http://www.zerohedge.com/news/2013-01-05/two-spaniards-self-immolate-due-financial-problems
Two Spaniards Self-Immolate Due To Financial Problems
Submitted by Tyler Durden on 01/05/2013 11:39 -0500
http://hat4uk.wordpress.com/2013/01/04/spanish-bonds-scandal-wall-st-journal-now-only-3-years-behind-the-slog/
First it was a German, then an Italian, and now, two months, later, the European self-immolation wave has spread to the country that many expect will be the next one to follow Greece into effective debt default. El Pais reports that an impoverished 57-year-old man who set himself on fire in Málaga Thursday, and subsequently died of his injuries at Carlos Haya hospital. He had third-degree burns on 80 percent of his body and suffered a multi-organ failure. The victim, thought to be of Moroccan origin, had worked in construction for years but was out of a job now, said people who knew him. In the last few months he had been scraping a living with the small change he made guiding cars into parking spaces near the hospital, an illegal practice that is usually overlooked by authorities. The police, who have not yet located his relatives, are not ruling out the possibility of an accident just as the man was lighting up a cigarette. Just two minutes before the event, he bought a pack of cigarettes from a local newsstand whose owner asked him how he was doing.
“I don’t even have enough money for food,” he replied. The man is thought to have been homeless at the present time, and seemed even more depressed than on other occasions, said the stand owner.
Several taxi drivers came to the rescue with their vehicles’ fire extinguishers when they saw the man go up in flames on a side street from the hospital. A few hours after being admitted into the emergency room there, he was transferred to a specialized burn unit in Seville, where doctors were unable to save his life.
He was the unlucky one - as BBC follows, another Spaniard also lit himself on fire on Thursday night, in the same city, but lived.
and locksmiths won't aid in evictions.............Another man is being treated in the same hospital apparently after setting himself alight in Malaga on Thursday.The 63-year-old was found with serious injuries beside his burning car under a road bridge, police said.
No other details were given of that man but, according to Spain's El Mundo newspaper, preliminary investigations indicated that the fire had been lit intentionally....Spanish media have reported a number of cases in recent months of people facing poverty in the country's recession killing themselves.Considering it was an identical act of self-immolation in Tunisia that set off the Arab Spring in the winter of 2011, Europe has for shown far more resiliency to socio-economic collapse than many had expected, although this is not unexpected: after all, Europeans, and especially Spaniards, still have more to lose than gain by rising up against a reverse Robin Hood globalist system bent on taking from what's left of the middle class and giving to the status quo banking oligarchy. Or so they think: the big strawman, is and for the past 150 years has been the welfare state myth.
Then again, now that Spain has almost drained its entire social security fund, and replaced it with worthless ECB repo material, i.e., Spanish bonds, will Spaniards finally wake up and realize that while they were snoozing, their government spent 90% of their pension and retirement money to prop up the Ponzi for one more year. And instead of committing suicide, or even patching up various symptomps, shouldn't the people of Spain, and all of Europe, finally address the real underlying cause of their misery: a dysfunctional government, which contrary to indication, is merely a puppet in a banker-led globalist system?If not, how many more people have to burn themselves to death before it becomes clear?
http://rt.com/news/spain-locksmiths-eviction-suicide-332/
End to evictions in Spain? Locksmiths refuse to help oust owners amid austerity drive
Published: 04 January, 2013, 13:08
TRENDS:
Eurozone crisis
Eurozone crisis
People sit in front of banners and placards displayed by evicted people outside a branch of Caja Madrid, part of the Bankia group bailed out by the Spanish state, during a protest against evictions on the Plaza Celenque in Madrid on October 25, 2012. (AFP Photo / Pedro Armestre)
http://hat4uk.wordpress.com/2013/01/04/spanish-bonds-scandal-wall-st-journal-now-only-3-years-behind-the-slog/
SPANISH BONDS SCANDAL: Wall St Journal now only 3 years behind The Slog
How the Journal is behind the music on Spain’s social welfare embezzlement
The Murdoch-owned Wall Street Journal ran what it positioned as a ‘scoop’ yesterday on the Spanish bond Peter-to-pay-Paul thing involving the country’s social welfare funding. It was soon picked up by Tyler Durden at Zero Hedge:
‘As the WSJ notes, Spain has been quietly tapping the country’s richest piggy bank, the Social Security Reserve Fund, as a buyer of last resort for Spanish government bonds – with at least 90% of the €65 billion ($85.7 billion) fund has been invested in increasingly risky Spanish debt. The Spanish defend the use of pension funds to buy bonds as sustainable as long as it can issue bonds – and yet the only way it can actually get the bonds off in the public markets is through using the pension fund assets. The pensioners sum it up perfectly “We are very worried about this, we just don’t know who’s going to pay for the pensions of those who are younger now,” or those who are older we would add.’
In fact, the sum invested was already €56.5 billion in Spring 2010. The latest outbreak of fiscal cannibalism is relatively small by comparison.
On August 4th 2010, The Slog posted about Spain rogering itself with these words: ‘the Spanish fiscal system is virtually eating itself, as the Government there gambles away the pensions and health insurance of its own citizens in a bid to buy its own bonds and thus keep the otherwise terrified punters interested. I’m sad for the Spanish but delighted for the Slog’s reputation, as I rather fancy some were beginning to doubt my trusty source on that market. He’d told me two months ago that what he called “incestuous buggery” was taking place in the country’s financial mess; well, now I can see what he meant. ‘
So on the basis of that, they’ve probably been at it for nigh one three years by now. Last Spring, I posted (this time from published sources) to this effect:
‘In Spain, unpaid bills, public company debt, and Spanish sovereign bonds amount to €870 billion. More disturbing still – I’ve posted about this before many times – is the degree to which Spain’s social insurance budget is also deep in hock. The social security reserve fund is where the Spanish are supposed to be accumulating resources to help pay for their pensions. But this is the last thing they’re doing. According to this brand new report from the fund managers, at the end of 2010 the fund had assets valued at just under €65 billion under its charge. Of this sum, €56.5 billion billion (or over 5% of GDP) were invested in Spanish government bonds…’.
My Madrid source confirmed yesterday early evening GMT that the new level of social security plundering to buy its own junk is about €62 billion. Rape of other vital budgets is in turn at thus far unrevealed (but high) levels. As it is in Greece and Ireland….and enormously so in Italy. Over to you, Signor Monti.
Stay tuned. Chances are, you’ll read it here first.
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