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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: koan who wrote (111933)	5/23/2010 2:42:37 PM
From: maxncompany	5 Recommendations Respond to of 116555

"Why are we just now learning about the problems with the euro/Greece?" The MO is to not do anything until they absolutely have to. At that point, seemingly the only solution is........yep, a bailout. This is no accident, this is by intent. Look at Hank Paulson. The market manipulation, the knowing well in advance what they were going to do, keeping it secret and then pretending months later it was a sudden surprise, lying to Congress even then. Politicians are bought, and those not bought are coersed through various means into bailing out the banks. Witness the threat of martial law. Look at the re-affirmation of Bernanke. Congress threatened that they would take down the market hugely if they voted against BB. Look at the 1,000 point drop weeks ago in mere minutes (we're "mystified". Yeah, right). Congress immediately backed off the items on financial reform that the banks didn't want. So we don't get reform, only a "pretend" reform. In Greece, similar MO. Portugal, Spain and Ireland are coming candidates, also. This can be seen a long ways off. But by waiting until the last moment and by using coersion, banks get what they want. And people get screwed. There's no mystery. And it ain't no accident.