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Spain's Economy On the Edge of Collapse as Protests Turn Violent
UK Daily Mail ^ | 6/20/2012 | Hugo Duncan

Posted on 06/20/2012 10:59:42 AM PDT by ex-Texan

Europe plunged deeper into crisis last night as Spain lurched closer to needing a full-blown bailout to save it from collapse.

The government in Madrid was forced to pay prohibitively high interest rates to borrow money on another bruising day for the single currency bloc.

It raised fears that Spain is on the verge of becoming the biggest victim of the euro crisis so far – following the bailouts of Greece, Ireland and Portugal.

Please read the rest at the source

(Excerpt) Read more at dailymail.co.uk ...


TOPICS: Business/Economy; Crime/Corruption; Foreign Affairs; Front Page News
KEYWORDS: banks; banksters; countdown2war; protests; spain
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The truth is that all of Europe is going to collapse into a mega-depression very soon. Almost the whole world is caught up in a very corrupt banking system: Where corrupt bankers own all or almost all the politicians. That is why the correct term is "Banksters" not bankers

Banksters openly bribe members of Congress with campaign donations and give under the table gifts to key political figures regardless of party affiliation. Both the Dem and Repugs are corrupt with a few exceptions.

The upcoming presidential election will be a farce with voting machine miscounting votes willy nilly and recalculating a fake winner. Dem or Repug. It does't matter.

Our corrupt government is realy ruled by the freaking Federal Reserve system -- which is a cabal of banks including foreign banks and especially one very powerful bank located in England. That explains why our own corrupt central bank bailed out banks and bankers in Europe and elsewhere. And left American tax payers on the hook for over $ 9 Trillion in doing so.

That debt can never be repaid or forgiven today with our Congress owned by Banksters. The truth simply proves how slimy, evil and corrupt things really are in D.C. Today we have a fascist government owned by Wall Street. Welcome to the New World Order.

Do your own research. Don't take my word for it. Read a few books like, for example, The Creature from Jekyll Island, if you really want to learn something.

GLOBAL ELITES THROWN OUT OF ICELAND !

http://itmakessenseblog.com/2012/06/18/global-elites-thrown-out-of-iceland-iceland-dismantles-corrupt-govt-then-arrests-all-rothschild-bankers/

Also there was only one country in Europe that solved its "mortgage crisis" by NOT bailing out the banks and corrupt bankers. Iceland saved its economy by forgiving all mortgages and NOT the banksters !

http://www.bing.com/search?q=Iceland+forgives+all+mortgages&qs=n&form=QBRE&pq=iceland+forgives+all+mortgages&sc=0-42&sp=-1&sk=

At least there is one government in the world that has kicked out the real Bad Guys

1 posted on 06/20/2012 10:59:53 AM PDT by ex-Texan
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To: John Semmens; beethovenfan; spokeshave; FlingWingFlyer; Quix; Alamo-Girl; M. Espinola; ...
*Ping* !
2 posted on 06/20/2012 11:04:28 AM PDT by ex-Texan (Ecclesiastes 5:10 - 20)
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To: ex-Texan

If I had my way
If I had my way in this wicked world
If I had my way
I would tear this old building down
— Rev Gary Davis

No bailouts. Let it fall. Let it all come down. The world went down a bad path in the 20th century. It will be painful, but we need to undo that which has been done. We have all become slaves, but we can be free, if we’re willing to bring this all down.


3 posted on 06/20/2012 11:06:04 AM PDT by ClearCase_guy
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To: ex-Texan
corrupt bankers own all or almost all the politicians. That is why the correct term is "Banksters" not bankers

Good point.

4 posted on 06/20/2012 11:08:28 AM PDT by Age of Reason
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To: ex-Texan
...unemployment is at 25 per cent with half of young workers unable to find a job.

Unemployed youth, summer heating up...not good.

5 posted on 06/20/2012 11:13:17 AM PDT by randog (Tap into America!)
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To: ex-Texan

And Hollande, the clueless Socialist that the witless French just elected PM, wants Spain and Italy to join France in opposing Germany, the only economy in Europe that is functional. At least American voters aren’t the only fiscally ignorant voters in the world.


