Spain now officially back in recession. DOUBLE DIP!

When will they admit the truth?

We're in a global depression.

No one ever emerged from the 2008 collapse. They just printed money!

Last Edited by Always Looking on 04/30/2012 01:17 PM

we need some kind of doom to wake the fucken world up.

this is just insane.

im not sure if the printed it.
i think the only created e-cash.

if there was more real papermoney around we'd feel the inflation.

but NOTHING!

did you know that money M3 is not pulicy beeing announcedd anymore? for years now?

[link to www.wallstreet-online.de]

this shit will soon blow right into our face.

Last Edited by sacred soul on 04/30/2012 01:27 PM

We are poorer than we reallize. Americans are broke and indebted. Somethings got to give. They are attempting to medicate their problems away. We cant run from the problems forever. The truth hurts.

european central bank meets in barcelona.

spain suspends schengen agreement, closes borders, to avoid demonstrators to flock into the country from all over europe.

[link to translate.google.de]


this is only a real big JOKE!

DEMOCRACY????????

just a word!!!!!!

Last Edited by sacred soul on 04/30/2012 01:36 PM

Nothing was ever fixed. They only printed up more money and threw them at the banks and anyone else who was buds with those in power.

S&P crushes spanish banks.

downgrades from A- to bbb+.(2 stages)

[link to translate.google.de]


NOW SPAIN WILL HAVE EVEN MORE TROUBLE TO LEND MONEY FROM THE MARKETS.Where will they get it from?
the ESM will not be enough!

hahahahah!

EUROPE IS SO DOOMED!

i wonder if the german banks are holding any spanish government bonds?
i hope not!
else taxes are gonna rise or
mabee they will produce a new tax to save the eurozone?
for breathing or walking or driving by bycicle???

IDIOTIC FAGS!

CHINA will be very pleased with this.
they will buy everything at low prices.

Double dump-hole cocktail

true.

the problem is that even if the central banks provide money for ZERO PERCENT, the regular banks tell us that they do not take this money and press it into the economy.

well what if(because you can do that very easily with e-cash)
the regular banks DO PROVIDE credit to the economy without telling anyone hoping they could take out the money again in the future(also without anyone knowleding!)???????

THE ENTIRE ECONOMY WOULD BE A FARCE.

well thats just an idea.

what if they cant take the money out anmore for some reason?

hahahahaah.

that by the way would explain WHY MONEYAMMONT M3 is not for the PUBLIC anymore!

economy WHAT a BIG FAT LIE!

not to forget:

how many bad banks are there?
are they aknowledged by anyone?
parked probelms NOONE is able to solve?

Last Edited by sacred soul on 04/30/2012 02:18 PM

The Green industry sure ruined Spain big time... Many jobs lost...

and they keep hiding and lying.

heres what to come next:

since it looks like socialists in france will punch sarkozy out of the office, germany could not stay on it's path!
mr. hollande would BLOCK the shit out of us.

NOW:

FRANCE WILL DISSAPEAR AND WILL BE REPLACED BY......

...SURPRISE.....

ITALY!!!!!

[link to translate.google.de]

WELL WELL WELL.......

THE AXIS RETURNS!!!!!


same situation as of pre ww2.
just one slight difference.
today everything is GLOBALIZED.
want some protective measures for your economy???

forget it!!!!

youd have to OWN EVERY NATION that is part of your economy!
You'd have to OWN THE PLANET!

the economic stupidity is endless!

Last Edited by sacred soul on 04/30/2012 02:31 PM

AND THEY WONDER WHY FAR RIGHT EXREMISM IN EUROPE IS ON THE RISE?

[link to www.youtube.com]

OH C'MON!

