Tuesday, January 10, 2012

The need for money is the root of many compromises

Hungary has become the latest Euro Zone nation to now be willing to compromise on sovereign rights to be eligible to get ECB bailout money in a change of course from prior defiance.

If there is any one more vivid confirmation of Mayer Rothschild words "Let me issue and control a nation's money and I care not who writes the laws" then we have yet to find it. Today Hungary, which had "valiantly" defied Europe and the IMF in ignoring pressure to make its central bank more "malleable" finally folded, following a recent explosion in its bond yields, a surge in CDS to records, and a collapse in its currency. And to think how easy it is to subjugate a state to slave status in our "globalized" days without shedding one drop of blood. Reuters reports: "Hungary's government is ready to consider modifying disputed legislation if the European Commission deems it necessary, Foreign Minister Janos Martonyi told the bloc's executive and European Union partners. - Zerohedge

The need for money many times outweighs the desire to be self-sufficent and rule your own people.  Or as the bible once pointed out, the borrower is slave to the lender.
Welcome to your new slavery Hungary.


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