Skip to comments.Flash! European Zone Finances Still Coming Undone!
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 .dont 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 www.opensourcesurvival.com
(Excerpt) Read more at opensourcesurvival.com ...
ECB is lending to banks at 0% and investors taking negative interest to park their money in German and French? bonds.
For your perusal...
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.
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.
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