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Fiscal Sodomy of The American Public and Bankster Holdings of PIIGS Debt

06-02-2011 • EconomicPolicyJournal.com

As can be seen by the chart, for the most part, the PIIGS debt is held by European banksters and not the locally grown U.S. variety. This leads to the question , why would the U.S. back additional bailouts from the IMF (where the U.S. makes the largest contribution), given that there is limited U.S. exposure? Even if the absurd proposition is agreed to that the U.S. needs to prop up domestic banksters, the U.S. participation in global bankster bailouts is really a stretch. Bottom line: There's a global bankster game going on where the role for the average American is to simply pay for it.

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