It seems that most accept the deal accept Greece!!

So 17 countries consulted and made an agreement.
Banks in each country coming forward in order to say whether they need cash. Funnily enough a number of French banks.
However, what is it about these Greeks!
It seems they may not all agree with the 50 % write down of their debt. It seems some party in greece wants 100% write off!!

Bear in mind that 90% of Greeks are government employed.
Bear in mind most do not pay the correct or even any tax.
where will their salaries come from I wonder!!

Expect things to go pear shape.

Immigration rules MUST change

According to a new report
http://www.telegraph.co.uk/news/uknews/immigration/8851902/Migrants-to-send-Britains-population-soaring-to-largest-in-EU.html

Immigration must change and NOW, before it'S too late. We only have so much space!

Don't get too excited about the Euro announcement

Please be sceptical of the announcements last night.

1. Other agreements have failed
2. It depends on economies picking up globally
3. Greeks don't pay taxes and this depends on tax revenues in Greece
4. Banks losing 50% of their money means they won't lend to Greece in a hurry
5. Private investors are likely to lose it all so they certainly won't lend to Greece
6. The French will play their part.
7. The details could take months and Greece runs out of money anyway

Otherwise, we could see the global economy not pick up and this agreement falls flat.
More money is needed
French banks lose more
France loses it's AAA rating which it could still lose!

The Euro joke!

So let's get this straight.
The French want the special bail out fund to provide money for the Greeks and others.
The Germans are refusing this.

The French want the ECB to buy all bonds from troubled countries
The Germans are refusing.

The ECB, say the Germans, cannot buy the bonds as it compromises their neutral stance and will not allow them to fight inflation when it comes, as it will.
The French will not agree.

Now the IMF may step in, which means the UK will be asked for money, which means we help to bail out the Euro eventhough we are not part of it.

This is what I said many weeks ago.
I REST MY CASE
This is a set up!!

Disquiet in Libya

Expect some disquiet in Libya after the burial of Gadaffi.
This is now the anti-climax period.
Still there needs to be Food, Water, Jobs and money!!

I am not seeing too much of this happening.

Bank of England agrees with me and the French are smoke screening

There you go, I must be good.
The BOE agrees that the current bailing out won't cure the problem as I said yesterday.

Shame they can't do anything for the UK to get it back on it's feet, like penalize banks who don't lend !!

Sarkozy moaning at the UK yesterday is just a smoke screen for the French to get funding for their ailing banks..
Can you imagine they want a single Treasury. This is so they can their hands on tax money, but in the case of Greece as it'S a national hobby to avoid paying, how will this work. IT WON'T. I repeat the town of Corinth in 6 months collected Euro 18,000 in VaT. Not good and won't work!!
So let me see, we need fúnding for helping out Greece. Oh we must tax more in every country!
WILL NOT WORK.
THE EURO IS DEAD.

Don't be fooled about the Euro!!

I know I am boring but the fact is I do this blog as a number of people never believed that I said things that came true.
Let me make it clear:
I am good at Macro-Economics and I am good with Common Sense and to most of my friends and acquaintances I also have held the power to foretell things.

So let's just be blunt here.
1. The euro as it stands has failed miserably
2. The quicker Greece defaults the quicker and we can move on
3. UK should not be part of the Eu nor the Euro
4. There has to be at least 3 Tiers of credit levels in the Euro
5. Cameron is wrong in what he is doing by voting against a Referendum
6. The French will come into trouble and all of this brinkmanship between UK and France is wasteful, because any agreement between Germany and France will become void. Don't you know any International company managed any a Frenchman is bound to go wrong.
7. French are one of the most corrupted societies going. I know in the banking world it's rife!
8. The outburst by Sarkozy is to take the problems of the French banks away from the fore news and also it happens to be a re-election next year.
9. The Euro problems will get worse. Any figures quotes to cover debt and keep things going please double from now.
10. The Greeks, Italians, French, Irsih, Spanish, Portugese are all lying about their debt amount problems.
so if they say Euro 1.8 trillion then make 3.5 trillion.
11. Recovery will not happen until 2016 as I have said.
12. Cash is King!!
13. Gold will go up again to about USD 3000 level. Why? 'cos there isn't enough of the stuff physically out of the ground!!

Let's stop at lucky 13 shall we!!