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Fears Rising, Spaniards Pull Out Their Cash and Get Out of Spain
The New York Times ^ | 9/3/2012 | Landon Thomas, Jr.

Posted on 09/04/2012 5:46:43 AM PDT by Night Hides Not

It is, Julio Vildosola concedes, a very big bet.

After working six years as a senior executive for a multinational payroll-processing company in Barcelona, Spain, Mr. Vildosola is cutting his professional and financial ties with his troubled homeland. He has moved his family to a village near Cambridge, England, where he will take the reins at a small software company, and he has transferred his savings from Spanish banks to British banks.

“The macro situation in Spain is getting worse and worse,” Mr. Vildosola, 38, said last week just hours before boarding a plane to London with his wife and two small children. “There is just too much risk. Spain is going to be next after Greece, and I just don’t want to end up holding devalued pesetas.”

(Excerpt) Read more at cnbc.com ...


TOPICS: Business/Economy; Foreign Affairs; Front Page News; News/Current Events
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Is this the Spanish version of "Going Galt"? Europe is imploding as we speak, and the current administration wants us to emulate them.

38 days to go before the theatrical release of "Atlas Shrugged, Part II".

1 posted on 09/04/2012 5:46:47 AM PDT by Night Hides Not
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To: Night Hides Not
Pity.
Spain's Mediterranean beaches are lovely...
2 posted on 09/04/2012 5:48:16 AM PDT by Eric in the Ozarks (I didn't post this. Someone else did.)
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To: Night Hides Not

The problem is... there is no where safe to run to, since the US is going down also.

We are all screwed because Obama destroyed the world.


3 posted on 09/04/2012 5:50:01 AM PDT by TexasFreeper2009 (Obama lied .. the economy died.)
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To: Night Hides Not

Problem with running is that eventually you run out of places to run to.

Farewell and adieu unto you Spanish ladies,
Farewell and adieu to you ladies of Spain;
For it’s we’ve received orders for to sail for old England,
But we hope very soon we shall see you again.


4 posted on 09/04/2012 5:56:28 AM PDT by Flavius (What hopes for victory, Gaius Crastinus? What grounds for encouragement ?)
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To: Night Hides Not
This could be bad news too. How many people vote for Socialism so they can have a free ride, only to leave when the Ponzi Scheme collapses? We see it all the time in the US with Northeastern Socialists moving into once conservative, stable states and turning them into unsustainable Workers’ Paradises.
5 posted on 09/04/2012 6:01:09 AM PDT by Opinionated Blowhard ("When the people find they can vote themselves money, that will herald the end of the republic.")
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To: Opinionated Blowhard
We see it all the time in the US with Northeastern Socialists moving into once conservative, stable states and turning them into unsustainable Workers’ Paradises.

Don't forget the Left Coast Libs...I've seen an unhealthy number move into Texas in recent years.

Reality sets in when these families learn that their kids are at least a year behind in school. I'll never forget when my sister started seeing the light 15 years ago.

We had just moved to the Metroplex, and she visited us a week before school started. She saw the new elementary school my two oldest children were to attend, and spoke to the principal and a couple of teachers.

She returned home to Oakland to find the district didn't have enough money for desks for the students. When she told school officials what she saw, and asked uncomfortable questions of the administrators, they responded by saying "you must be talking about a white bread district."

She responded with a tart "my niece and nephew are Hispanic, and over 50 different languages are spoken in that school. I'm not buying your BS anymore."

And thus began the path of a new conservative.

6 posted on 09/04/2012 6:11:42 AM PDT by Night Hides Not (The Tea Party was the earthquake, and Chick Fil A the tsunami...100's of aftershocks to come.)
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To: Opinionated Blowhard
We see it all the time in the US with Northeastern Socialists moving into once conservative, stable states and turning them into unsustainable Workers’ Paradises.

It happened to California, the State that first elected Reagan.

