Never mind 'Who Let the Dogs Out', you should be
asking 'Who Bailed the PIGS Out?'
They used to talk about investing in the BRIC countries
(Brazil, Russia, India & China) now it's all about
the Bankrupt PIGS (Portugal, Italy, Greece and Spain)
aka PIIGGS (to include Ireland and Great Britain).
Luckily the EU are making plans to bail them all out...
Who has the printing press for all these Dollars and
Euros being flooded onto the market? Unfortunately
the money is only making it as far as the Fat Cats
in Governments and Banks!
Banks, Governments and Corporations do NOT have a
conscience or spirit - they require human beings to
animate them. When you ask their employees to tell
the truth, be honest and do the RIGHT thing - they
will not speak up and represent themselves but go
to a Lawyer (pronounced liar) to re-represent them
(all paid for by the corporation with your money).
As when given the option to be honest, they choose
not to! After all who would bite the hand that feeds
them? Even if it was slapping the rest of their family
and telling them to as well, before it put leftovers
in their mouth - having had the main meal itself!?
You can't bury or hide the truth, as it always comes
out.
The Real Pigs are in Government and Banking!
[My comments are in italic and square brackets in
the quotes below]
EU agrees on permanent eurozone rescue fund "EU
leaders have agreed to set up a permanent mechanism
to bail out any member state whose debt problems threaten
the 16-nation eurozone.
This year Greece and the Irish Republic have received
emergency EU bail-outs.
The 27 leaders, meeting in Brussels on Thursday,
agreed that in 2013 the permanent mechanism would
succeed the eurozone's 750bn-euro (£637bn; $1tn)
temporary bail-out fund [how temporary and where
does it come from? ONLY $1 TRILLION!], the European
Financial Stability Facility (EFSF).
The summit comes amid continuing concern about stability
in the eurozone, as national debts and deficits have
soared above the EU's targets.
Portugal and Spain have been under financial market
scrutiny since the Irish Republic was forced to take
an aid package of 85bn euros (£72bn; $113bn)
last month. [Do you need to be forced to something
if it was in your best interests? Short answer - NO!]
The European Central Bank (ECB) has been buying billions
of euros of sovereign debt to ease the pressure on
the countries seen as most vulnerable in the eurozone.
It is to double the reserves it holds - to 10.8bn
euros, from 5.8bn euros at present. [Yes, the
ECB will own you too if your country accepts any money
- oh, actually don't worry, you should be more concerned
about your country milking you before the ECB!]
Read more: http://www.bbc.co.uk/news/world-europe-12014385
PIIGGS
Portugal - Perception of corruption
on the rise in Portugal: www.theportugalnews.com
Italy - Civil unrest & riots:
Silvio Berlusconi vote win sparks Rome clashes www.bbc.co.uk/news/world-europe-11992034
Ireland - Ireland’s rating
cut five levels by Moody’s www.independent.ie
Great Britain - UK Bank's rate rise
alert for variable mortgages: www.thisismoney.co.uk/mortgages-and-homes
(honorary #PIIGGS) and Civil Unrest starting with
the students!
Greece - Civil unrest in Greece after
the Bail-out! www.bbc.co.uk
Spain - Spain bad loan ratio rises
to near 15-year high www.reuters.com
They used to write about 'Blood on the Streets' in
the Great Depression - well it's back!
(UK) Bank's variable mortgage rate rise alert - "Two-thirds
of the country's 12m outstanding mortgages - held
by eight million borrowers - are now on floating deals.
This means they risk seeing their monthly repayments
jump if there is any change in the Bank's base rate
- which is currently held at 0.5%.
Combined with next month's VAT increase from 17.5%
to 20%, deep cuts to public spending, rising unemployment,
and the soaring cost of everyday goods, household
finances are facing an unprecedented squeeze. [You
thought it was bad already, prepare to be bent over
a barrel!]
'A relatively small increase in interest rates could
have a fairly sizeable impact on the housing market
at a time when the market is already pretty weak,'
said Jonathan Loynes, chief economist at Capital Economics.
The forecaster said house prices were 20% overvalued
and could fall by that amount in the next two to three
years.
Among the worst hit by a rate hike would be those
who stretched themselves to get on the housing ladder
in the past two years.
The average tracker mortgage charges interest of
3.51% while a typical two-year fix has a rate of 3.54%.
Although this is seven times the Bank's base rate,
banks do not borrow the money they lend on to customers
quite this cheaply. Typically they pay between 0.75%
and 1.5%. [That's right, nearly 500% mark-up (on
your Govt. loaned money) - but only for those of you
that can afford the large 25%+ deposits required to
get on the housing ladder]
Read more: http://www.thisismoney.co.uk/mortgages-and-homes/
Find out more about protecting your Wealth, Money,
Gold and Financial intelligence at: www.richdadstrategies.com
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Bobby
