authorities in other countries may want to steal some of their money, and the penalty of imprisonment if you, as an employee in these sterling places, tell someone else about what’s going on.

    Much time and effort has gone into setting these economic areas up in just the right way. Obviously we can’t let places like the UK do this.

    WAIT! News just in! This is going on in London, too! OMG, we’re all doomed!

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  • It’s about time the masses started to protest against the fleecing of average non-investing taxpayers. It can’t be right that a high interest paying Greek/Italian bond is 100% secure. Some bond holders must suffer some sort of loss for investing in junk products or at the very least have their payouts capped once governments have intervened.

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