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While Brussels Burns In "Anti-Austerity" Riots, Here Is The Real Reason For Europe's Depression

Tyler Durden's picture




 

Riot police clashed with demonstrators in the Belgian capital of Brussels on Thursday amid a massive protest against government plans to reform the country’s welfare system. This comes on the heels of violent French, Italian, and Spanish youth protests in recent weeks as the citizens of the non-Germanic European Union decry the 'austerity' they have been crushed by. What is odd, though, is externally, there has been 'no' austerity with debt loads rising for all these nations and debt/GDP at record highs for most. So where is the disconnect between a people under increasing financial pressure and a sovereign issuing more and more debt at will? The Telegraph has the stunning answer: an audit, published this morning, found that £109 billion out of a total of £117 billion spent by the EU in 2013 was "affected by material error”. Brussels accounts have not been given the all clear for 19 years running. In other words, Brussels 'embezzles' billions of euros per year, and blames it on austerity. Is it any wonder, Europe is burning?

 

This is what happens... More than 100,000 marched through Brussels today...

 

And it turned ugly...

 

 

When your leaders steal... (as The Telegraph reports)

According to the annual report of the European Court of Auditors, seen by The Telegraph, £5.5 billion of the EU budget last year was misspent because of controls on spending that were deemed to be only “partially effective” by experts.

 

The audit, published this morning, found that £109 billion out of a total of £117 billion spent by the EU in 2013 was "affected by material error”.

 

It means that the Brussels accounts have not been given the all clear for 19 years running.

 

Treasury sources said that the disclosure shows why the EU needs “urgent reform”.

 

...

 

“More can and should be done to ensure money is spent according to rules,” it said.

 

Among the examples of misspent money was funding used to buy helicopters to help Spain defend Europe’s borders against entry by illegal immigrants.

 

“[Auditors] examined a project in Spain which consisted of the purchase of four helicopters, to be used 75 per cent of their operating time for EU border surveillance and control. However, the ECA found the helicopters were only used 25 per cent of the time for this purpose,” said the report.

 

In another case, the commission handed out £1.4 million in funding for social development in Moldova “for which no underlying expenditure had been incurred”.

 

...

 

“Far too much of the EU budget continues to be spent on poor quality projects with poor oversight. This is not only wasteful but undermines consent for the whole EU project,” said Christopher Howarth, an analyst at the think-tank.

 

“The EU should radically reform its budget to focus only on those areas where the EU adds value.”

*  *  *

The bottom line is that Europe's citizens are being cheated of the benefits of ultra-low interest rates repressed by the ECB that enables their inglorious leaders to issue debt at will and increase the nation's burdens, by a bureaucratic layer of embezzlement that has been going on - in size - for decades.

 

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Thu, 11/06/2014 - 15:46 | 5420756 SethDealer
SethDealer's picture

wait until Russian turns off the gas

Thu, 11/06/2014 - 15:53 | 5420780 Mister Ponzi
Mister Ponzi's picture

Who could have seen it coming?

Thu, 11/06/2014 - 15:53 | 5420788 kliguy38
kliguy38's picture

They were doin' God's work.....who could blame them

Thu, 11/06/2014 - 16:04 | 5420847 Divided States ...
Divided States of America's picture

Was that billion dollar error used to buy up us treasuries this past few years?

Cmon youths lets go wild and burn Brussels

Thu, 11/06/2014 - 16:12 | 5420878 Titus
Titus's picture

Fuck the EU.

Thu, 11/06/2014 - 16:24 | 5420943 Theta_Burn
Theta_Burn's picture

Taking a time out to enjoy a good Belgium White and pose for a picture.. nice

 

Thu, 11/06/2014 - 16:26 | 5420952 Haus-Targaryen
Haus-Targaryen's picture

This riot would not have happened if there was pooling of debts.  Clearly the way to fix "Europe" is to drag down the most productive countries at the expense of the shitty ones. 

Thu, 11/06/2014 - 16:30 | 5420974 RaceToTheBottom
RaceToTheBottom's picture

OK, does this mean that the US gave the money to Belgium to buy all those Treasuries?  

Or does it mean that the US gave twice as much and Belgium just used 1/2 to buy the US Treasuries?

Thu, 11/06/2014 - 16:58 | 5421103 MrSteve
MrSteve's picture

Hey, two for one just means that bonds were on sale, so they only needed to spend half the funds. That would "account" for it!

Thu, 11/06/2014 - 18:47 | 5421555 123dobryden
123dobryden's picture

No,  fuck only those areas where the EU adds value.

Thu, 11/06/2014 - 16:03 | 5420838 BandGap
BandGap's picture

 

They should just think of Kate Upton's titties.

 

Thu, 11/06/2014 - 16:13 | 5420888 Titus
Titus's picture

Try Monica Belucci if you really want to distract them. She's pure sex. Kate Upton ain't got nuttin on Monica.

Thu, 11/06/2014 - 16:45 | 5421038 Calmyourself
Calmyourself's picture

MB +100

Fri, 11/07/2014 - 13:04 | 5424057 TheReplacement
TheReplacement's picture

Meh.  Neither one turns this crank.  Kate Beckinsale on the other hand...

Thu, 11/06/2014 - 16:19 | 5420919 Berspankme
Berspankme's picture

Mr Farage has been quiet lately. What has happened to him?

