As I sit in the back row of the peanut
gallery I can’t believe the drama unfolding on stage.
Europe
Europe is literally destroying itself as the failed experiment with
a joint currency, entered into with no exit strategy, is disintegrating,
leaving behind anarchy, chaos and a total loss of confidence in any form of
leadership. Peter Tchir of TF Market Advisors had a great point when he asked “Greece's way to a budget surplus is
through austerity, but our path to austerity is the big new jobs program?”.
Middle East and North Africa
For the first time in weeks we have
no headlines about how the “rebels” have once again cornered Gadhafi.
In the Middle East Israel faces the most serious challenges since they became independent in 1948 as they deal with extremist infiltration on their southern border with Egypt in the Sinai, the Palestinians are pushing for statehood, Syria is imploding and Turkey is still upset about the attack on their flotilla last year.
In the Middle East Israel faces the most serious challenges since they became independent in 1948 as they deal with extremist infiltration on their southern border with Egypt in the Sinai, the Palestinians are pushing for statehood, Syria is imploding and Turkey is still upset about the attack on their flotilla last year.
Political Arena
Instead of dealing with the real issues, Obama wants to
spend $250,000 to create $40,000 jobs. His redirection of taxes it is a
textbook example of socialism. Even today, as Europe collapses all he wants to
do is campaign to promote his political strategy solution
in battle ground states at the taxpayers’ expense. How does Obama spell
Watergate? Solyndra.
Financial Markets
With all this uncertainty the Wall Street Kleptocrats continue to unleash their HFT programs and provide “liquidity” by front running the last organic traders brave enough to put their money in the pit. How can the markets be up 1.25% with all this drama and uncertainty? I believe that in the near future physical gold at $3,000 will be considered a huge bargain.
With all this uncertainty the Wall Street Kleptocrats continue to unleash their HFT programs and provide “liquidity” by front running the last organic traders brave enough to put their money in the pit. How can the markets be up 1.25% with all this drama and uncertainty? I believe that in the near future physical gold at $3,000 will be considered a huge bargain.
So on that note, here is my
contribution to the rumor mills in an original posting that is sure to account
for another 300 point rise in the Dow, hope you enjoy it.
(AP, Reuters) Chinese Premier Wen Jiabao announced today that his country had successfully completed the acquisition of the entire country of Greece. In anticipation of the failure of democratic socialism, his central planners have been preparing for years to import vast numbers ofslavesguest workers. Relocation is set to begin immediately to Jiangsu, Chenggong, Ordos and Zhengzhou, previously falsely identified by Western media sources as ghost cities. After undergoing proper indoctrination to reset their work habits and expectations, all former Greek citizens will begin the production of consumer goods recently outsourced to Vietnam and Thailand. In a related announcement, France announced that they were partnering with China and Disney Entertainment to fund the construction of the world’s largest vacation theme park in what formerly was referred to as the Greek Islands.Further reports indicate that Italian Prime Minister Silvio Berlusconi was last seen in Mongolia discussing the possibility of developing large tracts of grassy steppes and Spain’s President of the Government José Luis Rodriguez Zapatero was in Tibet and Nepal evaluating options for their Basque and Catalonian citizens.
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