7 posted on 09/04/2012 6:45:14 AM PDT by Carry_Okie (The Slave Party Switcheroo: Economic crisis! Zero's eligibility Trumped!! Hillary 2012!!!)
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To: Night Hides Not

It’s all going to come down sooner or later


8 posted on 09/04/2012 6:59:01 AM PDT by GeronL (The Right to Life came before the Right to Pursue Happiness)
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To: TexasFreeper2009

This is not happening because of Obama, although he takes delight in being there to kick it over the cliff. This has been building since the advent of the welfare state and the entitlement culture and the idea that we can spend money we don’t have.


9 posted on 09/04/2012 7:01:34 AM PDT by GeronL (The Right to Life came before the Right to Pursue Happiness)
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To: Carry_Okie
Those aren't NE Socialists moving in ~ haven't been for 20 years. Virtually all of California's growth in recent years has consisted of East Asian immigrants and Latin American illegal aliens.

I"ve never seen a good reason to move there ~ doesn't rain enough, winters aren't cold enough, you changed languages from English to Spanish, beaches are crowded, surfing beaches are dangerous, housing is too expensive, salaries are too low, cars are overtaxed and over-regulated, too hilly, too dusty, ,........., just all sorts of things ~ and, NO HURRICANES, although I saw three (Count'em, 1, 2, 3) tornadoes from a hilltop in Vista overlooking Oceanside ~ which means there can be hope for the climate ~ maybe!

Let's see a 4' snow in Riverside County eh ~ then we can talk.

10 posted on 09/04/2012 7:03:37 AM PDT by muawiyah
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To: GeronL
It’s all going to come down sooner or later

It will come down sooner if the incumbent is re-elected.

It will come down later if Romney is elected.

The cake has been baked: over 100 million Americans are now receiving sustenance from the federal government, not including SS or Medicare recipients.

11 posted on 09/04/2012 7:16:42 AM PDT by Night Hides Not (The Tea Party was the earthquake, and Chick Fil A the tsunami...100's of aftershocks to come.)
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To: muawiyah
Those aren't NE Socialists moving in ~ haven't been for 20 years. Virtually all of California's growth in recent years has consisted of East Asian immigrants and Latin American illegal aliens.

Ahem. I was born in California when the population was below 10 million. After WWII, most that settled here did so because they came through during the Pacific War, including many Southern blacks brought to work in the shipyards. Subsequent to that group, was the big influx of Northeasterners in the 60s and 70s. It was those people who converted this State into a host for Marxist parasites.

The Asians & Hispanics came later and for separate reasons. It was only the latter who came interested in entitlements. The culture had changed long before.

Let's see a 4' snow in Riverside County eh ~ then we can talk.

Happens every year.

12 posted on 09/04/2012 7:30:29 AM PDT by Carry_Okie (The Slave Party Switcheroo: Economic crisis! Zero's eligibility Trumped!! Hillary 2012!!!)
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To: Night Hides Not

lost thier country


13 posted on 09/04/2012 7:31:13 AM PDT by dalebert
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To: Carry_Okie
6" ploughed at best.
14 posted on 09/04/2012 7:34:45 AM PDT by muawiyah
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To: Night Hides Not

yes and thier Hatian model is a big fail..


15 posted on 09/04/2012 7:35:59 AM PDT by dalebert
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To: TexasFreeper2009

thats right..its all a big fail..stock up on food and bathroom tissue.


16 posted on 09/04/2012 7:37:08 AM PDT by dalebert
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To: TexasFreeper2009

Our great grandparents, our grand parents, our parents, you and me all destroyed the world when they/we listened to the siren song of the Marxists calling themselves progressives singing the song of “government knows best”.

It started 100 years ago and we kept voting in politicians that told us sweet lies. Vote for us and you can live out of the pockets of your neighbor. Government can offer you security, just let us have some of your paycheck before you spend it unwisely. We will see that you don’t starve in your old age.