Thu, 11/06/2014 - 20:15 | 5421852 cherry picker
cherry picker's picture

The NSA or English equivelant got dirt on him and let him know it.  Doesn't matter what it is, he doesn't want that skeleton out of his closet.

We will get some stand up people running things, those who don't care if the world sees the mistakes they made but are running on principle and the fact they learned from their experiences.

Thu, 11/06/2014 - 23:02 | 5422360 stilletto
stilletto's picture

Nigel Farage is campaigning in a UK by-election to get another UKIp member elected to UK parliament. So he is focussed on regional UK politics at the moment.  He doesnt need to talk about the EU and international issues as the muppets in Brussels are making such arses of themselves daily that they are turning the public against the EU empire without Nigel doing anything. Like this exposure of the continuing waste and fraud that is the EU empire. Their demand that UK pay another 2 billion to them to cover there waste on the basis that their is more drugs and prostitution in the UK - all unmeasured and guessed at. But because gansters are raking it in without paying tax the EU says UK taxpayers should pay them 2billion so they can build more palaces, buy more private jets and hold more parties for the criminal EU elitists. I hope the Brussels protesters erect a guillotine in the square and march the EU bureaucrats up the scaffold.

Si Nigel need do nothing. The UK will leave the EU as it reveals its evil corrupt communist heart for all the public to see.

Fri, 11/07/2014 - 02:18 | 5422710 Whelk
Whelk's picture

Focusing on the coming general election and fucking with the big three parties big time.

He has 2 defectors (one elected one yet to be judging by opinion polls) and has risen to 20% in the polls and will hold the balance of power in the parliament and will do a confidence and supply deal with the conservatives or labour (doubtful).

Some intersesting results from UKIP, and statements from UKIP.

http://www.theguardian.com/politics/2014/oct/12/ukip-surge-balance-of-power-britain-poll

The Ukip leader insisted that the ‘bad guys’ were being replaced by ‘even worse guys’ and said action in Libya had been Mr Cameron’s biggest mistakes.

http://www.dailymail.co.uk/news/article-2822869/Ukip-fire-Mark-Reckless-says-dictator-Colonel-Gaddafi-good-immigration-didn-t-allow-boats-North-Africans-travel-Europe.html

 

http://www.telegraph.co.uk/news/politics/ukip/11210073/David-Cameron-wont-rule-out-Ukip-deal-in-hung-Parliament.html

Ukip accused Labour of "sacrificing the innocence of children" to the "altar of multiculturalism".

http://www.independent.co.uk/news/uk/politics/ukip-conference-nigel-farage-claims-rotherham-child-abuse-scandal-was-direct-result-of-labour-policies-9758472.html

No matter how much they get branded "waycists" for not wanting to be overun by low skilled immigrants or jihadi's on behest of rich liberals; it makes not a jot of difference to the ignored indigenous working class who have had enough. 

Read the angry comments on this!!  On the British Bullshitting Corporations website!!!!

BBC Disconnected generation ready to make Westminster pay

 

 

 

Fri, 11/07/2014 - 07:27 | 5422942 piratepiet
piratepiet's picture

Belgium uses almost no Russian gas.  45 people upvoted you ?

Fri, 11/07/2014 - 07:42 | 5422956 XXL66
XXL66's picture

Even worse, they buy it from neighbouring countries, who buy it from Russia, you dumbass.

Like they sell their real-estate to rent it back under ridiculous terms under Minister Konijn.

Fri, 11/07/2014 - 13:42 | 5423655 piratepiet
piratepiet's picture

According to the European Commission, the share of Russian gas in natural gas in Belgium in 2006 was 5 percent.

Document : 

http://eur-lex.europa.eu/LexUriServ/LexUriServ.do?uri=SEC:2009:0978:FIN:...

look on page 65.

The "source of natural gas" as indicated is most likely the country where it was extracted in the first place.  

For Germany for instance on page 69 you find under source of natural gas : 36 percent Russia, 19 percent Netherlands, etc...  

I hope you learned something.  Or provide sources that prove me wrong. ( yes the source is a bit old, but I think I have seen similar figures elsewhere recently so I think it has not changed a lot )

Fri, 11/07/2014 - 07:39 | 5422957 LULZBank
LULZBank's picture

Just say anything Russia or PM positive and you can get atleast a dozen upvotes easily.

Fri, 11/07/2014 - 13:33 | 5424155 piratepiet
piratepiet's picture

I care about truth more than about upvotes.

Thu, 11/06/2014 - 15:52 | 5420770 JustObserving
JustObserving's picture

found that £109 billion out of a total of £117 billion spent by the EU in 2013 was "affected by material error”

Really?

$3 trillion went missing at the Pentagon on the day before  9/11 and no one has heard any explanation yet.  But a material error in relatively small spending in Europe explains the troubles in Europe?  Must be American Exceptionalism.

Thu, 11/06/2014 - 15:54 | 5420791 Winston Churchill
Winston Churchill's picture

A rabbi was in charge of the Pentagon funds.

He swore it was kosher expenditure.

Say no more.

Thu, 11/06/2014 - 16:12 | 5420883 Winston Churchill
Winston Churchill's picture

Hey downvoters, make a rebuttal. Those are facts.

