The Eurozone has "slipped" back into recession, following two quarters of negative contraction.
According to Saxo Bank's chief economist, Steen Jakobsen, the dip "was totally expected because of austerity policies combined with world growth slowing down." Jakobsen added, "The last couple of days have created a new momentum for a major change in policy input, because up until this week, social tension was not part of equation. It seems like the tone has shifted dramatically."
Translation: We bankers knew that our cut of flesh would wound Europe's economic health and we really didn't give a shit if people howled in pain.
Paul de Grauwe, a professor at the London School of Economics agreed, saying that the return to recession was the predictable result "of excessive austerity" imposed by Germany. "The degree of austerity has now put so many people in terrible conditions that they reject all of this. That's a very dangerous situation."
Translation: people are thinking of revolution.
Good.
The system needs a trashing. "Austerity" is just a cute word for balancing banker books on empty stomachs. All the double talk is simply this: banks lent money to Southern Europe and they want it back, with interest and fuck the "social tension" that might ensue. Human needs of food, shelter, and purpose are "not part of the equation." A person who thinks that way should be shot and a system which is built on such a premise needs to be destroyed.
If people "reject all of this" - that might be "dangerous" to banksters, but it is not dangerous to the people who have awoken to the cause of their miseries.
.
According to Saxo Bank's chief economist, Steen Jakobsen, the dip "was totally expected because of austerity policies combined with world growth slowing down." Jakobsen added, "The last couple of days have created a new momentum for a major change in policy input, because up until this week, social tension was not part of equation. It seems like the tone has shifted dramatically."
Translation: We bankers knew that our cut of flesh would wound Europe's economic health and we really didn't give a shit if people howled in pain.
Paul de Grauwe, a professor at the London School of Economics agreed, saying that the return to recession was the predictable result "of excessive austerity" imposed by Germany. "The degree of austerity has now put so many people in terrible conditions that they reject all of this. That's a very dangerous situation."
Translation: people are thinking of revolution.
Good.
The system needs a trashing. "Austerity" is just a cute word for balancing banker books on empty stomachs. All the double talk is simply this: banks lent money to Southern Europe and they want it back, with interest and fuck the "social tension" that might ensue. Human needs of food, shelter, and purpose are "not part of the equation." A person who thinks that way should be shot and a system which is built on such a premise needs to be destroyed.
If people "reject all of this" - that might be "dangerous" to banksters, but it is not dangerous to the people who have awoken to the cause of their miseries.
.
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