Saturday, March 16, 2013

And Europe circles the drain

The next big step is HERE

You can see at the article that Cyprus is the next to fall in the banking crisis that is the EU. . .

Folks are making a run on the banks to get their savings out because of a new tax on the savings used for bailing out the failing system.

Assets are frozen to get the money.  ATMs are out of cash.  Folks lining up to get their money out and blaming the other members of the EU for it. . . .

None of this is good.  Will be interesting to see how stock market here in the US reacts on Monday to this after hours mess. . .

I hate to say it folks but I think we are looking at at least a break up of the EU as this goes on, and possible war in Europe as bankrupt countries continue to blame the few countries that are not bankrupt for their problems.

They will never admit is was the swing to socialism that did it. . . and I think the end is near. . . . . gonna be a hell of a crash when the wheels finally come off. . . and they will. . . I don't think it can be fixed at this point as no one wants to give up the free stuff. . . . .

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