Wednesday, November 23, 2011

France = AAA ?


Guardian: Reports that Fitch the credit agency has stated that the triple A rating of France was under risk, the article states the following on the view from Fitch, “ ..France no longer has the capacity to absorb any more shocks - as its current austerity measures probably aren't enough to bring its borrowing into line. ”. Thus after Paris and Berlin bullied Greece and Italy, the foot is on the other foot, the Germans could not sell all their 10 year bonds, the French it can be predicted will lose their AAA rating, thus a new French President next year. At the heart of the problem folks is the Euro, how many EU politicians are going to fall on their sword for a fraud of a currency. It will be interesting to see when a leaders just says NO. This blog doubts the world will fall apart, the EU elite have allowed themselves to be taken in by a major con, they are on a class A drug, someone with a brain needs to see the cliff and say no more, the Euro will just have to be flush down the toilet. The elite never suffer folks, its the great unwashed that takes the hurt, from Athens to Rome, well its time for the great unwashed ( This blog is founding member! ) to say NO to the Euro.

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