BRUSSELS, June 30 (Agora Erasmus)—Since 2011, the government of Belgian Prime Minister Di Rupo, in the name of "fiscal adjustment," reduced public spending by EU18.8 billion, the equivalent of 5.2% of Belgium's GDP. Today, since growth has collapsed even more, the Belgian government projects cutting an additional EU524 million this year and EU3.5 billion next year, a policy that might lead to angry riots.
To top it all, the latest report of the fascist Bank for International Settlements (BIS) calls on Belgium to go for more blood. In the chapter, "Fiscal Sustainability: Where Do We Stand?" the BIS stresses again that the public debt of the advanced countries should be reduced below 60% of GDP in 2040, when in Belgium public debt stands already at 100%. The reason for this objective is the already discredited assumption that a high public debt is a drag on growth.
Confirming the genocidal program to reduce life expectancy below the age of 66, a policy discussed behind doors at the highest level of the EU to "save the euro," the BIS underlines that because of Belgium's aging population, public spending for pensions and healthcare will reach in 2040 up to 8% of Belgium's GDP. Of course, to reduce its public spending, the BIS calls on Belgium to reduce public spending by an additional EU34 billion between 2014 and 2040, close to 9% of GDP.
The fact that the demanded cuts are close to equal to the estimated growth of age-related public spending is most troublesome, especially in a country where euthanasia is already legal and when there are currently discussions to "offer" this possibility to children below age 18.
Knowing the history of the BIS in financing the Nazi regime which considered that there were lives not worthy of being lived, this report should shake up everyone. Politicians should just throw this policy in the garbage can and call for the immediate dissolution of the BIS as Roosevelt did at the Bretton Woods conference.