[Nemo123]

British people and Irish people and people worldwide are so poorly educated about how banking works, they are made to feel guilty and responsible for the debts of their economies. These are banking debts, half the blame a least belongs with irresponsible lenders, who are bailed out. Not at all with the people at the bottom of the pile who are made suffer the austerity. What's terrible is that ordinary people are not educated in the educational system. We are taught a fiction which makes us wear hair shirts in times of austerity, and bear all the responsibility for bad debts. But bad debs are created by bad bankers, not bad lenders. Banks pushing cheap money on its customers. When it goes tits up they bear most of the responsibility, or should do, but they are bailed out by he govt., printing free money like the best of counterfeiters. And all this free money is used to re-inflate the last failed model of capitalism. It's called kicking the can down the road. The poor face cuts, and the property bubble classes enjoy huge rewards for sitting on their assets. It's doomed to failure, and massive failure at that, probably in the next 2 years.