Monday, April 27, 2015


Hillary is a disaster of her own making. While none of the latest scandals are really proven scandals, they still have the air of one and her handling of them are making things worse. Email-gate was something even a deranged three year old should have seen being a problem. It's not like she didn't know she was running for President in 2016 and she would be looked over with a fine tooth comb, what idiot sets herself up for a major fall like she has? Of course, her personal emails, which she had complete control over, would be argued about. Of course, her charity work would be examined closely and any impropriety would be blown out of proportion. Yet, she went on as if none of it would be a problem which is a problem in and of itself. How we can elect someone who is SO shortsighted which is not exactly a great thing for a president wanna be to be?
The book about her that came out is indeed a hatchet job by a right wing pundit who has even admitted that he has found no actual illegal activity in any of this. But throw enough mud at the wall and some of it will stick as has happened here. Even if the whole Russian/Ukraine gas deal was a coincidence with a giant donation to the charity by the same countries, and then you conveniently left that off your tax returns, of course it would look bad. What is wrong with you?

The real problem with her is the fact that no one believes anything she has to say. Not the public, not the press, not even her donors. We know this because even though she has pledged to protect the middle class and go after the one percent, much like Obama, once in office all of that will go by the wayside. We can prove this because her top donors are all banks and defense contractors. Below is a list of her top donors.


Who honestly believes that none of these people are going to want something for their money? This is from Politico:

Down on Wall Street they don’t believe it for a minute. While the finance industry does genuinely hate Warren, the big bankers love Clinton, and by and large they badly want her to be president. Many of the rich and powerful in the financial industry—among them, Goldman Sachs CEO Lloyd Blankfein, Morgan Stanley CEO James Gorman, Tom Nides, a powerful vice chairman at Morgan Stanley, and the heads of JPMorganChase and Bank of America—consider Clinton a pragmatic problem-solver not prone to populist rhetoric. To them, she’s someone who gets the idea that we all benefit if Wall Street and American business thrive. What about her forays into fiery rhetoric? They dismiss it quickly as political maneuvers. None of them think she really means her populism.

She is going to raise over two billion dollars making her a formidable candidate. If she gets the nomination, chances are near 100% she will be the next president regardless of who the right picks. Wheee.
But all of that is still some time off and more pressing matters are at hand. Economic problem look terrible right now with many major problems emerging throughout the world. China just had the first state sponsored business fail, a real estate firm, Baoding Tianwei Group Co., went belly up as their real estate market continues its downward spiral. They lost over $10 billion yuan when their real estate market started to fail which is no big surprise as they were building whole cities that would never have enough affordable occupants. The Chinese developer Kaisa also missed out on repaying some loans as well as a third unnamed company as well. China's real estate market looks as good as ours did around 2007 and we all know how that turned out.

The real problem is Greece which behind closed doors, everyone is starting to panic on. This is from

It’s still possible that Greece can remain in the eurozone—though that is no longer the base case for many policy makers. At the very least, most fear the situation is going to get much, worse before it gets any better. No one now expects a deal to unlock Greek bailout funding at this week’s meeting of eurozone finance ministers in Riga—originally set as the final deadline for a deal. The new final, final deadline is now said to be a summit on May 11.
But among European politicians and officials gathered in Washington DC last week for the International Monetary Fund’s Spring Meetings, there was little optimism that a deal will be agreed by then.
The two sides are no closer to an agreement than when the Greek government took office almost three months ago. “Nothing, literally nothing has been achieved,” says an official. In fact, it is worse than that: so far, the bulk of Athens’s reform plans would actually cost money or reduce government revenues, according to eurozone officials.
They say that when you add up all the government’s proposals, the budget surplus required under the current program turns into a 10-15% deficit while debt soars far above the 120% of GDP targeted for 2022. There is no way that the eurozone—let alone the IMF—could disburse funds on the basis of such fantastical numbers.
The bottom line is that Athens won’t get any money unless it can reach a deal that satisfies the IMF that Greek debt is on a sustainable path and that it has a medium-term funding plan in place. The eurozone won’t disburse its own bailout funds without a deal that carries this IMF seal of approval.

With $27 trillion on the line on the derivative market if the Euro fails, the world economy could go splat sometime next month. To put that in perspective, the entire debt of the US is only $18 trillion and banks have only a fraction of that money to pay off should those bets go south. Banks are seeing this and have started stockpiling silver, with JPMorganChase raising their physical silver holdings from $8 billion to $55 billion over the last six months. The only reason you would do would be to hedge your bets that the dollar was going crash and precious metals would explode. This could all lead to electronic money which would allow the government, and the IRS, to track your every purchase and savings. What would a black market look like with that kind of scrutiny?
May 11th is the day of reckoning when a deal between Greece and the EU has to happen or else unknown things will occur. There is nobody on the planet that can guess what a country defaulting like this will do to the Euro and whether other countries like Spain, Italy and Portugal may follow. We are truly in uncharted waters and by the mid-point of next month, a world wide economic disaster may unfold. Be prepared.

No comments:

Post a Comment