Add the total and complete hypocrisy of France to the list of reasons to avoid putting a cent in the EU.
We already know about Spain where Prime Minister Mariano Rajoy was “allegedly” receiving bribes from property developers throughout the housing bubble… while THREE different treasurers have been accused of everything from money laundering to fraud.
Rajoy’s defense to the allegations? “I repeat what I said Saturday: everything that has been said about me and my colleagues in the party is untrue, except for some things that have been published by some media outlets.”
Then there’s Italy where Prime Minister Silvio Berlusconi has a track record a mile long (including numerous allegations of sexual misconduct, tax evasion, and collusion with the mafia).
Berlusconi’s latest charge is for bribing an Italian senator to change political sides. His defense? Bribery is a “necessary part of business.” Mind you, this is the same man who once called tax evasion a God-given “right.”
Now there’s France where we find out that the man in charge of catching those committing tax fraud was in fact engaged in massive tax fraud himself.
The French government is in crisis after François Hollande's former budget minister and tax tsar was charged with tax fraud following a shock confession that he had held a secret foreign bank account for 20 years and had repeatedly lied about it.
Jérôme Cahuzac's sudden admission that he hid €600,000 (£510,000) offshore for more than two decades is the biggest scandal to hit Hollande's presidency.
http://www.guardian.co.uk/world/2013/apr/02/jerome-cahuzac-france-offshore-account [9]
So… in the last few months we’ve discovered…
- EU political leaders were on the dole during the boom times often receiving bribes and then hiding the money via tax evasion schemes.
- EU political leaders feel it’s acceptable to throw out issues like personal property rights and Democracy during the bust times.
- EU political leaders are so corrupt they don’t even deny their crimes.
- When push comes to shove, EU leaders won’t hesitate to STEAL citizens’ money to bail out their banker friends.
At this point, there is literally not one single reason to invest a cent in Europe. Banks are lying about their balance sheets. Politicians are lying about citizen’s rights. The Central Bank is lying about everything…
By the way, Germany’s minster of education recently quit when it was discovered that she plagiarized her PhD thesis.
This is what systemic collapse looks like. This is what happens when society as a whole breaks down. It’s now happening in Europe… the single largest economy in the world. And eventually it will be making its way around the world as the overleveraged financial system breaks down.
You DO NOT want to be on the bad end of this. What’s coming will make what happened following Lehman’s failure look like a joke.
If you’re an individual investor worried about what Europe’s Crisis really means for your savings, we’ve published a FREE Special Report outlining exactly that. It’s titled, What Europe Means For You and Your Savings.
In this report, we outline the risks Europe’s banking crisis holds not only for those in Europe, but for savers around the world. We also explain how this crisis will most likely unfold, including which areas are most at risk in the financial system. And we cap it off by listing multiple backdoor plays on Europe that investors can use to profit from Europe’s Crisis.
You can pick up a FREE copy here:
http://gainspainscapital.com/what-europes-collapse-means-for-your-savings/ [10]
Thank you for reading!
Graham Summers