Spain: The Latest Shoe to Drop
Europe is in deep crisis.
by Stephen Lendman
This one won't be the last. The late Bob Chapman warned years ago about what's unfolding now in real time. He explained what this writer calls bad policies assure bad results. It happens every time.
They've simmered for decades. They continue now. They're worse than ever. Gresham's Law explained that bad money drives out good. So does bad behavior.
Money power in private hands assures it. Throughout its history, the Fed bears direct responsibility for monetary debasement and decline of American living standards. A 1913 dollar isn't worth a plug nickel today. Ahead perhaps it'll be worthless.
Chapman predicted it. He was spot on about what he told readers. He was way ahead of what others revealed. Before anyone saw trouble coming, he warned about easy money, market manipulation, reckless speculation, counterproductive fixes, and unsustainable debt causing today's crisis.
He predicted an eventual house of cards collapse. Only its timing remained uncertain. He said it could happen anytime from 2012 to 2017. He's not around to see it. It won't be pleasant when it comes.