CADD Graphics
Carolina Readiness
Safety and Preparedness
NC Renegade encourages everyone to become self sufficient and continue education in all forms of safety and preparedness. The best overall site for this topic is Survival Blog by James Wesley Rawles. We strongly encourage you to visit this site and take advantage of its broad knowledge base.
Another excellent resource is Prep Tips.
Tag Archives: Spain
Spain is officially insolvent: get your money out while you still can
I’d not noticed this until someone drew my attention to it, but the latest IMF Fiscal Monitor, published last month, comes about as close to declaring Spain insolvent as you are ever likely to see in official analysis of this sort. … Continue reading
Exuberant “Reach For Yield” In Spain Leaves Retail With Up To 96% Losses
The ‘relative’ innocence of the depositors in Cyprus who saw their savings crushed by the hammer-blow of Germany’s reality last week is, it seems, not the only hardship that the European people are suffering. In Spain, thanks to their FROB … Continue reading
Spain and Portugal, Austerity Protests
Posted in Civil Unrest, Editorial, Financial
Tagged austerity, Portugal, Protest, Spain
Leave a comment
Spain Plunders 90% Of Social Security Fund To Buy Its Own Debt
With Spanish 10Y yields hovering at a ‘relatively’ healthy 5%, having been driven inexorably lower on the promise of ECB assistance at some time in the future, the market has become increasingly unsure of just who it is that keeps … Continue reading
This Is What Happens When the Police Become Militarized
Spain’s Police Beating Everyone: A Warning To America Source From YouTube: Spain’s police state has spiraled out of control as riot police are now running throughout the streets beating everyone in sight, men and woman, young and old. When the … Continue reading
Life Without Quantitative Easing
Anti-cuts protests erupt on streets of Athens and Madrid Demonstrators have clashed with police on the streets of Athens and Madrid in an upsurge of popular anger at new austerity measures being imposed on two of the euro zone’s most … Continue reading
Protesters, police clash in Madrid
Madrid, Spain (CNN) — Thousands of protesters fed up with the country’s austerity measures demonstrated here Tuesday outside the congressional building. Clashes between police and demonstrators in central Madrid’s Neptuno Square resulted in 28 people being hurt, two of them … Continue reading
Posted in Civil Unrest, Editorial, Financial
Tagged NC Renegade, Sovereign Bailout, Spain
Leave a comment
Spaniards stage large anti-austerity protest in Madrid
Thousands of protesters demonstrate on the streets of Madrid Public sector workers from all over the country gathered in the city’s Plaza de Colon, blocking major roads. The protesters say the cuts are hitting mainly the middle- and low-income classes, … Continue reading
Spanish Bank Runs and Struggling Deutsche Bank
There is a fully fledge bank run ongoing in Spain that is not being adequately reported in the mainstream news media. In June $70 billion dollars left their system. In July it was $92 billion which is 4.7% of total … Continue reading
Fears Rising, Spaniards Pull Out Their Cash and Get Out of Spain
It is, Julio Vildosola concedes, a very big bet. After working six years as a senior executive for a multinational payroll-processing company in Barcelona, Spain, Mr. Vildosola is cutting his professional and financial ties with his troubled homeland. He has … Continue reading
Spain: For Whom The Bell Now Tolls
For the first seven months of the year the outflow adds up to $368.80 billion or 17.7% of the total bank deposits of Spain and the trajectory of the outflow is increasing dramatically. Reality is reality and Spain is experiencing … Continue reading
Why Europe Matters… And How Spain Could Wipe Out Your 401(k)
Many people have been writing in to ask me, “why are you focusing on Europe so much? Who cares about Spain?” The short answer is that everyone should care about Spain. Spain could potentially take down the banking system in Europe, which … Continue reading
Spain inches closer to seeking sovereign bailout
Spain inched closer to seeking a sovereign bailout on Friday as Prime Minister Mariano Rajoy opened the door to a request, although he said he needed first to know the attached conditions as well as the form the rescue would … Continue reading
There Goes Spain
The people in Spain are protesting throughout the country as the austerity measures have cut government payrolls and services. The country cannot afford to borrow money at 7.3% to finance its debt. Once Finland forced Spain to provide hard guarantees … Continue reading
Spain police clash with austerity protesters
From YouTube (courtesy of Al Jazeera): Eurozone ministers are expected to give their final approval of a huge bailout of Spanish banks on Friday. But in Madrid, police fired rubber-coated bullets to disperse protesters. They are angry at the latest … Continue reading
