|miners in spain fighting police in protest of austerity|
Spanish miners fight furious battles with riot police as they protest austerity cuts to coal subsides
- Nationwide strike organised by unions bitterly opposed to reductions in coal subsidies from €300 million to €110 million
- Protesters set up barricades of burning tyres and launched home-made rockets at groups of riot police
- Economic stagnation has pushed Spain's unemployment rate to above 24 per cent, the highest in the European Union
- Prime Minister Mariano Rajoy said the country will stick to harsh austerity measures
|Greece is going down into the abyss|
Sounds to me like a problem here. On the other hand many of you recall the debates in 2008 that we all engaged in on whether we would actually break down into this type of chaos. Pundits pounded the table everyday on MSM outlets applauding the Fed's ability to control this very type of collapse by using all of their "tools" to keep the economy growing. Well the jury is no longer out. We're entering the "next phase". Will this deflationary washout deliver the promised reset and return to growth after it occurs or will it lead to something more ominous as the last deflationary cycle delivered in the 30's ie WAR! ?? Stay tuned because NO ONE knows. Violations of nature's law and the moral decay that ensues usually results in collapse....NOT JUST ECONOMICALLY but morally... as anyone that has their eyes open is already able to see in this country. Just look at the headlines on our "Generals". Aren't you proud? I know I want to wear two of those lapel flag pins to show my support for the "Generals".
We are all being slowly stripped of our collective and individual decencies. Its all being accelerated to prepare for the next phase. This is why the emphasis now is not to argue about whether we can just profit from the market but what do we do to preserve what is left of our own moral centers. What can we do as individuals to contribute in a "pay it forward" manner to help people that are struggling with this supercycle event. I don't argue with people any longer about the future if they cannot see it after I give them just a few examples of the game......then they never will and I did try.....Last advice.....Keep your eyes on the sun. gl all
How unfortunate and how narrowing a thing it is for a man to have wealth who makes a god of it instead of a servant.
-Mark Twain in Open Letter to Commodore Vanderbilt, 1869