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The Greek Bailout and Germany’s “Plan B”
The German leadership wants fiscal responsibility. Greek, and other countries, in the EU appear to be leaning towards anti-austerity and more fiscally irresponsibility. This leaves Germany with two options.
1. Stay with the euro and go down the drain.
2. Leave the euro and get blamed for the Euro failing.
Well, with legislation passing in Germany that would permit Germany to leave the Euro but remain a part of the EU, it looks like option 2 folks.
China’s Zero-Growth Economy
Between the electric power used and cargo shipments, it now appears that the Chinese economy is expanding only in the low single digits. Even the positive-looking indicators point to trouble. At the moment, China is heading to an essentially zero-growth economy however, it is not contracting like some countries in the EU. For instance, the Greek economy has contracted by 13 percent since 2009.
How Iran Could Save America
Although not the intended goal of the leaders of Iran, they may actually be helping America. By their actions, they are putting Obama’s wreckage of a foreign policy on display that even the sycophants in the media cannot cover up. As the situation gets worse and worse, Neville Chamberlain err.. Obama will continue to be ridiculed more and more by the international community and it will not be because of his ears.
Aircraft Carrier Enterprise Sets Off On Final Journey
The U.S.S. Target err… Enterprise, with its 5500 crew, has set out at warp speed to join 2 other carriers in the Arabian Sea. Yes folks, nothing says strength like a ship, commissioned in 1961, that is older than vast majority of her crew.
Last year, Bank of America announced, and backed off after public outcry, of a five dollar debt card usage fee. Now, it appears, it is going to add charges that range from $6 to $25 a month. Looks like Bank of America is running out of assets and is now attacking its last asset… It’s customers. When Bank of America goes bankrupt, you can just imagine what is going to happen to that $75 trillion in derivatives.
Labor Leaders to Apply New Clout in Effort for Obama
Union thugs may soon be beating down your door as the leaders of the A.F.L.-C.I.O. prepare to campaign for Obama. Union officials will assert, using $400 million, that the elections this November are vital to keep America on its present course…. You know, over the cliff of insanity. $400 million to reelect the this corrupt failure from the unions who scream loudly that we need to get “corporate money” out of politics. Right!
Greek Students Fight Stray Dogs and Despair
If a Greek University student claims that a dog ate his homework, it may indeed be the truth. 23 percent budget cuts since 2009 means graffiti covered university buildings are not heated during the winter and students studying Swedish with the aim of emigrating. A preview of things to come to the U.S. folks.
Finally, Please prepare now for the escalating economic and social unrest. Good Day