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Residents of Madrid took to the streets to protest their country’s austerity measures — with terrifying results

BY DAN HANCOX, THE NEW INQUIRY

Masked demonstrators, employees from the Telefonica phone company, protest on a street near a building where executives from the same company are participating in a business meeting in Barcelona, Spain (Credit: AP/Emilio Morenatti)

Among the global superbrands radiating out from Madrid’s famous Puerta del Sol, the real growth industry is also Spanish history’s cornerstone commodity: gold. There are about 15-20 guys, none of them white, wearing sleeveless yellow fluorescent waistcoasts over their winter sweaters, plastered all over with the all-caps legend COMPRO ORO. I buy gold. Five hundred years after Spain subjugated large portions of the world and built its palaces on plundered gold and silver (by the 16th century, the equivalent of US $1.5 trillion’s worth), selling the family jewels has become a…

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