A Chain for Freedom

As the Wall Street Journal reports today, “hundreds of thousands of Catalans protesting what they consider economic and cultural abuse by Spain’s central government joined hands in a 400-kilometer (250-mile) human chain Wednesday to underscore their call to make this industrialized region an independent nation.  Catalonia claimed for independence from Spain

The area of what today is Catalonia was a part of the Hispanic March, a buffer zone beyond the province of Septimania, created by Charlemagne in 795 as a defensive barrier between the Umayyad Moors of Al-Andalus and the Frankish Kingdom.

In 985 the Hispanic March was attacked by the Muslim general Almansur, who managed to take Barcelona, which was pillaged and sacked. Many citizens were taken prisoner by the Muslim forces. Borrell II, Count of Barcelona, sent a request for help to King Lothar III, the current King of the Western Franks, but although documents of Borrell’s refer to royal orders that must have come from this embassy, actual military assistance was beyond Lothar’s power. What appears to have been a similar plea to Hugh Capet resulted in a letter from Hugh to Borrell promising aid if the count preferred “to obey us rather than the Ishmaelites”, but in any event Hugh could not persuade his nobles to support a southern expedition. No answer to Hugh’s letter is known from Borrell, and the connection between the March and France was effectively broken. Catalan historians now consider this the point at which their nation became a sovereign power, and the millennium of their independence was celebrated in 1987″

Catalonia became part of the Crown of Aragon in 1137, when the Kingdom of Aragon and the County of Barcelona (with the County of ProvenceGironaCerdanyaOsona and other territories) merged by dynastic union with the marriage of Raymond Berenguer IV of Barcelona and Petronilla of Aragon; their individual titles combined in the person of their son Alfonso II of Aragon, who ascended to the throne in 1162. This union respected the existing institutions and parliaments of both territories.

The Crown of Aragon was a composite monarchy, ruled by one king with a personal and dynastic union of the Kingdom of Aragon and the county of Barcelona. At the height of its power in the 14th and 15th centuries, the Crown of Aragon was a thalassocracy (a state with primarily maritime realms) controlling a large portion of the present-day eastern Spain and southwestern France, as well as some of the major islands and mainland possessions stretching across the Mediterranean as far as Greece. The component realms of the Crown were not united politically except at the level of the king, who ruled over each autonomous polity according to its own laws, raising funds under each tax structure, dealing separately with each cortes. Put in contemporary terms, the disparate lands of Aragon functioned more as a confederacy of cultures rather than as a single country. In this sense, the larger Crown of Aragon must not be confused with one of its constituent parts, the Kingdom of Aragon, from which it takes its name.

In 1469, a new dynastic familial union of the Crown of Aragon with the Crown of Castile by the Catholic Monarchs, joining what contemporaries referred to as “the Spains”[ led to what would become the Kingdom of Spain under King Philip II.

The Crown of Aragon existed until it was abolished by the Nueva Planta decrees issued by King Philip V in 1716 as a consequence of the defeat of Archduke Charles in the War of the Spanish Succession.

As a result of that defeat, which took place 299 years ago today on the 11th of September 1714, when after a long siege, the Bourbon army of Philip V finally conquered an exhausted and defeated Barcelona, the Crown of Aragon was dissolved and Catalonia lost all its liberties, becoming a “de facto” colony of Spain, situation that remains unchanged today.

With today’s human chain Catalans strive to continue a path towards total independence from Spain and to be able to make of Catalonia a new state in Europe.

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4 April 2013 TYR reads

Helicopter QE will never be reversed @ The Telegraph Ambrose Evans-Pritchard hints at what the nature of the end-game of this monetary era might be…and it is printing money…forever. With an apparently neutral style and quoting potentially apocalyptic outcomes if permanent money printing by Central Banks is not considered ( “A breakdown of the global trading system might be one, armed conquest or Fascism may be others – or all together, as in the 1930s.”), the idea of a radical change of the monetary and economic system, without democratic consent, is being gradually introduced to a public opinion that is largely unable to understand the consequences of such monetary policies. He concludes: “Bondholders across the world may suspect that Britain, the US and other deadbeat states are engineering a stealth default on sovereign debts, and they may be right in a sense. But they are warned. This is the next shoe to drop in the temples of central banking.”

97% Of Spanish Social Security Pension Fund In Domestic Bonds @ Zerohedge “It appears, since the Spanish government does not explicitly have its own Fed to monetize debt, that it has merely plundered another quasi-governmental entity to do the bond-buying reach-around.”