It seemed so sensible and so easy. They kept their promises! The end of the track where the it stops at a cliff was so far away. We couldn’t see that far.


17 posted on 09/04/2012 7:44:17 AM PDT by listenhillary (Courts, law enforcement, roads and national defense should be the extent of government)
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To: muawiyah
6" ploughed at best.

You asked for four. The San Jacinto Mountains easily get more than that every year.

18 posted on 09/04/2012 7:58:24 AM PDT by Carry_Okie (The Slave Party Switcheroo: Economic crisis! Zero's eligibility Trumped!! Hillary 2012!!!)
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To: Carry_Okie

4’ = feet. 4” = inches.


19 posted on 09/04/2012 8:00:38 AM PDT by ponygirl (Be Breitbart.)
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To: Carry_Okie

FOUR FEET ~


20 posted on 09/04/2012 8:02:51 AM PDT by muawiyah
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To: muawiyah
Many in Southern California deal with snow and snow conditions so infrequently they forget that at 9,000 feet temperatures can easily drop to _120 F and to below _200 F above timberline. The annual average snowfall in the San Bernardino National Forest is about 6 feet and has reached 15 feet. Snow with gale winds can produce a "whiteout" and bring wind-chills to below -500 F.

Source

21 posted on 09/04/2012 8:11:52 AM PDT by Carry_Okie (The Slave Party Switcheroo: Economic crisis! Zero's eligibility Trumped!! Hillary 2012!!!)
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To: ponygirl
See post 21
22 posted on 09/04/2012 8:13:22 AM PDT by Carry_Okie (The Slave Party Switcheroo: Economic crisis! Zero's eligibility Trumped!! Hillary 2012!!!)
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To: Carry_Okie

I want the whole county covered with 4’ of snow, not just a handful of mountains.


23 posted on 09/04/2012 8:14:21 AM PDT by muawiyah
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To: Eric in the Ozarks
true and then there is the culture shock for Spaniards in England


24 posted on 09/04/2012 8:15:07 AM PDT by xp38
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To: Night Hides Not

And pretty soon the Muzzies will move in and reclaim Al-Andalus.


25 posted on 09/04/2012 8:15:51 AM PDT by dfwgator (I'm voting for Ryan and that other guy.)
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To: muawiyah
Now you're changing your specification.

Masticate feces. It happens every year. You can live in desert Palm Springs, get on the tram and find four feet of snow at the other end.

26 posted on 09/04/2012 8:16:19 AM PDT by Carry_Okie (The Slave Party Switcheroo: Economic crisis! Zero's eligibility Trumped!! Hillary 2012!!!)
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To: Carry_Okie
Being that Absolute zero is defined as -459.67 °F your cited source stating

Snow with gale winds can produce a "whiteout" and bring wind-chills to below -500 F.

seems to be off the scale. How do Californians do that?

27 posted on 09/04/2012 8:26:13 AM PDT by Covenantor ("Men are ruled...by liars who refuse them news, and by fools who cannot govern." Chesterton)
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To: Carry_Okie

WOW, -500F windchill? You need a different source. According to our physics, that is impossible, since absolute zero is about -459 F.


28 posted on 09/04/2012 8:28:14 AM PDT by SgtHooper (The last thing I want to do is hurt you. But it's still on the list.)
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To: Night Hides Not
CNBC article says withdrawal rate equal to 52% of their GDP is fleeing?
That is an amazing number.

http://www.cnbc.com/id/48891162

29 posted on 09/04/2012 8:32:20 AM PDT by HereInTheHeartland (Encourage all of your Democrat friends to get out and vote on November 7th, the stakes are high.)
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To: Covenantor
How do Californians do that?

By electing the likes of Barbara Boxer, Nancy Pelosi, and Linda Sanchez. Their level of coldness is beyond absolute zero.

