"Forgive Us For Not Arresting Those Responsible For This Crisis: Bankers & Politician

[Vette_Newb]

Yesterday, in what is an appetizer to the great 2013 convergence trade (that, between the now thoroughly dead Greek and the Spanish economy, which is rapidly getting there, of course), several thousand Spanish policemen took the streets of Madrid protesting the latest round of austerity, which included frozen pensions and the elimination of the Christmas bonus (they will have many more opportunities to protest not only the loss of any future upside, but the eventual cut of existing wages and entitlements). As RT reports, protesters blew whistles, shouted slogans, and carried anti-austerity banners as they marched through the city centre to the interior ministry. But perhaps the most telling message read on one of the slogans, was the following: "Citizens! Forgive us for not arresting those truly responsible for this crisis: bankers and politicians."

And there you have the entire current clusterfuck summarized in one simple sentence: because as long as those responsible for the ongoing economic collapse, which will inevitably end in war as many have observed, Kyle Bass most recently, are not only not arrested but preserve their positions of power, any and all change will merely be cosmetic and any real change will only affect the bank accounts of the global middle class which are slowly but surely drained to zero.

More from RT:

The Spanish government has imposed harsh spending cuts aimed at saving 150 billion euros between 2012 and 2014. The move has been met with anger and protests from hundreds of thousands of Spanish citizens.

The austerity measures are in exchange for a rescue loan of up to 100 billion euros from the EU to help the country’s stricken banks.

"The problem is they take from us to give to others, like the autonomous regions and the banks," 33-year-old police officer Antonio Perez told AP.

But it’s not just their pay the police are worried about.

A spokesman for Spain’s Unified Police Union, Jose Maria Benito, said the cuts will affect the nation’s security, adding that working conditions have become more precarious and law enforcement equipment was no longer up to standard.

“We are here to tell the government that security has to be its priority…in socially convulsive times, we need an adequate police response,” Benito told AP. He added that 15,000 workers who have left the force were not going to be replaced.

"Each year, between 1,500 and 2,000 police officers retire and 125 are recruited, which means in three or four years, there will be more insecurity and crime in Spain," the union’s general secretary Jose Maria Sanchez Fornet said in a speech.
A picture summary of the event:



http://www.zerohedge.com/news/2012-1...le-crisis-bank

[c6vettedude]

Perhaps we'll see the same thing here. I guess for now though, they'll continue providing security for the bankers.

[rj-92]

Jon Corzine approves of this message.

[Texdentist]

Where do people who don't want to lose benefits due to "austerity" think the money is going to come from to maintain their benefits? The countries can only print fake money for so long, and in the case of Greece and Spain, that point has been reached. Where is the magic wand these people think exists?

[Vette_Newb]

Originally Posted by Texdentist

Where do people who don't want to lose benefits due to "austerity" think the money is going to come from to maintain their benefits? The country's can only print fake money for so long, and in the case of Greece and Spain, that point has been reached. Where is the magic wand these people think exists?

inside the big central banks, how else would they print trillions out of thin air? Why print trillions for the crooks and thieves and leave the average Joe twisting in the wind?

[Texdentist]

Originally Posted by Vette_Newb

inside the big central banks, how else would they print trillions out of thin air? Why print trillions for the crooks and thieves and leave the average Joe twisting in the wind?

If it was as simple as that, don't you think the oligarchs would make sure the peasants were happy so that they wouldn't be overthrown? At some point, real value matters and printing presses are powerless. You can't artificially manufacture enough real value to keep everybody in high cotton. Some work has to be done to create that value, and Europeans have long ago forgotten that. After the last election, it is clear that concept is in our rear view mirror.

[Vette_Newb]

Originally Posted by Texdentist

If it was as simple as that, don't you think the oligarchs would make sure the peasants were happy so that they wouldn't be overthrown?

Why yes.. and that's why they get ObamaPhones and such.

Originally Posted by Texdentist

At some point, real value matters and printing presses are powerless. You can't artificially manufacture enough real value to keep everybody in high cotton. Some work has to be done to create that value, and Europeans have long ago forgotten that. After the last election, it is clear that concept is in our rear view mirror.

We hit it head-on 4 years ago.

[c6vettedude]

Originally Posted by rj-92

Jon Corzine approves of this message.

[c6vettedude]

....and the Red state folks are no doubt the happiest peasants at the thought of free money! Afterall, they get the biggest chunk.

[Vette_Newb]

Originally Posted by c6vettedude

....and the Red state folks are no doubt the happiest peasants at the thought of free money! Afterall, they get the biggest chunk.

I'm in a donor state...

[Texdentist]

Originally Posted by c6vettedude

....and the Red state folks are no doubt the happiest peasants at the thought of free money! Afterall, they get the biggest chunk.

Once again, look at the red/blue U.S. map by county. Over 90% are red. Conservatism is not regional, but liberalism IS mostly confined to the large population centers, which happen to predominantly be centered in the northeast and west coast. And I might add, that most of us outside those areas are happy to see it remain that way.

[c6vettedude]

Originally Posted by Texdentist

Once again, look at the red/blue U.S. map by county. Over 90% are red. Conservatism is not regional, but liberalism IS mostly confined to the large population centers, which happen to predominantly be centered in the northeast and west coast. And I might add, that most of us outside those areas are happy to see it remain that way.

Very true, but those areas are where folks earn the most as well.

[Texdentist]

Originally Posted by c6vettedude

Very true, but those areas are where folks earn the most as well.

Yes, the highest paying jobs do tend to be in the big cities. But high-paid people are not the ones electing presidents. They are outnumbered by the entitlement class in those cites. That's why population centers are so blue.

[c6vettedude]

Originally Posted by Texdentist

Yes, the highest paying jobs do tend to be in the big cities. But high-paid people are not the ones electing presidents. They are outnumbered by the entitlement class in those cites. That's why population centers are so blue.

though we've seen that states that accepted the largest amount of entitlements (Red)... voted for Romney. States with large metro areas also typically have more electoral votes. So I think to say that these folks aren't electing presidents isn't accurate.