Greece, Portugal, Italy and Other EU Nations Should and Will Eventually Drop Off the Euro
By Guido George Lombardi
Christine Madeleine Odette Lagarde is the managing director of the IMF International Monetary Fund) since July 2011. In a short recent interview with Maria Bartiromo on CNBC she tried to explain why the Greeks should, in effect, sell their nation to the Germans and to the IMF.
On a parallel note, some hedge funds in the US and elsewhere are planning to sue Greece for failing to repay some of its debt. Sorry, but to me that is a clear and simple example of financial dictatorship. I do not approve of the Greek political past, nor its present leadership (they are no Leonidas for sure), I believe their socialist agenda got them in this kind of trouble for sure, but I think every red-blooded American believes that this is no reason to sell one’s soul to the devilish financial institutions that, very wrongly and probably unethically, did loan them the money.
Just like here at home, if Mr. Smith, Mrs. Brown or Mr. Gonzales cannot pay the mortgage that was so easily given to them a few years back by greedy and sometime criminally negligent (toward their own shareholders) banks. Those people should probably loose their home, as it is happening, but the banks should have absolutely no further recourse against the poor souls who were duped into a fantasy by irresponsible bank and mortgage salesmen.
Now Germany’s Prime Minister Angela Merkel is suggesting some kind of quid pro quo whereby Germany would play a major role in a proposed eurobank recapitalization programme, in return for which, Greece, Portugal and may be Italian Banks would take a serious cut and give up their financial independence.
Are we becoming slaves of the financial institutions that gamble with our money ?
Are we rolling over and play dead when Chinese, German and other banks come asking for money that they loaned us so easily? No my friends, we should not. Let’s have Judges and Justice departments all over the globe check in the cloudy and murky waters of the hedge funds. Lets demand from our politicians, left and right, to return to the kind of legislation that did NOT allow banks to gamble, but to simply keep our deposits in TRUST, secure and safe. It is our hard-earned money, for God’s sake! And so should Italy, Greece, France and other European political leaders say stop to both German and all other financial institutions, local and international, who try to squeeze blood from an already way too taxed and enslaved population.
Guido George Lombardi is an international political & business consultant, specializing in Italy, the United States, and Israel. His most recent book The Value Matrix 2.0 (released Feb. 2011) has garnered high praise from the likes of Donald J. Trump and Daniel Abraham. Mr. Lombardi is currently available to speak to universities, community groups, strategic studies groups, and business conferences throughout the United States. For media inquiries please visit https://guidolombardi.org/contact/
Guido George Lombardi
President North Atlantic League