All I can say to the hiding of reality/truth is ,,
The least initial deviation from the truth is multiplied later a thousandfold.
-Aristotle
The creativity in giving the populaces the truth is amazing.......Kick that can boys.........
Submitted by Tyler Durden on 04/18/2012 - 08:43 Gross Domestic Product
There have been many scary parabolic charts associated with Spain demonstrated here over the past few weeks. Today, the market is focused on the following line that goes from the lower left to upper right, which if not parabolic yet, may be getting there soon. The chart shows Spanish banks' bad loan ratio, which at 8.16% of the total €1.763 trillion in loans, or €143.8 billion, is the first time loans more than 3 months overdue were greater than 8% since October 1994. Indicatively bad debt levels were about 1% in the years prior to the collapse of the country's property market. Furthermore, with the rapid deterioration in Spain in the past 2 months, expect this chart to leg up substantially in June when the series catches up to April real time data, most likely crossing double digit territory. But for now the fact that of the country's roughly €1.4 trillion in GDP, over 10% in debt is "bad" and surging, should be a sufficiently loud wake up call.
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http://www.zerohedge.com/news/chart-spooking-europe-morning
Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.
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