They did it again. This time it is Spain – or rather, Spanish banks – which are getting a 100 billion Euros bailout in exchange for a wide and comphensive program of austerity measures by, no, not the Spanish banks, but the Spanish people.
You got to admire the brazen arrogance of this system.
First, the banks screw the people, then the international plutocracy makes it a condition to further screw the people before bailing out the banks (and not the screwed people, of course!)
And the entire Establishment and its lapdog corporate media try to out-compete each other in not seeing the obvious solution: to nationalize the banks, criminally prosecute their administrators and, possibly, shareholders, and jump-start the economy by bringing down unemployment.
First there was Greece, then Ireland and Portugal. Now Spain is next, possibly followed by France. Have the Europeans really forgotten that one definition of insanity is doing the same thing over and over again while expecting different results?
The Saker
Yeah, I’m either short, or in cash, as our Creditanstalt moment approaches, and no FDR anywhere in sight. In fact, the suspicion grows that western politics have been arranged with some skill specifically to exclude the possibility of another FDR.
Our bankster overlords have been busy the past 40 years.
Richard Murphy of Tax Justice Network on a possible solution to the European crisis
http://www.taxresearch.org.uk/Blog/2012/06/08/there-is-a-way-out-of-the-eurocrisis-and-this-i-suggest-is-it-long-and-maybe-wonkish/
Needless to say it will not happen. The political elite in Europe are totally in thrall to neoliberal orthodoxy and short of a mass insurgency by the people of Europe they will continue to serve the banksters.
Damn posted under the wrong article that was meant to be a reply to Sean on the homosexual thread could you transfer it there please Saker cheers.
@Robert: sure, no prob. Done :-)
This being said, I wonder whether it makes sense to reply to Sean. In his case the “don’t feed the troll” approach might make more sense. Think about it: his posting style is one of an adult, not a kid or teenager, and yet his attitude is one of absolute intellectual dishonesty and bigotry. So this is not ignorance, but straightforward trolling, I think. When he posted that link to the SS as parading Christians it really hit me that trying to reason with him made no sense at all. Besides, what is the point of arguing with somebody who just does not even have an instinctual, common sense, type of realization that “man” with artificial breasts and feathers have some pretty severe personality disorders. Whatever may be the case, Sean clearly has issues which he addresses by his trolling here, at which point he defeats the very purpose of this blog: to have *intelligent* discussions. I mean, hey, I am not gonna ban him or stop his posts, no matter how illiterate and confused his posts are, they are opinions and I will never censor anybody on the basis of his/her thoughts. I just don’t remember the last time a post by Sean resulted in an intelligent discussion. Mostly, all we get is sidetracked into some utterly nonsensical efforts in demonstration truisms or debunking complete baloney. What’s the point, really?
My 2cts only, feel free to keep trying :-)
Cheers,
The Saker
The peoples of Greece, Ireland were given the opportunity to vote for or against the austerity measures. They voted for, Ireland voted against. As in the state of Wisconsin, USA, the people voted for austerity.
You post a picture of a handful of scantily dressed people at a Gay Pride parade and offer it as proof that gay people everywhere are mentally ill. I counter this with evidence based on actual studies rather than self-serving assertion and provide links to the studies but my posts are examples of “absolute” intellectual dishonesty and “bigotry”
That is truly amazing hypocrisy, and fools no fair-minded person.
This isn’t the first time you have responded to posters who disagree with you here with childish comments, ad hominems and accusations of trolling. This isn’t the first time I’ve called you on it, either. I’m “sad” to say this is your default response more times than not.
You trumpet your free speech credentials but you try to stifle debate here with ridicule and childish “LOLs” like this is Facebook or Youtube. If you want to cheapen debate on your own blog in this manner feel free but don’t lay the blame at my feet.
https://thenextrecession.wordpress.com/2012/06/10/spain-a-bailout-but-no-bail-in/
this blog (above) is very good. some posts are a bit technical, but the author has been correct in his analysis.
also, this book (below) is by far the best book on the nature of the crisis:
http://www.amazon.com/Global-Slump-Economics-Politics-Resistance/dp/1604863323
very well written, strongly analytical, and politically engaged on the side of mass resistance, this book makes sense of why the crisis seems so intractable.