I hope you all have been doing your homework, reading newspapers, data, facts, breaking news and events from Asia, Europe, Latin America, not only from the US and Canada. We need to be WELL and PROPERLY informed so we can act accordingly to protect our assets...and eventually our safety and dignity as human beings.
Good luck everyone and read on.
"Europe is a mess and the sovereign issues have not been addressed with clarity," Mr Smith told journalists in Sydney today.Greece demonstrations against government
"The uncertainty has continued and that's probably going to get worse. The contagion issue is now very real."
"The downgrade of Spanish government debt by S&P is another alarming sign that the effects of the Greek crisis are spreading," said European economist Ben May at research firm Capital Economics in London."Spain financial turmoil
"The ratings agency said it expected Portuguese “economic activity to stagnate in 2010,” adding that its “growth potential will likely remain subdued, constrained by weak international competitiveness, low productivity gains, stagnating investment growth, and falling domestic credit as the highly leveraged private sector reduces debt."Portugal debt downgraded
"Investors are abandoning the euro at a rate not seen since the collapse of Lehman Brothers Holdings Inc. as Europe’s worsening fiscal crisis threatens to splinter the 16-nation currency union."Investors abandoning the Euro
"Using an emergency law that allows arrest without charge and restricts the ability to organize, the Egyptian government and the ruling National Democratic Party have for decades blocked development of an effective opposition while monopolizing the levers of power. The open question — one that analysts say the government fears — is whether the workers will connect their economic woes with virtual one-party rule and organize into a political force."Egypt protesters, low salaries, unemployment
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Is Greece an oddity or is it The Example?
ReplyDeleteIs Greece the only country whose politicians cannot tell government employees that they will not receive the pensions they were promised?
Remember Carter Bonds?
How long will it be until we issue Obama Bonds?
Spain is now
ReplyDeletehaving the same type of problems that Greece is having..
If the government keeps giving everyone these so called
free programs They will in due time run out of other peoples
money.That includes the rich ,the working middle class
and the taxpayers.Our government wants a one size to
fit all.The same healthcare,a limit on your wages and
if you make too much that will be taken away to transfer
to some one else.Our system is being transfered to a
European type of system.The government in due
time will control most of the aspects of your life
and you will lose most of your freedom in the end.
Plenty more downgrades to come as the PIGIES head to slaughter.
ReplyDeleteEurozone woes have only just begun...
ReplyDeleteCITI, on their letterhead, now officially questioning whether there will be ANY AAA-rated sovereigns five years from now.
http://www.zerohedge.com/article/willem-buiter-issues-his-most-dire-prediction-yet-sees-unprecedented-fiscal-crises-rampant-u
The world is going deeper into depression and it is driven by economic factors and political failure.
ReplyDeleteWell said, Dr. Castro. In few words you say and mean so much.
ReplyDelete