Bank of Japan unveils aggressive easing @ Financial Times “The BoJ said it would double Japan’s monetary base from Y135tn ($1.43tn) to Y270tn by March 2015, mainly by buying more long-term government bonds.”. “We can’t escape deflation with the incremental approach that’s been taken until now,” Mr Kuroda said after the announcement. “We need to use every means available.”.

As Mr. Evans-Pritchard mentions in his article, “There were two extreme episodes of money printing in the inter-war years. The Reichsbank’s financing of Weimar deficits from 1922 to 1924 – like lesser variants in France, Belgium and Poland – is well known. The result was hyperinflation. Clever people made hay. The slow-witted – or the patriotic – lost their savings.”. The policies and situations described in the articles above suggest that it might happen, again.

24 January 2013 TYR reads: Apparitions in the Fog

Apparitions in the Fog @ The Burning Platform In this apocalyptic article, Jim Quinn exposes the foundations of the present economic “system”. With the assistance of a series of charts, it is convincingly argued that: the economic recovery is a mirage, that the middle class is being destroyed in the USA, and by extension in the western world, and that a bigger crisis, not only economic but social also, is unavoidable. From this, he draws apocalyptic conclusions that might or might not come to happen. Actually, one could think of apocalyptic scenarios quite different from Quinn’s. Think “1984” squared. If you concentrate on the charts and what they mean though, you’ll not go wrong as to the nature of the present economic and social situation. Some excerpts and many charts:

“Real GDP, using a dramatically understated inflation rate, has barely grown by 1% in 2012. Using a true measure of inflation, the GDP was -2% during 2012.”

“The number of people who have left the workforce since last December (2.2 million) almost matched the number of newly employed (2.4 million), as the labor participation rate has collapsed to a three decade low of 63.6%. The propagandists attempt to peddle this dreadful condition as a function of Baby Boomers retiring. This is obliterated by the fact the 55 to 69 age bracket has added 4 million jobs since Obama became president, while the younger age brackets have lost 3 million jobs. The working age population has grown by 13 million since 2007 and there are 4 million less people employed.”

“Another 1.5 million Americans were forced onto food stamps during 2012, bringing the total increase to 17 million since Obama assumed office.”

“Real average hourly earnings were flat in 2012, and have fallen 1.5% since Obama became president. The average middle class worker is making less than they were forty years ago.”

Jan2_Real Wages

“The reason Bernanke, Geithner, Obama, Wall Street, corporate titans, and media pundits focus their attention on the stock market is because they are looking out for their fellow 1%ers. The working middle class, once the backbone of this country, own virtually no stocks.”

20110410-062035.jpg

“The storyline of austerity and deleveraging perpetuated through the mainstream media mouthpieces is unequivocally false, as consumer debt has reached an all-time high of $2.77 trillion, driven by a surge in subprime auto loans and subprime student loans.”

The enslavement of our children in student loan debt and handing them the bill for $200 trillion of unfunded entitlement liabilities will be the spark that ignites the worst part of this Crisis.

Student Loan Projections

“Those in power realized very quickly that without continued credit growth, their entire corrupt, repugnant, fiat currency based debt system would implode and they would lose all of their fraudulently acquired wealth. That is why total credit market debt is at an all-time high of $56 trillion, and 350% of GDP. The National Debt of $16.5 trillion is now 103% of GDP, well beyond the Rogoff & Reinhart level of 90% that always leads to economic crisis and turmoil.”

“A critical thinking human being (this rules out 95% of the adult population) might question how corporate profits could surpass pre-collapse levels when the economy has remained stagnant.”

“Shockingly, the entire profit surge was driven by Wall Street.”

TYR 4 October 2012 reads

Spanish Prisoners @ NYT The catalan secessionist movement has sound economic, cultural and historical roots. It should be respected. In all aspects but name, Catalonia is a colony of Spain.

Chart Of The Day: The Rise Of Global Central Planning @ Zerohedge It starts like this…”there was a time when the world had (somewhat) free markets.”. The article does not contain a lot of information, but it conveys the idea with perhaps the most explanatory power in order to comprehend the present crisis: western societies are fast morphing into a neo-feudal regime, confiscatory, unelected, undemocratic, repressive, where central banks play the role of exercising the power usurped to individual citizens and democratic institutions. Behind the central banks, the real “owners” of power, a financial elite that in many ways remains hidden. The process started with the Magna Carta goes into reverse.

French Economy Implodes @ Mish’s Global Economic Trend Analysis the Markit Composite PMI sports the steepest rate of contraction since March 2009 with job losses accelerating at the fastest pace in 33 months and output plunging at the fastest rate in 42 months.