Hope its snowing in Tel Aviv today.

Thu, 11/06/2014 - 16:14 | 5420897 JustObserving
JustObserving's picture

Fuck the downvoters.  Wear them as a badge of honor for speaking the truth.

Thu, 11/06/2014 - 16:31 | 5420979 Haus-Targaryen
Haus-Targaryen's picture

I love my down voters.  My favorite all time post here was when I got over 400 downvotes on a single post.  

Thu, 11/06/2014 - 16:49 | 5421052 Calmyourself
Calmyourself's picture

Winston your just as critical of muzzies right?

"how dreadful are the curses which Mohammedanism lays on its votaries! 
Besides the fanatical frenzy, which is as dangerous in a man as hydrophobia
in a dog, there is this fearful fatalistic apathy."...  WC

Thu, 11/06/2014 - 17:29 | 5421233 bbq on whitehou...
bbq on whitehouse lawn's picture

A wolf is a wolf even if its not eating your sheep.
-Vincent the robot.

Thu, 11/06/2014 - 16:41 | 5421022 Monty Burns
Thu, 11/06/2014 - 15:50 | 5420773 Stoploss
Stoploss's picture

Send them all to fight ISIS.

That's how you fix that shit.

Thu, 11/06/2014 - 17:24 | 5421211 LFMayor
LFMayor's picture

cheaper to just wait. Isis will come to them and they won't have to waste the fuel!

Thu, 11/06/2014 - 17:41 | 5421277 TBT or not TBT
TBT or not TBT's picture

Quite a lot of EU "youths" fight for ISIS.  

Thu, 11/06/2014 - 15:53 | 5420776 deeply indebted
deeply indebted's picture

Too much debt? But debt is money.. Oh, wait...we're fucked, aren't we?

Thu, 11/06/2014 - 15:51 | 5420778 Winston Churchill
Winston Churchill's picture

Bribery and corruption are always in fashion.

Wheres Ghordius ?

Thu, 11/06/2014 - 16:14 | 5420894 smacker
smacker's picture

"Wheres Ghordius ?"

ha-ha. You took the words right out of my mouth(!)

Thu, 11/06/2014 - 15:59 | 5420792 medium giraffe
medium giraffe's picture

Meanwhile, the UK just recieved a bill from the EU for 2.1B Euros to pay for all of this fraud, playing straight into the hands of the UK Independence Party.

It's dead, Jim.

Thu, 11/06/2014 - 16:31 | 5420978 RaceToTheBottom
RaceToTheBottom's picture

Germans might not be too happy either.

Thu, 11/06/2014 - 15:59 | 5420805 TomB
TomB's picture

I'm not sure about Wallonia (French speaking part of Belgium) but in Flanders (the Dutch speaking part of Belgium) most people are against these protests. Most of these protesters are government workers, left-wing students, jobless people, and scum who like to riot. Most people realise things need to change after decades of socialist governments.

Thu, 11/06/2014 - 16:07 | 5420860 COSMOS
COSMOS's picture

I always get suspicious when someone is dismissive and tries to paint a crowd as left wing scum.  Perhaps the scum lie in Flanders PUNK.

Thu, 11/06/2014 - 16:21 | 5420930 TomB
TomB's picture

If you didn't noticed I placed commas between the different groups I was describing. The couple of hundreds of people who vandalized buildings, set cars on fire and injured cops are scum.

Other than that this whole thing is primarily orchestrated by the left wing. They are pissed they got kicked out of the Flemish and the federal government.

Thu, 11/06/2014 - 16:11 | 5420880 drendebe10
drendebe10's picture

,,,, sounds like a democrap party in belgium...

Thu, 11/06/2014 - 16:56 | 5421086 MrSteve
MrSteve's picture

Are the many men in orange shoulder-bib jackets sanitation workers?

Thu, 11/06/2014 - 17:15 | 5421131 TomB
TomB's picture

The orange jackets are dock workers, they're part of the 10% private sector protesters in this rally.

Thu, 11/06/2014 - 17:06 | 5421134 Jean Lazard de ...
Jean Lazard de Rotschild's picture

nope, they work in the port of antwerp

Thu, 11/06/2014 - 18:51 | 5421563 123dobryden
123dobryden's picture

Unfortunately, its the most people that are always wrong

Thu, 11/06/2014 - 15:58 | 5420808 starman
starman's picture

Hm Belgium ha? Where did I hear that name before? 

Thu, 11/06/2014 - 16:48 | 5421045 Bankster Kibble
Bankster Kibble's picture

Belgium, man, Belgium!

 

 

(wow, made it thru the filters)

Fri, 11/07/2014 - 01:02 | 5422671 StychoKiller
StychoKiller's picture

Most Earthlings that use that word don't know what it means! :>D

Thu, 11/06/2014 - 15:58 | 5420813 saints51
saints51's picture

Let me hide my face but show all the tattoo's on my arm so I can be identified later.

Thu, 11/06/2014 - 16:10 | 5420872 drendebe10
drendebe10's picture

LMAO

Thu, 11/06/2014 - 16:00 | 5420819 Jean Lazard de ...
Jean Lazard de Rotschild's picture

Useless pricks, let me walk 40 minutes to my job because the metros werent running.

