Your video, Bull attacks 4x4 in Spain, has made it into the Top 15 New Videos listing. Congratulations on your achievement. For your contribution you have been awarded 1 Power Point.

Your video, The Solar Power Towers of Southern Spain, has made it into the Top 15 New Videos listing. Congratulations on your achievement. For your contribution you have been awarded 1 Power Point.

That was amazing! *doublepromote

Locations in order of appearance:

1:15 Pont de Bir-Hakeim, Paris, France
1:30 Berlin Wall Memorial, Berlin, Germany
1:43 La Sagrada Familia, Barcelona, Spain
1:56 Hoxton Alley, London, UK
2:11 Regents Park, London, UK
2:33 Calle Traghetto Vecchio, Venice, Italy
2:49 St. Pauls Cathedral, London, UK
3:08 Rooftop Terrace, Copenhagen, Denmark
3:25 Sand Dunes, Dubai, UAE
3:33 Red Square, Moscow, Russia
3:45 Gulfoss and Gljúfurárfoss Waterfalls, Iceland
4:01 Mrs. Macqauries Point, Sydney, Australia
4:19 Shibuya Crossing, Tokyo, Japan
4:36 Brooklyn Bridge, New York City, United States of America

We're morally superior to them because we do it in an abattoir and have a modern drainage system. God we're so civilised.

If only right wingers gave half as much of a shit about innocent kids getting bombed/killed/raped in Aleppo and elsewhere as they do about animal sacrifice when it's done by a Muslim.

I look forward to seeing the same commitment to comments about seal cubs being beaten to death by blood thirsty Americans, Canadians, Swedes, Fins, Russians, Norweigans. Or when whales and dolphins are slaughtered in open water in Japan. Bulls tortured in Spain.

Correct me if I'm wrong, but the referendum is not legally binding, is it?

So what happens if the plebs vote in favor of Brexit?

Brussels dispatches men in finely-tailored suits to London, with goodies in their suitcases. Politicians become supremely motivated to convince the plebs of the wrongness of their views -- or they take their continental brethren as an example and just ignore the plebs altogether.

Jokes aside, it might very well be a vote to leave a sinking ship.

Anyone here really think the EU can survive the groupthink-induced fixation on austerity? Anyone seen the economics data coming from Italy lately? Greece? Spain? France? Anyone think Italy can be in a single currency with Germany under German control? Anyone think the EU can survive the fall of the Euro or the departure of significant member countries?

The way I see it, the EU cannot survive economic orthodoxy. Greece is dying, Italy is bleeding from every orifice. Even as a strong supporter of a unified Europe, including Russia(!), I cannot support the EU in its current form -- it's rotten to the core and dominated by groupthink.

And with all that in mind, the fact still remains that the EU kept the Tories somewhat in check in many regards. What a disheartening situation...

from the source @ youtube:

The animated film, “#Justino,” features a security guard at a mannequin factory. Since Justino works the graveyard shift, he has very few chances to interact with his coworkers. With a little bit of creativity, Justino devises ways to connect with his colleagues by using the factory’s mannequins to create situations both amusing and moving. His coworkers appreciate his playfulness each morning, and find a way to repay his generous spirit in kind.

One new feature this year is social media activation. The factory, “Fábrica de Maniquíes El Pilar,” has its own Facebook profile reporting on its day-to-day activities. And we can follow Justino’s nights in real time via his Instagram account @justino_vigilante.

On Nov. 16, #Justino, from the animated short, became the No. 1 trending topic in Spain and No. 5 in the world on Twitter. The film exceeded 1 million views on YouTube within a day.

A national tradition since 1812, Spaniards look forward to the annual Christmas lottery even if it means standing in line for hours to purchase the tickets. Nicknamed El Gordo, which means “the fat one,” prizes are valued up to more than €2.2 billion, making it the biggest lottery prize in the world.

It’s common to “share” the lottery by buying “participaciones,” or “shared tickets” at offices, with friends and family, and at bars. The belief is that the Christmas lottery is unique because it’s one that Spaniards participate in together, and if they win, they win together.

[author flagged as a spammer - redacted]

[author flagged as a spammer - redacted]

3:00 "do you think this conversation is happening in any other country?"

FFS, does anyone really think that the US has a monopoly on political conversation?

The same conversation (well, a less retarded version of it anyway) is happening in the UK, Ireland, Australia, New Zealand and Canada. And that's just in English. There are political debates in Germany, France, Switzerland, Spain, Italy, Portugal. Hell, I bet no talks about anything ELSE in Greece!

