I read this today, King World News Blog, and was stunned at the bluntness in speech and audacity of blatant and obvious attempts at deception and lies that are so bald that one can only reason the “mobsters” are ready for all out turf war as the protection racket gears up for more shake-downs and increased threats. In the mobster movies this ratcheting up of force leads to larger payouts from the victims and eventually the tortures and shootings begin…
If that is the script they are following, then can we expect BIGGER Guns to show up at the bank? ~Ron
Eric King: “I found it interesting that Greek debt was recently upgraded by Fitch. They cited improving economic conditions.”
Kaye: “Let’s not forget that these are the same Greeks who were admitted into the European Union because they lied about their finances. I guess Fitch has some confidence in the Greek numbers, but I don’t.
“I know people who have made money off the Greek debt, not because they trusted the numbers but because they believed Draghi when he said, ‘The ECB would do whatever it takes.’ So in European periphery debt, these individuals feel they have the equivalent of a ‘Greenspan put.’
Again, this just illustrates how we live in the fantasy world, where fundamentals don’t matter. Instead, it’s all about reading the agenda of the corrupt Western central planners, and dancing on the lip of the volcano before it explodes. These aggressive investors and traders are picking up the money on the lip of the volcano because it is there for the taking. But at some point the volcano will claim its victims.”
Eric King: “What about the fact that Italy will now include prostitution and illegal drug sales in their GDP numbers? This illustrates that countries on the European periphery are just doing whatever it takes to put out phony economic numbers.”
Kaye: “Yes, and they keep getting better at it. This is why nobody has any confidence in the numbers — because you can’t get honest numbers anymore. The West has become so corrupt and so full of Orwellian propaganda that it’s now OK to put out economic numbers that are complete bullsh*t.
Now for the people who are trying to make investment decisions, the main question they are asking themselves is: How long can the ‘Draghi put’ remain in place before things become too unstable? For the guys who are making the risky decision to trade in these toxic assets, including a lot of peripheral debt that will never be repaid, they are playing in the casino with the belief that they are smart enough and nimble enough before it all hits the fan.”
READ MORE: KWN