Euro Bank Follies
The markets closed another week of ‘will they / won’t they’ by the Europeans to decide whether they are going to bail out their faltering banking system. They really have no choice as there is no practical solution to the problem. It’s either print or enter 3rd world territory. There is no middle ground. Both are politically unpleasant but one is more unpleasant than the other, in the short term.
Frankly, I’m getting tired of it. Watching the volatility in the financial stocks spiral out of control just makes me sick to my stomach. The situation has already created a growing underclass in the U.S. and in Europe. People selling gold jewelry for cash to make the rent is only the overture in a symphony of bankster created misery that’s bound to last another 5 years at least as the unwinding of this ridiculous financial system slowly reaches it’s death spiral.
I listen to some people who think we’re closer to end-game than we are. They are no where near out of bullets in those guns. The system is just complex enough and the people in charge just insane enough that the papering over of un-payable debts has a long time before the ink wells run dry from all the paper they’ve printed.
Of course working in our favor is the problems they’re having with the new $100 bill. They better get on that one quick as it’ll be the single at some point.
Okay, but is there anything we can do to stop it? Only if you are prepared to drop out of their phony economy and find your way to something better. If I had the choice to illegally Sell Gold Watches of dubious quality out of a suitcase, dodging trigger-happy cops and dissatisfied customers than spend another minute on the Rockefeller-wage-tax-train to my own funeral I would choose the former every day of the week and twice on Sunday after church.
At this point the best advice I can give anyone is to pay off your debt, simplify your life, minimize expenses and learn how to grow your own food. Start a garden, join a community agriculture group, but a milking goat if you’ve got the room. The financial world on Wall St. is dying. MF(ing) Global is the harbinger of the next phase after the Lehman collapse. The Europeans are trapped between their own history and their puppet masters pushing for a One World Government. The best solution for them is to break up the EMU, re-issue national currencies, stiff the banks and cut their governmental budgets by 50%.
In this environment I keep hear that I should sell my gold. For the life of me I can’t fathom that logic.
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