Political Social Current Affairs
AUSTERITY AND THE NATIONAL DEBT
The Eurekys Formula
The ordinary citizens did not cause the Global Financial Crisis that has created outrageous levels of National Debt and nearly an era of crippling Austerity.
The example of Greece has illustrated how interest repayments and cumulative interest payments has caused financial misery for millions of innocent citizens leading to riots and in some cases a radical change of Government.
I would like to suggest one possible solution - which I have named The Eurekys Formula.
National Debt should be re-classified as Zero per cent interest per annum and cumulative interest balances should be reduced to Zero.
What an outcry from the Creditors this will bring. They will want their pound of flesh regardless of the misery this causes their fellow citizens.
The super rich continue to live in their luxury way of life whilst most of the rest of us suffer - is this a good thing for Democracy or the image of Capitalism ?
Why should not the Creditors, Investors and Financial Gamblers suffer too in the interest of their respective countries ?
So, Politicians, International Monetary Fund, The Economic Union Central Bank. The Federal Reserve Bank and all the other custodians of Capital - think about this radical proposal to get some Financial Equilibrium and higher standards of living in the World and less destructive Austerity.
We are living in The Glutton Society. This has to change for the better of everyone.
Of course, The Creditors will object with more than 20 arguments why The Eurekys Formula will not work.
Eurekys can only advance one argument in favour of The Eurekys Formula -
FAIRNESS FOR ALL THE INNOCENT SUFFERING CITIZENS IN DEBTOR NATIONS
What do you think ?
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