Wednesday, 13 June 2012
Interesting times..............from Rico
Interesting times indeed. For lazy readers, I did not say fun times...rather the Chinese proverb/curse "interesting times."
Greek deposits are fleeing the Greek banking system at the rate of 100-500 million EUro's a day (for progressives read: HUGE bank run) with their legislative election scheduled for 17 June. Care to 'guess' how that will turn out?
The Spanish bailout lasted all of 2-6 hours before completely flopping, and a second bailout may be needed before details of the first one are even figured-out.
By Tuesday the moderately clever folks had noticed that Italy was a larger version of Greece, Italian bank runs seem to have started in the wake of one large Bank declaring a 'banking holiday' (read: shutting down without notice to its customers), while the not-overly-clever EUrocrats kneejerk and talk about limiting the movement of money and people, plus restricting ATM withdrawals when they SHOULD be worried about France being in the bull's eye next (like Credit Suisse clearly is).
Soros (a.k.a. "that rotten Hungarian") is giving the EUro three months to fail, but two months may be a better bet given the rapid accelleration of events.
Consider that: Portugal cannot rescue Greece; Spain cannot rescue Portugal; Italy cannot rescue Spain; France cannot rescue Italy.
- While Germany could rescue France...will they? Even on their terms?
But it's too soon to crack that celebratory Budweiser open, Sparky!
- Sure, the Dollar seems to be the best-looking horse in the fiat currency glue factory corral, yet America's fundamentals are worse than those of Greece and the same 40# economic brains running the ECB and other large Central Banks are also running the Fed (when not reading Paul Krugman's puerile scribblings in the NYT).
Conclusion? We're ALL freakin' doomed!
News...........
"JJ's .284 brit"™ meets the 140 grain sierra pro hunter .... and a proper deer cartridge is the result ....
Cornyn to Holder: "It is my sincere hope President Obama replaces you"
Denial of Mehdi Army mobilization, Sadrist leader
Reagan’s Sign of the Cross Speech
CDR Salamander: Bye, Bye B.I.O.T. ?
A Pre-Revolutionary Situation
Texas dad "remorseful" after catching man molesting his daughter and beating him to death
Europe: The monster under the bed?
Websites to be forced to identify trolls under new measures
BLACKFIVE: Jeep Wranglers new look
Socialist or Fascist?
U.N. Climate Organization Wants Immunities Against Charges of Conflict of Interest, Exceeding Mandate, Among Others
A Presidency of Excuses
Dem pollsters: Obama may face 'impossible headwind'
Holder: 'I Stuck By My Guns'
Vatican to nuns: Get in line on doctrine
Obama's Jewish Support Drops 22 Points in New York
Glenn Beck signs $100 million, 5-year radio deal
Montana High School Cancels Famous Graduation Speaker Because He’s ‘Too Conservative’
Former Olympian flies with the Blue Angels
Changes coming to News Journal subscriptions
Federal budget cuts, GSA scandal to hurt hotels
Holder Predicts 'Impending Constitutional Crisis'
Now union members are deserting Obama
Israel’s Heroism of Survival
Prosthetic leg lost at sea returned
Falkland Islanders get vote to stay British and say ‘hands off’ to Argies
Russia is sending attack helicopters to Syria, says Hilary Clinton as she warns that conflict could become 'dramatically' worse
Major Geoffrey Langlands, 94, leaves his post in Pakistan's North-West Frontier Province after 60 years
Army future at risk with cull of most experienced officers
US 'kept quiet over Chinese UN breach' on North Korea
US tells Pakistan to 'bite the bullet' over Nato supply routes
End of the Honeymoon Germans Increasingly Disillusioned with Obama
The Next Domino Europe Unprepared as Euro Crisis Deepens
Israel concerned Hezbollah may move Syrian arms to Lebanon
Tuesday, 12 June 2012
The Liberal National Anthem: Liberals Like Bill Press Are Putting the As...
Talk show host Bill Press mocked the US national anthem. To honor the liberal contempt for America, Zo rewrites "The Star-Spangled Banner" to honor liberal values like drug abuse, abortion and lawlessness.
Late News..................
A moment of old-time sailor zen...
Are contempt charges a game of Capitol Hill chicken?
Iraq sees well-supplied oil market
If we don't get our economic act together...
Obama's worst week?
Great Recession erases 20 years of wealth
Massachusetts town OKs $20 fine for swearing in public
Weakened Obama Pays Price for Neglecting Fellow Democrats
DNA testing is used to curb those who fail to clean up their dog's poo
Lawmakers press Holder on leak probe, take call for special prosecutor to Senate floor
Rep. Marcy Kaptur's Thirty Years of Failed Policies
You ain't seen nuthin' yet!................from Rico
It will not be a single event, nor has it been thus far.
- It will not happen over a day or a few weeks like a Hollywood movie or made-for-TV event.
If you, like most Americans have the attention-span of a goldfish you will NOT understand that the world-changing events we are now seeing play out over years. Years.
Think of waves lapping the beach.
- Lehman.
- 2008.
- EUrope.
It took decades to accumulate $16 trillion of national debt. (Well, Barry accellerated the process a bit.)
It took decades for consumers to build the debt bubble.
It took decades to gut America's infrastructure and ship millions of jobs overseas.
The USG is NOT going to help anyone when the SHTF. It is sadly NOT going away, either.
- Never letting a 'good' crisis go to waste, it will tighten the collars on their subjects and millions will suffer horribly. Deeply.
Debt-fueled prosperity will end with communities becoming rotting cesspools.
- Crime and looting will be rampant, while the USG becomes ever more authoriitarian. Totalitarian.
Gee, thanks.
You ain't seen nuthin' yet!
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