Sunday, August 21, 2011

UH-OH: BRACE YOURSELVES FOR A GLOBAL CRASH

THE EURO-BANKS ARE DANGEROUSLY CLOSE TO MELTING DOWN THIS WEEK - AS THEY DID IN 2008.



AND IT WILL GET MESSIER AFTER THAT AS A RESULT.



BIG PLAYERS KNOW THIS AND ARE POSED TO GET OUT OF THE MARKETS EN MASSE.



HOW WE GET HERE? HOW DID EUROPE GO DOWN THE TUBES?



SIMPLE:



BECAUSE FRUGAL AND PRODUCTIVE AND SMALL "C" CONSERVATIVE GERMANS DON'T WANT TO PAY FOR THE SOCIALIST EXCESSES OF GREECE, SPAIN, PORTUGAL, ITALY AND IRELAND - (FOR STARTERS, OTHER EURO-SOCIALIST NATIONS ARE ALSO ON THE BRINK!) - OR GIVE THEM A BLANK CHECK BY AGREEING TO HAVE A EURO-BOND.



THE GOVERNMENTS OF GREECE AND PORTUGAL AND IRELAND AND ITALY AND SPAIN DID NOT GET INTO THEIR HUMONGOUS UNAFFORDABLE DEBT BY IMPLEMENTING "BUSH TAX CUTS FOR THE RICH" OR BY FIGHTING IN "UNFUNDED WARS" OR BY HAVING BLOATED DEFENSE BUDGET.



THEY GOT THERE BY TAKING THE ROAD TO SERFDOM: SOCIALISM.



(THE ROAD OBAMA HAS HAD US ON FOR NEARLY 3 YEARS, TOO! SIGH.)



SO...



IF THE BANKING SYSTEM IN EUROPE GOES DOWN LIKE IT DID IN 2008, THEN OUR MARKETS WILL GO DOWN BY AT LEAST 5% - PERHAPS AS MUCH AS 15-20% BUY THE END OF THE WEEK.



I THINK THE CHINESE WILL BUY MUCH MUCH MORE USA AND EU REAL ESTATE BEFORE THEY TOUCH BONDS.



BUT NOT ENOUGH TO STOP THE IMPENDING MORTGAGE IMPLOSION WHICH WILL SOON FOLLOW A BANK COLLAPSE.



SIGH.



IS THIS CLOWARD-PIVEN WRIT LARGE?



WRIT FREAKIN' GLOBALLY HUGE MAH MAN!



WHATEVER HAPPENS, WE MUSTN'T LET THE LEFT USE IT AS AN EXCUSE FOR MORE SOCIALISM.

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