Friday, 13 January 2012
Now France goes down the tubes!
It is becoming hard to understand the current financial crisis engulfing the members of the European Union...you know all those countries who were economically healthy before they joined the 'club'. Today France became yet another country to lose their credit rating which should be a disaster for the country but somehow nobody seems to care.
As country after country collapses financially one wonder what it means? The sums involved in all cases are so astronomical that I wonder how it can happen? These countries all have professional financial advisers presumably paid handsomely to keep their countries out of the red so what has happened?
How can normal families budget to keep themselves solvent but countries like, shall we say, France, Spain, Greece (!), Portugal, Ireland, Italy and yes the UK all owe huge sums of money to an invisible authority who has lent them bewildering amounts of cash? Who has that much money? Come on who has so much money that they can lend these countries trillions of euros? It simply is not possible.
We are all being duped. We are being conned by the politicians and the bankers. Our financial system has been corrupted and I really wonder whether they are playing too close to the wind. I really hope not because the figures are beginning to look fictitious!