Italy:
Renzi is creating the conditons for a new bubble? Through deficit spending on... what? Unless they start building highways in the middle of nowhere like they did in Spain, I don't see any form of bubble coming out of deficit spending in Italy. The country's been in a major recession for quite some time now, with no light at the end of the tunnel and a massive shortfall in private spending. But meaningful deficit spending requires Renzi to tell Germany and the Eurogroup to pound sand -- not sure his balls have descended far enough for that just yet.

Referendum in Switzerland:
"Vollgeld". That's the German term for what the initiators of this referendum are aiming for: 100% reserve banking. It's monetarism in disguise, and they are adament to not be called monetarists. But that's what it is. Pure old-fashioned monetarism. Even if you don't give a jar of cold piss about all these fancy economic terms and theories, let me ask you this: the currency you use is quite an important part of all your daily life, isn't it? So why would anyone in his or her right mind remove it entirely from democratic control (even constitutionally)?
If you want to get into the economic nightmares of it, here are a few bullet points:
- no Overt Monetary Financing (printing money for deficit spending) means no lender of last resort and complete dependence on the market, S&P can tell you to fuck off and die as they did with PIIGS
- notion that the "right amount of money in circulation" will enable the market to keep itself in balance -- as if that ever worked
- notion that a bunch of technocrats can empirically determine this very amount in regular intervalls
- central bank is supposed to maintain price stability, nothing else -- single mandate, works beautifully for the ECB, at least if you like 25% unemployment
- concept is founded in the notion that the financial economy is the source of (almost) all problems of the "real" economy, thereby completely ignoring the fact that decades of wage suppression have simply killed widescale purchasing power of the masses, aka demand

Visegrad nations:
From a German perspective, they are walking on thin ice as it is. The conflict with Russia never had much support of the public to begin with, but even the establishment is becoming more divided on this issue. Given the authoritarian policies put in place in Poland recently and the utter refusal to take in their share of refugees, support might fade even more. If the Visegrad governments then decide to push for further conflict with Russia, Brussels and Berlin might tell them, very discreetly, to pipe the fuck down.

Turkey:
Wildcard. He mentioned how they will mess with Syria, the Kurds and Russia, but forgot to mention the conflict between Turkey and the EU. As of now, it seems as if Brussels is ready to pay Ankara in hard cash if they keep refugees away from Greece. Very similar to the deal with Morocco vis-a-vis the Spanish enclave. As long as they die out of sight, all is good for Brussels.

I would add France as a point of interest:
They recently announced that the state of emergency will be extended until ISIS is beaten. In other words, it'll be permanent, just like the Patriot Act in the US. A lof of attention has been given to the authoritarian shift of politics in Poland, all the while ignoring the equally disturbing shift in France. Those emergency measures basically suspend the rule of law in favour of a covert police state. Add the economic situation (abysmal), the Socialist President who avoids socialist policies, and the still ongoing rise of Front National... well, you get the picture.

Regarding the EU, I'll say this: between the refugee crisis (border controls, domestic problems, etc) and the economic crisis, they finally managed to convince me that this whole thing might come apart at the seams after all. Not this year, though, even if the Brits decide to distance themselves from this rotten creation.

You wouldn't like my resolution.

Course main reason majority of Americans are against it is our culture and heritage. Americans have never ran. During British rule we didn't run to Louisiana territory begging Spain or France to accept refuges. We took up arms and bled for our land. Patriotism is not bad as political correctness morons try to push.

That's why for us, or many of us, refugee makes no sense. And our forefathers even exclaimed if any Americans became refugees they deserved no country, our creed "give me liberty or give me death!" The 2nd amendment left behind by our founders to ensure a free society.

"We need a revolution every 200 years, because all governments become stale and corrupt after 200 years. " - Benjamin Franklin

"The tree of liberty must be refreshed from time to time with the blood of patriots and tyrants." - Thomas Jefferson

The word refugee makes absolutely zero sense to Americans. At least me being Generation X and all my generation and older. You do not run you die fighting. The beginning of the Revolution Americans didn't have hardly any weapons, it was sabotage and terrorism and the capture of gun stockpiles by militias the armed the beginning, then France helped supply us.

They should right, but the proof is they are not refugees! That's media political correctness lies. Just as said in that video
Quote by Muslim - "this isn't refugees, this is invasion"
They use political correctness as a shield to get in.

Penelope Cruz is from Spain.

That's certainly possible, but I can think of other plausible explanations:

• Spain's problems mainly involved real estate and non-productive investments. Maybe Greece was doing a better job of employing the borrowed funds, and therefore lost more with their removal?
  
