Thursday, May 20, 2010

European Wave Gathers Intensity

The economic tidal wave is building strength -
How bad is it? Up Issues on the NYSE is at 3%. Only 2 other days since 1950 were worse, 9/26/55 and 10/19/87.$

It’s not just American markets feeling the pressure today
  • France’s CAC 40, down around 2.7%
  • Germany’s DAX, down around 2.9%
  • UK’s FTSE, down around 2.5%
  • Spain’s IBEX, down around 2.5%
  • Italy’s MIB, down around 2.5%
  • Portugal’s PSI, down around 2.8%
The Real Effect
What we are witnessing is going to be talked about in the history books for millenia. There is a fundamental change in the way the middle-class and below of the world view the world. An "enlightenment" if you will. Here is the crux of the problem though. The globalists understood that the sheep would wake up, in fact they anticipated and planned for it by naming it the IMF riot. The relevant question is, who can outflank who here? Will the people get to the globalists before they are able to pull the trigger on the full police state?

Look for capital to fly from asset to asset, looking for a safe harbor, yet there is very few left to be found. As I write, Japan is getting savaged. So they look to gold to save the day, yet the ETF's are fraudulent as well, which ends up skyrocketing the cost of gold. Ladies and gentlemen, the fireworks haven't even started yet.



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