Is The UK Loan To Ireland Writing On The Wall Or Just Graffiti?

Written by Diane Cossie on Dec 4, 2010 6:58 am

If you are looking at the news headlines in the last week or so you will see that the UK Government have agreed in principle to a £7 billion pound loan to Ireland. On the face of it we are being told that this is part of a financial rescue package being put together and that when Ireland recover and pay us back we will profit from the deal. Hmmm .. sounds familiar somehow.

If you are not aware yet of the conspiracy that is going on against your money, over the next few months you certainly will be. The current problem faced by Ireland is far more common and far more widespread than most people realise.

In 1971 President Richard Nixon, without the approval of Congress took the U.S Dollar off the gold standard and changed the rules of money, not just for the United States but for the whole world. The economic boom of the last decade or more has been false and with debts in most countries rising into the Trillions against shrinking GDP’s to say the economic world is in crisis would be an understatement.

The question you need to ask yourself about these kinds of headlines is what lies beneath them?

If you have read anything by Robert Kiyosaki in recent years you will know that his message has not faltered and his passion for raising your financial IQ is one I definitely share.

Thanks to President Nixon’s change in the rules of money, inflation took off. As more and more money was printed each decade the value of the dollar decreased and the prices of goods and assets went up. Home prices in particular kept rising and rising. Credit cards came in the mail by the dozen and buying goods on the buy now pay later basis became “what everybody did” and as the home prices kept rising, more and more people used the equity in their homes to pay off their credit card debt and begin the cycle over again.

What people did not see was the dire consequences of a system that lending and borrowing at ever increasing levels would create. There are two new words in our vocabulary these days that were created at the start of this financial crisis, sub-prime lending and bailouts.

What we are seeing in Ireland today is the latter, a bailout with a hint of sub prime lending sprinkled in for good measure. What you need to ask yourself is why a government who has said quite openly there was a cash deficit when they came to power and that there are massive cut backs and job cuts needed to try and reduce it, would in the same annual year agree to a "loan" of that magnitude to Ireland.

I’ll give you a clue .. it has nothing to do with helping a friend in need.

In this economy the same people who got us into this mess are the ones calling the shots on how to recover from it. The only way you can avoid becoming a victim in the hyperinflation economy that will follow is to become educated to what really is going on behind those closed doors.

Be Inspired Today To Give It All You've Got!