While all a person in the financial markets needs to do in order to understand the desperate economic situation in Spain is look at the country’s spiking bond yields, the social situation on the ground appears to be at some sort of dangerous inflection point. I found a story from Murcia Today to be very telling of what is happening on the ground in Spain and how this could easily get out of control. This reminds me of what was probably going on in the streets of North Africa prior to the uprisings there early last year. When people have been robbed by their politicians and oligarch bankster masters and they cannot eat, they will find a way to eat. Two words: French Revolution. The elites never learn.
I was unable to copy and paste from Murcia Today but these quotes are from a separate news source:
Unemployed fieldworkers and other members of the union went to two supermarkets, one in Ecija (Sevilla) and one in Arcos de la Frontera (Cadiz) and loaded up trolleys with basic necessities. They said that the people were being expropriated and they planned to “expropriate the expropriators”.
The foodstuffs, including milk, sugar, chickpeas, pasta and rice, have been given to charities to distribute, who say they are unable to cope with all the requests for help they receive. Unemployment in the Sierra de Cadiz is now 40%.
Murcia Today takes very different slant and refers to the union members as “militants” and the union itself as a “syndicate.” Of course these words could easily be lost in translation; I haven’t read the Spanish version. The Murcia Today article is here and I suggest reading it.
In a related story:
The Spanish city of Girona has decided to lock supermarket rubbish bins to stop people scavenging for food.
Products past their sell by date are thrown away at the end of the day and then taken and eaten by hungry people.
The move is not as mean as it first appears, officials said that there are health risks involved for those who eat from the bins and the practice causes social alarm.
Spain is going from bad to worse. This is a total tragedy and one that has now spread from North Africa to Southern Europe, and will move north next and then west to the United States. This is what happens when power and control is given to corrupt politicians and financial oligarchs with zero accountability. Es una gran lastima.