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Not rooting against America. But if it were a sporting event, USA is down 17 (trillion ) with time running out.

I keep expecting to see you on Doomsday Preppers

"Most of the experts in here couldn't find Cyprus on a map" ~~~ Roscoe P. Coltrane



who uses the ~~~ anyway... its worthless and takes effort.

I wonder what the difference between all and most is?


Billy left his home with a dollar in his pocket and a head full of dreams.
He said somehow, some way, it's gotta get better than this.
Patti packed her bags, left a note for her momma, she was just seventeen,
There were tears in her eyes when she kissed her little sister goodbye.

They held each other tight as they drove on through the night they were so exited.
We got just one shot of life, lets take it while were still not afraid.
Because life is so brief and time is a thief when you're undecided.
And like a fistful of sand, it can slip right through your hands.

Young hearts be free tonight. time is on your side,
Don't let them put you down, don't let em push you around,
Don't let em ever change your point of view.

Paradise was closed so they headed for the coast in a blissful manner.
They took a tworoom apartment that was jumping evry night of the week.
Happiness was found in each others arms as expected, yeah
Billy pierced his ears, drove a pickup like a lunatic, ooh!

Young hearts be free tonight.time is on your side,
Don't let them put you down, don't let em push you around,
Don't let em ever change your point of view.

[instrumental verse]

Young hearts be free tonight.time is on your side.

Billy wrote a letter back home to pattis parents tryin to explain.
He said were both real sorry that it had to turn out this way.
But there aint no point in talking when there's nobody listning so we just ran away
Patti gave birth to a ten pound baby boy, yeah!

Young hearts be free tonight, time is on your side.
Young hearts be free tonight, time is on your side.
Young hearts be free tonight, time in on your side.

Young hearts gotta run free, be free, live free
Time is on, time is on your side
Time, time, time, time is on your side
Is on your side
Is on your side
Is on your side
Young heart be free tonight
Tonight, tonight, tonight, tonight, tonight, yeah

The Great Global Tax Grab is Already Underway


The world will soon be facing a tsunami of defaults on bad debts. This will include municipal or local government defaults such as the one now occurring in Stockton California, governments “defaulting” on promises they’ve made to the people (Social Security, Medicaid), a default on the social contract between society and politicians such as the one in Cyprus (a default on the notions of private property and Democracy), stealth defaults on debts in the form of inflation and finally, of course, outright sovereign defaults.

However, the last option will be sovereign defaults; all other options will be tried first. The reason for this is that sovereign bonds are the senior most collateral posted by the banks for their hundreds of trillions of Dollars worth of derivatives bets.

The minute an actual sovereign default occurs in Europe, Asia or the US, then the large global banks will all be vaporized. End of story. As is now clear, the Central banks do not care about ordinary citizens. They only care about propping up the big banks.

This is why Cyprus decided to default on the social contract with its people and steal their funds rather than simply instigating a formal default. And it’s why in general we’re going to see Governments implementing more and more theft in the form of “taxes” (Cyprus called its theft a tax) in the future.

This will be sold to the public as either an attempt to tax those with a lot of money because it’s only fair that they put in more to bailout the nation OR as a form of financial terrorism e.g. “either you take a 7% cut on your deposits and the bank stays afloat or the bank crashes and you lose everything.”

This will be spreading throughout the world, GUARANTEED.

Spain, Canada (which allegedly has the safest banks in the world), and New Zealand have already begun discussing confiscation schemes for depositors in the event of a banking crisis.

As Cyprus has shown us, when push comes to shove, rule of law goes out the window. I fully expect that when things get really bad in the financial system the money grabs will come fast and furious. Foreign accounts, including possibly even Gold held aboard, will come under attack. Heck, the US got Switzerland to throw its 300-year-old banking secrecy out the window…

The Swiss bank Wegelin is to close, after admitting that it helped about 100 US clients evade paying taxes.

The news that Switzerland's oldest private bank will cease to operate has potentially huge implications for Switzerland's entire banking sector, and for the long tradition of Swiss banking secrecy.

Thirteen other Swiss banks are under investigation by US authorities, among them Credit Suisse, a bank now termed "too big to fail" by the Swiss government.

When Wegelin's managers pleaded guilty in a New York court, the case was watched with mounting horror by the financial communities in Zurich and Geneva.

Many had expected Wegelin to continue to try to fight the case. For months, the bank had failed to turn up in court, saying the summons had not been delivered correctly.

