Saturday, March 10, 2012

Greece NOW - Greek Crisis


The New York Times: Reports that the next time Greece has a crunch point it cant strong arm its debt holders, as those debt holders will be the IMF and the EU. Thus folks a real Greek fault has been delayed again because Western politicians don’t want to face the truth that Greece is a basket case, even with the bailout its debt with be between 120% to 129% of GDP. The Greeks will come around again with their begging bowl, but will EU voters allow their politicians to spend their money on another Greek bailout, and Greece will need a bailout folks. This story has not even reached its middle point, expect more social pain in Greece folks, the Greek Government will have to make the Greek people suffer to keep the EU happy, stories like that never end with a happy note folks.

Israel STRIKE on Iran - Ticking Clock


Telegraph: Reports that the Israeli PM Benjamin Netanyahu has stated that Israel would not suffer any blowback from the US should Israel strike Iran. This is high stakes poker folks, in a way Israel up to November has the upper hand with President Obama, if they strike between NOW and November the President if he wants to get re -elected will have to come out in support, otherwise the Israeli Lobby will bury his Presidency. After November and should POTUS get re -elected the Israeli lobby wont have the power to damage Obama, he will not be seeking re-election, thus Israel just might strike before November folks.