By looking at the gains in the stock markets over the last couple of weeks one would think that the European debt crises was resolved. I cannot believe that people are that stupid so I think financial managers are really just gambling that others will bid up the price of stocks based on the recent European agreement. In other words, the 2000 point swings that we are seeing in the stock market in the last couple of months is due to speculators that are gambling on the rise or the fall of the stock markets and not on the fundamentals of the companies that sell stock in the market or the European debt. They know there will be other crises in Europe due to the debt but they are day traders that care little about tomorrow.<\/p>\n
This should not be a big surprise to anyone because the amount of gambling that has been going on in the financial markets has been incredible. For every dollar in real wealth in the entire world there are 20 dollars in side bets called derivatives that exist so that financial managers can gamble on anything and earn a small commission on each bet (it’s not their own money that they are betting, it’s the investors).<\/p>\n
If the latest European agreement gets past the people of Greece, those that now hold Greek debt are going to lose half of the value of their holdings. If the Greek debt is spread fairly evenly and government helps some of the weaker banks that are holding Greek debt they probably can weather the storm. If the Greek debt is consecrated in certain big financial institutions they could go under and then some in the $600 trillion derivative market could fear that the derivatives these institutions hold as side bets will not be paid and that could cause panic in the whole derivative market. Once the panic starts all the money on earth might not calm those playing in the derivative casino.<\/p>\n
Nobody knows what will really happen after everyone takes a 50 percent cut in the Greek debt that they hold; nobody even knows who holds the debt. The whole insane system of over-leveraged banks could fail. The reason why Germany had to come up with hundreds of billions of dollars of additional bailout guarantees is to try to keep that panic from happening. If this agreement holds up it might actually temporarily do the trick, but a new debt crisis is inevitable sooner rather than later. Even so, this agreement is not necessary going to be accepted by the people of Greece and later the people of Germany.<\/p>\n
Those that made this deal for Greece think that they can just dictate the terms to the people of Greece but the Greek people that are forced to take pay and benefit cuts and experience more depression and more unemployment might think quite differently when they vote on it. Those that made this deal also might think that the German people will get over bailing out Greece by the next election but the German people might think differently about that. Keep in mind that Greece is the small potato that needs to be removed from the overdone national debt frying pan, the big potatoes are still there frying away.<\/p>\n
Anyone that thinks that the crisis in Europe is solved can’t see the forest for the trees. Even if this works in Greece it will not be workable in other heavily indebted European nations with larger populations and much larger economies. So at best the European leaders are just kicking the can down the road. The heavily indebted nations in Europe are either going to have to remove themselves from the Euro and fend for themselves or they will find themselves under a central government dictatorship that is dominated by Germany. Either outcome will be nothing to celebrate.<\/p>\n
It seems that the stock market becomes irrationally exuberant every time there is reason to think that the economy will not collapse tomorrow. I guess they think they can get out in time if things get bad, but most gamblers that lose tend to believe that.<\/p>\n
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If you’re keeping up with the Republican primaries you are probably aware that Herman Cain is at the top of the polls now, so it looks like someone has dropped these sexual harassment charges on him to take him down. I think it was one of the other Republicans because the Democrats probably would have waited and used their big shells once they know who the Republican nominee is. However, it is very possible that the Democrats are so afraid of Herman Cain that they want to make sure that he does not become the nominee.<\/p>\n
The amazing thing is that the Liberal mainstream press with their record of tolerating sleaze, even has the gall to make a big issue out of something that is nothing more than he\/she allegations. After all, the same people that point their finger at Cain and ask him to explain all the details of these sexual harassment allegations are the same people that agree that homosexuality and sexual promiscuity is normal. They have a double standard. They can endure Democrats that are promiscuous homosexuals, one of which is still in office even though he ran a homosexual prostitution ring from his Senate office but they cannot endure sexual harassment allegations against a Republican that occurred 12 years ago. Cain has not been convicted of anything and he will not be convicted of wrongdoing but the liberals will try to lynch him anyway.<\/p>\n
These people still idolize a former disgraced president that had sex in the Oval Office of the White House with someone other than his wife but it is not tolerable to them that any Republican candidate could even be accused of sexual harassment? Talk about hypocrites!<\/p>\n
Let’s face it, people in leadership positions attract certain women. Politicians, Pastors, Doctors, corporation heads and others in leadership cannot be alone with someone of the opposite sex today or they become targets of predators. I guess leaders cannot even be alone with the same sex anymore because a homosexual could say you licked your lips. Everyone in leadership now needs a literal open door policy or they will get sued.<\/p>\n
Also, people sometimes say things to coworkers tongue in cheek and everyone that has been in the workplace all their life knows that these things happen. Outgoing type people like Herman Cain always have to be making conversation with those under them because people like Cain generally try to make everyone feel important. They often say things to those under their supervision that they may think they want to hear. For example, one could say you are a real cute kid and if I was single I would be on you like flies on honey but that does not mean that the person was serious or that he would ever do anything inappropriate to the woman. After all, most people do know that they are married and they take their marriage vows seriously.<\/p>\n