A bunch of entitled people who want 40 days of holiday a year and retirement at 55 years old. Nevermind my generation has to pay for it.

Young worker in brussels

Thu, 11/06/2014 - 16:02 | 5420829 kowalli
kowalli's picture

you can tell now - same thing happen in Ukraine, wait for the next=)

Thu, 11/06/2014 - 16:18 | 5420870 Sudden Debt
Sudden Debt's picture

You're a moron.

First of all, you where warned in advance. The fact that you had to walk and forgot to take the day off just shows you're a retard.

Second, most people have 37 to 40 days off. If you don't have it just means your job sucks. Deal with it and look for a good job.

The retirement age just went to 67 and they don't expect you to work untill 67, they expect you still to stop working at 55 but with a way lower wage.

You don't deserve a pension if you're not willing to fight for it and when even a 40 minute walk is to much for you, you should be bitchslapped and thrown on the streets.

You fucking moron!

And I'm a independent guy with his own company. I pay for all this shit and I don't have a problem with it.
I just have a problem with morons like you who EXPECT to have a pension later by doing shit for it.

The problem with europe is that half of the people doesn't pay taxes, the politicians are crooks and the youth is dumb and lazy who needs a kick in the but and their thumbs cut off so they can't keep texting all day!

You had to walk for 40 minutes...

You lazy fat ass! Walking is good for you!! You have to do that EVERY day!!

Thu, 11/06/2014 - 16:26 | 5420921 Jean Lazard de ...
Jean Lazard de Rotschild's picture

Wow gratuitous insults, how substantiated. I am a young worker in my first year so i dont have leave yet. I have a very good job so dont make stupid assumptions about what i do.

I did the 40 minute walk, learn to read. Im quite sure you dont walk to work either so dont be a hypocrite. I dont expect to get a pension ever so for me it doesnt matter, but for the people around me.

Fight for it? Fight for what? Protesting doesnt get the bills paid.

Doing shit? I contribute to society and i dont call people names. And as an employee im quite sure i am paying a higher tax rate than you, so dont give me that bullshit, independents in belgium are notorious for dodging taxes and I know so since i come from a family full of em.

I hold a masters in economics and have a white collar profession at an industry leading firm. so zip it, i could be gone to singapore before you even know it

Thu, 11/06/2014 - 16:29 | 5420958 Sudden Debt
Sudden Debt's picture

THAN GO TO SINGAPORE!

Everything there is is build by people who faught for it before you where even fucking born!
It's your first year you're working, you're contributing shit so far! We'll see in 5 to 10 years from now!
It's young kids like you who should be in the streets kicking ass!
But you don't want a dirty shirt...

You don't expect anything later?
So why are you paying taxes without doing anything about it?

And a tip? Go to Singapore anyway, you're still young and there's the future.
In 5 years from now, that door will close.

Thu, 11/06/2014 - 16:37 | 5421006 Jean Lazard de ...
Jean Lazard de Rotschild's picture

Well my advice would be for you to improve your english first than= then, faught= fought. Anyways just being a grammarnazi here.

Why would i protest against measures which are putting the country on the right path to sustainability? Kicking ass in the street? Please, our generation is way too small and we live in a democracy which basically means that the young generation has no political power. The generation in the 60s was the baby-boomers who were a way more sizeable % of the population, hence any parallel with that is a red herring.

Why I pay taxes and do nothing about it? Simple. I need 3-5 years of experience to get a good job abroad, not a bullshit job serving drinks, a real job. Hence I am earning my stripes to be employable somewhere else. Long gone are the days you go to one of these countries and get a good job as a grad, iv seen it with many people I studied with in Singapore, unless maybe you went to harvard.

Thu, 11/06/2014 - 18:36 | 5421502 william shatner
william shatner's picture

"Why would i protest against measures which are putting the country on the right path to sustainability? 

 

Haha! One day you'll uderstand kid, the point of no return has already been passed.

 

 

Thu, 11/06/2014 - 20:01 | 5421816 thestarl
thestarl's picture

A degree in economics thats the problem to many useless degrees and not enough pragmatic people with real skills.

Fri, 11/07/2014 - 07:47 | 5422968 XXL66
XXL66's picture

Please go to Singapore, but don't come back to Belgium when you retire or need medical care.

 

 

Thu, 11/06/2014 - 16:20 | 5420928 Jean Lazard de ...
Jean Lazard de Rotschild's picture

By the way i go to the gym 4 times a week and i dont like to get sweaty in a suit so what the hell are you even talking about.

Thu, 11/06/2014 - 16:31 | 5420977 Sudden Debt
Sudden Debt's picture

So you like to watch yourself in the mirror for a hour 4 times a week but you sweat if you have to walk for 40 minutes...

Ehe...

Thu, 11/06/2014 - 16:43 | 5421027 Jean Lazard de ...
Jean Lazard de Rotschild's picture

I do rowing and running, so no, no mirrors. You are awfully quick to judge but slow to think. I presume you go to the gym in a suit?

Thu, 11/06/2014 - 17:26 | 5421221 LFMayor
LFMayor's picture

now say "I fart in your general direction".

Thu, 11/06/2014 - 17:29 | 5421227 LFMayor
LFMayor's picture

You gonna take shit like that from that wine dranking french wannabe?  He said your tulip bulb beer tastes like English horse piss!

