Baby Boomer Criticizes Government Debt, Money Printing and Bank Bailouts

Uh, well, um,

I'm a baby boomer. I was born just after the war.

Uh, we've had probably...

We've probably, uh, had

the longest period of peace and

prosperity, uh, globally, uh, I would say,

uh, from that time.

I've put a little bit of modest money away

so I could hand something down to my

family when I pass on, largely because I've

never spent more money than I've

earned, and I've been prudent,

and I've worked moderately hard. Now, it

always seems as to me as a

complete surprise to politicians

how countries get in debt.

Let me explain, because I don't think you really

understand it.

It's because politicians

consistently spend more money than

they raise in taxation,

more money than they can

possibly raise in taxation,

most of which, in point of

fact, they actually waste. The

reason we're talking about countries

which are broke, and they are broke, is because their

ridiculous, ineffective, ignorant politicians

consistently spend more

money than they can raise,

and then they borrow, and

they borrow, and worse, they

then print money because politicians

and their central banks have a

machine which prints money.

You do that as a private

cit-citizen, and it's a criminal offense.

You would go to prison

for doing that, and politicians and their central

banks do it all the time. Let me explain to you that

these countries are broke, and they're broke because of

their own stupid leadership and politicians,

and it's immoral,

immoral to ask ordinary taxpayers of any

country to pick up the tab for failed politicians and failed

banks.

They are defaulted. They're broke.

For God's sake, let's all of us admit it.