30 posted on 09/04/2012 8:32:24 AM PDT by Night Hides Not (The Tea Party was the earthquake, and Chick Fil A the tsunami...100's of aftershocks to come.)
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To: Covenantor; Night Hides Not
seems to be off the scale. How do Californians do that?

The source didn't say that. It said -50°F. I ran Acrobat OCR on it and copied it without proofing the OCR. You can thank Californians for the imperfect OCR. Adobe is headquartered in San Jose.

31 posted on 09/04/2012 8:44:39 AM PDT by Carry_Okie (The Slave Party Switcheroo: Economic crisis! Zero's eligibility Trumped!! Hillary 2012!!!)
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To: Carry_Okie

I understand. How many times did Adobe demand you update before allowing you to use their software?

;>)


32 posted on 09/04/2012 8:54:15 AM PDT by Covenantor ("Men are ruled...by liars who refuse them news, and by fools who cannot govern." Chesterton)
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To: Covenantor
How many times did Adobe demand you update before allowing you to use their software?

Correction: FREE software. The answer is: None.

33 posted on 09/04/2012 9:10:02 AM PDT by Carry_Okie (The Slave Party Switcheroo: Economic crisis! Zero's eligibility Trumped!! Hillary 2012!!!)
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To: Night Hides Not

Could not the guy wait until after Nov. 6, 2012? If Romney is elected POTUS, he would have been better to bet on the USA. Another possibility would have been Canada.

If he wanted to stay in Europe, he could try Luxembourg.


34 posted on 09/04/2012 9:47:04 AM PDT by Gumdrop
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To: Opinionated Blowhard
We see it all the time in the US with Northeastern Socialists moving into once conservative, stable states and turning them into unsustainable Workers’ Paradises.

I only hope California will continue to serve as the nation's magnet for communists, militant homos, illegals, parasites, and various and sundry goofballs of every kind. As long as there continues to be a GOP House firewall against the communists, normal, traditional, working American families should remain relatively safe. Still, that firewall cannot be counted on forever. As Dear old Dad always said, "Once the parasites outnumber the hosts, it's all over." That is exactly what we are seeing in old Europe.

35 posted on 09/04/2012 9:56:51 AM PDT by Lancey Howard
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To: Gumdrop
If he wanted to stay in Europe, he could try Luxembourg.

I'd go to work in Luxembourg at the drop of a hat. Much better than the UK, IMO. I played golf many times at the country club next to the Luxembourg airport. Nice course, and I was always treated magnificently. It was about an hour drive from where I was stationed in Germany in the late 70s.

36 posted on 09/04/2012 10:22:21 AM PDT by Night Hides Not (The Tea Party was the earthquake, and Chick Fil A the tsunami...100's of aftershocks to come.)
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To: Carry_Okie

Around here we get such storms wall to wall ~ nothing more brisk than a 4 ft deep snowfall


37 posted on 09/04/2012 10:41:48 AM PDT by muawiyah
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To: muawiyah

You can have any kind of weather you want in California, from 134° down to 90° below.


38 posted on 09/04/2012 10:46:28 AM PDT by Carry_Okie (The Slave Party Switcheroo: Economic crisis! Zero's eligibility Trumped!! Hillary 2012!!!)
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To: Carry_Okie
You can have any kind of weather you want in California, from 134° down to 90° below.

That's a 224° spread. And yet they fret so much over a possible +2° to 3° average over the next century...go figure. ;-)

39 posted on 09/04/2012 11:12:10 AM PDT by Moltke ("I am Dr. Sonderborg," he said, "and I don't want any nonsense.")
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To: Moltke
That's a 224° spread.

Yup. The places capable of that spread are but fifteen miles apart: Death Valley and Telescope Peak.

40 posted on 09/04/2012 12:14:22 PM PDT by Carry_Okie (The Slave Party Switcheroo: Economic crisis! Zero's eligibility Trumped!! Hillary 2012!!!)
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To: Night Hides Not

-——Is this the Spanish version of “Going Galt”?——

I would say no because there is no Galt’s Gulch.