Thu, 11/06/2014 - 16:12 | 5420881 Payne
Payne's picture

Centrally planning has made promises it is not keeping,  it will be messy.  They have been promised hover boards to get to work.

Thu, 11/06/2014 - 16:46 | 5421041 Jean Lazard de ...
Jean Lazard de Rotschild's picture

Well yes, only difference here is that the general public is actually in favour of the policies being implemented and that this is a new government.

Thu, 11/06/2014 - 18:11 | 5421383 overqualified
overqualified's picture

So they want what their father and granfathers got at a far cheaper price while they are left with their bills only. Call them stupid.

Thu, 11/06/2014 - 16:00 | 5420823 Ness.
Ness.'s picture

As the stoked markets make all time highs.  <SMH>  They need to stop throwing rocks and start killing banksters.  

Thu, 11/06/2014 - 16:21 | 5420934 Berspankme
Berspankme's picture

"Fiat" markets at all time high. Quality of life- not so much

Thu, 11/06/2014 - 16:00 | 5420828 Madcow
Madcow's picture

Are you crazy??? Do NOT mess with bankers - 

We're talking about a class of people that rapes and kills prostitutes and stuffs them in suitcases ... and who's senior regulators run around raping hotel maids.  These aren't merely "central planners" but hardened sex criminals.  Don't piss them off !!!

 

Thu, 11/06/2014 - 16:02 | 5420837 kowalli
kowalli's picture

This will happen in USA in next 2 years.

Thu, 11/06/2014 - 16:51 | 5421064 Pinstripe
Pinstripe's picture

No it won't because Americans are docile pussies with short memories.

Thu, 11/06/2014 - 17:48 | 5421302 bbq on whitehou...
bbq on whitehouse lawn's picture

No because americans have guns and it wont be a peaceful protest it will be an armed revolt. When you have a gun you should think long and hard before you pick it up to end the world.

Its not like you can go back once you decide to end things the hard way. Its a vote you only get to make once so you best be ready to go all the way. Europe is just doing what it does when asking for moar. In the US things will just explode an thats something the upper crust just doesnt seem to understand, there is no where for them to run and hide from the people once they decide they have had enough.

When the checks stop its over for the world, not just the US.

Thu, 11/06/2014 - 16:04 | 5420840 reTARD
reTARD's picture

Taking selfies in front of a burning police motocycle. LOL.

Thu, 11/06/2014 - 16:08 | 5420864 Jean Lazard de ...
Jean Lazard de Rotschild's picture

just shows you how narcisstic and self-centered these 'protesters' really are

Thu, 11/06/2014 - 16:10 | 5420867 stewie
stewie's picture

Yeah that one is priceless.

Thu, 11/06/2014 - 16:52 | 5421068 Esso
Esso's picture

Not that I'm big on those iDooDad thingies, but there's something about that you just gotta like.

Thu, 11/06/2014 - 16:03 | 5420841 debtor of last ...
debtor of last resort's picture

When the last fruits of fiat are withdrawn, the end game is forced upon the elites by burning their paper games.

Thu, 11/06/2014 - 16:03 | 5420842 Joebloinvestor
Joebloinvestor's picture

The EU being the stupid fucking sheep that they are, should have seen the fucking nonsense going on when the "elite" rubbed their noses in "austerity" while having meetings about it in 5 star hotels and eating in 5 star restaurants.

Thu, 11/06/2014 - 16:04 | 5420844 Bell's 2 hearted
Bell&#039;s 2 hearted's picture

US media will clean it up a bit

 

"free water given to citizens of brussels today"

Thu, 11/06/2014 - 16:04 | 5420846 Son of Captain Nemo
Son of Captain Nemo's picture

No wonder the ugliest bitch in the IMF house was seeking refuge in Washington?!!!....

Thu, 11/06/2014 - 16:05 | 5420852 Sudden Debt
Sudden Debt's picture

Actually, it's going the other way

Luxemburg....

Files have been disclosed of all the super rich in Europe who are hidding their money there, hundreds and hundreds of billions of Euro's.
And they never paid a euro in taxes.

And that's going to go centerstage now.

Thu, 11/06/2014 - 16:05 | 5420853 reTARD
reTARD's picture

And only a few months ago, they were entertaining the masses with this: http://www.flowercarpet.be/

Thu, 11/06/2014 - 16:07 | 5420857 Platinum
Platinum's picture

The fire rises as the people begin to realize their own power. This is only going to continue to grow.

Thu, 11/06/2014 - 16:07 | 5420858 Bell's 2 hearted
Bell&#039;s 2 hearted's picture

"as the citizens of the non-Germanic European Union decry the 'austerity' they have been crushed by."

 

why germany will never relent to (full scale) "printing" ... comparatively (to germany) speaking these people are lazy bums

Thu, 11/06/2014 - 16:09 | 5420859 SmittyinLA
SmittyinLA's picture

There are 50 million Muslims in the EU most on welfare http://muslimstatistics.wordpress.com/2013/09/21/algerian-journalist-yah...

 

They cut welfare they burn, they're stuck and can't appropriate Russian stuff to make up the gap.

