Wednesday, November 24, 2010

Spain and Portugal = NEXT ?

Guardian: Reports that the bond market has shown that it has great concern about Spain and Portugal following the footsteps of Ireland. As noted in NYT a few weeks ago there is the worry that Ireland, Spain and Portugal will have to be bailed out at the same time. The question that has to be asked will the German tax payer be willing to bailout all three countries. There comes a point when you have to say NO, and restart the structure from scratch and write off the debts. The Bond market would take this hit not the tax payer, in this process the EU just might be saved, also the Euro just might breath for a few more years, do the politicians have the nerve to be that bold.

US Military BACK UP to South Korea

Telegraph: Reports that the US has sent military back up to South Korea, it has sent the US Aircraft Carrier USS Washington. Thus far no more shells from North Korea, one can postulate that its BIG neighbour China has had a quiet word with the Stalinist Leadership of North Korea. It can be argued that China does not want to see South Korea or Japan go nuclear, thus they have told North Korea to cease hits military threat to South Korea at the present, as to the future the Obama Administration will have pay off North Korea, some kind of dollar bailout, its cheaper than having a nuclear war in the region, that’s the lesson of North Korea, they are a nuclear armed power, they have an Ace, that is why Iran cant be allowed to get the bomb.

Criminal Damage of Police Van - No Action!

BBC News: Reports that a Police Van has been damaged by Tuition Fees protesters. What in the earth is the Met doing, they look like weak idiots, time to put the boot in to these criminal elements, start to read the RIOT ACT, make arrests, show that Law and Order is not down to the great unwashed students of this great Country. Get your finger out MET.

Thus Far Republicans PICK UP 63 - House

The New York Times Blog: Reports that the Republicans thus far have picked up 63 House Seats. This is a second chance for Republicans, they should not blow this chance, the voters want the House to block the vast Liberal Agenda of the Obama White House, thus the first Bill that the new House should pass is to repeal ObamaCare, make the Democrats in the Senate block this or if they are smart get POTUS to VETO the bill. In 2012 most of the US Senators up for re-election are from moderate to conservative states thus these politicians will have a choice, after seeing what happened to moderate and blue dog Democrats do they want to flush their political careers down the toilet, that is the stark choice these Senators face. Lets see if they have the BALLS to say No to POTUS.