Wednesday, January 18, 2012

Hungary To Choose

Hungary has a choice: debt slavery or economic self-determiniation

A few years ago, Iceland told the bankers to get lost. Iceland had a sharp period of economic turmoil which rapidly became a vibrant recovery. Iceland is recovering without burdening citizens with the bankers' bad gambles.
Ireland recently chose to bail out the banker's bad gambles by putting those debts on the citizens. Ireland is muddling along, weighed down by unpayable debt.

Hungary must now choose to burden citizens with the banker's bad gambles, or to choose a path of economic self-determination. Will Hungary choose sovereignty (ruin for banksters) or slavery (slavery to the banksters)?

Hungary faces ruin as EU loses patience
"Governments must refrain from seeking to influence their central bank," said EU economics commissioner Olli Rehn. "Certain provisions in the new constitution are in breach of these principles. This needs to be addressed before we can start formal negotiations on the requested EU/IMF financial system."

Why would the people, through their duly elected government, not regulate the central bank? Who in their right mind would give the banksters unchecked powers to manipulate the money?

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