The EU is going down in flames 

Thu, 11/06/2014 - 16:34 | 5420990 Monty Burns
Monty Burns's picture

Whatever the Muslim figure is now it'll be twice that within a generation. Meanwhile the population of native Europeans will have fallen even in absolute terms. 

Thu, 11/06/2014 - 16:52 | 5420863 falak pema
falak pema's picture

Well  I wonder if they will find 10 000 to march in Luxembourg to protest the great tax evasion scam that country has been, especially since the crisis began, all organised under the premiership of current ECB head JC Juncker.

How can you be poacher and gamekeeper?  We should ask that to outgoing Barosso as to that scammer turned FBI weasel (to save his neck) on FIFA's dirty managemet board :  Mr Blazer !  (talk about blazing saddles).

I guess this is something that all Oligarchs of the West (GWB, Sarko, Mutti, Brown, Blair, Clinton, Greenspan, RR, Maggie, Bush Snr, and all those WS/City/WW financial Web shills they empowered), have to answer for.

No doubt in the after life (so they hope kicking the can);  as in this life all false bets are permitted! 

Thu, 11/06/2014 - 16:12 | 5420869 Lea
Lea's picture

People in the EU don't know about that embezzlement, because basically, there is no EU. There is a patchwork of countries separated from each other, with no common language and no common news outlet, and a shadowy, unlected bureaucracy at their top. Plenty of the people in these countries don't even know that whatever austerity measures are taken at home are also implemented in other EU countries. They think in national terms, don't understand that the UE neoliberal "economics" lead the whole of the EU or that their governments are mere puppets. And the local leading politicians make sure people don't understand: they only mention EU policies and the directives they have to follow when they have no other option. The people across Europe are only slowly, gradually waking up to the fact they have no local politics anymore, that it's all theater.

So, these European protests are all aimed at local governments, certainly not at the EU leaders.

Thu, 11/06/2014 - 18:00 | 5421357 overqualified
overqualified's picture

nobody gives a rat's sh*t about embezzlement: for the leftist/statist/keynesian crackpots it's a form of redistibution + QE. Just some oil needed to keep the scam going -and they want to keep it going, so they all want more of the same pork+debt. It's the Free Shit Party, so forget sanity.

Thu, 11/06/2014 - 16:20 | 5420924 semperfi
semperfi's picture

what will next crush the band of angry dissenters will be EBOLA

Thu, 11/06/2014 - 16:21 | 5420933 Oldrepublic
Oldrepublic's picture

The welfare states of Europe are most generous in their benefits. So good in fact are the benefits that many enjoy Winter holidays in various exotic locales.

Thu, 11/06/2014 - 16:29 | 5420965 Monty Burns
Monty Burns's picture

Correct. Despite the shenanigans by the EU fact is most EU countries don't raise enough tax to pay their bills.

Thu, 11/06/2014 - 16:29 | 5420967 PrecipiceWatching
PrecipiceWatching's picture

This too, is unsustainable Marxism.

Thu, 11/06/2014 - 16:26 | 5420948 Mike Masr
Mike Masr's picture

Putin should build a new wall to keep all these EU morons out when it all implodes on them!!  Remember what Victoria Nuland said, "Fuck the EU"

Thu, 11/06/2014 - 16:31 | 5420969 localizer
localizer's picture

EU is becoming a total farce. I seriously doubt the sustainability of this union... there's just too many different countries and interests that it will never work, the unity is BS. The EU actually made a massive mistake poking the Bear at this point in time - the Ukraine and Russia might as well turn into EU's downfall. Too many people already popping up on the streets all over the place - just today we see Brussels, Paris, London... this is not just Greece or Spain.

Thu, 11/06/2014 - 16:30 | 5420971 AdvancingTime
AdvancingTime's picture

God help me for saying it, but "austerity" is being given a bum rap. Austerity is a term that recently has been given all kinds of negative connotations because it is often painful. Economic growth tends to mask a multitude of problems, in economics austerity refers to cutting spending often by lowering and reducing the amount of benefits and public services.  Austerity policies are often used by governments to try to reduce their deficit spending.

Spending cutbacks are sometimes coupled with increases in taxes in an effort to demonstrate long-term fiscal solvency to creditors.  It is easy to point your finger at measures taken to reduce runaway or wasted spending and blame them for creating a reduced spending spiral but that is unfair. More on how Austerity has been given a bum rap in the article below.

http://brucewilds.blogspot.com/2013/04/austerity-is-being-given-bum-rap....

Thu, 11/06/2014 - 16:37 | 5421003 Lea
Lea's picture

"It is easy to point your finger at measures taken to reduce runaway or wasted spending and blame them for creating a reduced spending spiral but that is unfair."

No, it's not. Every time austerity measures have been implemented - and I'm talking as far back as the thirties in Europe - it's ended up in recession.

Thu, 11/06/2014 - 16:52 | 5421072 Clowns on Acid
Clowns on Acid's picture

You are 1 dumb fuck. "Austerity" is not an accurate word when the EC countries are running at 90 to 100% of Debt / GDP.

Force the Gov't to spend less by cutting taxes and regulations and put more $ or EUR in the hands of the people rather than politicians. That has been te plan for sucess ... see Hong Kong.. see other parts of Asia.... you dumb fuck.

