You Think You're Free? Think Again, Spain Says, Begins Preparations to Crack Down on Catalan - Nathan McDonald

by Nathan McDonald, Sprott Money:

Governments all over the world need control: they need control over "their" people, they need control over "their" money supply, and through this control they can grow their power and ability to dictate our everyday lives.

Everyone is born under a system of control in today's modern world. Arguably, for most of history, it has been this way. Sure, we are given freedoms as long as we play within our specifically defined set of rules, but just try to break these rules and watch how quickly the hammer comes down on top of your head.

This is exactly what we have witnessed on October 1st, within the Catalan region of Spain, who votedOVERWHELMINGLY, 92.1% in fact, to exit Spain and become independent . This was a nonviolent, democratic process, by a set of people of a specific region, yet they have learned the hard way that their destiny is far from their own.

The government of Spain looks at this prosperous region as theirs and the people that make up this area are their cash cows - cash cows that are attempting to hop the fence and drift off the farm. This cannot and will not be allowed.

The violent crackdown that we witnessed on October 1st showed the government of Spain's hand, but they are far from the only government that would act in this way. The global elites of both the West and the East all would act in a similar manner.

Prime Minister Mariano Rajoy is now taking additional steps, invoking Article 155 of their Constitution , which gives them the right to "restore the legality" of the semi-autonomous region. Which I'm sure as you can guess, means forcefully removing the "renegade" government of Catalonia by any means necessary.

Still, Catalonia's President Carles Puigdemont is not backing down in the face of these threats and hopes that the region can separate peacefully - a truly hopeful wish in my opinion.

This has led to civil society organizations within Catalonia to call for retaliation against the government of Spain, requesting that all citizens within the region initiate a bank run by withdrawing their funds all at once, together.

If you think this call to action is to be taken lightly, then you are forgetting one of the key elements that give the ruling class their power: their control over the fiat money supply and the banking system that keeps it going.

The citizens of Catalonia are going to learn the hard way just how little money the modern day banking system keeps in physical reserve. Quickly the vaults and ATM's will run dry - and then what?

Read More @ SprottMoney.com