Spain's economy contracts as recession fears grow … The Spanish economy has shrunk for the first time in two years, increasing fears the country could be heading for a recession. The country's economy shrank by 0.3% in the three months to December, after stagnating in the previous quarter. Household spending fell by 1.1% from the previous quarter, while spending by public bodies dropped by 3.6%. The country has the highest jobless rate in the EU, with almost one in four people out of work. Spain's unemployment figure passed the five million mark in the last quarter of 2011. Figures showed 5.3 million people were out of work at the end of December, up from 4.9 million in the third quarter. The downbeat fourth-quarter economy figures come even before the impact of new austerity measures unveiled last month by new Spanish Prime Minister Mariano Rajoy. – BBC
Dominant Social Theme: Austerity is tough but builds character.
Free-Market Analysis: Did you hear that about half of Europe is in recession or headed that way? We can see from the above excerpt that Spain is certainly headed that way. Greece, Portugal and Ireland are also in various forms of economic collapse.
Call it recession, depression or simply cataclysmic economic conditions. But one way or another Southern Europe is in a terrible state. Greece is in a meltdown; half the young people in Spain aren't working and Portugal and Ireland aren't far behind.
Heck, let's just call it a continental depression. And one that is as unnecessary as it is terrible. The elites that set up the European Union by subterfuge bribed the Southern government PIGS with funds.
This is no different than the way the tag team of the World Bank and International Monetary Fund act. The World Bank lends money to dictators and then hauls in the IMF to make the suffering citizens pay the bill.
The strategy is doubly delicious because the "banks" get blamed for what is essentially a top-end elite plot. Capitalism and the mechanical process of paying interest are blamed while the planners behind it all remain unscathed.
When things get too bad, other tried and true formulas are pushed to the fore. It's all been done before, after all. The apparent dynastic families that are trying to set up world government are seemingly pushing ahead with this scheme via economic depression and war – as they have in the past.
We can see this same formula in use in the 1930s. First came a great money-printing euphoria in the 1920s, then a central-banking-caused depression and finally a world war. The war is generated during the depression as people grow angry and are ready to lash out at any perceived enemy.
Not only this, but a war allows the government to renounce its debts and put the entire economy on a command-and-control footing where young men are dragooned into military service to work for a dollar a day. Companies are commandeered to make military equipment. The depression is short-circuited by the government's state of emergency.
Yes … we can see this sort of paradigm taking shape now if we look hard. And within this context austerity makes sense. Those whom the elites wish to manipulate must first be made destitute and miserable.
Only then will war and state dirigisme seem attractive or at least tolerable. Surely there were many individuals during the Great Depression that found war to be an attractive alternative to the prospect of starving slowly to death.
This is likely the plan. It seems evident and obvious to us, as we've pointed out numerous times, that the Western powers-that-be are setting up a kind of Islamic crescent in the Middle East. Almost every country that has been destabilized was secular and will now emerge with an Islamic government. Step by step, the West is creating an "Islamic threat."
In the meantime, the creation of an economic collapse continues apace. It is the elite's economy, after all. A tiny group of people now control the world's central banks. And through money printing they have so distorted the world's economy that it will take years, if not decades, to recover.
Within this context, the power elite continually aggravates the situation by pressing ruined civilizations to give up more wealth and treasure. It is a sub-dominant theme of sorts, that Europe needs to struggle through austerity to come out stronger and leaner.
What is also true is that these public promotions are patient based and focus on the hapless citizen as a passive observer. Just yesterday we pointed out how articles often refer to the average citizen as a patient, and elite central bankers as doctors.
And then there is the metaphor of the punchbowl that treats people as partygoers. And now we have the European metaphor of consumer as lazy weakling with central bankers seen as administering strong, severe medicine … austerity.
Always, people are presented as lazy, sick, lackadaisical or ne'er do wells staying at the "punch bowl" too long. Always, the current system is presented as stern, sorrowful, wise but merciless. It is a parent/child relationship with the self-appointed elites playing the role of omnipotent father figure.
The propaganda is relentless and contemptuous. In fact, he hundreds of millions of Europeans are not children. And the handful of bankers and Brussels bureaucrats supervising their demise are not their fathers.
Step back and look at the "big picture." An economic depression is being foisted on the Western world and the world at large. Once the BRICs collapse, the world's economy is finished. There will likely be no "recovery," not in the short term anyway.
And so bang the drums of war. For war seems an inevitability. The one difference between now and the 1930s is the Internet and what we call the Internet Reformation.
Many more people are aware of the manipulations that we've presented above and written about numerous times along with the rest of the alternative media. The Renaissance and Reformation changed the context of the world after the advent of the Gutenberg Press. The Internet is doing so again.
Nothing is preordained. Time and the action of individuals – human action – will tell the tale.