Instead, Wegelin's guilty plea included the admission that it intentionally opened accounts for US citizens to help them avoid tax.

http://www.bbc.co.uk/news/business-20909168

http://www.zerohedge.com/contributed/2013-04-12/great-global-tax-grab-already-underway


One way to put this into perspective...look at the GM bailout. The bondholders of that corporation are represented by the sovereign defaults in the article above. Until then a bondholder was insured that IF a company did fail, they would be the first in line to receive "something"...after all it was THEIR capital that made the corporation...riiight? Well how did that work out for them? The same thing is afoot.

Yeah...riiight...you're no mover and shaker Mr. Soros.

You don't have any game.

Investors can be forgiven for feeling jittery about the eurozone again, after George Soros, America's most successful investors suggested the economy in Germany could be pulled under by the crisis.

Mr Soros is best known for being the man who 'broke the Bank of England' by betting against the pound during 1992 sterling crash.

Now he is predicting similar problems for Germany. "Germany itself remains relatively unaffected by the deepening depression that is enveloping the eurozone," he said. "I expect, however, that by the time of the elections, Germany will also be in recession."

Is this the beginning of the end for the eurozone? Should investors cut their losses and run? Or could another period of instability provide rich picking. After all despite the debt crisis European stock market outperformed many other Western markets last year.

This week's briefing assess what happened in this troubled region, and looks at option for investors now.

WHAT HAS HAPPENED SO FAR?
Put simply – some European countries spent cash they did not have and then required help from richer nations to pay for public services. This has meant handouts from solvent countries in the eurozone (like Germany), and bailouts from the International Monetary Fund (IMF). In return these countries have been required to implement drastic spending cuts.

It's been three years since Greece was first bailed out to the tune of €110bn. Since then, Portugal has received €78bn from the IMF, Greece received a further €120bn and Spain's banks have been propped up by eurozone funds. Ireland has also received a €85bn boost.

Although there was much talk of Greece exiting the single currency, thus far the concept has been dismissed.

The problem is that the pool of solvent countries is shrinking, and these countries have their own growth problems. The German government has predicted economic growth of just 0.4pc this year; while both the UK and France have both lost their AAA credit rating.

Most recently Cyprus has required a €10bn bail-out – which led to a tax being imposed on its own savers. Italy has also failed to form a government following elections in February. These factors have caused the euro to fall in value against the dollar, and there are concerns that this could have a knock on affect on the share prices of many large European companies – particularly banks.

WHAT IS BEING DONE TO FIX THE PROBLEM?
Most of Europe is in a double dip recession: it appears the bailouts and belt tightening have not yet had the desired effect.

Cuts have failed to stimulate growth and many analysts say that unless there is radical policy change the region could slip into a more serious depression. Last July European Central Bank President Mario Draghi (known colloquially as Super Mario) may have vowed to do whatever it takes to preserve the single currency and return Europe to profitability, but a sustainable economic recovery still seems some way off.

"By bailing out Cyprus, the eurozone averted probably its closest brush with break-up so far – although the consequences would have been greater were a larger country about to leave the single currency," said Norman Villamin, of Coutts Private Bank. "But Europe is not out of the woods. Without economic growth and progress on creating a banking union, the eurozone remains vulnerable to renewed stress."

Germany has taken an active role in proceedings but now faces elections itself, the outcome of which are uncertain. This could potentially further derail European recovery.

HOW HAS THIS AFFECTED THE STOCK MARKET?
The euro crisis might stagger with little sign of resolution, but this hasn't adversely affected the stock market. Since July, European indices have rallied significantly, and those that have bought European funds such as Henderson European Special Situations and BlackRock Continental European have made investors around 30pc in the last 12 months.

This upward trend has continued in recent months – despite the problems in Cyprus. However, European markets remain volatile.

Despite Mr Soros's gloomy view, more bullish analyst say European stocks still look relatively cheap, compared to share prices seen before the euro crisis. They point out that "good quality" European companies, have global reach and well known brands so may be fairly immune to political problems on the continent.

Jacob de Tusch-Lec, manager of the Artemis Global Income Fund said he still thought it was worth investing in European shares, but warned it could be a bumpy ride. "Recent events in Cyprus show how fragile the entire edifice is." he said. Richard Lewis, head of global equities at Fidelity agreed. Although Europe has it problems "there remain some great companies which have exposure to the US and other global markets," he said. "This has helped the European equity market perform relatively well despite the political and economic backdrop."


I can copy/paste shiite from the interent too! You know everything on the internet is true! Bonjour™!