Peripheral Europe

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Bulgarian belligerants

Hundreds of thousands in Sofia and other Bulgarian cities have been demonstrating for weeks culminating in the resignation of Boiko Borisov last week and his center right government. . Protests had escalated into violence with self-immolation higlighting the pain experienced by the high prices of essentials such as utility bills and food. Here is an interesting factoid for you…..the public debt in Bulgaria is LOW compared to most European Union states but the corruption of the business cartels have suppressed wages to the point that essentials are taking their toll on the masses….and we know what masses do when they lose hope…….THEY LOSE IT! 

These are signs of a fractured Union that is increasingly fragile with the financial engineering. The Fed just pumped 100 Billion last month into the Eurozone banking system to keep the illusion of recovery in place…at least for the banks…..but as you can see in Bulgaria even countries with very low debt are being crushed by the stagflation we are exporting with our reserve currency status and its unbridled printing press. Watch the peripheral countries like Bulgaria for a trigger event that lights the match in the Eurozone. Its hard to keep a good ponzi together once it starts to unravel.

Cyprus smoke

Of course we are supposed to believe the European Union is united but within this “unity” there are deep divisions not only between nations but within nations. Cyprus is one such country that has the potential to unravel quickly with the Northern Turkish occupied UDI and the South. The South has political parties and presidential candidates that uniformly condemn the secessionist North controlled by Turkey. Greece and Turkey form the backdrop for Cyprus loyalties and divisions. The fuel that now supplies the unrest is the failing economy and therein lies the Eurozone powderkeg. Of course you are not seeing any of this on your nightly news. But its there. Thousands were on the street protesting against the establishment of the North zone this week….enjoy trying to keep this game together if you’re a technocrat in Brussels.

Le grande experiment of world government had better get its act together. Its slipping. Corruption and the loss of the rule of law in these countries is crumbling the foundation of the “experiment”. Its difficult for a technocratic, non-elected government to bring any semblance of fairness back to the masses. So there remedy is giving out money in an ever-expanding socialistic agenda. The problem is that the repair is socialistic Corporatocracy….designed to maintain the control of the fascist state. Let’s call it for what it is…..a Neo-Nazi-Fascism….and from the perspective of the bankers they are just getting deeper into the hole they are digging for us.

This breeds uncertainty as the Debt Supercycle develops into its Kondratieff Winter. Instability and Wars erupting throughout regions of the World are happening now. You are welcome to close you eyes and your mind but being prepared for rough times can get you through to the “better times” in a much improved position. gl

2013-03-10 15:05:05

Source: http://kliguy38depression2news.blogspot.com/2013/03/bulgarian-belligerants-hundreds-of.html