That should aptly summarize the current state of affairs for the Madoffsky ponzi called the Eurozone. "We're from the Union and we're here to fix you".....a new twist on an old line but oh how appropriate for our current predicament. As Trillions of dollars are printed yearly in the U.S. (some estimates are over 6 Trillion/yr now) to give us a meeger 2% GDP growth.....we celebrate our "recovery". We celebrate our housing recover as millions of single family homes fall into the hands of hedge funds giving the impression that "people" are once again living the "American dream"....instead of the truth which is funny money in the hands of bankers is picking up still over-priced real estate just to find a home before the plug is pulled on the printing press. Of course the reserve currency can sustain the "Grande Illussione" much longer than the Eurozone. We are a single monetary/political unit designed to keep the game going much longer than the European central bankers. Of course what the CNBS presstitutes fail to mention in all of the current hoopla regarding the housing recovery is just how terrible this illusion REALLY IS. Why you may ask is this terrible? It is pure and simply perpetuating what got is into trouble and that is MALINVESTMENT.
Blashphemy! How dare one criticize our dear housing recovery. Think of all the Real Estate agents and builders and laborers and Home Depoites that are thankful to have a job tonight. Sorry to give you this news sheeple dip swallowers but a "housing recovery" is an illusion created by Ben's malinvestment. Its built on quicksand and has the life-span of a knat. If it makes some of you feel there's a future in this strategy then gl with that Netflix you're holding. Instead of a long term plan to rebuild our economic system with honesty, transparency, and true CONfidence we are reinflating a housing bubble that can't be reinflated but it at least keeps the banks that put us in the hole looking like they are solvent. Forget our infrastructure collapse. Forget the roads, bridges, railways, and crumbling educational system.
Let's jump back to Europe. You don't get it do you?? Why would they make these "mistakes"? Why pull the rug from beneath the whole CONfidence game with this awkward Bail/in/out of tiny Cyprus? Maybe this is all a blunder on their parts. Inept technocrats stumbling through a series of incredible mistakes that have now placed the VERY ESSENCE OF BANKING AT RISK. Maybe.......but let's look at this from the standpoint this premise is the case. If so....then rest assured this game is over. Most of you think I mean it ends here and now.......maybe....its really very possible and if you were smart, you should have already taken precautions WHEREVER you live. Contagion is funny thing......its hard to predict but when it happens it tends to spread much more rapidly than anyone "could have predicted". I am NOT predicting CONtagion right here and right now but I am telling you that Cyprus has "lit the fuse". I do not know if its a few days or a few weeks, but I have concerns this move can escalate beyond what the media is having you believe.
The other concern I have is that the above premise is wrong and this is engineered, and this is what I believe to be the case. I won't go into any detail on the motifs, but the outcome remains the same......CONtagion and fear. Never let a good crisis go to waste. Finally...watch the "Capital Controls" ....its VERY important in the short term and long term......its like trying to "Price Controls" to control inflation that were imposed by Ford in the 70s.......it opens tremendous risks all over Europe. Pour this poison into the European system and watch it die......gl