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Like most people who end up with their own blog, I have become overwhelmed with the job of managing information. I subscribe to numerous feeds and literally swim as hard as I can just to stay up to date. Many people I know have asked about where I source my news and commentary and it becomes an awkward, unwieldy experience trying to encapsulate a cogent reply. So this blog is my attempt to point people to a single place where information I follow flows. My blog list is very extensive and I have tried to whittle it down substantially. I am also on the prowl for more blogs, therefore all recommendations will be highly valued! I have daily feed straight to this site some of my favorite content. Daily review of Mish Shedlock, Nathan Martin, Jim Sinclair, GATA, and Martin Armstrong are essential IMO and will be posted here. Also, I endeavor to provide weekly Technical Analysis of Gold, Silver, US Dollar, and select markets. I hope to provide some with an exposure to technical analysis, and at the same time hone my own skills. Also, I will be adding commentary to the daily feeds from other sources. In time, this will be the primary focus of my blog as frequent visitors will channel feeds appearing here directly to their own sites and will come here for either analysis or commentary. I hope you find some utility here and it serves you well out there in the Matrix!

Wednesday, April 28, 2010

Its not a Donkey and Elephant thing!

It does not matter who occupies the White House!  This is the reality of it, we pay for the bailouts of not only our own beloved mega banks and multi-national corporations, we also bailout foreign banks and foreign countries!  Got to expand that monetary/debt bubble remember?  But hey, what the Hell do I know?  Next time you need to vote, go ahead and vote for the Republican or the Democrat and rationalize you are doing the least harm. 

It's Official- Greek Debtor In Possession Loan Now €100-125 Billion; US Contribution To Greek Bailout: At Least $7 Billion

It's Official: Greek Bailout Expanded To €100-€120 billion over three years (40 billion a year) according to Strauss-Khan, which would eliminate Greek funding needs for the next 3 years via a primed DIP funded by Europe and the US. German contribution to be no less than €25 billion. IMF role will likely be at least €25 billion if not more. At about 20% US contribution to the IMF, the US taxpayers just got hit with a $7 billion bailout fee to make sure French and German banks don't have to Mark-to-Bankruptcy their Greek exposure. This is definitely not a done deal: Germany's SPD says they will not vote for the aid, which according to preliminary rumors will make all eurozone member states subordinate creditors to the new "DIP" facility. All those buying this rally are assuming that Germans will go quietly with the new proposal even though they threw up all over the old "only" €10 billion demand. Oh, and wait until Greeks realize what the "austerity" terms of the new IMF package are. We are sure the Greek airforce will just call in sick for the rest of the century at that point.

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