“Oh crap!” – certain to be heard in banks and government offices today. The ECB and its allies loaded the cannon with everything they have, and the broadside bounced off the enemy ship with just a dull thud. As Europe wakes up, the Euro has fallen below $1.27
Obscured a bit was that Germany is carrying a big part of the weight of bailing out the parasites in Greece. Germany had an election over the weekend, and Mrs Merkel’s party suffered large losses due to her support of the Greece rescue plan. It’s likely she won’t be able to even implement some of the plan.
PM Brown over in the UK has succumbed to the little old lady bigot vote and is rushing headlong for the door out of 10 Downing street
President Obama has declared that people having access to too much information is a danger to democracy. The threads holding civilization together are showing signs of weakness
