There is a man called Kliguy38.His insights are worthy.I have followed his writing for years now and he is not an alarmist or a doom and gloomer. he is a realist.Here is one of his posts.I suggest we listen. Thomas
Coming to a theater near you soon
So this is how the Global Government looks looks to the Spaniards this weekend in Barcelona as European financial leaders from 29 countries meet to determine changes to the financial and political landscape. In reality they are trying to find a way out of a worsening collapse of the Eurozone fragile union. Its become so dire for the PTB that Spain closed its borders to thousands of potential protesters pouring in from other European countries to participate in the Barcelona demonstrations.
Does this really have any impact on us? Perhaps not directly but it is a symptom of a growing problem with the central planning of the globalization cartel. As the attention of the Central Bankers remains focused on protecting the Bank’s balance sheets from their insolvency, the real economy is left to the trickle down repair that is NOT addressing the pain on a large portion of the sheeple. Instead of expending their efforts to improve the structural breakdowns from years of malinvestment by the bankers, we have elected to chose a path of “extend and pretend”. Trying to buy enough time that self healing can allow and economic healing through the ranks of business and manufacturing. Meanwhile the structural decay in our roads, bridges, airports, railways, and education progress unabated.
We’re in the 5th year of the “recovery”. What the MSM tries to conceal from the public when statistics are presented on improving employment are the more permanent conditions that are developing within our country. We have PhDs that are now working as cab drivers. We have new college graduates taking jobs at fast food shops. These are honest jobs, but they are malinvestment in our future. These people show up as “employed” in the statistics, just as those that have given up looking for work and just live off of food stamps and other forms of Government assistance. The real unemployment number in this centrally planned recovery is closer to 20% which is a depression era number here. In the countries like Spain, the official numbers are well over 25%. Back on our own soil there are enormous families that were living large and believing it was their patriotic duty to be an aggressive spender. They were encouraged by the media and government even to spend and consume. Now the music has stopped and instead of letting the strong hands come in and take over the defaults of these millions of sheep….the Central planners elected to try and reinflate the housing bubble and destroy the possibility of a more meaningful long term recovery. This is calculated and this is why we talk about protecting yourself. There will be more pain to come, and it can only be postponed so long.
Keep your eyes on Europe. Its going to be warm weather soon. And with warming weather will come new problems for the Central planners. March should be a time for renewal. Someone is going after the Vatican. Strange timing. gl all
Thank you Kliguy.This is an incredible post. Thomas
Update: Spain at a glance as May begins:
The European Union
The following are 20 signs that the next Great Depression has already started in Europe…
#1 The unemployment rate in France has surged to 10.6 percent, and the number of jobless claims in that country recently set a new all-time record.
#2 Unemployment in the eurozone as a whole is sitting at an all-time record of 12 percent.
#3 Two years ago, Portugal’s unemployment rate was about 12 percent. Today, it is about 17 percent.
#4 The unemployment rate in Spain has set a new all-time record of 27 percent. Even during the Great Depression of the 1930s the United States never had unemployment that high.
#5 The unemployment rate among those under the age of 25 in Spain is an astounding 57.2 percent.
#6 The unemployment rate in Greece has set a new all-time record of 27.2 percent. Even during the Great Depression of the 1930s the United States never had unemployment that high.
#7 The unemployment rate among those under the age of 25 in Greece is a whopping 59.3 percent.
#8 French car sales in March were 16 percent lower than they were one year earlier.
#9 German car sales in March were 17 percent lower than they were one year earlier.
#10 In the Netherlands, consumer debt is now up to about 250 percent of available income.
#11 Industrial production in Italy has fallen by an astounding 25 percent over the past five years.
#12 The number of Spanish firms filing for bankruptcy is 45 percent higher than it was a year ago.
#13 Since 2007, the value of non-performing loans in Europe has increased by 150 percent.
#14 Bank withdrawals in Cyprus during the month of March were double what they were in February even though the banks were closed for half the month.
#15 Due to an absolutely crippling housing crash, there are approximately 3 million vacant homes in Spain today.
#16 Things have gotten so bad in Spain that entire apartment buildings are being overwhelmed by squatters…
A 285-unit apartment complex in Parla, less than half an hour’s drive from Madrid, should be an ideal target for investors seeking cheap property in Spain. Unfortunately, two thirds of the building generates zero revenue because it’s overrun by squatters.
“This is happening all over the country,” said Jose Maria Fraile, the town’s mayor, who estimates only 100 apartments in the block built for the council have rental contracts, and not all of those tenants are paying either. “People lost their jobs, they can’t pay mortgages or rent so they lost their homes and this has produced a tide of squatters.”
#17 As I wrote about the other day, child hunger has become so rampant in Greece that teachers are reporting that hungry children are begging their classmates for food.
#18 The debt to GDP ratio in Italy is now up to 136 percent.
#19 25 percent of all banking assets in the UK are in banks that are leveraged at least 40 to 1.
#20 German banking giant Deutsche Bank has more than 55 trillion euros (which is more than 72 trillion dollars) of exposure to derivatives. But the GDP of Germany for an entire year is only about 2.7 trillion euros.
Yes, U.S. stocks have been doing great so far this year, but the truth is that the stock market has become completely and totally divorced from economic reality. When it does catch up with the economic fundamentals, it will probably happen very rapidly like we saw back in 2008.