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.

The Irish are COMING!! - Bailout Fallout

The Daily Mail: Reports on comments by the Coalition PM David Cameron that if Ireland fails then the UK could face Irish jobseekers coming to the UK to gain employment. In other words the UK has to make the Irish bailout work, the reform of the welfare system cant work if the UK has a massive increase of Irish workers, it can be argued that these new workers will undercut British workers and will take jobs that the Brits don’t wan to do, as with previous workers coming in to the UK. Thus lets hope the Irish bailout works, this blog has its doubts, there is still Spain and Portugal out there folks.

Irish Government Meltdown!

Telegraph: Reports on the falling apart of the Irish Coalition Government and the threat of an early election and that the Irish Parliament will not pass its Austerity Budget as a condition of the EU/IMF bailout. It time for the Irish politicians to grown up, if Dublin wants a bailout from the EU/IMF/UK then it has to have a severe austerity budget, it does not have any options, it could default on its debt but that would throw the Irish economy back in to the stone age and take the EU with it, the good years are over folks, the politicians of Ireland have committed economic treason, they have sold Irish Sovereignty so they are liked by fellow EU countries. The cost will not fall on the shoulders of the politicians or the bankers it never does, that is the real world, the good Irish people will face European contempt for a while, but they will get up, clean off the mess of humiliation and move on, the Irish always come back, but lets hope they have learned an important lesson, don’t trust the EU.
　

Missile Threat REACTION from South Korea

BBC News: Reports that South Korea will react with missile launches should North Korea carry out further attacks on its Sovereignty. Thus the big question folks WHY, the general opinion is that the attack is connected with the succession fight in North Korea, it’s the old Dynasty pushing away any threat, showing its still got the will and the power to threaten the region. But it has to be asked does the North Korean Armed Forces as a whole want to keep the dynasty at the cost of the destruction of North Korea, as the place is closed to the outside world, any theory is valid. It can be argued that North Korea wants a Ireland type bailout, this attack was meant to get the red lights going around the world, well that worked, thus the question what next, if this was planned then North Korea wants some money, if not that simple and there is a fight within North Korean leadership then there could be more attacks, the hours and days will tell the tale, either outcome could happen folks.