Yes, bosses should know better (they are learning) and people in the workplace should not flirt with them but it happens more than you think. What is acceptable rules of behavior in the workplace has changed so many times in the last 40 years that no old timer can keep up with the rules. When I was young I had female supervisors that stared in my eyes like I was their dream lover and they probably even said something almost suggestive (others noticed their infatuation), but I did not take it as sexual harassment I actually took it as a compliment.<\/p>\n
There are woman out there that flirt and even throw themselves at leaders. Some get what they want but they do not get the person to give up their spouse so they get vindictive. Others do not get what they want at all so they feel scorned and become vindictive. You cannot win with these kind of women and it is just a fact of life that leaders are going to run into them. Joseph in the Bible even found that out. He did everything he could to avoid that lustful woman but he still ended up in prison for attempted rape.<\/p>\n
I think we have seen this attempt at character assassination before with Clarence Thomas, Sarah Palin and continual unfounded accusations that Rick Perry had a homosexual affair. The strange thing is that people continually fall for this rope-a-dope dirty trick by the Liberal media, but if a Conservative finds moral fault in a Liberal they are ignored by that same media. Anyone want to stack-up the life of Herman Cain against the life of the Obama?<\/strong> I think that would make for a good debate topic. As far as I know Cain did not use cocaine, sit under a racist pastor for twenty years, be mentored by communists, sit under Islamic teachers or have his autobiography ghost written by a radical left wing terrorist.<\/p>\n If Cain handles this wisely it could come out in his favor, at least people now know who Herman Cain is. Frankly, Cain is the only chance Republicans have to get a true Christian conservative pastor, non politician and non lawyer in the White House. Imagine that? Of course the mainstream media will try to crucify him.<\/p>\n ——————————————————————————————————————————————————————<\/p>\n There is some reason to believe that Israel might strike against Iran’s nuclear program very soon. Apparently there are now more people in the Israeli government that feel that it is time for a Israeli strike on Iran. The timing of a strike on Iran now, seems logical to me, although I think the U.S. should have taken care of the problem years ago. There is a report coming out from the U.N. on Iran’s nuclear program in one week. I do not think anything will be done before that report goes public, but the report could give Israel enough cover to be able to justify their actions.<\/p>\n Israel is running out of time because when winter sets in the cloud cover will make it about impossible for them to get this done. So if Israel is going to hit Iran any time soon it probably will happen in the next 6 weeks. After winter the U.S. will be in the middle of a national election so I don’t think Israel would do anything during that period. Therefore, if Israel does not hit Iran in the next 6 weeks it probably will not happen for a year or more and that might make it too late to keep Iran from acquiring nuclear weapons.<\/p>\n I know some are saying that it will take another two years for Iran to develop a nuclear bomb but I would not bet Israel’s own nuclear reactor on that presumption. Israel has better intelligence about Iran than we do. Of course, if Israel hits Iran they will also have to clean up the Iranian armed terrorist groups around them as well. With the unrest in Syria and the rest of the Arab world it would be very difficult for any Arab nations to war against Israel. Besides that, the Arabs also want the Iranian nuclear threat taken out as much as Israel<\/p>\n So this might be the open window that Israel has been looking for. Syria could stay out because of their own problems or they could launch their chemical and biological rockets against Israel. However, if they did that Assad would be committing suicide and I am sure he is aware of that. I am inclined to think that Assad will stay out of any war with Israel until the Arab league can get their act together sometime in the future after the Arab spring plays out. Iran is not in the prophetic war of Psalm 83 when the Arabs come against Israel to cut her off from being a nation, so it seems to me that Iran is temporally taken out of the picture until the time of the Ezekiel 38-39 war of that Bible prophecy.<\/p>\n In fact, there is good chance that the hit will be so quick and clean that Iran will just call the attack a complete failure and do nothing at all. The strike just might silently set back Iran’s nuclear program for a decade. It is also possible that the Iranians at about the same time might revolt against the Mullahs and form a new government and temporarily give up their nuclear weapons program. So a strike by Israel right now while most of the Arabs are in turmoil and hating Shiite Iran seems to be a logical course of action. The U.S. might stay out of it unless or until they are attacked by Iran, but if U.S. forces are attacked by Iran America will then finish the destruction of the Iranian nuclear program and Obama will get a big bump in the polls because of it.<\/p>\n I also do not think it was just a coincidence that Israel tested an upgraded version of its Jericho III missile today. This missile is a true ICBM mobile missile that is capable of delivering a hydrogen bomb anywhere on earth. It probably was a message to influence Iran’s thoughts about any retaliation on Israel if Israel does a limited conventional strike to set back Iran’s nuclear program. It also could be a message to those in the world who might think that they will come to Iran’s aid or think Israel can be defeated by some U.N. action without incurring great destruction to any nations so involved.<\/p>\n","protected":false},"excerpt":{"rendered":" By looking at the gains in the stock markets over the last couple of weeks one would think that the European debt crises was resolved. 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