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Goodman writes: "As Spain's prime minister announced deep austerity cuts Wednesday in order to secure funds from the European Union to bail out Spain's failing banks, the people of Spain have taken to the streets once again..."

A bloodied woman is detained by riot police during a demonstration by Spanish coal miners. The miners had marched to Madrid to protest government subsidy cuts for their industry. (photo: Denis Doyle/Getty Images)
A bloodied woman is detained by riot police during a demonstration by Spanish coal miners. The miners had marched to Madrid to protest government subsidy cuts for their industry. (photo: Denis Doyle/Getty Images)

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+3 # DurangoKid 2012-07-12 21:20
Catherine Austin Fitts once said something to the effect that until you change the way money works, you change nothing. Punishing corrupt bankers won't fix the problem mainly because banking itself is corrupt. The purpose of banking is to gain control of the supply of money and then charge everyone else rent to use it. This sets up a fundamental conflict of interest in that those in control of a commons, something we all share and need for sustenance, stand to profit by manipulation. It's an irresistible moral hazard. The power to issue currency in the form of bank credit means a small coterie of bankers can in effect levy an undemocratic tax on the entire economy. Worse still, this system of rent as compound interest requires an economic paradigm of infinite exponential growth just to remain stable let alone prosper. Anyone who thinks exponential growth can continue indefinitely on a finite planet is either crazy or an economist. I forget who said that, but I can bet it wasn't a banker.
 
 
+3 # Bigfella 2012-07-12 22:27
Viva the People of Spain and fk the banks!
 
 
+3 # jwb110 2012-07-13 09:28
The People of Spain have gotten the "message" and are doing something about it. Too bad the people of the US are standing idly by while their Democracy is being stolen from them.
We can hope that Spain will light the fire of a world wide movement to stop this lunacy.
 
 
+3 # reiverpacific 2012-07-13 11:54
Spain is my favorite country to which I am planning to return and it pains me to see what seems like a return to the Franco era in terms of police and right wingers squashing protests and "occupy" but it WILL go viral and we should watch this carefully.
The really inexcusable point is that Spain, unlike Greece, Ireland and Italy, did everything "Right", played by the rules but it's the same type of suited, greedy and protected termites in the economical woodwork like Rato, that brought the country down as in the US. Housing prices over-inflated, speculative casino trading behind Chinese walls and illegal use of funds entrusted to the by their grassroots customers, who are now the victims of something they don't even understand (sound familiar yet?).
The people of Spain and Europe are seeing through the economic "Austerity theory" smoke and mirrors, who benefits from them and who loses -ask Angela Merkel, and will do something radical; they are not a cowed and dumbed-down as those who listen to the Rethugs and FOX in the "Fragmented States".
Also, they have much more to fight for like universal health care, decent infrastructure and social services and they are not over-financing a bloated military death machine to the exclusion of all else. These things are ingrained in the socio-economic structure of "Civilized" nations (US excluded) and the people WILL retain them -that's what eventually brought Frau Thatcher down!
¡Viva la patria en patriada!
 
 
+2 # Doubter 2012-07-13 17:32
What a wonderful world of equal opportunity!
Where a guy name like "Rato = raton = thief!" and who IS a rat fink and a thief, can rise to be the official conductor of WORLD MONETARY POLICY!
I call myself "Doubter" because I'm not convinced I'm not dreaming. Ever since I got sucked into WWII the world has appeared surreal, or at minimum, insane.
I thought "the world" would become rational after going through WWII; but, if anything, it has become MORE AND MORE IRRATIONAL. I remember my little daughters being taught atom bomb attack drill. How's that for insane?
 

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