Spain = California =Illinois= Maryland= New York.

England= North Carolina = Texas = Tennessee= Virginia


41 posted on 09/04/2012 12:21:32 PM PDT by bert ((K.E. N.P. N.C. +12 ..... Present failure and impending death yield irrational action))
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To: Carry_Okie

Almost all OCR software in use was written by a small team of Russians. Adobe, etc. just license the software. However, just try to get documentation on functions beyond standard.


42 posted on 09/04/2012 12:26:37 PM PDT by bIlluminati (290 Reps, 67 Senators, 38 state legislatures - Impeach, convict, amend)
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To: Carry_Okie
They tell me it's really great ~ you can drive to a burning desert one day, and to the top of a brutally cold mountain the next.

Ever in Bell California at 2 AM ~ on the streets?

I understand it's a town so tough the city council had to be made up of criminals!

There's a USPS installation there where they used to have the big Blimp Factory.

43 posted on 09/04/2012 12:57:00 PM PDT by muawiyah
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To: bIlluminati
There are SOME types of OCR technology that you don't know about and that stuff wasn't written by Russians.

On the other hand the first guy I ever worked with on OCR was a Jewish guy from Israel ~ and we were fiddling around with aspects of some basic patents held by Rabinow.

44 posted on 09/04/2012 12:59:39 PM PDT by muawiyah
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To: TexasFreeper2009
We are all screwed because Obama destroyed the world.

This is the problem with the West's globalism. They all hooked their cars to the American engine and then we got an engineer who decided to derail the whole show. It was inevitable that sooner or later America's liberal elitists would fall into an ego trip of narcissism and corruption (amoral materialism) given the amount of power and influence it had. Like the British Kings who dreamed of ruling the world and controling it's wealth, they decided to go for National cultural cleansing, enforcing a corrupt ideology of multi-culturalism (foreign tribalism pitted against the natives) to weaken accountablity to their Nations.
45 posted on 09/04/2012 2:08:20 PM PDT by SaraJohnson
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To: bIlluminati
Almost all OCR software in use was written by a small team of Russians.

IIRC, the first to introduce it widely was Caere Corporation.

46 posted on 09/04/2012 2:26:02 PM PDT by Carry_Okie (The Slave Party Switcheroo: Economic crisis! Zero's eligibility Trumped!! Hillary 2012!!!)
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To: muawiyah
Ever in Bell California at 2 AM ~ on the streets?

I'd say Pico Rivera at 2AM is roughly equivalent. I've been from Santa Fe Springs to South Compton. I lived on the Oakland waterfront for 9 years.

So what? You really think that's worse than Gary?

47 posted on 09/04/2012 2:34:14 PM PDT by Carry_Okie (The Slave Party Switcheroo: Economic crisis! Zero's eligibility Trumped!! Hillary 2012!!!)
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To: Carry_Okie
Downtown Gary at Noon is a trip and a half.

Been there.

West PIttsburgh at 2 AM looks and is nasty ~ in recent times all of Pitchburg has been pretty nasty.

Bell, back right after they tore down the Blimp factory, had a boom in the stolen car parts business. In the open.

48 posted on 09/04/2012 2:43:52 PM PDT by muawiyah
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To: Opinionated Blowhard

ditto! hell of a post bro! why do once Confederate states start to turn a little blue? North of the Mason Dixon MFR’S!


49 posted on 09/04/2012 6:27:54 PM PDT by BrianE ("Dead at 25 buried at 65 the average American" - Benjamin Franklin 1776)
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To: Night Hides Not

yep! a little too late, there will be blood in the streets when $$ runs out. It will be tough for those whom live among minorities, gonna need to be locked & loaded at all times.


50 posted on 09/04/2012 6:33:49 PM PDT by BrianE ("Dead at 25 buried at 65 the average American" - Benjamin Franklin 1776)
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