British go home... XD

This was at Barajas airport

Contextual update later today...

Update: Last year Iberia was merged/sold to British Airways. Workers were promised no harm will come to them. Today they are facing the fire of 3000 employees

Message from the Spanish people to the German people

Join us against politicians and bankers or die with them

Brace for impact! Technocrat coming to Spain!

Something's moving in Spain.

The party in power has been accused of illegal financing, with all kind of documents, bills and balance settlements. Important politicians in the PP (Partido Popular) have been reported to have received "envelopes full of cash" during almost 2 decades.

The head of the operation is Luis Bárcenas-Gutiérrez, former accountant within the PP

The fact that he controlled an account in Switzerland with €22 million EUR (something he celebrated with Champagne) was uncovered by the Spanish mainstream media, and then a regular stream of document images, allegations and even admissions to have received cash from the infamous accountant flowed into the media. Even traditional press allies of the PP published these documents.

Now, the question of why this information is being uncovered now remains most suspicious. In a country in which local barons make what they wish, including but not limiting to

• building airports with no flights (such as Castellon and Ciudad Real). Speaking of Castellon airport, the local government opened the unused airport for somebody to test his brand-new racing car on the ways that were built for airplanes. Someone had a cool day indeed.
• giving contracts and public jobs to friends and family and publicly saying that it is not only legal but moral
• dismissing accusations saying that news refer to something from long ago (OK now I'm gonna kill somebody, hide for a day and then say that it's yesterday news and that everything should be forgotten)
• accusing citizens (and voters!!!!!) to be corrupt and immoral and thus inducing the political class they deserve

No wonder that the Prime Minister is frightened to death

and he decided to calm down everybody and explain himself to remove any shadow of doubt in the most Orwellian visualization

No wonder that many are losing their faith in this "democratic system"

Now, who is behind all this? There is only room for speculation, but most likely it is the Euro-American powers who are dissatisfied with Rajoy's evolution and lack of a plan to ask for a European bank bailout.

Who will be the technocrat? Well, he/she has to be trusted by TPTB, and my take is that it will be either Joaquin Almunia (an economist who lost to Jose M Aznar and has been in Brussels for 13 years) or Esperanza Aguirre (an aristocrat with supreme international connections).

By the way, she is the only one of the leaders within the PP that has not been accused in the scandal.

Gold follow up

If any of you is holding EUR, dump them and buy gold. Gold is at 1 year lows, this year France will fall, we can easily retest 1.20 in EURUSD and probably 1.10, remember that the Fed to ECB balance sheet ratio fell since Dec '11 because of Draghi's infamous LTROs.

Spain is zombified like Greece. La France will feel the bait of ferocious hedge funds for the first time. You don't want to be caught in the middle.

There are some good deals. Check German shops such as Anlage Gold and Coin Invest Direct, they have very competitive prices. Silver is a buy too, Anlage Gold has the most competitive prices in this case. Check whether your country has exceeded the VAT allowance with Germany for the year (it depletes soon into the year for countries such as Spain, Italy and Greece, a trend that started two years ago).