HOW GLOBALISTS USE A FLU OUTBREAK
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In just 4 months Spain has lost the wealth of 14 years and added 3.4 million workers were added to the unemployment figures. The state-sponsored and media promoted COVID coronavirus sinks Spain’s GDP by 22% in the second quarter. It is the greatest political misjudgement in history unless the economy was pushed. The country enters a recession for the third time since 2008 but a recession that is the most calamitous in Spain’s history.
Between April and June, coinciding with the confinement allegedly to contain the fake pandemic, the Spanish economy plummeted 22.1% compared to the same quarter of the previous year as a direct consequence of the paralysis of activity and economic impetus. 250,000 Spanish families assured by the Madrid Marxist-Globalist regime they would receive 80% of their pre-COVID salaries have not received a cent.
This is according to the Quarterly National Accounts prepared by the INE. In quarterly terms, the decrease was 18.5%. That of the second quarter of the year is the largest year-on-year drop in GDP in the entire historical series since the INE began to collect data.
To get an idea of the magnitude of the catastrophe, suffice it to say that the GDP at current prices registered a decrease of 244,877 million euros, which decreased to levels of 14 years ago.
It is Spain’s third recession in just twelve years.
The confinement and mobility restrictions allegedly introduced to slow the advance of the pandemic collapsed one of the main engines of the Spanish economy, national demand.
In year-on-year terms, it fell 19 points, with a never-before-known disaster of 25.7% of household consumption. The investment also recorded in the second quarter a historic cut of 25.8% compared to 2019, with falls above 30% both in the case of investment in housing and in machinery and equipment.
Spain’s exports and imports by 38.6% in the first case and 33.1% in the second collapsed. Sales abroad dropped 6.1% in the previous quarter.
Nearly 3.4 million full-time equivalent jobs have been destroyed in less than one year.
If the hours worked are measured by sector, construction showed a year-on-year drop of 32.2% in the second quarter, while services cut hours worked by 25.5% and industry by 20.9%. Agriculture moderated its decrease compared to the previous quarter, with a decrease in hours worked at 9.3%.
Here then is a taste of the future when one of the European Union’s largest economies deliberately pushes the economy over the edge and invites in the bank-supported venture capitalist to pick up the pieces at bargain-basement rates.
Images of Bolshevik revolutionary, Vladimir I. Lenin have often seen at PSOE (Socialist Workers Party of Spain) events. Lenin explained in his State and Revolution: ‘Without big banks socialism would be impossible’ State and Revolution.
MICHAEL WALSH is a worldwide journalist, broadcaster and author of 64 book titles with 36 years experience. Like other journalists of integrity, he no longer writes for corporate media, opting instead for true journalism. Source
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