The Cameron Speech - VERDICT

Guardian Live: Reports on the political verdict by writers and those that comment on politics, the Guardians Michael White writes the following, “ There's a lot of Blair in this speech….optimism.. ”. In the present economic mess the PM could hardly do a dance on the stage speech and say all was well, if you just watch the riots in Athens to see that is NOT SO, the constant Eurozone Crisis would tell you the EU and the Western economy is facing going over a cliff. Thus the PM stated that both the Government and individuals are cutting back on their debt. In broad terms the speech was a typical conservative speech, helping business, wanting public schools to be as good as private schools, but what made it a modern Conservative speech was the call to help the poor of Africa, also the support Gay marriage, it has taken PM Cameron to move the Conservative Party in the right way. The PM stressed how in many respects he is following the Blair model with liberal intervention as was the case with Libya, how it was in the national security interest of the UK. But of course the difference between Cameron and Blair is the fact that Cameron used the UN, the NATO action in Libya had UN approval, this was not the case with Iraq it has been argued with some justification, even if this blog supported the War. The speech was lot more polished than the one given by Ed Miliband the Labour leader, the PM had an attack on the view that you could decide what was good or bad business, this was a PM’s speech, the Miliband speech you would give at a seminar lecture. Thus on the whole good Conservative Party Conference, Mr Miliband will have lift his game to be the labour leader in 2015.

The Banks and the Eurozone Crisis

Telegraph Live: Reports that there is no rescue plan for the European Banks even after news reports. The rumour of a banking rescue plan is the reason for the Markets going up in the UK and Europe. At the moment the Stock Markets are running of blind rumour and fear, one minute hundred of points down, then back in the good, while this is going on Greece is going to hell, the first directly Greek affected bank, Dexia has to be bailed out by the French and German Central Banks, Italy is going to the dogs, or fast becoming owned by the European Central Bank, the US in political system is deadlocked till the 2012 election, the EU seems hoping something comes along that bail them out, so far the EU has not been that impressive, and if Greece goes under without a managed default then its game over, Great Depression, the PIIGS will bring down the EU.

Greece General Strike - Eurozone Crisis

BBC News: Reports in effect that Greece is closed down by a General Strike. The Unions are not helping their members, the public sector in Greece has to be axed and axed big time. The age of plenty is over, no more retiring at 50, no more phoney jobs in the public sector, no more lending from the money markets to keep the welfare state going, its all over folks, and Greece is the first victim, Greece either gets its head around this development or goes under, becomes the property of the EU, no government and the budget run by France and Germany. That is the price of failure in Greece folks.

Gov Christie OUT - No 2012 Run

The New York Times: Reports that Governor Chris Christie of New Jersey has decided not to run for the 2012 Republican nomination. Thus before the expectation that Christie would run we are back to the fight between Governors Romney and Perry, in can be argued with some justification that Perry has blow his chances, the poor debates, the implication that he has a racial problem, the liberal Washington Post ran story that showed that the Perry family had rented a property with a rock outside that had the offensive N word splashed across. The offensive language has been painted over but when this was done has become a matter of much debate. Thus one can almost dismiss Perry as a serious candidate, one would expect Romney to still win the Republican nomination, he is a polished when it comes to debates, he comes from a liberal State, thus he can appeal beyond the Republican base, thus far no personal complications or others, like the one Perry has at the moment. Thus folks it could be President Romney in 2013.

Stock Markets TODAY and the Eurozone Crisis

Guardian Live: Reports that the FTSE - 100 in the UK fell by 2.6% today, while French and Germans Markets fell between 2% and 3%. Thus the EU Finance Ministers have pressed the delay switch for the next patch of Greek bailout, the markets are tanking, the French/Belgium Bank Dexia could go under, one has to wonder what other banks could be taken down, its misery every day on the Market folks, the Markets want stability, thus the grand plan of 2-3 trillion euros to bring stability to the economic system, the building up of European banks and the managed default of Greece has to be bought forward, an investor would have to be stark raving bonkers to invest in the present market, people can make money in such market, betting on a banking collapse in Europe, but its not nice and not very smart in the long term, if the whole system goes then forget economic growth or major profit for a long time, think 1930s Great Depression but worse, its that bad folks.

The Greek Crisis and European Banks

Telegraph Live: Reports that the French/Belgium Bank Dexia has needed to be backed by the Central Banks of France and Germany. The Contagion of the Greek crisis has started folks, the Stock price of the Bank has fallen over a cliff and taken bank shares will them, if and when Dexia goes down what other banks will it take with it, are there other debts that is held by the bank that is now known, all important question folks. Its about time EU got off its backside and developed a plan, the PIIGS are finished, Italy and Spain need to be saved, the rest might have to be thrown to the wolves, otherwise the DEBT just grows, and grows, the austerity packages get tougher, more people need welfare, thus the reduction in GDP, a very vicious paradox folks, the need to pay the debt, but the very fact of paying back the debt makes a solution impossible. Cold days ahead folks, its that gloomy folks.
　

The Greek Bailout - Eurozone Crisis

BBC News: Reports that EU Finance Ministers have delayed giving Greece its expected eight billion Euros bailout. The simple fact is folks is that Greece has not meet its austerity targets, the latest Greek plan to tax property through the electric bill is facing resistance from property owners and the tax collectors. In essence folks you asking a State that does not tax its people to start taxing everyone at a very high rate, also the State in Greece is a major employer, thus the scandal of people retiring when they are in their 50s. The problem with Athens to Dublin is the fact that the EU has a welfare state, you have a growing older population and a small pool of younger workers. Also in the UK the 65 pension age for workers has been axed, thus workers have the legal right to work past 65, thus less job for younger works. The whole contract between the citizen and the state since World War Two is breaking down folks, thus far no grand solution by the EU, or the UK, thus when the Western economies do go over a cliff it will be the rich with the parachutes.