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Flash! European Zone Finances Still Coming Undone!
Open Source Survival Blog ^ | July 20, 2012 | Ronin Gael

Posted on 07/20/2012 10:23:00 PM PDT by Lowell1775

A famous Chevy Chase routine on Saturday Night Live was a weekly update on the death of Spanish dictator Francisco Franco. Franco died 20 November, 1973. For the first two years of the ‘Weekend Update” segment, Chase would report with a deadpan face and somber tone that “Generalissimo Francisco Franco is still dead.”

Much the same reportage method could be applied to the status of European Zone finances as they circle the bowl. Like Bagdad Bob on Nodoz, we hear a continuous stream of reassurances by the media, bankers, financiers, and government officials on both sides of the ocean that it is all fixed….don’t worry…nothing to see here….keep spending more than you make…keep borrowing, etc.

The Truth? Monsters.

It is spinning further and further out of the known realm and into areas that no financial system has ventured and survived. As Captain Barbarossa said…..”You are off the edge of the map, mate. Here there be monsters.”

more at

(Excerpt) Read more at ...

TOPICS: Business/Economy
KEYWORDS: banks; europe; finance; preppers
Blogger Ronin Gael's latest take on European debt crisis that isn't a crisis anymore.

ECB is lending to banks at 0% and investors taking negative interest to park their money in German and French? bonds.

Strange days.

1 posted on 07/20/2012 10:23:15 PM PDT by Lowell1775
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To: Kartographer; blam; The Duke

For your perusal...

2 posted on 07/20/2012 10:33:51 PM PDT by Old Sarge (We are now officially over the precipice, we just havent struck the ground yet)
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To: Lowell1775
Franco died 20 November, 1973.

November 20th of 1975 is the correct date. I was in Spain in October of 1975 and listened to a speech he made on television. He appeared very alive and vocal. This was not "Week End at Bernies"

Franco has an odd place in history. He saved Spain from the communists but did not know how to save Spain from himself. King Juan Carlos of Spain was literally raised by Franco to be his heir. When Franco died Juan Carlos assumed the power of a military dictator as was Franco. Once in power, Juan Carlos set about bringing true democracy to Spain as fast as possible.

A result of this action was a military coup against the King Juan Carlos that failed. Juan Carlos made a speech in what would be the equivalent of Parliament. He demanded the generals to let democracy and freedom reign in Spain.

The Generals had the weapons but they did not have the support of the people of Spain. These Generals were old men in 1975 and remembered the absolute horror and death of the Spanish revolution. Fortunately they loved Spain more than they did power and acceded to the demands of Juan Carlos.

It is ironic that Franco saved Spain from the communists and Juan Carlos saved Spain from Franco. Franco did good things and he did bad things. We only hear about the bad things and they were very bad. Without Franco there would be no Spain. Without Juan Carlos there would be no Freedom in Spain.

3 posted on 07/20/2012 10:47:59 PM PDT by cpdiii (Deckhand, Roughneck, Mud Man, Geologist, Pilot, Pharmacist. THE CONSTITUTION IS WORTH DYING FOR!)
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To: cpdiii

Franco saved 200000 Jews from the gas chambers, also while at first, the economy was centrally controlled and stagnant, in the 60s, Franco introduced free market reforms, and from 1960 to Franco’s death, only Japan’s economy grew faster than Spain’s.

4 posted on 07/20/2012 10:54:06 PM PDT by dfwgator (FUJR (not you, Jim))
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To: Old Sarge; Lowell1775
The Disastrous 40-Year Debt Supercycle Is Coming To an End
5 posted on 07/21/2012 8:05:34 AM PDT by blam
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