At this crisis point in history - what could possibly create these rare and extraordinary gains?

An Arizona multi-millionaire's revolutionary initiative is 
helping average Americans  find quick and lasting stock market success.

Since the Coronavirus came into our lives this slice of the stock market has given ordinary people the chance to multiply their money by 96% in 21 days on JP Morgan.


Trading  | October 28, 2017

Update (0920ET): A Spanish government spokesman has responded to Puigdemont’s address, saying that “Spain will not comment on comments by Puigdemont who is out of a job.”

*  *  *

As we detailed earlier, in a pre-record message this morning, Catalan separtist leader Carles Puigdemont urged Catalans to peacefully oppose Spain’s formal takeover of the region’s affairs.

Puigdemont said the activation of article 155 of the Spanish Constitution was illegitimate and called on Catalans to show “patience, perseverance” and faith in the future, and urged “democratic opposition” against Spanish government orders to sack his administration and dismiss the regional parliament.

As The Spain Report notes, he announced he Catalans must “continue defending” their new republic “with a sense of civic responsibility,” adding “our will is to continue working to guarantee our democratic mandate”.

The use of Article 155 to suspend home rule in Catalonia was a “premeditated attack on the majority will of Catalans” and “contrary” to democracy.

Puigdemont also called on pro-independence Catalans to be respectful of fellow Catalans who are in favor of Catalonia remaining within Spain. Puigdemont didn’t mention central government orders to remove him.

Presumably, Puigdemont’s calls suggest a strategy designed to compare Madrid’s forcefulness to Catalan’s peaceful protest, perhaps in an effort to garner more international favor – as most of the ‘developed’ nations issued statements overnight declining to reecognize Catalonia and fully backing the establishment’s Spanish government.

Live broadcasts showed Puigdemont in a bar in the town of Girona at the time of the televised speech.

Puigdemont declined to speak to reporters when he left the bar shortly after the speech.

Meanwhile, Spain begins implementation of Article 155:

Spanish Deputy Prime Minister Soraya Saenz  de Santamaria takes over the management of the Catalonia area after Madrid took its autonomous status yesterday and Prime Minister Mariano Rajoy fired the regional government, the agencies said, reports sega.

 

 

Spain’s Interior Minister Juan Ignacio Zoido is leading the Catalonian police after the chief of police, Jose Luis Trapero, was removed. Both decisions enter into force immediately.

However, La Vanguardia reports, members of the Catalan government don’t plan to accept being removed, citing sources it doesn’t name, though oit is unclear exactly what they will do. The Catalan government is reportedly preparing next steps in line with proclamation approved yesterday by the regional Parliament. Among the possibilities being weighed is calling constituent elections before the end of the year.

So what happens next?

The Duran.com’s Adam Garries lays out 5 possible scenarios…

1. Madrid ignores the implementation of the declaration of independence 

In many ways, it seems counter-intuitive to list this as the ‘most peaceful short term option’, not least because there is ostensibly no bigger insult to a peoples than to simply ignore their declaration of independence. This is ironically, not necessarily the case with Catalonia.

The very reason that Catalan independence was not declared on the 2nd of October is because the Catalan leadership are very moderate in their approach to the issue. Forgetting whether one finds the Catalan leaders inspiring or incipient, the fact of the matter is that they did not so much say “give me liberty or give me death” as they said “give me European values and give me those values on my terms at the soonest possible date after a period of polite discussions”.

Because Catalonia has shown the propensity to wait for a good faith negotiation partner during a very trying month and because furthermore, many Catalan politicians have insisted that they seek peace and cooperation whenever possible, the onus therefore is now very much on Madrid to de-escalate the situation.

Madrid could still go through with the technical firing of the Catalan government in order to administer the humdrum business of daily life in Catalonia for an interim period on their terms, but if Madrid were to officially adopt a position of ignoring the formal independence vote, it could still negotiate with independence leaders in another capacity.

The west, including Spain, continually speaks of ‘moderate rebels’ in places throughout the world, notably Syria, in spite of the fact that they are acting violently, using terrorism as their de-facto means of ‘political expression’, are mostly foreign proxies and are violating not only national but international law. With the exception of Catalonia violating Spanish law, included the much hated 1978 Spanish constitution, which many see as overtly Francoist in nature, none of this applies to Catalonia.

No one can reasonably say that Catalan independence supporters or their leaders are terrorists or post a direct threat to world peace as al-Qaeda, the FSA, Kurdish ethno-nationalists and ISIS do in places like Syria or Iraq. Furthermore, unlike Middle Eastern Kurds who are something of Israel’s de-facto regional puppets, Catalan independence movements have been part of Iberian history going back centuries. The Catalan struggle, in other-words, predates the creation of the dastardly Israeli colonial state, the birth of George Soros, the idea of the New World Order and the advent of neo-liberal economics.  To therefore say that Catalan independence is about any of these things, as many have, fails to realise the long historical basis which underlies recent events in Catalonia.

Because of this, Madrid  has nothing to lose, yet much to gain from engaging in negotiations with the leaders of the independence movement. Had Madrid negotiated directly with the leaders in Barcelona, the entire independence movement may have fizzled-out over time, in the same way that Brexit appears to be doing in another EU state, or otherwise, Madrid could have agreed to a situation whereby Catalonia settles on an Andorra like solution whereby Catalonia becomes a state formally protected by Spain (as Andorra is technically protected by France), while technically enjoying the desired benefits of EU membership which logically derive from the ‘protector’ state. Because of Catalonia’s size vis-a-vis Andorra, some sort of financial agreement could be agreed upon on a per annum basis.

