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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!

Video Details

Duration: 3 minutes and 12 seconds
Country: Belgium
Language: English
Views: 722
Posted by: on May 13, 2011
• European Parliament, Strasbourg, 11 May 2011

• Speaker: Godfrey Bloom MEP, UKIP (Yorkshire & North Lincolnshire), Europe of Freedom and Democracy (EFD) group.

• Debate: Council and Commission statements - Developments in the ongoing debt crisis and the EU

• Blue Card question by Robert Goebbels (Luxembourg) S&D Group (Socialists and Democrats)

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