Spanish Banking Woes - Eurozone Crisis

Daily Mail: Reports that there are worries that other Spanish Banks beyond Bankia will need to be bailed out.

Lets Get Real:

The EU has to demand that Spain takes a bailout, that EU/IMF/ECB Inspectors are placed in Spanish Government Departments, that Regional Governments in Spain must have their budgets approved by the Centre. The reforms of the new Spanish Government have to be pushed through, the level of unemployment in Spain at the of the end of the day could lead to civic disorder, also we might see millions of Spanish and Greek youngsters leave their Countries head to France Germany or the UK, the aim to get a job. This would place extra burden on these Countries, from welfare to anger by local that EU Citizens are taking jobs at a cheaper rate. Thus the Spanish problem has to be solved and fast, Greece is a lot cause, the EU might not have the money to bailout out Spain, a sinking Spain might take Italy with it, then the Euro would be finished and the EU would not be far behind.

The Greek Election and Polls

Guardian Live - Greece: Reports the following in its 4.01pm post on Greek opinion polls, “ ..support for the 'anti-bailout' Syriza party holding up well, are the trigger that sent the euro falling. ”.

Lets Get Real:

Thus folks we have a couple of weeks of this kind of up and downs in the stock and currency markets. As noted in my last post the big private sector companies seem to have taken the hint and getting out of any risks. IF the Greeks jump off a cliff this would be the best news for the Euro, at least then the EU can soften the blow for the Greeks, it can give them a bailout to help keep the civic order in Greece, also help Greece bring back its own currency. It will be a fresh start for the Greeks, they can develop a Greek economic system that will allow Greece in a few years time to come back in to the international market. If Greece does go it will be harsh folks, lets not sugar coat that fact, the alternative would have Greece suffering for years for nothing, is that fair to the Greek people, they did give the world Democracy.

The Real Market and Greece

Telegraph Live - Greece: Reports in its 2.04pm post the following, “ Euler Hermes, the world's biggest trade insurer, has suspended cover for exporters shipping to Greece ..”, on the fear that Greece will not be able to pay its debts should it either leave the Euro or be forced out.

Lets Get Real:

If the big private companies fear that Greece is going belly up its time for the banks to off load their Greek debt, also invoke their insurance policies. The June 17th election in Greece might not be that clear cut, as noted in its 3.30pm post recent Greek Polls indicate that “ it's probably split 50:50 over who will win - anti-bailout Syriza and New Democracy. ”. Thus if Greece is seen as goner in the private sector, one has to ask how fast that end will hit Spain. The French and the Spanish want Euro Bonds as to help with Euro debt, the Germans have said NO. Thus we might be seeing the start of the end of the Euro folks, the German taxpayer is not going to bailout Greece and Spain, it will not pay for French election promises, thus rough seas ahead folks for Euro and the EU.

Spanish Bonds vs. Germans Bonds = Eurozone Crisis

BBC News: Reports that EU Stock Markets have taken a dive of between 1% - 1.5% over the cost Spanish bonds heading up to 6.7%, while Germans bonds have fallen to 1.31%.

Lets Get Real:

If Spanish bonds head over 7% the Markets will expect Spain to ask for multi billion bailout, that would include Spanish Government debt, the debts of its banks, and the debts of its regional Governments. Yes folks we might be talking about a bailout of between half a trillion to 1 trillion in Euros. This is before Greece goes to the Polls on June 17th. The worry for the Germans is that the Greeks might be so spooked that they support austerity Parties for a time thus Germany and the EU would have to fund Greece, but down the line the Greeks just get fed up and refuse the pay. Thus more Euro billions down the toilet. One can expect the Germans to demand should the Greeks elect a Coalition Government that supports austerity to make legally binding deal, a deal that will make the Austro - Hungarian demand to the Serbs in 1914 look like a birthday card. In other words Athens would come under the control of Berlin, if they want the money from Berlin they would have to follow the demands of 4th economic Reich.

Romney as Extreme - Obama Attack Advert

Lets Get Real:

The Oval is attempting to tie Governor Romney to those on the extreme of the Republican Party, that doubt that President Obama was born in the US. Its an interesting trick but flawed, what this is really about is making ANY critical comments about Obama out of bounds, its like when the Obama Campaign of 08 used the race card of Bill Clinton. The Chicago Re-Elect Committee wants to paint Romney as both extreme and a Candidate that changes his viewpoints. Lets get something clear here, Obama is on very thin ice here, lets recall POTUS needed a racist Preacher to get him a green card in to Chicago politics, also he had the support of a urban terrorist, the UBER left wing media wont discuss Obama's political start or his U - turns since coming to Office. Thus using this argument shows how bad the internal polls must be for the Oval. The Oval cant run on its 1st Term, its been domestic disaster, trillions spent and the US unemployment is till at 8% and ObamaCare is still hated by the US voter. On the international front, Iran is heading for the bomb, Afghanistan will return to the control of the Taliban, there is mass murder in Syria, and Obama is playing about this kind of rubbish. Poor show Oval.

Obama's SPENDING YOUR MONEY - Down The Drain

Lets Get Real:

Great Advert from a Republican supporting Super Pac, how the Oval has spent US tax payers money on the car bailout, but closed down car dealerships, with US voters getting thrown on the DOLE. How this UBER Liberal President has thrown US Dollars at Green projects that don't work. President Obama attacks private business, but at least either way that's private money at risk, the Oval takes risks with YOUR MONEY, to keep keep the liberal base happy, who makes money Obama or Gekko ( Wall Street 1 and 2 ). Do you want to be Gordon Gekko and make money for yourself and others, or do you want to spend tax dollars to to keep some uber left wing academics happy. Simple choice folks.

Obama's Executive Action - Taking OUT Al Qaeda

Daily Mail: Reports from a NYT story that President Obama decides at the end of the day who is taken out in Al Qaeda by US Drones. As a summary the President has his White House Advisers to develop baseball cars with Al Qaeda operatives to be taken out on his order.

Lets Get Real:

Has the White House and the US Defence Department not heard of keeping secrets, thus the North Koreans have discovered that US has sent in US Special Forces in to the North, the terrorists after reading the NYT and the Daily Mail will learn that their leadership has been taking out by direct order of POTUS. In the past when a President gave the order for a hit it was done at arms length, now there are leaks, one can assume it is meant to help POTUS in a close Presidential race, in itself not a bad idea, what happens if something goes wrong, a target is wrong, bad intel, now the press will start to ask did POTUS direct the operation, did he check the operation all the way through, you get the idea folks. A President should be kept a some distance, so when the tea bags hit the fan the Oval does not get blow back, there is a old WW2 line folks, lose talk sink ships, or the Chicago version, the windy city can hit you in the backside, and its a hurricane, e.g the liberal NYT on the warpath sooner or later.