You dodged a bullet today – did you see it go by? Did you hear it?
Here is the immediate background: Greece – perhaps the weakest of the European economies, is in collapse. They’ve been playing a dicey political game – telling Greeks that they’ll have to accept less in their government pensions and freebies. At the same time they’ve been asking Europe to bail them out – sort of the way the US Government bailed out AIG, GM, and Chrysler. As has become the custom in Greece, the goons have taken to rioting. Yesterday they set a bank ablaze. Three employees inside were roasted alive.
Europe is reluctant to bail them out until they cut domestic spending [aka socialist spending]. And Europe is very tense right now because Portugal and Spain are nearly as bad off. All of the semi-socialist European tax and spend countries are in trouble. They all have huge immigrant problems which dwarf ours – and all have union control over almost all government, business and industries. In some countries even the students are unionized.
So today some trader – probably at Citi Group – went to sell some P&G Stock.
Instead of typing Million, he typed Billion. The size of the sale triggered a lot of the automated trading programs. Suddenly the computers were in charge, and were selling everything short. Within minutes the DOW had dropped over 1000 points. Another 1000 and people would have started leaping out of windows like they did in 1929.
The market recovered. There will be investigations. Bwarny Fwank will thump his chest. Hearings will be held. The “democrats”/ liberals/ progressives will focus their and [they hope] your attention on Wall Street. That is a diversionary tactic. Don’t fall for it.
The real issue is that Europe has spent sixty years becoming a socialist society, where all decisions are government decisions, and very little wealth is created. And the unintended consequences of dissolving their empires has produced floods of seethingly hostile immigrants – mostly Muslim, from former colonies. Europe has run out of real money to pay for their cradle-to-grave social programs. They are at the breaking point.
Now in their third generation of non-assimilation, these displaced refugees/immigrants are turning Europe into exactly the kind of Muslim socialist society that Obama so much admires. They are doing by sheer population in Europe what he wants to do by stealth, fiat, and 2400 page laws here.
The collapse of European governments will aid in these long simmering Muslim takeovers. The collapse of the US economy will aid Obama in creating the “CHANGE” he so broadly hinted at.
Did you hear that bullet fly past your ear today – right about 2;45 PM? It just missed your head – for today.
/s/ Iron Mike
Old Soldier, – Still Good for Parts!