Gorilla’s on the road, won’t be blogging much before next week!
Archive for November, 2011
Unless the ECB issues a clear statement: “We will be the lender of last resort and establish a floor for the pricing of sovereign debt. We will provide unlimited resources in pursuit of these objectives”.
Without this statement, the euro will be history by next week.
It is long past time for liars like Merkel and Sarkozy to get serious.
Their total failure to lead is threatening to destroy the world economy.
The alternative to the idiocy of Merkel and Sarkozy is watching all Euroland banks fail, accompanied by a global economic meltdown greater than the one that occurred in 2008.
Euroland will be cut off by the credit markets unless decisive action is taken.
Gorilla says: “Action this day or at the latest by Sunday!”
Mississippi and Ohio show the way: hating women and busting unions has no political future!
Alas, efforts to suppress voting remain the cornerstone of Know Nothing dreamers, until and unless the Justice Department gets off its ass and starts defending the Voting Rights Act!
Gorilla says: “Negating the negation of hateful assholes is small beer indeed, what we need is democracy!”
And it’s do or die now for Euroland, the Germans can’t keep ignoring reality…
The “crisis” could be over in 5 minutes, with a statement from the ECB backing sovereign debt and a price floor.
Gorilla says: “Merkel is getting her vicious circle!”
Gorilla says: “Build a settlement, wreck an economy, it’s all in the game!”
France: less growth, more austerity, less growth, more austerity!
Truly, the idiocy of the world’s current leaders is breathtaking.
What should be happening in Euroland is large scale stimulus, higher inflation targets, price floors on sovereign debt, and the ECB as lender of last resort.
What’s actually happening is a vicious, self-inflicted downward spiral that will cause further social upheaval in every country without exception.
Gorilla says: “It’s hard to set the bar any lower, but these clowns keep trying!”