The crisis in The Netherlands deepens and I already reported on again a bank that was bailed out by the Dutch people as taxpayers that now says I can not repay this loan. The bank says this after almost 4 years not paying the interest on the loan?!. And now the war on the deficit is bulldozing the Dutch country and its people by austerity measures taken by the government that are not helping but deepening the crisis. The crux is if there is no money (and it can not be printed anymore) we, “the people”, should pay for it by taxes and other measures and cuts and also pay the blank cheques for banks, institutions and other countries in trouble as they do not go bankrupt or even pay it themselves. I hear them say joking with each other: “We have to let someone pay for the debt ain’t it and that someone are you the stupid idiots that vote for us and give the money to those who have been responsible and liable for the debts”. Oh stupid us I say.
The hypocrisy and arrogance of the bankers and the ones thinking to be in charge see us like sheep as we still act also like sheep. For example our own Dutch ex-minister of finance mister Gerrit Zalm (see picture above) was responsible as financial director for DSB Bank that helped costumers towards “affordable” mortgages in situations that (as also other banks did practice this) people could never pay back their mortgages in full in their financial situation. Continue reading →