I was making some research about the Portuguese public debt and its evolution, through news articles, official data of the Government/Bank Of Portugal/Eurostat and I found out that:
In a quarter, I repeat, in just three months, the portuguese public debt went from 107% to 118% (11%... in just three months).
- In 2008 was circa €90 billion (64%).
- In 2011, before the troika came in, soared to around €150 billion (90%).
- Today, in 2012, the data from October 2012 estimated €228 billion.
- Of these €228 billion, €120 billion are related to debt interests or debt repayment expenses. Which means that 53% of the debt is based in criminals interests and especulation. I repeat: 53% of the debt.
Nobody ever wondered why, suddenly, from 2008 to 2009 the debt of countries like Portugal, France, Germany, Greece, Slovenia, among others, has nearly doubled. Nobody remembers what the ECB, then commanded by Jean-Claude Trichet, ordered the states to do, immediately after the bankruptcy of Lehman Brothers in 2008. This fact was completely erased from the memory of the populace. Go find out what happened, 'cause I'm not gonna tell you again.
Nobody asks why instead of reducing debt (which would be its purpose), the memorandum of the troika, signed in May 2011, increased even more to levels than will never ever will be paid.
Therefore, the first moron who comes to me (in flesh) with the kind of speech my country needs austerity, that I've been living over my possibilites; that this money "lent" is to pay salaries and pensions; that this is working well that it's having good results, that it is the only way and that there is no alternative; that this is not ideological, and that is all for our good... The next one who says something that, I will punch him in the face, just to see if he stops his brain $#!£ and starts putting his lazy neurons and his brain working. [Obviously I won't do that... Well, just until I (or most people) have nothing else to lose]