Are we entering a new age where democratically elected governments are replaced by banks?

By Old Holborn

It had to come. Portugal has run out of other peoples money, the Socialist govt has quit and new austerity measures, draconian to say the least, are to be enforced by the unelected of Brussels, their new masters.

Money will be controlled directly from the unaccountable (and very likely insolvent) European Central Bank, based on the future earnings of the Germans and overseen by the unelected European Commission. Taxes will be raised, services will be cut, interest rates will soar. ...

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