6 posted on 06/20/2012 11:14:53 AM PDT by txrefugee
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To: ex-Texan

This sounds like another Y2K hysteria.

Or/and

Another global warming hysteria.

This hysteria has been going for a zillion months that it is going to happen soon, soon, soon.…and nothing.


7 posted on 06/20/2012 11:15:09 AM PDT by Gatún(CraigIsaMangoTreeLawyer)
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To: ex-Texan

So, let’s see......money is being loaned by countries that don’t really have the money to lend to other countries who can’t really afford to borrow it, and it’s being lent so that these countries (the one’s who can’t really afford to borrow the money) can give the lion’s share of it to their banks, who themselves are showing massive losses on essentially worthless loans that are simply impossible to ever repay, because the things that were bought with these loans were never really worth the value of the loan, due to the fact that a housing bubble (which has now burst) was created by a massive overextension of credit by the very same banks who will now be given this money to keep them afloat when they’re essentially bankrupt owing to the sheer volume of now worthless loans on their balance sheets.

Somewhere, Bugsy Siegel is thinking, “Casino? Hell, I should’ve opened a bank - it’s the ultimate scam! WHAT WAS I THINKING?!”


8 posted on 06/20/2012 11:17:37 AM PDT by AnAmericanAbroad (It's all bread and circuses for the future prey of the Morlocks.)
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To: AnAmericanAbroad

http://www.skolnicksreport.com/popes1.html ,,, popes , mafia , drug lords ... who doesn’t own a bank?


9 posted on 06/20/2012 11:28:30 AM PDT by Neidermeyer
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Comment #10 Removed by Moderator

To: GatĂșn(CraigIsaMangoTreeLawyer)

Soon a new Franco will come forward. A bit of Fascism will do good for Europe. Freedom to destroy your nation and your culture isn’t worth having. freedom to vote in Socialist Idealists and pander to low wage earning immigrants and fat unions is the death of a people —so get out the old flags and uniforms and songs to meet violence with violence. It is fated to happen.


11 posted on 06/20/2012 11:39:14 AM PDT by Forward the Light Brigade (Into the Jaws of H*ll)
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To: Forward the Light Brigade

The guests should be given cab fare and a hearty back slap out the door (which contra to racists like Rubio say does swing both ways).


12 posted on 06/20/2012 11:42:25 AM PDT by junta ("Peace is a racket", testimony from crime boss Barrack Hussein Obama.)
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To: Neidermeyer

LOL!

I’m telling ya, as a teacher/translator/editor, I’m in the wrong business.

I need to open up a bank lickety-split and get some of that free money flying around! Make some friends with government ministers, other banksters, movie stars, etc.

It’s all gone nuts.


13 posted on 06/20/2012 11:42:35 AM PDT by AnAmericanAbroad (It's all bread and circuses for the future prey of the Morlocks.)
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To: Forward the Light Brigade
A bit of Fascism will do good for Europe.

No. Very wrong.

Fascism was the big winner in WWII. The USA today is very much a fascist country. Europe is more fascist than it is socialist.

Both Fascism and Socialism are left wing ideologies; they are forms of Collectivism, where groups matter and individuals do not. Under socialism, the government owns the means of production -- Europe tried that but largely gave up on it. Fascism is when private interests own the means of production, but government controls the means of production. That is what you see today all across the world.

Fascism is here. The task at hand is to get a lot less of it.

14 posted on 06/20/2012 11:48:37 AM PDT by ClearCase_guy
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To: ex-Texan

Cabal, fascists, Repugs, banksters.

When did you start quoting from DU?

Do you have a solution? Or is your solution just to screw everyone you owe money too? Ah, excuse me. Is your solution to tell everyone else who owes money to screw the person or company to whom they owe money?


15 posted on 06/20/2012 11:48:51 AM PDT by VeniVidiVici (Congrats to Ted Kennedy! He's been sober for two years now!!)
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Comment #16 Removed by Moderator

To: ClearCase_guy

Breath of fresh air...No Hesitation...Rev. Gary Davis PING


17 posted on 06/20/2012 11:53:45 AM PDT by gr8eman (Ron Swanson for President!)
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To: ex-Texan
Your post 10 was deleted due to a Getty image.

