Definitely, yes ,it is a nightmare and a cosmic joke. One can not believe but this is, as it is.Cheers!
To avoid any legal harassment, all written here is a tale and fake news, artistic statement of some semantics randomly put, it is obvious that this is not real. And it is not approved by the Ministry of Truth.
The Babel Tower
The best way to see something, to get a big picture, is to go in some small, mouse dropping State, climb the highest building or climb a tree and look and loo down to calculate the height of the trickling down effect on the ground.. And this is the case study of Slobanja (no ganja), and its reverse growth Benjamin Button style and the slow collapse under the ECB Trotter, troika somebody out there over the rainbow Tower rule.
The case study of a retarded collapse
This case study will prove the Beggars Law;
if you are short of (you have no) 1 Euro/dollar, and you borrow 1euro/dollar, you are short of 2 Euros/dollars, if you are short of 4 Euros Dollars, and you borrow 4 euros/dollars , you are short of 8 euros , if you are short of 8, you borrow and you have a hole in your pocket of 16 and so on and on until … because you have to return what you have borrowed, and if you do not have the money, as it is obvious,
Your compound interest grows into a blob
This Beggars Law, a Nobel prize winning History fact, is called the structural deficit, or, a structural black hole spreading in your society,and it is under this name that Witchdoctor uses it, true or false, the hole grows.
-The situation described here, a case in which a state is not a currency issuer, no Central Bank to speak about, strange as it may seem, but for this situation better ask the Trotter euro tower and the politician pals in Slobanja and around.
-the case study -Slobanja- has one of the biggest growth indexes in all Eurojacket states, 2.4%, 2,8% ,a stunning 90% export, fantastic,or somewhere there depending on which data one leans and not calculating the spin, other factors of growth, like drugs , prostitution and human trafficking,black market economy,etc, as the Eurostat does by law (and it is not a joke)
Now, the Masters from the Eurojacket have put this mouse dropping on a special list ,a watchyou or you will see what comes after, even if the data are not lousy at all, compared to other beggars in the area.
But let see the picture of a good pupil, slave minded, trying to please, forever.
The Growth is not covering the interest rate on the debt, because the debt is serviced around 3% on average (or more) ,being contracted a while ago, currently 83% ,it was 27% just five years ago. The interest on debt is round 1 billion a year, GDP around 35 billion, budget deficit around 2,4-2,9% GDP depending on who and why,that is something under 1billion, state budget around 9 billion. 2 or little less (do not want to count the bad bank, reservation for some lost judicial lost causes, big money, then some new 300 millions to the starving public sector…, all in hundreds of millions and more..) billions missing. Every year, not bad ,huh? 2 Bbillions of new taxes, huh, not bad? Ok, 1 billion is covered by some growth,last two years, who knows what the future will bring, que sera sera Doris Day, what a waste of money and work just to pay the interests, lets make some new bonds /new debt, sell them to your preferred vacuum cleaner financial pal, residing on planet Mars and wait and see.
So, we see a black hole in all its beauty, the overall taxation is around 50% of all thing moving and still, no room to move, but they plan more taxes.
Even with this growth, Slobanja is sinking.Well, it is a slow motion,a zombieland speed. And to fulfill the wishes of the masters,it is taking further austerity measures, which work like this; the Public sector, bloated, is getting his money, but for that money is not giving any output. People are being paid for doing nothing, except collecting tax for doing nothing. WHY? Simple, they do not have the money to produce any program or investment or plan (hello, Marshall?) of any type. Like, for example, a Museum,or any Agency , (and there are many, really many) have no exhibitions, no programs, the money is there only for the wages.Imagine dong nothing until you die, but exercising power all the time?
Witchdoctor knows you like it, it is your wet dream. And certainly you do not want the Universal Citizen income, it may even make you look and search for some extra real work, and you get much more in this your current status of exercising power for nothing..
Same goes with the health,you pay, you wait, until you die. The corruption rises, more you wait, more you pay out of your pocket, more they buy at the highest price, medicines, spare parts, like your new hip, they cost 100-500% more than in Sweden. Same goes with the pensions, they have to be cut, more, yes more, and more after, says OECD and the other abracadabra pals.
Fantastic new demand side waiting,as we see, everybody on peanuts and aspirin waiting for the future growth, soon to be televised globally! On top,a fiscal “policy” with no counterpart, a simulacra with no investing in anything,. Not investing and shrinking, which is good, the Erojacket think tank says and orders some new fiscal compact or any other iron sandwich.
