The crisis in The Netherlands deepens and I already reported on again a bank that was bailed out by the Dutch people as taxpayers that now says I can not repay this loan. The bank says this after almost 4 years not paying the interest on the loan?!. And now the war on the deficit is bulldozing the Dutch country and its people by austerity measures taken by the government that are not helping but deepening the crisis. The crux is if there is no money (and it can not be printed anymore) we, “the people”, should pay for it by taxes and other measures and cuts and also pay the blank cheques for banks, institutions and other countries in trouble as they do not go bankrupt or even pay it themselves. I hear them say joking with each other: “We have to let someone pay for the debt ain’t it and that someone are you the stupid idiots that vote for us and give the money to those who have been responsible and liable for the debts”. Oh stupid us I say.
The hypocrisy and arrogance of the bankers and the ones thinking to be in charge see us like sheep as we still act also like sheep. For example our own Dutch ex-minister of finance mister Gerrit Zalm (see picture above) was responsible as financial director for DSB Bank that helped costumers towards “affordable” mortgages in situations that (as also other banks did practice this) people could never pay back their mortgages in full in their financial situation.
The profits made on life insurance and mortgage deals were inherent on wanting to sell what ever you could even knowing that it was a too great risk if things would go wrong. The company was attacked for it by the Dutch authorities and Dutch National Bank – DNB as regulator. Eventually this DSB Bank was offered as a black sheep for the rest of the financial institutions that did the same and were not forced into bankruptcy and were not prosecuted. The financial system including the government never did question the mortgage packages that included a mortgage that was propagated by the financial institutions. That mortgage that could partially be repaid when the house was sold in future was popular and advertised. It made it possible to loan more as it was not part of the repayment scheme now. The assumption was based on a every growing market in housing and rocketing house prices but never on the assumption that it could go wrong. The sky was the limit attitude. This made it possible to loan more without repaying it in the mortgage payment scheme. Now the austerity has brought the housing market after the housing bubble and the crisis to a total standstill. Mister Zalm comes with the solution in election time propaganda for his liberal party – VVD that everybody always should pay back their mortgage in full starting per january 2013. The not repayable part of certain mortgages would be reversed and there would be only one mortgage possible with fixed payment of the mortgage and interest per month.
It seems to me that the financial institutions and banks still want us to pay for that what we not have caused. The crisis is theirs not ours. They want us, the people, to pay for it and the governments way to get it right is to be cutting away all that people got and taxing them for everything and still bailout countries and banks without asking the people if they may do this. This makes it possible that the Dutch will end up before next year in the same situation as Spain or Greece because we “the people” do not have the money to pay for things that we have no part in but are still forced to pay.
This has to end. I for sure ask my Dutch readers to get people around you informed and ready to take action and protest against this abuse of power, redirecting blame and responsibility, accountability and liability to others then themselves. This game is played now too long without you taking action and standing up for your rights as sovereign people.
This is a story going over the whole world about the corrupt fraudulent banking system based on fiat currency (without any value as collateral for the issued money) and debt-based systems where not people but corporate banking institutions are telling you what to eat, drink, buy, learn, etc. We have all over the world the same trouble till we stand up and say NO MORE. Wake up people. I’d rather see the system collapse faster because then people will see it was wrong and we can work on a new not debt-based system that honours our unalienable rights. Fixing the system or delaying the inevitable is not the way to go. It will collapse sooner or later.
Love and Light,
Lucas
