Monday, November 21, 2011

The Markets and Western Debt

BBC News: Reports on the failure of the US Super Committee, and how the Eurozone Debt sent stock markets down. Folks all the Markets see are endless meetings between politicians who don’t risk a big plan and they will get thrown out of office, the Germans will never go for Euro Bonds and they would have to underwrite them, the German Supreme Court has stated it would have problems with such a move, also the European Central Bank, the common view is that the ECB should print money and thus pay off EU debts, the Germans recall the inflation crisis of Weimar Germany and the raise of Hitler, thus another No from the 4th Reich ( they are being pain folks ) the French risk losing their tripe AAA credit rating, the Greeks have internal problems with the Conservative Opposition refusing to sign agreements with the EU that would allow for eye watering cuts, the Italians have a technocrat Government that think it will be around in till 2013, no they wont, the political parties left or right wont allow some non elected theocrats to rob them of power. In the US its down to the 2012 Presidential and Congressional Elections, thus 9 months of a campaign folks. Buy gold folks, paper money just might become worthless, only joking but not to much folks.

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