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Josh Sigurdson reports on the recent massive bailout of Lufthansa, the largest German airline and the second largest airline in Europe.
Lufthansa is getting a 10 billion dollar equivalent bailout from the European Union which in turn will equal a 20% stake in their company by the German government. In cases of voting, the German government can actually take as much as 25% of a stake in the airline and veto any potential takeovers or deals.
The governments created the shutdowns that lead as a catalyst to the complete collapse we’re currently witnessing. Now they’re coming in as the so-called “savior” and taking over the businesses as if they were the IMF, Chinese government or US government.
This is a big deal as it is a slippery and obvious slope into government control of all corporations.
We are seeing similar actions take place in Britain as the British government looks to utilize the small business bailouts to take equity in all the small businesses they’re bailing out that are unable to repay their debts which is basically all of them.
In this video we break down this insanity.
Stay tuned for more from WAM!
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Video edited by Josh Sigurdson
Graphics by Bryan Foerster and Josh Sigurdson
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