The trains still travel from long gone times of the Austrian Empire on average speed of 30 kilometers, but the Eurojacket says, that is your speed, do not invest,forbidden, it is a breach of the Iron Sandwich paradigm. This is how Austerity works in real world.
Now,do we see what is the meaning of word nonsense? In all aspects?
Because the structural overall cost of a State /society, even if a good one, is always a race to the bottom in the debt driven economy. The second principle of debt driven competition , as today. See the Fins case, down.
And do wee see the train of debt driven economy sucking and vacuuming all, derailing in the slow motion, even at 30 km per hour? Regardless of a bad state structure in many parts,the same applies to almost all Eurojacket, Us, Gb and similar, except maybe swiss, swede, or fins,
The case study and the Beggars Law prove that it will all end in tears, but it is not sure if ,after the afterclimax ,they will all hug and sob together and feel good and stay big friends.
The Fins case
Maybe you have forgotten, these were the guys, they live far north, 6 months of no sun, just night, and then 6 months of daylight, no night, and sometimes the Aurora Borealis helps them through the day.That is why they wanted the Athens Acropolis
as a collateral for their good deed which was the sending of the Troika to Greece. But as good as they are and so obliging to abide and propagate the “household economics”, i.e spending only what you earn, they got in the same trouble as the other -Slobanjo pals. Same deficit, on top the trade deficit,debt rising with no corruption and waste. This proving that recipes can not work, but they will retry, over and over with the same recipe, and maybe just at the last instant of the collapse of the debt driven economy they will succeed.The best, good arse licking pupil, hard on lazy southern Pigs, and see, look, what a pity!
The bankers are crying
This is all true but not fact checked by the masters, but the recent gathering of all the top guns of the Slobanjo banks gave this result; nobody wants their money anymore, the banks live on rising fees for their “services”, nobody wants to invest in any financial instruments they peddle, people just pour money/savings in the banks, the banks do not know what to do with all this reserves, they do not need them, they need to make loans. But the Businesses are not borrowing, everybody is working with his own capital and profit,making /getting money through export, nobody wants to go into debt (except some not clear individuals, maybe the Public sector officers and other dealers, they buy cars, possible big, black and SUV – Special Useless Vehicles-on credit).
And there is only a year and a half left, when they will close, most of them, just by shrinking, no bubbles puffing any more.What will happen with the money supply?
The Uncles from ECB know this situation, they can QE as much as they like, but who needs this toilet paper , except for the workforce, but who cares about that losers, let them eat cake…This shrinking of credit is spreading from the south of the Eurojacket slowly up north. The fulfillment of the spend what you earn collapse, but this is good news in this fake news.
The Elite case, or who needs a shrink=?
And then we have the “Elites”, like the Slobanjo finance minister, member of some “spiritual”sect where they speak some foreign language, because their Guru told them it is a sacred language, and he is also teaching them the “language of the angels”.
And the former president of the Us telling Greeks he is against austerity and then telling the “mutti” Merkelova he would vote for her if he was a Nibelungen citizen, regardless they were the inventors of austerity and tested it on the Greek Guinea Pig, but anyway his staff was proposed by the Citybank or something there, some others seeing Aliens or talking to them, or just meeting in some global clubs and dividing the cake, etc.And the new musician on trumpet, successfuly has conned all this white males or similar simpletons, member of the same elites, only much more right of the right as can you go right, 6 times bankrupt and paying no taxes, poor fellow needs a helping hand, but he will control you 24/7, especially what toilet paper you use in your private chambers. But all this is not true, it is a tale told by an idiot, full of sound and fury, signifying nothing..
The Whore of Babylon
The multitudes of harlots and the organized unfaithful, fighting for crumbs and glory, the money changers and their money trees surrounded by temples, fake pyramids and the fury, glistening and razor blades, dark alley of the timeless Id in a coma of meaning, murder and crime in the Ghost machine and the Ghost in the Machine relentlessly changing to stay the same, the Trumpets and the Dragons, Ashen Lady sunbathing, the Dark Star revolving. Playing strawman ,tinman and wizards of OZ for fun and power, using money as a toy in the sadomasochism market..
And this time no 10, 9, 8, 7, , 6, 5,4, 3, 2 good people, no turning around when escaping Sodom, there will be nobody on that road.
Ps, the ghost in the machine title is a homage to episode 7, Inspector Morse, 30 years coming… yes, whodunit, implicit in this fake news..
The data were checked, just to be a little certain, http://www.tradingeconomics.com/, but it is a tale, anyway.