13 Responses to Spain moving from recession to depression as economic woes mount

  1. I agree completely with your views in this article. Economic collapses are generally like falling dominoes or, probably more precisely, ripples in a pond. One nation sliding into depression affects every nation that it does business with, and soon some of those nations slide into their depressions, which in turn affects everyone they do business with. Just take a look at the collapse of ’08 and see how many countries were adversely affected when our economy took a dive. Nice analysis on this! Economics is NOT one of my strong suits (too much like math!) but I do pay attention to what’s happening.

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  2. Andy says:

    UK is next. The official figures are nowhere near the truth here.

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  3. Peter from the Netherlands says:

    Can you tell ( extinction protocol ) or find something on the internet, what will happen, when the euro collapse? I heard remours about not to get money from the bank, when it happens. also you cannot use your credit card or other cards. Is that true?

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  4. Flagirl says:

    Alvin,
    I AGREE totally. I don’t think anyone has a clue how to “restart” anything, that’s why we keep pushing on a rope……

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  5. niebo says:

    As this system continues to unwind, I can’t help but think, “Alas, Alas, thou great city, thou mighty city, Babylon….” Revelation 18:10. My head spins to interpret and understand it all, and sometimes I wonder if Babylon is not physical but philosophical, a way of thinking, a mindset, one which, as suggested by subsequent verses, impoverishes the world. As we see it beginning and beginning to spread….

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  6. Sue says:

    There is a very well calculated plan taking place on both sides – good and evil. Evil is deceived enough to believe it can seat itself as ruler of the world and it is doing this by taking this system down to have total domination of the whole world aka New World Order (think tower of Babel), and the winning side – the good side, our Father in Heaven has a time and purpose for everything and we are witnessing the end of the age and we will enter into a day of rest with Jesus as the righteous ruler. God has promised a new heaven and earth; real change we can really count on. Come Lord Jesus, come quickly. Everything else is sinking sand.
    Peace to all His people in this time like no other.
    A lover of Jesus and an avid reader of this site,
    Sue

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  7. Emanni says:

    Cash-strapped Argentine town pays employees by raffle

    http://stratrisks.com/geostrat/7106

    A raffle will determine which civil servants in a small Argentine town will receive their pay first, due to insufficient funds, its mayor announced Monday.

    “We will draw lots to decide the (order) of payment,” said the mayor of Bialet Masse, Gustavo Pueyo, in a broadcast from Buenos Aires private radio station Radio Mitre.

    Pueyo said the raffle was approved by national mayoral authorities and the first draw took place Friday, with 23 of the town’s 92 employees receiving their pay. A second raffle is slated for Monday.

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  8. Rhonda says:

    The Dow is UP 209 points at the moment. How can this be? I don’t trust any of the “talking heads” on TV telling us everything is great here in the good old USA..

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    • i

      As I have said before, the bureauocrats in Europe are about to go on vacation and want to prop up the markets; so they’ll say anything. For some, it’s propping the markets up long enough for their friends to take their money out. Don’t be fooled. If there was a solution to the debt crisis; they would have implemented it by now. This is more window-dressing for dummies.

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