Market Troubles - Eurozone

Guardian: Reports the following on the dive in the European Stock Markets, “ sovereign debt crisis exploded back into life on Tuesday, with markets across the continent rocked by a wave of panic selling ..”. At its core folks its politics vs. economics, a hidden bomb in the system is the French elections, the French left candidate is leading, he has promised massive Government spending, taxing the rich, the usual left rubbish, while the Conservative Government of France has been following a austerity plan to keep the bond markets off the back of France. If the left win in France and the Coalition Government in Greece does not get re-elected expect the Euro to go over the cliff. The French Left has made it clear that it will want fresh talks on the recent EU Treaty, it will want to tax UK Finance sector, thus expect another bloody EU meeting. The left in the UK and the EU don’t get the fact that the welfare state model is over, its very success has killed it, at its most basic, there are a lot of old people and fewer working younger people. The costs of health all over Europe can not be kept at its present level, the NHS has billions and will want more billions, it never ends. But all things end folks, even the Welfare State, and the Welfare State is no Roman Empire, it wont be for hundred of years.

Eurozone and the Euro

Telegraph Live - Markets: The US and European Markets have dived due to the slower than expected US jobs report last week, and Spain has replaced Greece as the next big problem, the rate of its bonds cost his heading to 6%. Thus folks we are back to the Euro and the welfare state problems of the EU, the bond market has NOW returned to attack Italy and Spain. Lets cut all the BULL, if Spain or Italy or both need a bailout its over for the Euro, even the EU. The core problems folks is that Germany wants austerity, that’s the only way it can get its tax payers to bailout Greece, but that cost is placing a stake through the heart of the Euro. The cuts in public spending through out Europe has returned the EU back in to recession, there has been arguments form the Labour Party in the UK and the French left that Government should spend and tax the rich, YES folks the fools still talk this kind of rubbish. The Miliband Labour Party seems to have missed the disaster that is Greece when you allow the public finances to go down the toilet, Spain could be next, the French Left just want to spend and tax the rich, they will move to the UK, its 45p in the pound for high tax payers. There is a solution folks, but its dramatic and out there, lets face it needs something, the clock has to be restarted, ALL DEBT has to be written off, as if it never happened, all the BANKS will have to be secured against runs on the banks, then those holding the DEBT will have to given exception from tax till the end of time. Then the welfare state has to be reformed through out EU, you don’t retire in till your 70 for women and 75 for men, the public sector has to see massive cuts, no major difference between the public and private sector, the Unions have to be restricted in their actions for a time, no STRIKES. The above might work, might not, so far nothing else seems to have worked.

Santorum OUT - No Reagan of 1976!

BBC News: Reports on the withdrawal of ex Senator Rick Santorum from the 2012 Republican Race. In his speeches the Senator has compared himself to Ronald Reagan and Reagan’s run for the 1976 Republican nomination against President Ford, to be honest folks that is BS, Reagan understood keeping on message, the Senator has allowed himself to get in to debate about social issues, as is known the Senator has very Conservative opinions about social issues, not in the main stream, when it was talking about the economy his Campaign worked, once he got side tracked by the main stream media it was on to a loser. If Santorum wants the Republican Nomination in 2016 should Romney lose he has to keep to bread and butter issues, never mention social issues, we know were he stands!! If a question is about social issues, the Senator has to return to it’s the economy, if not he wont stand a chance in 2016.

Santorum Out - Romney the Nominee

Senator Rick Santorum has suspended his Campaign for the Republican nomination. Thus folks its over, Romney in the Republican Nominee to face President Obama in November, this was a good political move by Santorum, if Romney loses to POTUS then this sets up Santorum for 2016. The Senator gave a very moving speech dealing with his daughters ill health and others in US society who are on the edge of the US dream, he did no mention Governor Romney, that can come later, thus folks its down to Romney vs. Obama. Let the negative adverts start.