You mean the interstellar lizards and the grey dwarfs run the banks? Aren't they the just UFO-New Age-SciFi equivalent of Satan's demons?
Can't we just pray to Jesus and be forgiven? .. --- In FairfieldLife@yahoogroups.com, Bhairitu <noozguru@...> wrote: > > On 08/03/2011 10:08 AM, emptybill wrote: > > Europe on Brink of 'Major Financial Collapse': Guggenheim CIO > > Published: Tuesday, 2 Aug 2011 | 1:24 PM ET > > > > By: Gennine Kelly<http://www.cnbc.com/id/15837548/cid/154698> > > Web Producer, CNBC > > > > Europe is a "train wreck" and on the "brink of a major financial crisis > > <http://www.cnbc.com/id/38451750/> ," Scott Minerd, CIO of the > > fixed-income firm Guggenheim Partners, told CNBC Tuesday. > > > > "The way Europe is operating right now > > <http://www.cnbc.com/id/43944476/> , it's what I called recently > > 'cognitive dissonance,'" Minerd said, or "basically doing the same thing > > thinking they're going to get a different outcome." > > > > "They keep throwing more and more liquidity at it thinking it's going to > > get better and it's not," he added. Europe fails to recognize that it > > has a "structural problem, not a liquidity problem." > > > > People will "flee the euro" unless they find a way to bifurcate the euro > > in some way where strong countries are in the euro only and the weak > > countries are out, Minerd explained, adding, "To be honest with you, I > > don't see the mechanism to do that." > > > > "As the capital is flooding out of Europe, which we're starting to see > > now, the first place it's going to go is to the safe havens[U.S.] > > Treasury-s<http://www.cnbc.com/id/15839203/?site=14081545> , which [the > > market] perceives to be safe, and it'll chase gold > > <http://www.cnbc.com/id/15839171/?site=14081545> ," he added. > > > > Compared to a 2 percent return on Treasury notes, investors will > > eventually say that "stocks with price-earnings multiples of 12 or 13 or > > 14 look relatively cheap, and the growth for corporate earnings in the > > United States is very good, and this is likely to help us," said Minerd. > > > > The United States is "the least dirty shirt in the bag," Minerd > > concluded. "We have a very good chance of seeing equities > > <http://www.cnbc.com/id/15839215/?site=14081545> up maybe another 10 > > percent [over the next six months] from where we are." > > > > .. > > Greece is having a bank run. These countries should have done what > Iceland did and tell the banksters to get lost. Iceland has direct > democracy and 90% of the population voted to tell the banksters to go to > hell. Their economy is beginning to pick up. The majority of Americans > told their representatives to vote against the bailout in 2008 but the > representatives ignored them. If the US had direct democracy we would be > in much better shape today the world would be rid of these age old > felons who enslave humanity. >
