by John Galt
March 5, 2012 17:40 ET
La Revolución ha comenzado
The Revolution has begun.
A simple, often controversial phrase uttered throughout history in Latin nation as the war against the oppressors start, or worse, the war against a system perceived as unjust by those wishing to install a new more evil system. The story from Spain tonight is one of defiance, the proverbial threat against the banksters that they have been living in fear of hearing since the beginning of the Greek crisis. I present to you Spartacus, aka, Premier Mariano Rajoy of Spain who knows he holds the key to the survival of the European Union and worse, the European Central Bank in the palm of his hands.
From tonight’s U.K. Telegraph, Ambrose Evans-Pritchard addresses the story in the article linked below:
The article nails the Merkel led German cartel of enslavement by the foolish who enlisted to join the Union within these excerpts:
Taking what he called a “sovereign decision”, he simply announced that he intends to ignore the EU deficit target of 4.4pc of GDP for this year, setting his own target of 5.8pc instead (down from 8.5pc in 2011).
That did not set well with the European elites nor the banksters in power. But Mr. Pritchard ups the ante with this portion of the story:
This one from Pablo Sebastián left me speechless.
My loose translation:
“Spain isn’t any old country that will allow itself to be humiliated by the German Chancellor.”
“The behaviour of the European Commission towards Spain over recent days has been infamous and exceeds their treaty powers… these Eurocrats think they are the owners and masters of Spain.”
“Spain and other nations in the EU are sick and tired of Chancellor Merkel’s meddling and Germany’s usurpation – with the help of Sarkozy’s France and their pretended “executive presidency” that does not in fact exist in EU treaties.”
“Rajoy must not retreat one inch. The stakes are high and the country is in no mood to suffer humiliations from a Chancellor who is amassing all the savings of Europe and won’t listen to anybody, as if she were the absolute ruler of the Union. Merkel and the Commission should think hard before putting their hand into the sovereignty of this country – or any other – because it will be burned.”
This then is the fermenting mood in the fiercely proud and ancient nation of Spain in Year III of depression, probably the worst depression the country has seen since the 1640s – or have I missed a worse one?
Without a doubt this is a must read commentary and quite possibly the inflection point in the European crisis many have been wondering about. I personally thought it would be the Irish that would take a stand but instead it is the proud, historically independent nation of Spain leading the way.
We may well live in interesting times which shall become even more dire and interesting in the weeks and months ahead.