• Spain's austerity program started in 2010, their bailout was in 2012 but they left the program in January 2014. You can clearly see the dip in GDP during that timeframe, although as you say it does seem suspiciously small. Perhaps the effect of austerity was actually greater in Greece because the initial recession was deeper and the period of austerity was greater?
  
• Spain's economy is more export focused, which helped offset the impact of reduced domestic demand (although at 33% of GDP vs 28% of GDP it's not enough).
  

Take a look at these two charts, if you have a minute.

Spain: left scale is GDP (green) and industrial production & construction (black), right scale (inverted!) is unemployment rate (red)

Greece: same data, same scales

Unemployment tracks industrial production & construction in Greece and Spain, as you would expect. And so does GDP in Greece, but not in Spain.

Why?

It's too big a difference to not wonder if someone's fudging the numbers here to make it like austerity did the trick for Spain.

Pure quality by John, as usual.

There are a few points I'd like to add, in order of appearance.

5:10 – Greek default or Grexit could be manageable by the rest of the EZ, economically. Italy looks a bit shaky and Spain still looks like shit, so things could spiral out of control, but chances would be better now than they were in, say, 2010.

However, Grexit would be a political nightmare. EZ membership is supposed to be irreversible, so Grexit would reduce the Euro from a common currency to a peg when viewed from the outside. That's open season on the rest of the PIIGS. If Greek then rebounds, other people might very well decide to give Germany the finger and leave as well. If Greece fails, you have a NATO member turn into a failed state, which not only gives NATO the shivers, but also buries any notion of solidarity within the EU. This union survives because of the promises it makes, which include increasing standards of living and solidarity among different peoples. Without it, we're left with... what exactly?

And nevermind the humanitarian catastrophe taking part in Greece. We've conditioned ourselves to block out the pain and suffering of people in Africa. We even manage to shrug at the cesspool of corruption that is Kosovo. But if we do that to Greece as well, what little moral authority Europe might still have left would be gone then.

5:32 – The last payment Greece received was in August, long before Syriza took over. The previous government was in disagreement with the Troika and therefore transfers were frozen.

5:57 – Troika payments are required to service previous debt obligations. They are separate from what the Greek banks require to maintain their liquidity. That would be Emergency Liquidiy Assistance (ELA) from the ECB, which is a different thing entirely, even though it comes from a member of the Troika.

The ECB is bound by law to maintain and ensure the stability of the banking system(s) within the EZ. If a bank runs into liquidity problems, support is provided by the national bank of the respective country, which funnels funds from the ECB to the troubled bank. That's ELA, and a limit on ELA is a limit on the amount of funds that banks can draw from through this process. If an illiquid bank is cut off from ELA, it goes belly up. Bad idea.

Some argue that the ECB should not provide ELA to those Greek banks anymore, since they are insolvent, and ECB rules forbid ELA to insolvent banks. But as Varoufakis said, even the ECB's own Single Supervisory Mechanism (SSM) department, which is the new banking oversight, declares the four large Greek banks to be solvent. So there is no reason for the ECB to cut ELA to Greek banks. It's all political, and the ECB is designed to be outside of politics. That's also a reason why its membership in the Troika is so controversial.

The political argument for cutting off ELA is that Germany et al. are on the hook for the total amount should Greece itself go belly up. Somewhere along the line, someone made the glorious decision to install the ECB as a currency issuer without providing it with the attributes of a regular currency issuer. If the Bank of Japan or the Bank of England racks up losses, noone cares. They issue their own currency, they cannot go bankrupt, whatever debt they have in their books is irrelevant, for this discussion anyways. But the ECB has to balance its books, it has to receive funds from its members to balance losses, and in proportion to their economic size.

They made sure that politicians can scare the demos by pointing out how they have to foot the bill for this shit, even though it's the one entity where debt truly doesn't matter at all.

By the way, the funds that Greece is hoping to acquire are meant, primarily, for two purposes: making debt payments and to provide financial room to convert ECB(?) debt into EFSF debt (4% interest down to 1%). That's all. No spending.

6:54 – "Printing" money is generating demand out of thin air. There is a shortage of demand throughout the entire continent. So yeah, if the folks at the ECB could type in a few numbers, that would be swell.

Even Germany has a shortage of demand. We are merely hiding it behind the €200b+ of demand that we steal from other countries, i.e. our current account surplus. But the infrastructure and investment spending over here is at all time lows. We'd need an additional €200b+ just to get the infrastructure back to the state it was in a decade ago.

There is no productivity growth in Europe. The UK actually lost a lot of productivity by its introduction of zero hour jobs and other forms of slavery. Without sufficient demand, there is no need to improve production capacities – they can't even sell what they could produce right now.