Dear Friends,

             During March, I reported on the financial insolvency of Bankia, the National Bank of Spain created in the panic after the economic collapse of 2008. For prophetic reasons know only to the 'evil one' Bankia continues to drive policies, which can only further damage the global economy. Experts agree that suspending minimum wages cannot possibly aid the EU, or Spanish economy. Even comments made by the banks boss about adopting lower wages impact struggling markets.        

      These dire and bleak comments to the world financial press only drive away foreign investment, so why is Bankia and their EU masters talking about them? I strongly suspect the answer lies in the timing of the global monetary collapse. Currently, only China and the US markets are growing. That growth is 'a flight to quality' from the wreckage of weaker markets like the EU around the globe. 

     The EU economy which is normally larger than the US has contracted nearly 5%

ytd. By pushing all the panic buttons now, the EU moneymen hope the collapse of the US Dollar comes very quickly, because until it does Europe goes on sale compared to all other regions of the world. 

     Make no mistake, this collapse has long been engineered in order to loot the majority of the population through manipulation of currencies, stocks, bonds and commodities. Now, they have their bunkers full of food and their loot is stashed. It's time to burn civilization down to the ashes. This can't happen soon enough for the EU, in part because EU leaders were much more brazen than their counterparts here in the US. Also, they've been looting unencumbered for much longer and socialism left fewer scraps of their tables. Skeptics, please read on.

     After all, the EU headquarter's building and the Bankia building were deliberately named after satan's first demonic world kingdom of Nimrod to honor the only angel to ever create his own empire. Deliberate mismanagement of finances and mockery of the rule of law have been going on since at least 1980. Spending on unsustainable social programs and outright fraud and theft has accomplished the rest. 

     Now, the EU's ready for the final act of a utopian future; the creation of an elite society minus the majority of humanity. Plans exist for the starvation and eradication of 6.5 billion people. The 'demon elite' has decided this world only has enough resources to support one half billion souls.

     They have created vaccines with hidden strands of DNA that will trigger worldwide pandemics, combination SARS/bird flu viruses already killing hundreds each month and GMO foods and pesticides, which will produce the great killer famine. 

     Time's almost up. This fall expect 'the Great Human Die-off' to begin in earnest. Look to the skies, for your redemption draws near!

                                               Agape,

                                                        Michael Curtiss

 

Bank Of Spain Recommends Suspending Minimum Wage To Tackle Unemployment

JUNE 2, 2013

In the first annual report presented by the central bank since Linde took office last year, the supervisor also proposed an acceleration of reforms to the state pension system phasing in an increase and the retirement age and changes to the basis on how pensions are calculated. These reforms should be brought forward to ensure the sustainability of the system, the Bank of Spain says.The governor of the Bank of Spain, Luis María Linde, on Friday called for even more flexibility in the labor market than afforded by the reforms approved in February of last year to tackle rampant unemployment, suggesting that new formulas could be found beyond the reach of collective bargaining agreements and, in some circumstances, leaving the statutory minimum wage in abeyance.

“The seriousness of the labor market advises maintaining and intensifying reform momentum through the adoption of additional measures to promote job creation in the short term and facilitate wage flexibility,” the report said. “Here it would be worth exploring the possibility of establishing new formulas that would allow, in special cases, temporary departures from the conditions laid down in collective bargaining agreements, or exceptional mechanisms to prevent the minimum wage from acting as a constraint on specific groups of workers with most difficulties in terms of employability.”

The minimum wage in Spain is currently 645 euros a month. Spain’s jobless rate hit a record 27.2 percent in the first quarter, with 6.2 million people out of work, an increase of almost one million since the ruling Popular Party’s labor reform was introduced. The youth unemployment rate also reached a record 57.2 percent.

According to figures released Friday by the European Union’s statistics office, Eurostat, Spain accounted for 31.5 percent of the 19.375 million people out of work in the euro zone in April. Unemployment stood at record highs of 12.2 percent in the single-currency block and at 11.0 percent in the EU. The rate in Spain was 26.8 percent, with joblessness in Portugal 17.8 percent.

Bank Of Spain Recommends Suspending Minimum Wage To Tackle Unemployment [continued]