Such a solution would require creativity, but crucially it requires no blood and could be arranged to create face-saving and money saving measures that cover both sides in terms of economic, political and even ego driven requirements and desires. It is still not too late to achieve this as the “slowly-slowly” attitude in Barcelona has not dramatically changed, in spite of recent dramatic events. In this sense, yesterday’s vote was more of a sign that Barcelona is not bluffing, that it is a sign that Madrid is now an automatic enemy of the largely unrecognised new Catalan Republic.

2. Barcelona initiates a dialogue process….and it works 

It must be re-stated that one of the reasons Catalonia implemented a declaration of independence yesterday was because it felt it had no option to do anything else. If Catalonia’s leaders did nothing while Madrid moved to abolish their autonomy, they would have looked weak before the eyes of their constituents and ineffective in the eyes of the world from which they will need to garner support, in one way or another.

Thus, we now know that Catalonia’s leaders have the collective strength to do what they said they would do. But can they now do something more difficult? Can they offer the wider world an option that cannot be refused?

Catalonia has gone out of its way to do that which, for example, the Kurds in the Middle East have not done. While Kurds have resorted to armed conflict and terrorism in their disregard for both national and international law, Catalans have practised entirely peaceful civil disobedience in arguable violation of national law, but in full compliance with EU law which is theoretically superior to national law in many cases, among member states.

The fact that Catalans are being totally disregarded by most EU states and the EU itself, is symptomatic of double-standards in the west, whereby an armed terrorist in Asia or Africa is a ‘freedom fighter’, but peaceful individuals initiating a controversial but totally non-violent political process in the west, are somehow bandits. Furthermore, Catalonia is a regional crisis and for the EU, an existential crisis. Such a reality is miles away from the very real security crisis that Turkey, Syria and Iran felt when Iraqi Kurds, machine guns in hand, voted in a secession referendum which went beyond their legally defined autonomous borders within Iraq. Again, none of this applies to Catalonia.

If followed to its logical conclusion, Catalonia can now call on international mediators to instigate a process for dialogue that Madrid simply could not ignore. If such a process fails, it will represent a total failure of the so-called international community. If not a single nation, not the UN, not a former UN Secretary General, not a single peace activist can step forward and heed Catalonia’s calls for a truly international dialogue process to be organised, then there truly is no international community to speak of. It certainly behoves Catalonia to attempt and find out.

3. Duelling governments in Barcelona 

Madrid is set to appoint a new interim leadership in Barcelona who will answer directly to the Spanish government, while calling for new elections to form a Catalan parliament in December. The effectiveness of such a move depends on the de-facto current leaders in Barcelona (Puigdemont et al.) and their supporters simply going away quietly.

If anyone thinks it is likely that after a long standoff which was capped by the declaration of a Catalan Republic will end the moment Spanish PM Mariano Rajoy sends ‘his man’ to Barcelona, then they are not living in the real world.

With two competing governments in Barcelona, the short term confusion and deadlock could lead to disaster, as shall be explored in the following two, very un-peaceful possibilities.

4. Mass arrests of Catalan independence leaders 

Spain has already set a worrying precedent by arresting Catalan independence organisers on sedition charges. There are now open fears that such a precedent could now lead to the arrest of the entire de-facto leadership in Barcelona, as well as many members of the Catalan parliament (even though the vote for independence was conducted via secret ballot).

This would not only set-off an uncontrollable chain reaction of fear and almost certainly violence in Catalonia and beyond, but would set off a chain of lawsuits which would test the primacy of national law versus EU and international law. If Madrid were to invoke the most neo-Francoist elements of its constitution and subsequently conduct mass arrests reminiscent of the 1930s, it would not only embolden more Catalans than ever in their desire to breakaway from Spain permanently, but it will be guaranteed to keep both the European Court of Human Rights and the European Court of Justice busy for years if not decades to come.

The legal issues which currently exist, could and should be solved through mediation followed by an accord. However, if mass arrests of prominent Catalan leaders are conducted by Spain, a larger legal Pandora’s Box would be flung open and more importantly, any claim of a peaceful regional dispute would be forever lost. Instead, it would be a repeat of the 1930s in more ways than one, combined with the legal labyrinth of 21st century judicial mechanisms.

5. Civil War 

Depending of various push-pull factors at play, a repeat, however microcosmic, of the 1930s Spanish Civil War could take place. If Madrid cracks down hard on political leaders, demonstrators and other civil bodies in Catalonia, it is possible that Catalans could find the means to arm themselves and fight back.

If an armed struggle took place in the heart of the EU, not only would it quite possibly be the end of Spain and western Europe as we know it, but it could be the end of the EU…full stop.

Whatever would be leftover, would by definition be unrecognisable and only a great deal of effort to put the region back together could restore peace.

For mercenary thinkers who see questions of war and peace simply in economic terms, it is worth saying this: for the moment, the Catalan crisis has not drastically impacted global markets. If things escalate into an armed civil conflict, it will impact markets, but primarily in Europe with some ricochets in North America.  The rest of the world will remain financially stable.

This will be the ultimate sign that an Iberian peninsula which once ruled large quarters of the world, is now reduced to a corner of a European Union that far from leading the world, can now, barely lead itself.

In many ways, this will be the ultimate wake-up call.


A revolutionary initiative is helping average Americans find quick and lasting stock market success.

275% in one week on XLF - an index fund for the financial sector. Even 583%, in 7 days on XHB… an ETF of homebuilding companies in the S&P 500. 


{"email":"Email address invalid","url":"Website address invalid","required":"Required field missing"}

You might also like


Stocks | January 28

Stocks | January 28

Investing, Stocks | January 27

Investing | January 27