Monday, February 14, 2011

Taxpayers 'subsidising banks by £30bn a year

- Telegraph

And this a mere conservative estimate! I would say that the tax payers across the globe are subsidizing the banks in the range of trillions of dollars. Plus, when you take into consideration the rate of price inflation and steep rise in unemployment and other social ill effects of the banks bailouts, it is absolutely impossible to quantify the cost that the big banks have incurred over the citizenry of the world! Ending the institution of central banking is the only and the sole solution for a return to a sounder world; that's the bottom line!

No comments: