PIIGS In The Mud!!!
Well it is no surprise that the European countries have finally bitten the bullet and come to the forefront and admitted they are in serious debt. We have been talking about this for a long time, and our subscribers know about this whole situation.
Isnt it funny that they too just wave the magic BAILOUT wand and the the BAILOUT fairies come to the rescue with millions of dollars to help out. Where can I get these fairies from???. They seem to still be in plentiful supply.
If you have been reading the news there is alot of talk about PIIGS…
PIIGS basically stands for Portugal, Ireland, Italy, Greece and Spain and they are in big trouble. We have been telling people that the US and European countries were in serious trouble and people just thought this recession nonesense would just wither away. NO!
I am glad that this is now coming out and things can move forward. It was frustrating for us to see the lies, and entities that run these countries just tell people to calm down. Thats like cracking and egg over someones head then going that extra mile and rubbing in their face at the same time.
The market reacted positive to this bailout news, had a bounce, but long-term I believe after Greece, the EU will face other woes. This is not just the be all and end all to it.
People were not realizing our message in 2009 of “DONT LISTEN TO THE GOVERNMENT PROPAGANDA” as you can see it was just all fluff…maybe some see what we mean now, but normally karma has its way for the truth to come out in the end. Well we are just seeing the start of it.
Europe is in just as much trouble as the US. And there is not quick fix, wave of the wand, printing that money, or whatever they will continue to try to dupe the general public.
It is intresting to see this happen so early on in the year. As forecasters the exposure to such information leads us to belive that more sad stories are on its way as the slow economic collapse of many countries is now still on track. The euro has been under alot of pressure over the last few week but we continue to see this event contiue to play out down the track. The sad thing is that if there is a currency crisis down the track, the Euro will get hit hard as since about the mid 1990’s it is such a larger player in the realms of the global currency world.
Quick Note: We will be releasing our new 2010 newsletter on Sunday the 14th of February.
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