Hi Readers
Well it's 2.20am in the morning here and markets are about to open in Asia soon.
The Greeks have voted NO but many have no idea what that really mean.
Let's forget the austerity chat right now!
What it really means is people are not going to get paid for the debt they have lended out.
The Germans and the French are guarantee's of the debt to other members.
We now have people a government voted by the people to snub the west minister system of economics.
So what does that really mean in plain language!
If this starts to spread across Europe then banks who lend money, knowing full well that they can't pay it off could walk away Scott free from the debt and keep the asset.
Expect the Americans to step up and call Angela to get a deal done..
Greece can't be allowed to walk away from the debt, or else the institutions which loaned the money could flip, which means another banking melt down.
Super Mario will defend the euro so no drama there.
It's more got to do with the ramifications of whether Greece will give the bird to the EU or wether they use it as a bargaining chip.
Pollution in Greece is running high with many people going out to the mountains and cutting trees down to keep warm at night.
Government increased taxes of fuel and as a result people have stopped using it.
Which in turn has crippled the governments tax intake.
People's power has become rebellious here, which is fascinating to see first hand.
I doubt that this would occur in Australia or Singapore, as people do as they are told there.
If this occurred in Australia there would never be a tax on electricity by the Gillard government back in 2011.
Fuel consumption is down 40% year on year here because of the high fuel taxes.
Imagine if America or anywhere else people refused to to pay for fuel because the tax was too high and people stood firm on refusing to use it.
Governments would crumble.
But western governments are great BULLSHIT ARTISTS where they tell there people that they use the money for roads and people just pay up.
Maybe 12% of the revenue raise from fuel tax is put into roads the rest is put into undisclosed revenue.
Now private operators own the major highways which governments again throw the blame on to someone else.
It's just fascinating how people here won't accept lies and are proud to have there say.
Maybe it could be time the world starts moving away from the old statesmen politician to a younger eager leader.
I am trying to find Alexis Tsipras DOB, to do his charts.
Need to see where this guy is going , as he is a huge rebel and allowed to be.
Notice how the China is now going to pump liquidity into the market.
Reactive or Proactive government.
Is that because Obama made a call!
The Chinese have been warning of speculation in the market for a while and many have ignored there calls.
Now the market falls 20% they cut rates and allow morgage lending on stocks.
Falls another 10% after the above now they are going to pump more liquidity.
Does this all look right to you ?
What is the impact of this to the economy?
Interesting times ahead.
Well it's 2.20am in the morning here and markets are about to open in Asia soon.
The Greeks have voted NO but many have no idea what that really mean.
Let's forget the austerity chat right now!
What it really means is people are not going to get paid for the debt they have lended out.
The Germans and the French are guarantee's of the debt to other members.
We now have people a government voted by the people to snub the west minister system of economics.
So what does that really mean in plain language!
If this starts to spread across Europe then banks who lend money, knowing full well that they can't pay it off could walk away Scott free from the debt and keep the asset.
Expect the Americans to step up and call Angela to get a deal done..
Greece can't be allowed to walk away from the debt, or else the institutions which loaned the money could flip, which means another banking melt down.
Super Mario will defend the euro so no drama there.
It's more got to do with the ramifications of whether Greece will give the bird to the EU or wether they use it as a bargaining chip.
Pollution in Greece is running high with many people going out to the mountains and cutting trees down to keep warm at night.
Government increased taxes of fuel and as a result people have stopped using it.
Which in turn has crippled the governments tax intake.
People's power has become rebellious here, which is fascinating to see first hand.
I doubt that this would occur in Australia or Singapore, as people do as they are told there.
If this occurred in Australia there would never be a tax on electricity by the Gillard government back in 2011.
Fuel consumption is down 40% year on year here because of the high fuel taxes.
Imagine if America or anywhere else people refused to to pay for fuel because the tax was too high and people stood firm on refusing to use it.
Governments would crumble.
But western governments are great BULLSHIT ARTISTS where they tell there people that they use the money for roads and people just pay up.
Maybe 12% of the revenue raise from fuel tax is put into roads the rest is put into undisclosed revenue.
Now private operators own the major highways which governments again throw the blame on to someone else.
It's just fascinating how people here won't accept lies and are proud to have there say.
Maybe it could be time the world starts moving away from the old statesmen politician to a younger eager leader.
I am trying to find Alexis Tsipras DOB, to do his charts.
Need to see where this guy is going , as he is a huge rebel and allowed to be.
Notice how the China is now going to pump liquidity into the market.
Reactive or Proactive government.
Is that because Obama made a call!
The Chinese have been warning of speculation in the market for a while and many have ignored there calls.
Now the market falls 20% they cut rates and allow morgage lending on stocks.
Falls another 10% after the above now they are going to pump more liquidity.
Does this all look right to you ?
What is the impact of this to the economy?
Interesting times ahead.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.