The EU continue to whistle in the dark and kick the "Big Can" down the Alley?!?..."the Mad Foools"... they've created A Financial-Socio-Economic...D O O M S D A Y Device!!!Markets had expected the
latest EU summit to disappoint and it did" - they expected the exact opposite on
Tuesday as the FTSE jumped 50 points supposedly on Europe hopes. The markets are
not really interested in the politics. In a no win solution, its a catastrophe
if Greece stays in the Euro and a catastrophe if they leave. Given this then it
is obvious that the only thing that markets are interested in is QE and
liquidity injections. Today market 'reality' is that they go up on bad news as
that increases the likelihood of more QE/LTRO etc and they go down when there is
any kind of positive news as that lessens the probability of QE. Central Bank
interference in markets has completely reversed how they should function. Worse
still, the TBTF banks are bigger than ever and taking bigger and bigger
leveraged spread bets because central banks have taken risk off the table. Sheer
insanity. The EU and the EZ are a failure, a very expensive failure.Surely our elected politicians must come to reality, start thinking for themselves instead of listening to the likes of Christine Lagarde, who while lecturing us, her only thought is the French banks, if Greece leaves the EZ the French banks will be hammered. Hollande is a sly socialist fox, not to be listened to, and his ideas must never be entertained, and to listen to the unelected Van Rom Puy and Barrosso is sickening and an insult to all free peoples. The whole stinking, corrupt edifice that is the EU has to be dismantled. The tools to do the job are simple and free. Truth and Democracy. Truth and Democracy are the biggest enemies of the EU. now is the time to use them. There are too many peoples' (very lucrative) careers tied up to this project and these very same people and going to make sure that their income stream continues as long as possible. The only economic growth they care about is the size of their own wallets. I'm not sure how this nightmare will end but rest assured that turkeys do not vote for Christmas. I think they will need to be "physically" removed. Ridiculus van Rompuy, Fatboy Barroso, Hideosa Ashton and all their attendant spokespersons, advisors and offices make rather less impact than a fart in a thunderstorm.
4 comments:
What a load of headless chickens.
TIP OF THE DAY.
If you are a national of Greece, Italy, Spain or Portugal you are at this moment drawing your money out of your banks and many of you are putting it into German Banks. DON'T DO IT.
If each country, starting with Greece, goes back to it's national currency you will lose at least 40% of your wealth. German banks will possibly take all of the foreign accounts and transfer the holdings into local currencies.
The only way to protect yourselves from corrupt governments and the corrupt banking system is to buy Gold and Silver coins.
What is all the fuss about??
Ted Heath said: "The EU is about growth, stability and prosperity for all in it";
Telflon Tony said the same.
Cammy Cameron is saying the same.
Ed Miliband is saying the same.
Gordon Brown has always said the same.
The IMF is convinced that is the case.
The EU Kommissars have always said that and are sticking to it.
Then why O why that all we on the ground are seeing is the exact opposite? Why can't we appreciate how good the EU and the euro has been for everyone?
Why are we so stupid?
European Union leaders concluded their latest summit early on Thursday with few concrete steps to fix the continent's festering financial crisis even as the potential for a messy Greek exit from the euro appears to be rising. Some leaders stressed the importance of planning for just such an event but offered no measures that might help Greece avoid it.
Out in Greece, some new polling data suggests that the Syriza party is still leading. It was conducted by the Public Issue company, but it's not clear exactly when the polling took place (ie, before, after or during Alexis Tsipras's trips to Paris and Berlin, and the repeated warnings from EU leaders.)
It's also not quite clear how the data has been adjusted for abstentions and don't knows. So given all that, here are the numbers for you to digest as you see fit:
Syriza 30%,
New Democracy 26%,
PASOK 15%,
Democratic Left 7%,
Independent Greeks 7%,
ΚΚΕ 5%,
Golden Dawn 4.5%.
Hopefully we'll have more details about it tomorrow.
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