Last Edited by sacred soul on 04/30/2012 02:43 PM

Any country that can suck back 100's of billions of dollars in multiple bail-out sessions within a year.. deserves to be liquidated.

as long as that country is part of the EU...no
liquidation possible.

do you really believe germany is HELPING it's neighbors?
it is helping itself.
why?

the german banks are SO INVOLVED into these governmentbonds that if they would let those countries die they would have to accept the biggest part of the following haircuts.

we BAIL out EUROPE for OUR own sake!
it's cheaper than anything else and the money isn't lost at all.
their debt to us keeps existing it's just the interest rate that will be smaller.
well most of these countries have paid their interest rates for years so our banks have a win situation...everytime.

if our politicians were smart enough they'd know that and wouldn't additionally provide TAXES to the BANKS!

Last Edited by sacred soul on 04/30/2012 03:17 PM

minted and numerically, both

but yes, the fall was temporarily cushioned by increasing the fiat supply

there's still a bill to be paid though

usa dollar is falling

japan consumes everything like usa

eurozone is a farce




china is the only conuntry that can save the world but they depend on usa for consumption

This shows you can't cut your way out of a recession. Austerity during a recession will only push you in deeper. The time to save money is when the economy is doing good and people are spending money. During a recession the Gov has to spend until confidence is gained in the market.

that is why the chinese intervene into their currency!
to keep up the consumption regardless what price the dollar may be.

Im beggining to be in global HAPPINESS ;DDD

dont know - if you prefer - depress yourself... xD

hehehe yes I forgot to add (how could I?)


THEY PRINT

THEY WILL CONTINIUE --


until we STOP accepting this dead trees with ink ot them ;/

this recesion is BECAUSE people woke up.

It's a cluster-phuck and they know it.. compounded interest on money that never existed in the first place, given to countries who know they are watching the end of a monopoly game.. eventually some one reaches over and grabs a handful from some one who isn't looking, things get belligerent & everything ends up on the floor.

Notes are made out of cotton fibres. Just saying.
But yes, I agree we're fucked. Spain is fucked big time. Europe as a whole will be fucked eventually.
I'm not too bad since as a GLPer I've always been a bit paranoic and never let myself fall for the credit way of life. Didn't buy a property when everyone else was shouting 'idiot' at me for renting. Converted a good part of my savings into gold some time ago. So whatever has to happen, bring it on.

Sadly, loads of families did fall in the trap, and will be paying the rest of their lives for an extremely over valued shithole.

I had a dream last night that spain had an 8+ earthquake

I know! Let's DESTROY the Manufacturing-Based Economy by taxing it to death, so we can replace it with a 'sustainable' GREEN ECONOMY!

GREEN SHOOTS!
GREEN SHOOTS!
oh....



wait....

22 signs that the collapsing spanish economy is heading into a great depression

The unemployment rate for those under the age of 25 in Spain is now a whopping 52 percent. There are more than 47 million people living in Spain today. Only about 17 million of them have jobs.

[link to theeconomiccollapseblog.com]

The Spanish government is going to need a massive bailout and so will the entire Spanish banking system. But that is going to be a huge problem, because the Spanish economy is almost 5 times as large as the Greek economy. When the Spanish financial system collapses, the entire globe is going to feel the pain and there will be no easy solution.

since this is mostly about real estate.
i think first thing will be that spain is going to let it's banks sell toxic credits away to inverstors. that would mean that a lot of people would loose their homes!!! IF THEY FIND INVESTORS.
just like it happened in the usa.
if that wont work, there will be a NEW BAD BANK in spain.
if that also isn't enough...the bailout will come and the current taxpayers of the rich nations will pay the price.
it is clear that this money will someday come back to the rich nations.expecially to germany which is the mostly involved of em all.
i wonder that the german government seems to believe that our generation is willing to play that game.

................. TRUE ....... ROMNEY and the GOP plans to offshore their money and our jobs , and create more wars for AIPAC ........... CON MAN MIKE RAPHAN , The KOCH BROS and Sheldon Adelson are part of the JINSA Fifth Column ................ loyal only to the Jonathan Pollard Quisling Society and the BAIN CAPITAL JOB KILLERS .

OH CHRIST....
You don't actually BELIEVE the bullscit you just spewed, do ya?