Spain Just Issued a Warning: the System is Blowing Up Again


It was never put right, so there is no alternative but to implode.  Bandaids do not fix broken limbs.

THE INTERNET POST

At this point it is clear that Europe is totally finished. The house is burning. It’s just a matter of time before it collapses.

Indeed, we get a clear signal of this from Spanish Prime Minister Mariano Rajoy, who just announced the following: “It is not enough, there are no green shoots, there is no spring.”

To understand the significance of this statement, you need to know a bit more about Rajoy and European politics in general.

Rajoy is the same political leader who, throughout 2012, stated time and again that the Spanish banking system was in great shape. Indeed, he was still claiming, “there will be no rescue of the Spanish banking sector,” a mere week before Spain’s entire banking system collapsed.

Rajoy then demanded a €100 billion bailout from the EU (Spain’s entire banking market cap is just a little over this). It was only then that he…

View original post 378 more words

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About Ken McMurtrie

Retired Electronics Engineer, most recently installing and maintaining medical X-Ray equipment. A mature age "student" of Life and Nature, an advocate of Truth, Justice and Humanity, promoting awareness of the injustices in the world.
This entry was posted in Financial Crisis, Globalism, Human Folly, World Issues and tagged , , , . Bookmark the permalink.

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