Debt Crisis was Created by Politicians and Central Bankers - Godfrey Bloom MEP
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For the FD group (Freedom & Democracy) mr. Bloom 2 minutes.
Well...
I am a baby boomer, I was born just after the war.
We've had probably...
We have probably had the longest period of peace and prosperity... globally.
I would say, from that time,
I 've put a little modest money away so I can hand something down to my family when I pass on...
Largely because I 've never spent more money then I 've earned
and I have been prudent
and I 've worked moderately hard.
Now it always seems to me as a complete surprise to politicians
how countries get in debt.
Let me explain, because I dont think you realy understand it.
It 'cause politicians consistently spend
more money than they raise in taxation.
More money than the can possibly raise in taxation
most of which in point of fact they actually waste.
The reason we are talking about countries which are broke
and they are broke
is because their ridiculous,
ineffective, ignorant politicians
consistently spend more money then they can raise
and then they borrow
and they borrow and worse
they then print money, because
politicians and their central banks have a machine which prints money.
You do that as a private citizen
and it is a criminal offence.
You would go to prison for doing that.
And politicians and their central banks do it all the time.
Let me explain to you that these countries are broke
and they are broke because of their own stupid leadership and politicians
and its immoral,
immoral
to ask ordinary taxpayers of any country
To pick up the turd for failed politicians and failed banks.
They are defaulted
they are broke
for god's sake lets all of us admit it!
Mister Bloom, yes... well...
thank you very much.
Mister Goebbles is brandishing his look at.
You have said the question...
Mister Goebbles ... 30 seconds
President, I would like to know
if mister bloom knows
that Spain is less in debt then the UK
that Ireland was under 60% before the banking crisis
and that Ireland going to debt to save its banks
saved the money of the British banks.
Absolutely right, absolutely right!
I wasn't suggesting that my politicians were less stupid
then anybody else's.
Its absolute disgrace and it wasn't even debated in our national parliament
to actually rescue these bust banks.
If you want to invest into bust banks, do so with your own money,
not money from my old age pensioners from Yorkshire
on 98 quid a weak, you scoundrels!