The Korean Problem - North Korea

The Guardian: Reports on a international report that confirms that a South Korean Naval Vessel was sunk by the Communist North Korea. The response from South Korea will be ZERO, one simple fact folks, North Korea has the nuclear bomb and the missiles to target South Korea and Japan. Thus the South will just have to accept this criminal act by its neighbour, the UN has passed how many resolutions on North Korea and the result ZERO. The North is part of the nuclear club, it’s a nuclear armed power, thus there is no action that can be taken by the South or its close ally the US. This is why Iran wants the bomb folks, think of Iran with the bomb and if it acted like North Korea, should give you nightmare folks, gives this blog nightmares at 3am.

The Money Markets

Telegraph: Reports on the sharp fall of Shares on Wall Street due to bad economic news, the raise of the jobless rate and the action of Germany to restrict the money markets. The US is heading to having a sovereign debts of thirteen trillion folks, that’s 94% of the Gross National Product, the US recession is real on main street, the raise of the jobless rate shows that any recovery is a jobless recovery, lot of people out of work seeking jobs and those that have given up, the Obama economic plan has failed folks, all those bailouts and the US jobless rate is going up, not down, the US voter has to decide does it have the guts to swing the axe when it comes to public spending, the politicians will only promise you more handouts, they don’t have the nerve to tell the voter that the good days are over, the Government cant look after from the birth to death, the people have to look after themselves because the Government is broke folks, in money and spirit. Thus the voter will have a chance to show they are grown up by voting for the Party that will tell them the truth in the Mid Term Congressional Elections, deep cuts and tax raises, also the repeal of Obama’s health care plan, this is the time for the US voter to show that they deserve the vote.

EU, Euro and the Titanic

Guardian: Reports on the Euro crisis for the EU, the article states the following, " European leaders rearrange the deckchairs on the Titanic while lecturing the rest of the world on ocean navigation. " At the end of the day folks its down to the fault line of Greece, Spain, Portugal, Italy, Ireland and the UK. The national debts of these countries is a economic and political nightmare for EU and local governments. As noted a recent note by an outgoing Labour Minister to successor that stated that the money had gone, thus the UK has to have massive budget cuts over the next five years to get the economic books out of the red and in to the black, thus cutting middle class benefits and raise in taxes to keep the government going in the UK, the political pain is shared by the Conservative Party and the Liberal Democrats. As to Greece its a economic cancer on the EU, the cure has lead to riots on the streets and deaths, thus on real option is for Greece to get out of the Euro over night, its will be brutal but it will allow Greece to get back on its feet, that could be the same result for Spain, Portugal, Italy and Ireland, the German voter will call a halt to bailing out bad government outside of Germany. One can be brutal in political terms Germany might be tired of the War guilt as a reason to bailout Greece, its Greece's fault that it is in the present mess not Berlin. Thus the political concept of the Euro might not stand up to the pressure of the markets. As to the markets one can postulate that this is the time to sell the Euro as it will go below the Dollar that is my prediction, the floor for the Euro might be half the worth of the Green Dollar. Time will tell folks.

The Coalition Deal in Full - UK

Here it is folks the full UK Coalition deal between the Conservative Party and the Liberal Democrats. As far as this blog in concerned the main point is that the UK will keep its nuclear deterrence and will vote for any new powers for the EU. Those red lines should never be given away by PM Cameron. The file is in PDF format, Click HERE to Read.