Your post 16 was deleted because of a Business Week excerpt. Business Week is now owned by Bloomberg and is link-only.

18 posted on 06/20/2012 12:03:17 PM PDT by Admin Moderator
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Comment #19 Removed by Moderator

To: ex-Texan
The government in Madrid was forced to pay prohibitively high interest rates to borrow money on another bruising day for the single currency bloc.

Uh-huh. OMG 7%!!! I guess many factors come into play, but here's a graph of interest rates for 10 year German Bunds since 1972 for reference:


20 posted on 06/20/2012 12:26:41 PM PDT by Moltke (Always retaliate first.)
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To: Moltke

When inflation is near zero and falling, and other countries in your area are selling bonds at negative interest rates, 7% is high enough to destroy a country with the debt of Spain.


21 posted on 06/20/2012 12:36:52 PM PDT by green iguana
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To: ex-Texan
You are apparently too dense to reason with BUT may awaken when King 0 starts filling all those FEMA prison camps with ordinary out-of-work people who cannot pay their taxes or mortgage or food or got caught in a TSA check point on a public highway

Dude, you need a barf alert for your own posts. Not to mention the picture looks fake as hell. Look! Is that Meryl Streep standing guard? And even if we assume these bogus FEMA camps were real, just who would allow themselves to be packed up and carted off to one?

Again, what is your solution?

22 posted on 06/20/2012 12:39:32 PM PDT by VeniVidiVici (Congrats to Ted Kennedy! He's been sober for two years now!!)
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To: AnAmericanAbroad

Couldn’t have said it better myself-——but I would have tried to wedge Barney Frank in there someplace.


23 posted on 06/20/2012 12:39:32 PM PDT by cherokee1 (skip the names---just kick the buttz)
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To: Moltke

Spain Eliminates Green Energy Subsidies – Green Energy Industry Promptly Exists Spain


24 posted on 06/20/2012 12:40:22 PM PDT by scooby321 (h tones)
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To: ex-Texan

Probably quite true,the Banking system in Europe is pretty much state protected and sanctioned.Citizens in these countries can’t default on their debts and have no legal recourse if failing Banks freeze their deposits.

European views of corporations in many cases,is as just more State assets.The executives.along with much of the senior management,only earn so much..

It is not so much an orwellian system as an incestous one.The same people who dominate politics tell the corporations how much taxes they’ve got to pay and in exchange they put laws forward. to defend corporate property.

In a sense it is a bit like communism,ant idea and any direction comes from a government sanctioned figure.So basically you end up with leftist luminaries coming up with hyped up nonsense.Which the rest of that particular country then treats as if it is manna from heaven.
.


25 posted on 06/20/2012 12:48:13 PM PDT by Del Rapier
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To: Forward the Light Brigade

You’re about right but the entertaining part to me is that now they’re all too broke to buy bullets. The Eurotrashes are pretty much down to flinging old underwear at each other for WW III.


26 posted on 06/20/2012 12:48:55 PM PDT by cherokee1 (skip the names---just kick the buttz)
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To: ex-Texan; All

“there was only one country in Europe that solved its “mortgage crisis” by NOT bailing out the banks and corrupt bankers. Iceland saved its economy by forgiving all mortgages and NOT the banksters !”

And Iceland has been in a severe DEPRESSION, ever since. it HAS NOT recovered, quite the contrary, in fact. It’s S&P Credit Rating is BBB-.

The economy has plunged about 50%, and foreigners with US dollars are king. The newly poor icelandics line up for food, and are leaving in droves.

Uh...
The Propaganda of Iceland does not match the reality.


27 posted on 06/20/2012 12:51:48 PM PDT by tcrlaf (Election 2012: THE RAPTURE OF THE DEMOCRATS)
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To: randog; All

Maybe wrecking the Spanish Economy to create all those GREEN! jobs that never appeared was not a good thing.
DUH!!!


