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Rent Seekers Gonna Seek Rent

2 May

“In order to keep growing, however, they need money.”

Faced with a collapsing economy in 2013, almost entirely as a result of government subsidizing “Green Energy” from production to the end user, Spain was forced to abandon it’s ill conceived wind and solar strategy – forcing nearly all of the companies engaged in the “industry”, who could only operate if the subsidies remained, into receivership or bankruptcy.

In the wake of the so-called “Paris Agreement”, the investment bank vultures have swept in to pick over the bones, in the hope the subsidy gravy train will once again come rolling down the track.

In the universe of the Progressive, eco-facsist media – this is a “boom”..

Buy low, get tax payer subsidies, get out…



It Takes a Village…of Idiots

30 Aug

With its very own Storm Troopers…

Police storm homeschool class, take children by force

Four children, ages 7 to 14, have been forcibly taken from their Darmstadt, Germany, home by police armed with a battering ram, and their parents have been told they won’t see them again soon, all over the issue of homeschooling, according to a stunning new report from the Home School Legal Defense Association.

Clearly a cell of sociopaths…

“The children were taken to unknown locations,” HSLDA said. “Officials ominously promised the parents that they would not be seeing their children anytime soon.”

Fascism is alive and well in the Fatherland…


“There’s a Term for This…”

9 Aug

It’s Called Capital Controls Communism….

We’ve been discussing in this column lately how the modern banking system is a total fraud– that dictatorial control of 70% of the world’s money supply has been awarded to just four central bankers.

And that the vast majority of banks, especially in the western world, are laughably illiquid… and very thinly capitalized.

There’s a term for this. It’s called capital controls. And it’s something that almost every bankrupt government in history has resorted to using.

Capital controls are essentially a restriction on the free-flow of capital. It can take a number of different forms– gold criminalization, bank account confiscation, foreign exchange restrictions, etc.

But at the end of the day, the effect is the same– capital controls are just another way of transferring wealth from citizens to the government, like dairy cows to a farmer.

Sovereign Man

Qu’est-ce que c’est Crash?

20 May

Great Moments in French Socialism…

…Then as France slips further into recession and as their non-performing loans increase and as their massive amount of securitizations rapidly decline in value; their banking system will come under extreme pressure. Much is hidden and cloaked in France but bills that must be paid will begin to take their toll and the uncounted liabilities do not disappear just because no one adds them up correctly. France, in my view, is a powder keg waiting for some fuse to be lit and it will not be a Belle Epoch Ball at Versailles when it does. There will be fireworks aplenty but no cheering crowd to accompany them.

Tick Tock…

Zero Hedge

When They Say “Youths” They Mean “Muslims”…

20 May

Riots in Stockholm suburb over police shooting

Gangs of youth Muslims angered by the police shooting death of an elderly man hurled rocks at police and set cars and buildings on fire in a Stockholm suburb early Monday, forcing the evacuation of an apartment block.

Around 50 youths Muslims were involved in the riots in the suburb of Husby, west of Stockholm, police spokesman Lars Bystrom said.

Husby is one of several neighborhoods of apartment blocks in western Stockholm occupied primarily by immigrants Muslims.

“I understand that people Mulsims react like this,” said Rami Al-Khamisi from the organization Megafonen, which represents citizens in Stockholm’s suburbs.

If you won’t identify the problem, you can’t solve it…


The Pessimists are too Optimistic…

3 May

“Relations worse that pessimists expected”…

Officials in the Chancellery consider the culprit here to be neighboring France, the country that is meant to function together with Germany as the motor driving the EU as a whole. Paris, Meyer-Landrut said, isn’t interested in reaching agreements with Germany on fundamental questions before September. The meaning behind his words was clear: French President François Hollande is counting on the German elections putting a new government in place in Berlin, one he hopes will be more willing to compromise. Hollande no longer expects anything from the current German government.

The two nations’ disputes always seem to be about money…

or something like that…France and Germany have a long history of settling disputes…

Spiegel on-line

QE at Work… Britons turn to food banks

24 Apr

Paul Krugman is thrilled!

More hard-up Britons turn to food banks

The Trust has launched food banks at a rate of three a week in recent months, and now operates 345 branches across the UK. Part of the rise in referrals can be attributed to the network’s rapid growth, but while food bank branches have risen by 76 per cent in a year, referrals have increased by 170 per cent. “It’s a more much intense use,” Mr Mould added. “The fundamental thing is that more and more people are living an increasingly precarious life financially.”

During the Great Depression, the desperation was graphically evident with long lines of families waiting for soup; in the new depression, the record levels of starving and needy are hidden by a blanket of EBT cards and direct transfers from government. The situation is no less terrible – no matter how hidden from view.

But hey – the Stock Market is up!…

FT, Zero Hedge, NBC

When Merkel says “Europe” she means Germany…

22 Apr

Merkel To Europe: “Prepare To Cede Sovereignty”

We seem to find common solutions when we are staring over the abyss,” Merkel said. “But as soon as the pressure eases, people say they want to go their own way.

“We need to be ready to accept that Europe has the last word in certain areas. Otherwise we won’t be able to continue to build Europe,” she added.

What could possibly go wrong…

Zero Hedge

EU – “Nothing they say is true…”

18 Apr

Cyprus bail-out vote

Green MP George Perdikis told the Cyprus Mail that he would vote against it to uphold the “freedom” of his country. “It is a crime to deliver Cyprus into the hands of the troika and allow it to become a colony.”

It is also a crime to steal people’s money…

Meanwhile the EU slips further into depression…

In a defiant statement, an alliance of the ECB, Commission and Eurogroup said the “evidence is clear” that EMU crisis policies have been a success and recovery is in sight.

Steen Jacobsen from Saxo Bank accused EMU leaders of dangerous complacency. “Nothing they say is true. Reality has never been further away. It’s scary,” he said. “We think the eurozone is in far worse shape than they realize. We will see contraction of 1pc this year but it could be as bad as 2pc.”

Citigroup cut its forecasts drastically, warning that EMU will shrink both this year and next, with a quasi-slump dragging on until 2017.

Socialism at work…


Wealth tax to pay for EU bail-outs

15 Apr

The Germans want rich Brits to pay for lazy Greeks and Spaniards

What could possibly go wrong…

Around 400,000 Britons live or own homes in the south of Spain, which is suffering a deep recession that is hampering Madrid’s attempts to balance the public finances and stave off a bail-out.

Southern eurozone governments have argued that it is right for Germany to pay more because it is wealthier and because its economy has gained so much from the single currency.

But German economists are now challenging that argument. They say that new figures taking into account property values show that people in many southern countries are actually wealthier than their German counterparts.


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