Posted in Civil Unrest, Editorial, Financial
Tagged Al Jazeera, Madrid, NC Renegade, Spain
Leave a comment
Spanish Debt Crisis
Riot police and protesting miners have clashed in Madrid as the Spanish prime minister Mariano Rajoy announces more sweeping austerity measures, including a rise in VAT and other taxes, and increases to spending cuts. Source Syntagma Riotcam Resumes Broadcasting From … Continue reading
Posted in Civil Unrest, Editorial
Tagged austerity, Coal Miners, NC Renegade, Riots, Spain
Leave a comment
Monday Morning Roundup: Egypt, Greece, France, Spain and Italy
A supporter of the Muslim Brotherhood’s presidential candidate Mohamed Morsy kisses a picture of him during a celebration at Tahrir square in Cairo June 18, 2012. The Muslim Brotherhood’s Mohamed Morsy said on Monday after his group declared him winner … Continue reading
Moody’s Downgrades 12 Spanish Sub-Sovereigns, 2 Gov-Related Entities
Moody’s Investors Service downgraded 12 Spanish sub-sovereign ratings and two Spanish government-related entities to reflect its recent downgrade of the country’s sovereign debt rating. Eight regional and local governments and four related issuers were affected. The ratings of three other … Continue reading
Spain: the beginning of the end
Posted in Editorial, Financial
Tagged Daniel Hannan, Economic Collapse, Eurozone, NC Renegade, Spain
Leave a comment
The Genius of Mutual Indebtedness – Nigel Farage
Transcript: “Another one bites the dust. Country number four, Spain, gets bailed out and we all of course know that it won’t be the last. Though I wondered over the weekend whether perhaps I was missing something, because when the … Continue reading
Posted in Editorial, Financial
Tagged Bailout, ECB, Economic Collapse, Eurozone, Greece, Ireland, Italy, NC Renegade, Nigel Farage, Portugal, Spain
Leave a comment
G7 to hold emergency eurozone talks, Spain top concern
(Reuters) – Finance chiefs of the Group of Seven leading industrialized powers will hold emergency talks on the euro zone debt crisis on Tuesday in a sign of heightened global alarm about strains in the 17-nation European currency area. With Greece, Ireland and … Continue reading
Nationalized Spanish Bank Plummets On News Of Bank Run
Bankia hit by report of withdrawals Shares in Bankia, the Spanish bank that was part-nationalised last week, plunged by more than a quarter on Thursday morning, after a report that customers had withdrawn €1bn from the bank over the past week. The … Continue reading
Test Balloon in Spain: Forcing Citizens and Businesses to Buy Government Bonds
(Financial Times) — Spain has taken a 45 per cent stake in Bankia, the country’s third-largest bank by assets, as worries over the financial system sent equity and bond markets falling on Wednesday. The Bank of Spain said Bankia and … Continue reading
S&P Cuts Spain to BBB+, Outlook Negative
Adding insult to Bayern Munich injury, we just got S&P which did the impossible and cut Spain to BBB+ from A (outlook negative) not on Friday after hours. Kneejerk reaction is a 30 pip drop in EURUSD. Oh, and most … Continue reading
Posted in Editorial, Financial
Tagged Egan-Jones, NC Renegade, Spain, Standard & Poor's
Leave a comment
Austerity Measures, General Strike and Riots in Spain
From YouTube: Riot police took to the streets of Spain as protesters burned bins, vandalized shops and attacked officers during a one day nationwide general strike. Spaniards angry with having the eurozone’s highest unemployment rate refused to go to work … Continue reading
Posted in Civil Unrest, Editorial, Financial
Tagged austerity, NC Renegade, Riots, Spain
Leave a comment
When Will Greece Leave the Eurozone?
Will Greece become the first country to abandon the Eurozone and return to the drachma? My money is on Spain or Italy. Greece’s debt is too small to be of concern compared to the giant collapses about to happen in … Continue reading
Posted in Editorial, Financial
Tagged Drachma, Economic Collapse, Euro, Eurozone, Greece, Italy, NC Renegade, Spain
Leave a comment
This Won’t Be Pretty on Monday Morning
Will this be the last straw to decouple gold from the stock market? Unless some very strong measures are finalized over the weekend, next week’s financial markets may become a bloodbath. David DeGerolamo S&P Cuts Credit Ratings for Nine Euro … Continue reading
Posted in Editorial, Financial
Tagged Austria, Cyprus, Downgrade, European Union, France, Italy, Malta, NC Renegade, Portugal, S&P, Slovakia and Slovenia, Spain, Standard & Poor's
Leave a comment
The Dominoes Are Falling
The following articles have been written in the past week: Standard & Poor’s Lowers Belgium’s Credit Rating The Standard & Poor’s credit rating agency has lowered Belgium’s long-term credit rating from AA+ to AA- with a negative outlook. S&P said … Continue reading
Posted in Editorial, Financial
Tagged Belgium, Economic Collapse, Fitch, Greece, Hungary, Moodys, NC Renegade, Spain, Standard & Poor's
Leave a comment
