Debt Repudiation . . . . . .

[redcliffsw]

Remember, all sovereign debt principal and interest/debt servicing accumulated over the last couple of decades are just a giant Ponzi scheme, run for the benefit of the banks selling the debt and the politicians using borrowed funds to buy votes and temporary political support. This is a most cruel and illegitimate type of generational theft and debt whereby politicians, banks and voters of one generation actually work together to better their situation at the expense of future generations.

Sadly, majorities in the West have chosen to steal from their children and grandchildren in order to live it up today. Instead of creating a legacy of wealth for their posterity, too many of this generation have stolen and squandered the economic future and prosperity of the next generations
-Ron Holland

http://thedailybell.com/28196/Ron-Holland-Secession-Fever-Sweeping-Europe-Meaningless-Without-Debt-Repudiation