Etienne Chouard evokes among other article 104 of the Maastricht Treaty became Article 123 of the Treaty of Lisbon, which stipulate that States have no right to borrow from their central bank. This leads at the highest level of law is impossible for states to create their currencies and forcing them to borrow from private banks through high interest rates, which is ruining us ... and that in France today the state is forced to spend over 40 billion euros every year just to pay interest on the debt, itself generated by this system.
a time when we are talking about pensions we could by them more pay or public spending cuts inevitable ... Worth seeing.
Henry Ford said last century in this regard: "It's a pretty good thing that most people of this nation do not understand our banking and monetary system, for if it was case, I think there would be a revolution before tomorrow morning. "
Source:
Blog of Stephen Chouard:
Book:
public debt, a profitable business: Who benefits from the system?
Presentation Editor
"We must reduce the debt!". We Cree to bankruptcy! Like a father who urges his children to go clean their rooms, our government tells us: "Enough of this mess! It is time to get serious, put your social pretensions to the drawer, the time is at work and savings ". What they do not say is that there are some forty years, the French state was not in debt, like most other nations, too. In less than forty years we have accumulated a huge debt of around 1.2 trillion euros! Why? Has there been something that has meant that we suddenly have to resort to borrowing, whereas before it was sufficient in ourselves? And if that is the case, who really benefits? That issues the currency? Jacques Andre-Philippe Derudder Holbecq and tell us the real reasons for the debt and denounce the destructive mechanisms carefully concealed. Extension of the "economic thing," their goal is to enable people to "know" so they do not let themselves be impressed by the scarecrows which was stirred under their noses. In order to understand above all that we have everything to meet the immense human and ecological challenge of our time and money and debt that are "true-false" problems.
Author Biography
Holbecq Andre-Jacques, "economist citizen", is very involved in the global justice movement for many years.
Derudder Philippe, his experience as an entrepreneur led him to question the contradictions of the system. He resigned then and since then sharing the fruits of his research and experiences in his books, lectures and workshops.
Chouard Stephen was a key architect, through his blog, the awareness that led to the NO to the EU Constitutional Treaty in 2005.
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