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Wednesday, September 26, 2012

Let the Spanish 10Y go to shit

This is a story for any bond manager that still holds Spanish 3Y or 10Y...


As you know, I am living in the piggest of the PIGS. There was an illegal (and you can differentiate illegal from immoral, right?) demonstration scheduled for yesterday. People were called to surround the parliament in Madrid, to let politicians know that people is onto them, that bipartidism is a scam and so is this representative democracy.

Demonstrating anywhere near the parliament is illegal (of course...). Prior to Sept. 25th, government spokespersons compared the citizens call to surround the parliament to the military putsch in '81. Also, I believe the Catalonian independence movement is orchestrated as a smoke courtain to prevent public attention to focus on this occupy movement. I say that because people have been charged with rebellion against public institutions (see the video of police identifying suspects of "talking to more than 20 people in a public park" some days ago and the charge notification below), but none of the Catalonian politicians behind the presumed Catalonian independence have (and what is the most rebellious act than declaring the independence). None of the mainstream Spanish media spent more than 5 minutes talking about the demonstration, but there were a lot of news shows and pseudo-intellectual political debates about the independence.



Earlier that day, different police departments were ordered to stop buses going to Madrid as long as they could. They even got dogs in the buses so as to detect drugs, and treated citizens as if they were criminals.
 

The demonstration, however, was such a success that the Spanish authorities had to legalize it in order not to fill up Spanish prisons. This was not a demonstration of the tipical dog-flute guy with long and unclean hair: many senior citizens were participating.


First, some rioters (I don't know whether they are police insiders or not) broke the fence that acted as security perimeter.
 

However, the rest of the evening was pacific, until it was time for the pigs of the parliament to go to their publicly-funded, luxurious rat holes, so that everything was set up to dissolve the demonstrators. As you can see in the following video, a lot of masked guys (infiltrated police, as you will see later) with red flags approach the riot police in an attacking attitude. They were even scolded by a legitimate female demonstrator. The police then charges against them and then indiscriminately against any demonstrator.


The next video is a compilation video. You can see that the police take a guy. They later bate him up, with some of the riot police putting their shields so as to prevent outside viewers from seeing the torture, and left him paraplegic for the rest of his life.


There is proof that the riot police was involved in the riot attacks that shed blood on an otherwise pacific demonstration. In the next video you can hear "comrade! comrade! I am a comrade! ... Yes, this is a comrade, take it easy!".

After the demonstration, the riot police even got into Madrid's main train station, and indiscriminately charged against both demonstrator and commuter. The best part: you can see thse guys in yellow, they are not police, they are just the station security! This country is sick!


You can even see here threating members of the press (yes, official press!). At the end of the video, when the journalist ask the police officer to identify himself, by giving his police number, he refuses telling him "I'm gonna give you something else".


People took refuge anywhere they could. In a restaurant, "Cafeteria Prado" on Paseo del Prado 16, the owner prevented the police from entering his premises, thus protecting demonstrators. These two pictures are Pulitzer-worthy:


 
 
I am going today with some friends to pay my respects to this guy in his restaurant. I hope I find it open, since there is also a follow-up demonstration (illegally) scheduled for today, in protest for yesterday's repression.

What I want you to see, Spanish 10Y bond holder, is that this situation is no longer sustainable. Spanish people were co-responsible of the housing bubble and didn't give a fuck about industrial loss to China, as long as the State funded their services with public debt, and banks gave them mortgages with no guarantees. Spanish people must learn, suffer, and then build something real with sweat and blood. Get your money out of there, protect the people, protect your money.


Posted by Analytic Bastard at 9:48 AM
Labels: Bonds, credit rating, Economics, Economy, Europe, Greece, society, sociopaths, Spain

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