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EYE-BALL Guru on – What is really behind the US DEBT crisis …

July 27, 2011 4 comments
The-EYE-BALL-GURU
Title: What is really behind the US DEBT crisis …
Much has been written about the US DEBT Crisis – and the speculation to what is really happening with the DEBT ceiling impasse is at fever pitch.  The world awaits – the investment community sit on their hands and pray …  markets all around the GLOBE are on tender hooks and very skittish – US electoral and consumer confidence is fearful.

The US population are being urged to ring their HOUSE REPRESENTATIVES – all at the urging of President OBAMA  in an effort to try and force the GOP into a backdown.

On the back of this Political brinkmanship being played out with a looming deadline – the WORLD is facing a financial abyss that leads to nowhere and a place where none of us have been before – the GFC will look loke a cakewalk when comparisons are made – the Banks will fail – there are no funds left to bail them out again.

The US Government – the major players and their parties are playing a game of bluff that can only end when someone blinks – they have no idea with what powerful forces they are playing with …

The upshot is the GOP are trying to make their bid for the 2012 US election by making Obama look and appear weak on the debt ceiling debate.

In turn the Democrats are holding a line because they don’t believe he GOP are stupid enough to think the GOP will force a Government shutdown.  So for the best part of three months now – the GOP have been positioning themselves and the Democrats have been likewise engaged.

It’s a ‘my swinging dick’ is bigger that yours game – and the prize is an Armageddon that nobody will survive unscathed …

Who is actually Governing the US is unclear – how can you govern effectively when the opposition control the purse strings and boot your policies out of the park?

Are these politicians that stupid and so naive to think that the US debt position is OBAMA’s responsibility alone – surely the American voters have the common sense to realise that successive Governments have been responsible – both sides of Politics are responsible -

George BUSH left office as the dumbest and most dis-enfranchised US President ever elected to serve in the Oval Office – surely the US citizens know this – it just can’t be party or GOP loyalty that they think differently?

OBAMA came to office in the height of the GFC and looked to the Treasury and found it bare – he then had to fund the BANKs and bail them out during the GFC – prop up Fanny May and Fanny Mac, AIG, FORD and other Corporate bushrangers – all induced by the blinkered and ‘drunk at the helm’ type policies under President BUSH’s reign.

BUSH saw the need to surround himself with known pirates from Wall Street – who were in part responsible for the GFC crisis in the first place – i.e. Hank Paulsen former CEO Goldman Sachs who was Tim Geithner‘s predecessor and the like …

To add to all this GFC crisis environment – BUSH left another money printing legacy – the War in Iraq and Afghanistan costing billions’ a week with no real exit strategy … So – for the GOP to stand and deliver on a Debt Ceiling settlement is purely a posturing of political strategy aimed at making Obama look weak -

This bunch of self-serving US Politicians – who think their viewpoint and their ego’s are more important than what this stalemate is bringing to the table – have no real idea what or where the World Financial Markets are headed – any agreement to a lift in the debt ceiling only postpones the US debt crisis and its serviceability – and any postponement of an agreement to lift the debt ceiling brings more global uncertainty to a market place where there is not enough GOLD available to supply the buy orders that will ensure if this game roll’s over …

The real reasons and solution to why the US Debt is where it is – is a problem nobody dare talks about on the political stage in the US – the lifting of taxes – the raising of revenues combined with a shutdown of the military spending will see the US make progress in dealing with their debt crisis – no US politician wants to take that to the people…

That alone would put the rest of the World on a WAR footing that none of them want to face – if every Nation who piggy backed their own global posturing over the last 50 odd years on the back of the US Military ally support had paid for that premium for that support – then the US debt would be a globally shared expenditure …  its an unanswerable problem and nobody on this Planet is smart enough to fix the problem.

The AustralianToday’s News headlines impacting the Globe and here in Australia include :

The linked story above is a first indication to how bad investment options are out there in the market place. Why do you think Soros is quitting the investment guru game?

The story is about Soros wanting to manage his own family’s private fortune – that has to be an ‘up yours’ to the Global Investment Community. Business men like Soros know when and how the odds are stacked – and he has just cashed in – he’s departed because there is no game anymore – there are no angles – there is no risk return worth risking given the uncertainty facing the Global Investment Community … all the good things are overpriced – and the bad are about to get worse … it’s a ‘house of cards’ and the top card is wavering in the wind …

The linked story above tells how the RBA have given a pathetic expose on what Australian retailers can expect in coming quarters – it is as if the Government and the RBA are advising that the Australian economy is dependent on consumers spending their hard earned on materialistic and consumer items – and this is their response and best answer to running a Country as a Central Banker …

Stevens should know better – yes for 40 years GDP growth has been the benchmark and when it weakens – Governments step in and ignite a stimulus package – never mind that Savings was and has been the burnt offering of sacrificed – replaced by debt to satisfy asset hungry Banks – now the RBA is offering retailers a blunt warning and blaming the increase in savings as a reason why the economy is in trouble – what a bunch on mini me’s …

This third story [also linked above] is about the A$ hitting $1.10 and with no signs of stopping – previous EYE-BALL GURU posts have given you every reason to understand the stupidity of the RBA’s blinkered charter in targeting inflation as the only measure the RBA is concerned about. This is connected to the Treasurer and his advisors total lack of understanding or appreciation to what value the high A$ has stripped and redistributed Australian wealth – all transported to off-shore investors rubbing their hands together at Australia’s stupidity.

The Treasurer and the RBA have sat idly by and allowed it to happen without so much as a ‘boo’ as they sailed by in the pirate ships fully laden with Australian wealth … more mini me’s …

We are truly governed by those we elect – we are the stupid – the dumb ass’s – our apathy is the cause – and our pathetic response is to have a debate about a friggin’ “CARBON TAX” -

Our Leadership are truly the devil in disguise – the US Leadership just have no idea of where they are – or what they face – or will be responsible for …

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The EYE-BALL GURU …

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