Thu, 11/06/2014 - 16:41 | 5421004 Bankster Kibble
Bankster Kibble's picture

In another case, the commission handed out £1.4 million in funding for social development in Moldova “for which no underlying expenditure had been incurred”.

 

Funding for social development is code for "we tried to get the Moldova government signature on an EU agreement and when they balked we spent money on . . . "  and the commission REALLY doesn't want to admit what they spent that money on, but it was probably funding for the next color revolution.

Thu, 11/06/2014 - 16:48 | 5421044 tedthecanuck
tedthecanuck's picture

  The real austerity comes when other people's money runs out.  The corruption and waste that is present does not help the situation, but distributing money to the unproductive eaters is not sustainable.  Things will be unpleasant when there is no more money to give away.  

Thu, 11/06/2014 - 17:22 | 5421203 Nondrone 99
Nondrone 99's picture

Unproductive eater? Who is going to decide who or what an "unproductive eater" is? Are you nominating yourself because you know what the lives of individual humans are "worth" or because you are hoping to avoid being designated an "unproductive unit" by somebody else who might not put as high a value on your "product" as you do?

Thu, 11/06/2014 - 17:29 | 5421235 LFMayor
LFMayor's picture

well, I'd put even money on shit that Mao said.

Something about true power coming from....  where was that again?

 

Thu, 11/06/2014 - 19:25 | 5421469 tedthecanuck
tedthecanuck's picture

Ahh, therein lies the problem.  I define an unproductive eater as an indivdual who consumes resources but whose activities do not contribute wealth to the system in a meaningful way.   I am certain it would be wonderful if it was possible to support everyones existence by the largesse of the state, but such a condition is not sustainable.  I don't know what the value of individual lives are worth, however I would rather give out less money and have everyone be mad at me than have a total systemic collapse with the resulting wars and mass starvation.   

Even if you are unemployed, that does not lessen your value as a person. An individual requiring assistance from the government is sustainable.  It is when the load becomes too great that the system falls apart.

Edit: the system, not they system

Thu, 11/06/2014 - 19:52 | 5421741 medium giraffe
medium giraffe's picture

'The system' is the very reason such unproductivity is able to exist at all.  If there was no 'system' there would only be personal responsibility or hunger.  People might start behaving like responsible adults rather than children hoping Daddy will lead the way and keep the nasty men away.

This system of yours sounds ghastly.  Full of judgemental little bleaters, too scared to think for themselves, demanding that others have their sovereignty forcibly denied.  A system that should steal money from all of those 'other' 'bastards' and spend it on the things that you want (you did remember to vote, right?).

Then one day, you buy a house, find a corpse in it, and wonder how the fuck anyone could just be forgotten by 'society'.

"I define an unproductive eater as an indivdual..."

At least they have that going for them.

 

 

Thu, 11/06/2014 - 21:12 | 5422039 tedthecanuck
tedthecanuck's picture

Yes, it would be great if everyone could be responsible and not rely on handouts.  I'm not really such a fan of having a great deal of my income confiscated.   I do understand that shared resources have to be paid for.  

The question is, what do you do with people that are unwilling or unable to take care of themselves?  If you recognize that people are individuals, there is a social resposibility to take care of them.  At a certain point, some feel like they are entitled to income for doing nothing.  Even a reduction (as the Belgian government is proposing) leads to riots.  It would be nice if there was a way to support people that needed help without spending other people's money, or at least spending it in a sustainable fashion.   Providing time and money to groups that assist others can help, but the problem is too big to solved by charities.  

I don't have (or claim to have) a better solution, but I think that spending more than you bring in is not infinitely sustainable.   No government support at all means that some people will freeze or starve.  Even if the system is ghastly and does things you do not agree with, it performs some of the tasks required to keep society going.

As far as purchasing houses with corpses in them, I should hope that would have come up some time in the inspection process.   Sometimes those option ARMs are too much for the buyer.  A lower bid is in order.

Thu, 11/06/2014 - 21:22 | 5422054 FredFlintstone
FredFlintstone's picture

How about large camps with bunk beds and common showers? Separate buildings for men, women and then families? There could be some pay phones some buses to get to and from town and a mess hall. If you need to or want to live off others then this is the place for you. Maybe you need to get back on your feet. Kind of like numerous, large homeless shelters.

Get rid of Section 8, EBT, etc.  

Thu, 11/06/2014 - 21:39 | 5422118 medium giraffe
medium giraffe's picture

We lived for thousands of years without centralised government.  Look at how we treat our elderly.  Look at how aboriginal cultures treat theirs. 

The system is a lie, and it lies about its necessity.  Our whole species, including the many different sub-species of humans that we share this planet with and belong to, emerged at least 120,000 years ago (and probably much much longer). We wouldn't be here if we couldn't survive and prosper without systems of governemnt.  Infact, it's only since those systems have been in place that we have started circling the drain. 

120,000 years, and only 3000 or so to fuck it up.  The system is excellent at what it does, but what it does is not what you have been led to believe.

Thu, 11/06/2014 - 19:13 | 5421647 FredFlintstone
FredFlintstone's picture

I will decide! Sounds like a great position.

Thu, 11/06/2014 - 16:49 | 5421058 22winmag
22winmag's picture

Central government houses of cards must burn !

Thu, 11/06/2014 - 16:53 | 5421078 I Write Code
I Write Code's picture

Corruption is what kills any centralized system.

