Posted Jan 31, 2015 by Martin Armstrong
I have warned that when the economic crisis hits, the tree has been cut. However, it can just as easily fall to the left as it can to the right. Do we end up with FREEDOM or SERVITUDE? During 1933, Hitler came to power in Germany, Roosevelt in the USA, and Mao in China. Those who focus closely on the whys as to Hitler coming to power miss the mechanism that fuels these types of political change.
In Spain, tens of thousands of people have massed in central Madrid for a rally organised by radical Spanish leftist party Podemos (“We can”). This is being touted as the “March for Change” and is this party’s FIRST mass outdoor rally. They are trying to now follow the rise of the left in Greece and have close ties to Syriza in Greece.
Podemos has surged into the lead in recent opinion polls because Brussels is just insane and have lost sight of how to run a country for the people rather than the politicians. Podemos will seek to write off part of Spain’s debt if it wins elections later this year. Podemos battle cry that is resonating with the people state bluntly that politicians should “serve the people, not private interests”. This is the problem whenever you have career politicians regardless if they are left or right.
Into this fray, Merkel, who seems to be completely incompetent on the economics behind what plagues Europe, has stated that there will be NO debt write-off for Greece. I fail to grasp what planet she is on. Is she prepared to invade Greece?
This is getting worse by the day. Capital will flee to the government bonds for safety in Germany and USA. This will complete the Bond Bubble and the whole thing will burst. There will be incriminations, investigations, and demands for the heads of the bankers. Let’s hope it stops there. It can turn once again against the Jews as the Jewish bankers ruin for everyone else just as ISIS creates the wrong image about all of Islam. The uneducated just lump everyone together and therein creates the civil unrest.