28 posted on 06/20/2012 12:53:20 PM PDT by tcrlaf (Election 2012: THE RAPTURE OF THE DEMOCRATS)
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To: ex-Texan

'U.S. Per Person Debt to Increase 7 Times Faster than Italian Debt'


http://www.freerepublic.com/focus/f-news/2897458/posts



29 posted on 06/20/2012 1:32:24 PM PDT by familyop ("Wanna cigarette? You're never too young to start." --Deacon, "Waterworld")
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To: ClearCase_guy
"Fascism is when private interests own the means of production, but government controls the means of production. That is what you see today all across the world."

Very well said and true.


30 posted on 06/20/2012 1:46:20 PM PDT by familyop ("Wanna cigarette? You're never too young to start." --Deacon, "Waterworld")
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To: familyop; beethovenfan; spokeshave; FlingWingFlyer; Quix; Alamo-Girl; M. Espinola; ...
U.S. NATIONAL DEBT CLOCK

The Outstanding Public Debt as of 20 Jun 2012 at 08:41:22 PM GMT is:

$ 1 5 , 7 8 8 , 3 8 8 , 6 4 3 , 3 5 8 . 8 4

The estimated population of the United States is 312,988,059
so each citizen's share of this debt is $50,444.06.

The National Debt has continued to increase an average of $3.93 billion per day since September 28, 2007!

Source here:

http://www.brillig.com/debt_clock/


31 posted on 06/20/2012 1:50:25 PM PDT by ex-Texan (WAKEN)
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To: ex-Texan
"Iceland saved its economy by forgiving all mortgages...!"

Residential real estate prices have far to fall, probably for the next 20 years or so. Property taxes will eventually also be forced way down, after enough government employees and pensioners fall to where they no longer have time or money for political activities.

That is the way to recovery (much smaller government by reasonable leaders without today's pathologies), and it's not going to be easy or uncomplicated.


32 posted on 06/20/2012 2:03:05 PM PDT by familyop ("Wanna cigarette? You're never too young to start." --Deacon, "Waterworld")
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To: familyop
Obama's head man just got handed his head . . . LOL !

House Panel Votes To Hold Holder in Contempt

33 posted on 06/20/2012 2:09:27 PM PDT by ex-Texan (WAKEN)
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To: ex-Texan

Yep. Call for Freepers and others to watch the thomas.loc.gov site for the tally after the vote (maybe next week, IIRC, look for link to Republican House clerk site). Post and repost the info about any Republicans who vote against finding contempt.


34 posted on 06/20/2012 2:17:56 PM PDT by familyop ("Wanna cigarette? You're never too young to start." --Deacon, "Waterworld")
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To: randog

“Unemployed youth, summer heating up...not good.”

Sangria will run in the streets! :)


35 posted on 06/20/2012 2:34:38 PM PDT by PLMerite (Shut the Beyotch Down! Burn, baby, burn!)
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To: randog

“Unemployed youth, summer heating up...not good.”

Sangria will run in the streets! :)


36 posted on 06/20/2012 2:36:10 PM PDT by PLMerite (Shut the Beyotch Down! Burn, baby, burn!)
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To: familyop; FlingWingFlyer; Quix; Alamo-Girl; M. Espinola; stephenjohnbanker
Warning: Global Systemic Crisis – September-October 2012
37 posted on 06/20/2012 3:12:38 PM PDT by ex-Texan (WAKEN)
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To: Forward the Light Brigade

Fascism and socialism are the same thing.

*If* ‘Fascists’ fight ‘Socalists’ it’s for the same reason that Bolsheviks fought Mensheviks: the same reason that Hitler fought Roehm, the same reason that Hitler fought the communists.

It’s because Totalitarians don’t like to share.


38 posted on 06/20/2012 3:43:04 PM PDT by agere_contra
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To: GatĂșn(CraigIsaMangoTreeLawyer)
This hysteria has been going for a zillion months that it is going to happen soon, soon, soon.…and nothing.

Ah, but then it does. Suddenly. Almost inexplicably.

It may not. But all the conditions are in place.