Someone said power corrupts - money corrupts ten times faster.

Thu, 11/06/2014 - 17:10 | 5421151 gatorengineer
gatorengineer's picture

Do you take a riot break to pray to Mecca?  If so do the police respect it?

Thu, 11/06/2014 - 17:25 | 5421213 Jacksons Ghost
Jacksons Ghost's picture

The FSA in Belgium gone crazy?  Or did they found out that they are the #3 holder of US TBonds?

Thu, 11/06/2014 - 17:33 | 5421246 venturen
venturen's picture

pictures of Obama Socialistic paradise! Nice! Let's Hope this is Wall Street soon!

Thu, 11/06/2014 - 17:50 | 5421318 trader1
trader1's picture

from that no good reddit site:

https://www.reddit.com/r/worldnews/comments/2libue/brussels_burns_as_mor...

Roznak:

This protest has nothing to do with the EU.

It is an internal Belgian affair of their government trying to raise even more taxes, reduce the welfare below the EU poverty limit and make people work until they drop dead. While the Rich people get even more rich.

What is happening here is the start of a revolution of people that are already suffering and must suffer even more because of taxes. While the very rich that becomes even more rich. We have seen this happening before, in Kiev 1 year ago.

And to make it worse, the Belgians just discovered that the richest families in Belgium and the biggest Belgium companies (including the telecom Belgacom) did a tax evasion in Luxemburg.

 

Thu, 11/06/2014 - 18:15 | 5421398 WTFUD
WTFUD's picture

GOLDEN SHOWER SHAKES AND DRUG FUELED CRAZY HOOKER FUCKATHONS = 32 Billion Euros The rest the EEEUUUUU wasted.

Thu, 11/06/2014 - 18:28 | 5421462 JuliaS
JuliaS's picture

And how many bankers were hanged that day?

I thought so!

Thu, 11/06/2014 - 18:34 | 5421488 Tortuga
Tortuga's picture

RICO all banksters and their political hores. Everywhere.

Thu, 11/06/2014 - 18:38 | 5421501 limacon
limacon's picture

The Cartel is chicken scared and running for it's life .

Godzilla is coming stomping out of Japan 

 

Chickens coming home to roost .

Maybe just dinosaurs 

Think positively .

http://andreswhy.blogspot.com/2014/10/dinosaur-death-by-dwarfism.html

 

On the other toe , 

Wait a bit . 

This baby is still live and kicking .

No need to bury a lethargic economy .

Just give a kickstart , starting with the politicians .

And it does not need a stimulus now the little monetary tiff between Japan and US has ended (sort of)

This is good !

Taking in each other's washing is working .

See

https://www.academia.edu/9160541/Laundry_Economics_

or

http://andreswhy.blogspot.com/2014/11/laundry-economics.html

Thu, 11/06/2014 - 19:08 | 5421630 frankly scarlet
frankly scarlet's picture

let them eat cake was followed by Madame Guillotine ...don't the rich understand that if they don't share the game will get very nasty all the way around and heads will roll?

Thu, 11/06/2014 - 19:12 | 5421648 mjk0259
mjk0259's picture

That is only 300 per person and far less than the US wastes on wars.

Thu, 11/06/2014 - 19:23 | 5421692 WorkingPawn
WorkingPawn's picture

I say let them eat fried chicken...after they vote of course.

Thu, 11/06/2014 - 19:32 | 5421716 honestann
honestann's picture

Like everywhere else, the predators-that-be have been stealing revenues (and borrowings) like drunken sailors for years.  If humans had ANY brains whatsoever, they would lynch everyone who worked for government for the past 100 years, especially "leaders".

But humans are too brainwashed by 12~20 years of "school" to understand what has been done with them.  They continue to play the disgusting game of "Simon sez", where Simon is everyone who calls themselves "government", and everyone else does what "Simon sez".

If any alien anthropologists have been orbiting earth for the past few decades or centuries, they have to be shaking their heads in stunned disbelief at how insane humans are.

Thu, 11/06/2014 - 19:58 | 5421797 q99x2
q99x2's picture

They should not complain about purchasing US bonds so that Yellen can go up my FAFSA; so I can study Shakespeare. My professor is from Harvard and he believes in globalism and Keynesian economics. That's right. Obama going to take of us with the Belgian rioters money bitches. He is going to buy weapons for the DHS and caskets for the ebola. He's going to turn the media into a propaganda machine against the American people, merge Mexico with the US and Canada and go golfing thanks to the European Union and the central banking system. He's a globalist. That's what globalists do.

Thu, 11/06/2014 - 23:24 | 5422433 Tachyon5321
Tachyon5321's picture

 

 

Krugman wants the governments to dig big holes in the ground.  That way everyone can jump in then cover it up with dirt.

 

 

Fri, 11/07/2014 - 13:44 | 5424204 much obliged
much obliged's picture

How do you tell Europe (not that it's any of my business but I don't want rioting happening here) to do the right thing and take back their homes from central Oligarchs, refute the tenets of Karl Marx & Maynard Keynes and look to success stories such as tiny Singapore? That's only half the argument. You could make the same success story for socialist Sweden. If you look closely, the success story is about smaller groups deciding and being responsible for their own destiny.

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