In Europe the national financial institutions were told “everything will be fine, we will take care of you” well this is how it works; The IMF will bail your country out, all you have to do is allow a majority of your national bank to be taken away.
To make it easy to understand how I believe the world is going, I wanted to write a few words about the Irish economic bailout proposed by the IMF.
The same thing that happened in the USA is now happening in Europe; Laws are passed to ensure that financial institutions are able to lend and spend money as they see fit, in the USA it were the famous “non-doc” mortgages that broke the mortgage market and forced millions out of their homes.
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