I don't believe in the US bailout plans; I never did. I also don't believe in the idea of a Belgian Bad bank, luckily I'm not the only one. I'm also extremely sceptical on the Obama optimism. The has an impressive discours, admitted but he's no undesrtanding the very fundamentals of the issue: the US empire as it exists today can no longer be supported at the same pace. The US will invest $13,165.49 for every man, woman, child and incarcerated felon in America hoping that one day, that amount will be won back, with a profit (well; at least with the cost of capital of that amount).
Yesterday US congressman Ron Paul was on MSNBC. He explained fiercely why he opposes the current plan of economic intervention. Watch the video below, his points are extremely hard to argue with. At the same time Belgian newspaper De Tijd publishes that the Euro would be 27% overvaluated today against the dollar, based on... The Mc Donald hamburger index. Personally I prefer betting on the dollar being overvaluated today. Let's see how things turned out by end 2010.
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