39 posted on 06/20/2012 4:37:56 PM PDT by BfloGuy (The final outcome of the credit expansion is general impoverishment.)
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To: randog
Unemployed youth, summer heating up...not good.

Especially with the media doing all it can to gin up a race war and constantly pushing the victim meme over something that ended 150 years ago.

And what appears to have been a self-defense shooting has already been pushed beyond the limits of respectable journalism to become an excuse for violence against innocents.

If there is violence in the streets, the media gets to sell more soap. They benefit from stirring this up.

40 posted on 06/20/2012 4:41:00 PM PDT by Smokin' Joe (How often God must weep at humans' folly. Stand fast. God knows what He is doing)
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To: ex-Texan
"Warning: Global Systemic Crisis – September-October 2012"

Thanks. There's some good information to be gleaned from that.


41 posted on 06/20/2012 6:51:45 PM PDT by familyop ("Wanna cigarette? You're never too young to start." --Deacon, "Waterworld")
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To: ex-Texan
There's also the four part series behind the following link.

The future of the USA - 2012-2016: An insolvent and ungovernable United States (first part)


42 posted on 06/20/2012 7:00:08 PM PDT by familyop ("Wanna cigarette? You're never too young to start." --Deacon, "Waterworld")
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To: familyop

Thanks for the links !


43 posted on 06/20/2012 8:24:42 PM PDT by ex-Texan ((Ecclesiastes 5:10 - 20))
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To: txrefugee
At least most, American voters aren’t the only fiscally ignorant voters in the world.
44 posted on 06/20/2012 8:35:54 PM PDT by bill1952 (Choice is an illusion created between those with power - and those without)
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To: Smokin' Joe
If the violence truly does heat up, at least some of us know who the real culprits are...


45 posted on 06/20/2012 8:40:31 PM PDT by bill1952 (Choice is an illusion created between those with power - and those without)
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To: familyop; FlingWingFlyer; Quix; Alamo-Girl; M. Espinola; stephenjohnbanker
Here is another link to study:

Global systemic crisis: 30,000 billion US dollars in ghost assets will disappear by early 2013 / The crisis enters a phase of widespread discounting of Western public debt

With that @ssclown King 0 in power that prediction is a virtual certainty. The real power brokers -- CFR, Bilderbergers, The Club of Rome, Trilateralists, etc. will get everything they desire: Which is more power and more money for themselves and less for everybody else.

George Carlin Said It Very Succinctly Years Ago
Profanity Warning !

Get ready for the 'Great Culling' to Begin for Real

46 posted on 06/20/2012 8:56:17 PM PDT by ex-Texan ((Ecclesiastes 5:10 - 20))
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To: ex-Texan

The way things are unfolding, the target date of Sept-Oct I agree with.


47 posted on 06/21/2012 11:16:53 AM PDT by M. Espinola (Freedom is never 'free'.)
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To: ex-Texan

I spent a year in Iceland fifty years ago minus a year or two. The current population of the entire country is less than half that of the city of Charlotte, NC, that is the city limits of Charlotte, not the metropolitan area! The population when I was there was almost exclusively whites of Nordic descent. I fit right in. I suspect it is far easier to get something done in a little country like that than almost anywhere else in the world.


48 posted on 06/21/2012 1:59:22 PM PDT by RipSawyer
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To: RipSawyer

Thanks for your input. Helps me sort out details in my mind. It’s sad that the only country that did the right thing is very small. Freaking banks have way too much power and they operate just like the Mafia . . .


49 posted on 06/21/2012 6:21:44 PM PDT by ex-Texan ((Ecclesiastes 5:10 - 20))
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To: RipSawyer; TigerLikesRooster; familyop; FlingWingFlyer; Quix; Alamo-Girl; M. Espinola; ...
Ratings Cut for Giant Banks -- Moody's Downgrades Hit Five of Six Largest U.S. Banks, Add to Market Jitters

Isn't nice to know your country is owed by a criminal organization larger and more powerful than the Mafia ___ ?

50 posted on 06/21/2012 6:36:40 PM PDT by ex-Texan ((Ecclesiastes 5:10 - 20))
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