Governments and Banks - Who is in Who's Pocket?

We often don't see the connection between the banks and our governments, because we have been sold the fiction that our government is all powerful, and the banks do what they are told.

Yeah, right! The power sits firmly where the money is, and that's with our old friends the bankers. The Governments of this world do what they can to ease the flow of money into the banker's coffers.

Witness two recent stories about the British Government that will leave you in doubt that it is always the bankers' interests that come first, regardless of the detrimental effect on the people and the public purse.

The first story will quite obviously be the Northern Rock fiasco. £25 billion of tax payers money used to shore up a corrupt, mismanaged business. And our money will be paid back (hopefully) within 5 years. However, what our £25 billion does, is allow already filthy rich bankers and business people to buy what's left of the Northern Rock without taking on its debts and being able to keep all the profits!

Indeed and, this helps the British taxpayer how? Of course, this scheme was dreamed up by the bankers at Goldman Sachs, and of course the bankers were looking to get the best deal for themselves and their cohorts, the British public be damned.

Oh and yes, this deal has been presided over by the UK government, Prime Minister Brown and his Chancellor in particular.

See more on this story at the Times here.

The second story about how the government bends over backwords to help the banks fleece us regards debt relief for people who find they are currently unable to pay their bills.

Currently, we have a system of Adminstrative Orders, which are long term debt management plans administered by the courts. Under these plans all interest on debt is suspended in return for people paying a set amount every month.

So, what would our helpful government like to introduce? New rules being proposed by the Government would enable consumers struggling to pay debts to apply for a court order to have a repayment break.

Repayments could be suspended for up to a year, but interest rates would continue to accrue. The orders will not be allowed to include such debts as mortgages, child maintenance and student loans. And, AND there would be a fee for taking out such a court order.

I'm not sure I see the upside here! However, the Chief Justice Minister Bridget Prentice says 'Debt's a problem that can affect anyone at any time. We want to ensure people who run up debts are given every opportunity to pay them off'.

Good for her.Good for the banks. Good for you? I'm not so sure. After all, even though you're taking a 'repayment debt', the total you owe will be higher at the end of the break. Under the current system, no further interest is added to your debts, it's clear which option serves you and your financial health best.

This administration has presided over policies and actions that have resulted in the UK having a current deficit of £43.6billion. They are further saddling us with another £25billion debt to cover the Northern Rock fiasco. This is money they don't have because of the profligate spending this government embarked upon since taking office with Tony Blair back in 1997.

The next budget is not going to be able to do anything to stimulate our stagnant economy, no tax cuts, no government spending, because there's nothing left! And who are we in hock to? That's right, the banks!

Isn't it time to step out of such a travesty of a democratic system. We pay over 60% in taxes, do you like where your money is being spent? We then have to try and afford a decent lifestyle even when faced with predatory lending practises and corporate greed.

Take a stand, open you eyes and see what's really going on. Opt out of the bankers game, opt out of governmental control. Take small steps forward, but move forward to freedom

Source: http://ezinearticles.com/?Governments-and-Banks-Who-is-in-Whos-Pocket?&id=946338
Business online blog