This short video explains what is really meant by the word 'austerity'. Though it doesn't touch on the details of the scam that it is the international banking system it does explain some of the consequences of it. Not least those inflicted by the World Bank and IMF.
Do we sit back and take it or follow the example of the people of Iceland as outlined in the video? I'd like to think we will but I suppose it all depends on how painful the 'austerity' measures are. Will they be enough to shake people out of their TV and media induced stupor? We'll see.