Thursday, February 11, 2010

Advanced perversions of Europe

Finally mainstream media is getting how screwed Greece is, only a year or more behind those actually paying attention. If it took this long for journalist to realize that the land of the oiled up Spartans are defaulting, well I guess that by this time next year they will write about how UK, Portugal, Japan, Spain etc. is going under. The US will most likely already have crashed by then.

Anyway, the great Messiah of Europe, one of many Glorious Leader’s that always does it for the good of the planet, Gorgon Brownie, was questioned the other day about whether or not British taxpayers will bail out Greece. The squirming non-answer may have something to do with his recent move from his favorite snack, Kit-Kat, over to Bananas. Ingesting his bananas anally, if this being his principle orifice, may explain it, however I suspect that the political reality of lying to his voters is sufficient.

The Swedish Prime Mentalist is against sending Swedish tax money to Greece, but both he and the Gorgon will either pay through EU directly or through IMF. So such statements are complete gibberish. Non-Euro countries will be paying for the failure, whether they like it or not.

The Germans also seem to have given up forcing the Greeks to handle their own problems, and so we are now entering the ‘bailout of Countries’-phase. Maybe the founds will trickle down from IMF - you know those guys that sends tons of cash to dictator Mugabe - and maybe it will be a European thing. After all, it’s a Euro-country; wouldn’t it be bad if the Euro-zone couldn’t handle their own?

But the fun thing is that Greece is only the beginning, something journalists, pundits and politicians either ignore or lie about.

The Greek government is currently struggling with a deficit of 12.7% of GDP, reaching somewhere around a public debt of 120% this year. But Britain’s deficit is currently 11% of GDP, and predictions are that it will reach 12.6% during this year. Is that 0.1% in difference enough to save UK from a country-bailout? If we look at the official National Debt of 68% of GDP, it would seem so. But wait, CPI numbers for UK is actually higher than that of Greece as well as the total British debt of 350% of GDP (second highest in Europe), and the banksters have been deluding themselves and the markets to such a degree that the only thing holding up housing prices at the moment is that banks are BUYING HOUSES FROM THEMSELVES!

But oh, just hold on, it gets a lot better.

Spain has one of the world’s highest unemployment numbers. Although the black labor market is huge, you cannot disregard this fact together with a looming mortgage and housing crisis of extreme levels. Italy is in similar troubles, Belgium likewise.

However the largest problem is only just starting to show itself. Across Europe we have massive amounts of new pensioners leaving the workforce and most (all) of the countries within the Euro-zone have not only spent that pension-money, they’ve also borrowed upon it many times over so the total pensioner-debt is 2-300% of GDP, money needed to be paid out the coming years. Higher taxes and/or cutting in the welfare system will be necessary.

And do I even need to mention the Eastern states, French protectionism and an ever expanding EU-bureaucracy?

Basically the enemy class has ripped out our innards, play with our eyeballs, boil our brains and eaten it for brunch. And then they have done the same to our Childreeeen, and now they have started to suck the marrow from our corpses.

Is it any wonder they want to regulate, control and tax internet before people realize the truth of things?

And what will they do when this entire stimulus, all the printing of freshly scented bills and all the debt accumulation leads to a future where the checks bounce? You see, there’s no leverage left anymore. This is it, the end of the line. They cannot inflate the bubbles more, it’s impossible. They cannot borrow and print more because even their cornflake Keynesian economists know that will not cut it. And in this hilarious situation Greece is only the first country to fail.

Where do you see this going? Do you see happy pinkish clouds surrounding lavish fields of green filled with gold and honey? I didn’t think so…

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