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.

German Bonds and the Eurozone

Telegraph Live: Reports that the German Government could only sell half of its six billion bond sale, the article states the following, “ IF Germany can only manage this sort of participation, what hope for the rest. YIELDS are at completely the wrong level. ”. In other words PEOPLE the firewall is starting to breach, if the Germans can only sell three billion of their bonds, the very foundation of the Euro is at risk in the long term, either the Germans allow the European Central Bank to print money, with the danger of inflation or the PIGS get the hell out of the Euro. The article notes even the French triple A rating has come under threat, the austerity package of the French Government has not impressed the markets. Something has to give folks, this kind of nosedive in the market confidence cant be allowed to run and run, its not suppose to be a soap opera.

Gingrich on Immigration

BBC News: Reports on Newt Gingrich’s stand on a humane Immigration policy at last nights Republican Debate. It was interesting to see the former Speaker take a stand that should not go down well with the Republican base, but it was done more with a great political skill, the Speaker called for a humane Immigration policy, that allowes those that have come to the US illegally from between 25-20 years ago but had been a positive to the community to gain a route to legal standing, not citizenship but out of the shadows. Those with no links would be thrown over the border. The Speaker was clever he recalled Reagan had granted citizenship to over three million illegal immigrants but had only done with the condition that tougher reform and enforcement would remove the issue, of course the second part of the plan never happened, thus the Speaker wanted a humane policy but a tough policy. This might cause problem with the Conservative base but could work very well in a General Election, as Nixon went to China, Gingrich reform of immigration would allow him to become another Reagan.