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Spain’s Economic Crisis Has Gone Insane

July 12th, 2012 Comments off

The latest policymaking news from the Eurozone proves beyond a shadow of a doubt that clinical insanity is now the official economic and fiscal policy of this disastrous monetary union.

Spain’s insolvent banks were given a massive dose of bailout money from the taxpayers-primarily German- of the Eurozone. In exchange, the government of Spanish prime minister Mariano Rajoy, which has already imposed draconian spending cuts and tax increases on the population, had to commit to another65 billion euros in cuts and deficit reductions over the next two years, including an increase of three percent in the national value add tax. Now, Spain is already in the midst of a severe economic recession (really a depression) with 25 percent unemployment and sustained economic contraction. So, what is this additional austerity measure likely to do? Answer: further increase unemployment, facilitate demand destruction, in turn creating more economic contraction, resulting in lower government revenues. In other words, the fiscal deficit will continue. But don’t worry, the genius politicians in the Eurozone are already dusting off the next set of austerity measures for Spain.

Albert Einstein once defined insanity as doing the same thing and expecting a different result.  By that definition, the entire political class in the Eurozone is over-ripe for institutionalized commitment.

 

WALL STREET KILLS--A CHILLING NOVEL ABOUT WALL STREET GREED GONE MAD

 

 

 

To view the YouTube video overview of “Wall Street Kills,” click image below:

 

Wall Street Kills,” a novel by Sheldon Filger, presents a dark and shocking view of Wall Street greed that is pathologically out of control. “Wall Street Kills,” available in both eBook and hard copy editions on Amazon.com, portrays the leading characters, primarily Wall Street insiders, as having a pathological drive for attaining vast profits, even if that means engaging in a shockingly brutal plot, in which the life of a celebrity woman must be sacrificed. Controversial themes explored in the novel include the exploitation of sexual violence against women for profit. 

At the core of “Wall Street Kills” is an elaborate plot to kidnap a world famous female celebrity, and murder her in a theatrical spectacle that will broadcast over the Internet in real-time, available for viewing to anyone with a computer willing to pay the steep access fee. The secretive group of Wall Street investors behind the scheme seek to produce the ultimate snuff movie.

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