Investors don't know what to make of Greece
Markets drop, and then rally, on different pieces of news about the country's future.
This cheap Hollywood publicity campaign about Europe has been going on for years. Europe is playing some investors like a fiddle. We all know what these stall tactics are about. Been laughing about it for years. Who do they think they're fooling? And our press covers it like it's news or something. Yep, some dummies are going to get burned. The rest, the wise investors, are buying gold, real estate (in America), GAIN, PNW, BA, MO, and COP.
Even a blind pig finds an acorn now and then (unless it's driving a Chevy Volt).
Greece is doing fine. It ousted a former Central Banker and a bunch of paper pushers from power. It burned it's banks down. It gave the EUC the middle finger, gesturing what they can do with those complex financial instruments. Who is on the hook? Goldman Sachs for concocting them and JP Morgan for the flawed flim flam that is derivative-formulated debt as currency. TWO American banks destroying ONE world. Greeks revived the Drachma at the local level and restored commitment to the fundamentals of self-sufficiency. The People of Greece have sufficient resources to weather the time it takes for everyone else to catch up. Iceland led the way. You can't invest in something like that-- yet.
You actually DO know where we are now. There are few relevent publicly traded stocks any longer. Apple and Google are NOT relevent at all. In fact, both are counter-relevent when you consider what we have to do to restore economy. The vast majority are financial platforms with minimal personnel, who import. Unemployment and under employment now comprise a majority, and with all our currency stuck overseas, a new useful currency is straight ahead. The old debt? That gets pinned to the foreheads of all the debt contract holders. We aren't dumb. We know Inflationists holding majority stock interests terminated careers to cause economic compression aided by fiat money printing owed to debt instruments. The greedy never trickled the new money into the economy so we had nothing to build small business revival with. Now, the same people have all the money AND the contracts. Makes it genuinely easy to cut them out of the equation and restore basic self-sufficiency. Just like Iceland. Just like Greece.
Dispute it all you want, but natural cyclical renewal trumps new world order and always should.
Just keep kicking the can a bit further down the road. Its worked well so far.
Cut $3 billion to get $31.5 billion and the Greeks are complaining? What idiots. Never turn down OPP.
Europe is stalling in the hopes that we actually do something about our own debt issues but with this being an election year and the Do Nothing Tea Party Evangelicals controlling Congress that isn't going to happen in 2012. This is what the founding fathers warned about if you allow church and state to intertwine - a rise in fanaticism and chaos. The GOP has lost their way. It was sad to watch Romney and Ryan lie and lie and lie during the convention. Do they not remember what happened to Governor Ann Richards of Texas when she pulled that on George Bush, Jr.? He won by a landslide and her career ended in shame. The GOP needs a Centrist who can focus on real business and leave the religion behind in his own home. Do Republicans really think we are so stupid we need them controlling what we believe and what our children learn in school? Have they forgotten we have muslims, jews, hindi, buddhists and other religions in this country? Yes, they have and they don't care. This election will be a blow-out win for Obama. Secular Europe will be fine.
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Do it once a year. This allows the best-performing asset classes to take off and run.
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