‘Ponzi Austerity is a banking fraud quite popular with the banker occupied governments of Europe though not with the people. Americans are silent but unwilling participants who were volunteered for a campaign of human sacrifice by Ben Bernanke and the Federal Reserve which created tens of trillions of dollars in swaps to bailout banks all over the world.
This is how the scheme works. Last week Spain got a 100 billion euro ($126 billion) bailout for its banks. Italy was already 2 trillion dollars in debt. Its share of the Spanish bailout was 20 billion euros. Italy agreed to pay almost 7% interest on that loan and even more in the future on loans. The Italians will be paid 3% on their investment in Spanish bonds. In Bernie Madoff’s Ponzi scheme older investors were paid by new investors. The Italians were volunteered by their appointed Prime Minister Mario Monti who is a Bilderberger and a former Goldman Sachs VP to cut their pay and pensions and to pay more taxes so they can pay for Spain’s Austerity which was just transferred to them.’