"Spain's economy contracts as recession fears grow ... The Spanish economy has shrunk for the first time in two years, increasing fears the country could be heading for a recession. The country's economy shrank by 0.3% in the three months to December, after stagnating in the previous quarter. Household spending fell by 1.1% from the previous quarter, while spending by public bodies dropped by 3.6%. The country has the highest jobless rate in the EU, with almost one in four people out of work. Spain's unemployment figure passed the five million mark in the last quarter of 2011. Figures showed 5.3 million people were out of work at the end of December, up from 4.9 million in the third quarter. The downbeat fourth-quarter economy figures come even before the impact of new austerity measures unveiled last month by new Spanish Prime Minister Mariano Rajoy." – BBC
Dominant Social Theme: Austerity is tough but builds character.
Free-Market Analysis: Did you hear that about half of Europe is in recession
or headed that way? We can see from the above excerpt that Spain is certainly
headed that way. Greece, Portugal and Ireland are also in various forms of
economic collapse.
Call it recession, depression or simply cataclysmic
economic conditions. But one way or another Southern Europe is in a terrible
state. Greece is in a meltdown; half the young people in Spain aren't working
and Portugal and Ireland aren't far behind.
Heck, let's just call it a continental depression. And
one that is as unnecessary as it is terrible. The elites that set up the
European Union by subterfuge bribed the Southern government PIGS with funds.
This is no different than the way the tag team of the World Bank and International Monetary Fund act. The World Bank lends money to dictators and then hauls in the IMF to make the suffering citizens pay the bill.
The strategy is doubly delicious because the
"banks" get blamed for what is essentially a top-end elite plot.
Capitalism and the mechanical process of paying interest are blamed while the
planners behind it all remain unscathed.
When things get too bad, other tried and true formulas
are pushed to the fore. It's all been done before, after all. The apparent
dynastic families that are trying to set up world government are seemingly
pushing ahead with this scheme via economic depression and war – as they have
in the past.
We can see this same formula in use in the 1930s.
First came a great money-printing euphoria in the 1920s, then a central-banking-caused
depression and finally a world war. The war is generated during the depression
as people grow angry and are ready to lash out at any perceived enemy.
Not only this, but a war allows the government to
renounce its debts and put the entire economy on a command-and-control footing
where young men are dragooned into military service to work for a dollar a day.
Companies are commandeered to make military equipment. The depression is
short-circuited by the government's state of emergency.
Yes ... we can see this sort of paradigm taking shape
now if we look hard. And within this context austerity makes sense. Those whom
the elites wish to manipulate must first be made destitute and miserable.
Only then will war and state dirigisme seem attractive
or at least tolerable. Surely there were many individuals during the Great
Depression that found war to be an attractive alternative to the prospect of
starving slowly to death.
This is likely the plan. It seems evident and obvious
to us, as we've pointed out numerous times, that the Western powers-that-be are
setting up a kind of Islamic crescent in the Middle East. Almost every country
that has been destabilized was secular and will now emerge with an Islamic
government. Step by step, the West is creating an "Islamic threat."
In the meantime, the creation of an economic collapse
continues apace. It is the elite's economy, after all. A tiny group of people
now control the world's central banks. And through money printing they have so
distorted the world's economy that it will take years, if not decades, to
recover.
Within this context, the power elite continually
aggravates the situation by pressing ruined civilizations to give up more
wealth and treasure. It is a sub-dominant theme of sorts, that Europe needs to
struggle through austerity to come out stronger and leaner.
What is also true is that these public promotions are
patient based and focus on the hapless citizen as a passive observer. Just
yesterday we pointed out how articles often refer to the average citizen as a
patient, and elite central bankers as doctors.
And then there is the metaphor of the punchbowl that
treats people as partygoers. And now we have the European metaphor of consumer
as lazy weakling with central bankers seen as administering strong, severe
medicine ... austerity.
Always, people are presented as lazy, sick,
lackadaisical or ne'er do wells staying at the "punch bowl" too long.
Always, the current system is presented as stern, sorrowful, wise but
merciless. It is a parent/child relationship with the self-appointed elites
playing the role of omnipotent father figure.
The propaganda is relentless and contemptuous. In
fact, he hundreds of millions of Europeans are not children. And the handful of
bankers and Brussels bureaucrats supervising their demise are not their fathers.
Step back and look at the "big picture." An
economic depression is being foisted on the Western world and the world at
large. Once the BRICs collapse, the world's economy is finished. There will
likely be no "recovery," not in the short term anyway.
And so bang the drums of war. For war seems an
inevitability. The one difference between now and the 1930s is the Internet and
what we call the Internet Reformation.
Many more people are aware of the manipulations that
we've presented above and written about numerous times along with the rest of
the alternative media. The Renaissance and Reformation changed the context of
the world after the advent of the Gutenberg Press. The Internet is doing so
again.
Conclusion: Nothing is preordained. Time and the action of
individuals – human action – will tell the tale.
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