(G. Ure) Dow futures were up 30 – amazing what happy retail sales will do. China and Japan were down again. And China is under the key 22,000 level on the Hang Seng, so if the weakness persists into next week there, even though there may be some happy talk about things like Ukraine, it might be interesting to look at the rest of the world before working yourself into a bullish frenzy. Looking at Europe in the early going today, the tea drinking kneelers were down a bit, and the huns and frogs were up a tad. The inference is that no one in Europe has any clue what’s going on, but that should be evident from a quick glance at their shoddy system of government upon government… I’m sorry, but when I look at the EU what I see is one of history’s cruelest jokes. What Napoleon, the Kaiser, and Hitler could not hold together, is now being bubble gummed and babble-mouthed by latter day empire builders. Only to have history make the point that 28 bankrupt countries are no better off than individual ones. The whole point of the “trade deals” is that they provide the international bankster class with a kind of floating “check kiting” scheme which is fine, unless you live in Spain, Portugal, Cyprus, Greece,,,you keep a list, I hope? One could argue that it’s 27 and a half in the EU fold, since the Brits haven’t swallowed the whole bait, yet. And it will soon be 28 and a half (or 29, depending on who’s scoring) when the mobgov of the Ukraine swallows the bait, which they will because they need loans and the old way to do that is to grovel to Brussels. Which is why the power grab for Ukraine is so much like an addict’s “Just one more ounce/toke/drink” plea. Like one more is going to fix anything. It will seem to because here come the checks into the kiting pool, right? Circular refinance, mark up, oh, it’s such a clever machine! More important than anything else, Ukraine gives member states something to jointly worry about and since external enemies are how taxes for arms have been historically stolen from the workers (who just want to be left alone) the resurrected Evil Russian Empire is marketing, marketing, marketing. And shortly it will be tax, spend, tax, spend, which is how people in power stay there. Napoléon and the Kaiser should have been so clever. As history reveals the reality of varying regional interests, economics, and national agendas, the EU will ramp up their own security state and stomp on the realists who call out the check kiting deal…it’ll all be a latter day Stasi. While the me-too school of economics is running around like chickens with their heads cut off screaming about how “Dollar collapse is imminent! Buy my latest book on the end of the world!” the more dispassionate thinker would look at the EU and wonder what analyst in their right mind would fade the Dollar before fading the Euro? But that presupposes there exists an analyst in their right mind, which. now that I think about it, does answer the question, doesn’t it?
Posted on: Thu, 13 Mar 2014 13:41:42 +0000
Trending Topics
Recently Viewed Topics
© 2015