Friday saw the largest demonstration in the history of Barcelona with 1.8 million people showing up, exceeding all previous records, calling for Catalan independence... and as Deutsche Bank warns "Catalonia matters!" seeing four key scenarios.
UPDATE:*BARCELONA POLICE SAY 1.8M PEOPLE AT PRO-INDEPENDENCE DEMO
The Spanish government is militarizing, gearing up for violent protests against the EU that are expected to turn up before a hot autumn. Spain is now equipping the police with over one billion million euros with new combat equipment. Opposition leader Antonio Trevin called the purchase therefore “a return to the times we would rather forget.” The Interior Ministry has responded merely justifying their rearming as necessary - “because of the current social dynamics”, reports the Guardian. Simply put, Spain is moving toward civil war.
The justification for war has been escalated where NATO now considers it legitimate to respond to a large-scale cyber attack on a Member State with military force. The argument has been the threat of a massive cyber-attack upon the international financial markets that would cripple the international capital flows placing the economy at risk. Such a danger is actually the modern version of counterfeiting an adversary’s currency to disrupt its economy by undermining the currency thereby creating inflation and economic war.
"The entire problem we face going ahead stems from the very idea of Karl Marx that government is capable of managing the economy either through communism or autocratic-socialism where the state dictates to the economy under the pretense of caring for the people, that has truly become a derivative of fascism where the state comes first."
Simply put, "Savers are being exploited by government under the pretense of managing the economy."
"Ferguson is a flash-point. Justifying the shooting is irrelevant. This is no longer a race riot, it is being seen worldwide as war waged by military troops pretending to be police and this crosses the line for that same level of force will be used against white protesters when the economy turns down. The goal is to be so harsh and cruel, like in Donetsk, anyone who disagrees better not show their face."
With all the world's eyes firmly focused on Ferguson, Missouri; we thought the following clip from a Swiss soccer match would provide some context for what is possible...
"We seem to be headed for such a fateful turn. We are approaching a serious turning point that may reshape the world as did 1932 following the economic trend of the Great Depression. We are witnessing the collapse of democracy."
The riots and looting that erupted in Ferguson is symptomatic of something much more worrisome in America. This is a problem that is brewing and is extremely dangerous to say the least. The killing of this black teen is not simply racism. The problems are much deeper. Claiming this is just racism deflects the entire issue and makes it simply black-v-white. This is something far more serious for it is impacting our entire society. The police are being transformed from protecting the public into protecting government from the public. Most do not even see what transformation they have gone through.
The West's leaders are full of lawyers, Putin is ex-KGB. If ever there was an example of him playing chess while the West plays checkers, the following chart is it. Despite Western protestations that its sanctions will hurt Russia more than Europe this morning, one look at Europe's huge net trade balance with Russia for food and it's clear who is really going to feel the pain. As Martin Armstrong noted previously, "Putin has responded to [Western] sanctions as any really smart chess-player would - you get the supporters of your adversary to jump-ship." What better way to crack the 'stop-Putin' alliance than to force Europe into trade deficits and squeeze their economies (especially Germany)?
For the second time this year, Italy experienced a slump of its gross domestic product by 0.3% year on year. The economic data is so bad that Italy's economy is the smallest in 14 years. The advantage of Italy and its legendary corruption has been its equally inefficient government that has allowed the people to just ignore it and get along with life in the real world of the underground economy. The solution for Italy? The politician’s dream. Brussels want to take away the right of the Italian people to vote on anything meaningful. Italy is where the Republic was born. The land that had inspired the American Revolution against monarchy is now itself surrendering the last vestige of democratic process yield to the growing tyranny of Brussels under the pretense of saving the Euro.
"Obama should just resign. He is outrageous. He supported the NSA and has claimed the CIA does not spy on Congress. Well, the Inspector General has released his report and oops – yes the CIA spies on Congress. Obama has used the NSA, IRS, and the CIA to attack everyone. These people behind the curtain are the unelected. Obama is either a stooge or part of the real danger to the survivability of our nation long-term."
Nouriel Roubini, Kyle Bass, Hugo Salinas Price, Charles Nenner, James Dines, Jim Rogers, David Stockman, Marc Faber, Jim Rickards, Paul Craig Roberts, Martin Armstrong, Larry Edelson, Gerald Celente and Others Warn of Wider War
The trend of the end of the dollar hegemony continues to slowly creep through the world's financial systems (no matter how many mainstream media 'king dollar' stories we see). The Swiss National Bank and the People’s Bank of China reached a currency swap agreement this week. While this is not a huge trend changer in the near-term, it demonstrates the continued rising roled of China as the largest economy and to be the next financial capital of the world when Europe and the USA blow themselves apart with defaulting socialism.
Working for the government was always pitched as somehow being better guaranteed than risky private corporations. However, the problem with government pensions has been they promised whatever sounded nice, with zero accountability. The presumption that tax revenue was an endless pit is one of those fallacies that nobody ever investigates. The ramifications of what happens in Detroit will ripple through the entire debt structure nationally for if this will be the new game plan to follow, why should people buy any government debt whatsoever if not even bankruptcy laws apply? As we said – he who makes the laws never goes to jail for breaking them.
This idea that we live in a world where government cares about us is just the biggest propaganda ever. Everyone one will only pursue their own self-interest. The OECD has interesting come out and warned that if governments are unable to stop the transfer of wealth to a small financial elite, the displeasure of the dispossessed middle class could easily turn and go against the prevailing governmental systems.