Hey Researcher.
"I think dramatic change is coming regarding the markets and the system that has evolved favouring, dare i say it, empowering some and not others."
Couldn't agree more. I don't think in a good way.
"Treaty of Rome, signed in 1957. That Treaty gave birth to the European Economic Community. It was the beginning of Europe's post-war effort to prevent perpetual warfare between Germany, France, and England. The answer was ever greater political integration."
Of course the Euro has been the logical continuation of this.
Pushed by the Eruo powerful, and their bankers which were mostly unelected behind the scenes faces.
How can the interests of these people / bankers be saved?
Which is what is going on. imo
More Centralized control, and less Sovereign rights.
"Because the European Union is fundamentally undemocratic – it's run by unelected technocrats – modifications to the EU Treaty are quite possible. Greater fiscal integration could be achieved against the will of angry Greeks and Irish because no one in Brussels is going to bother asking them, or allowing them a say in the matter"
Here's French President Nicholas Sarkozy
"With (German Chancellor) Angela Merkel, we will soon make proposals with regard to the treaty amendment to prevent that (eurozone) countries can differ in fiscal, economic and tax polices...We need a convergence of economic policies (in the eurozone), which is to say a convergence of fiscal policies...For developed countries, globalization is a challenge ... No advanced country is immune from the consequences of excessive debt accumulated over the years."
The German's are the only one's with any common sense, because they have the most to loose. The ECB want Germany to basically give Countries like Greece and Italy a blank credit card which will destroy the wealth of it's people.
Why. To protect the wealth of the idiots that continued to lend money to Countries like Greece (160% debt to GDP) and Italy (120% debt to GDP)
Can you imagine giving away over 40% of your GDP to another country with incompetent leadership.
Money printing is the only solution for theses people. Which is to say, it is no solution at all. (As seen in the US. Which by the way has reached it's $15T debt ceiling already)
To money print. What do the have to do?
Modifications to the EU Treaty. How all do you think that's going to take "if" the Germans finally come around to destroying the wealth of it's own people.
As I have already said. BHP have stated that they see Credit as the biggest risk in the next 12 months. Not on their end. At the consumption end. According to BHP, commodities are brought with short term loans. This is what they are worried about in a credit crunch.
Plan for the worst and hope for the best.
I don't want to be the one with my head in my hands, watching the computer screen, as 5 - 8% drops in the market in a day, smash my portfolio
I want to be the one on the other end buying Rio at $35.00
I'm not saying run for the hills. But a good look at your portfolio for company's that have to much debit or are going to need it, wouldn't hurt.
Or you could focus on that little smug on your wind screen, and not even see the truck coming.
This is why I think funding could be a problem for NKP.
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