Catalonia, which accounts for a fifth of Spain’s economy and is roughly the size of Belgium, will hold an independence referendum on October 1, which Madrid and Spanish courts have declared illegal. The pro-secession movement says Catalonia pays $19 billion more in taxes to Madrid each year than it gets back in investments and services, but this would end if the region split from Spain.
Catalonia would suffer “brutal” impoverishment if it splits from Spain, with a deep plunge in its economic output, Spain’s economy minister warned Monday ahead of a disputed independence referendum in the region.
“The general impoverishment of the society would be brutal. GDP could fall between 25 and 30 percent and unemployment double,” Economy Minister Luis de Guindos said in an interview with radio Cope.
An independent Catalonia would find itself outside of the eurozone so 75 percent of its products would be slapped with tarifs, banks would have to relocate, and the region would have to set up its own currency, he added.
“The independence of Catalonia would be absolutely irrational from an economic point of view,” the minister said.
Catalonia, which accounts for a fifth of Spain’s economy and is roughly the size of Belgium, is slated to hold an independence referendum on October 1, which Madrid and Spanish courts have declared illegal.
The referendum has not had an impact on the economy because financial markets do not think Catalan independence is a “minimally viable and acceptable scenario”, the economy minister said.
Catalonia’s pro-secession regional government argues that an independent Catalonia would be able to decide its own fiscal policy and investments, which would boost its GDP.
It says Catalonia currently pays billions more in taxes to Madrid each year than it gets back in investments and services but this would end if the region split from Spain.
The Catalan government estimates it pays 16 billion euros ($19 billion) more to Madrid than it gets back, or about 8.0 percent of it the region’s GDP.
Dr. Dale Bredesen developed the ReCODE protocol for an effective treatment that includes dietary change and fasting. Alzheimer’s affects over 15% of the US population and is now the third leading cause of death, costing over $220 billion annually.
Jones’ attorney says the child pornography was in emails sent to Jones that were never opened, and he denied Jones did anything wrong. Jones offered a $1 million reward for information about who sent the emails containing child porn to him.
Polly, a Youtube personality, Polly, suggested that technocratic tyranny can be thwarted by refusing smart phones. She says that smart phones are the key to the technological control grid when the entire population is dependent on smart phones and need it to exist within the system.
A court sentenced Philip Arps to two years in jail for sharing a video of the mass shooting in the mosque in Christchurch this past March. New Zealand classified the video as “objectionable,” making it a criminal offense to possess, share, or host it under the threat of imprisonment up to 14 years.
Illinois Governor JB Pritzker signed a law allowing abortions for any reason up to birth, and it forces every state insurance plan to cover them. In addition, the bill will remove the ban on partial birth abortions, and non-doctors may perform abortions..
Saint Peter and Paul Church in Portland, Oregon is hosting a social justice camp, Budding Roses, that targets local children age 10 to 13. The camp is sponsored by the Black Rose Anarchist Federation that is affiliated with the violent leftist Antifa group.
Most citizens are required to download apps on their phones that let the authorities monitor what they look at and track their movements, which can land someone in one of the gulags.
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Ten Days at Jekyll Island, a novel by Patrea Patrick, tells the true story of a secret meeting held in November of 1910 on a privately owned resort island, the outcome of which drastically changed the world. It was at this meeting that a banking cartel was forged; a cartel that, three years later, would be issued a government charter to do business as The United States Federal Reserve System. You will discover why secrecy was essential. Based on historical documentation from The Creature from Jekyll Island by G. Edward Griffin. (More)
Offline is a documentary on the inevitability of the Earth being slammed by a mega solar flare – not the common type that interrupts communications and creates a light show in the Northern skies – but the big brothers thousands of times more powerful. These monsters deliver enough energy to blow apart the master transformers that supply the planet’s energy grids. When that happens, the lights go out for longer than anyone wants to think about. These X-Class solar storms hit the Earth every 150 years, on average. The last one arrived 156 years ago. We are overdue (More)
Police are warning that 50,000 illegal immigrants from Africa are waiting in Morocco to invade the country. Already, boatloads of migrants are washing up on Spanish beaches in scenes that have shocked observers. The number of migrants waiting to storm Spain is growing with the men becoming more violent.
Aquarius, the ship carrying 630 migrants that was turned away from Italy, docked in Valencia, Spain and many students were kicked out of their housing to accommodate the migrants. Citizens across Europe have been booted out of their own homes to be replaced by migrants.