Monday, April 15, 2013

BloggeRhythms 4/15/2013

By now, I’m sure you don’t need me to tell you that commodity markets are plunging everywhere on the globe. Panic’s set in and that’s likely because, although you can find “expert” opinions all over the place, nobody really has a handle on the cause for the plummeting prices. Gold, the safety standard for investors dropped to a 30 year low. 
 
Most interesting to me is that there seems to be some real agreement that China’s economy may have peaked, many also believing that Cyprus will wind up falling short of reaching the investment guarantee floor needed to support its loans from the EU.
 
There’s also the thought that Cyprus may sell off gold to meet the required loan guarantee, which some perceive as a move toward flooding the market.
 
I find this all noteworthy because it typifies some very big flaws in the efforts toward economic globalization, where nations and businesses invest enormous sums in locations they really know nothing about, likely will never learn very much either, due to vast cultural differences, and have little to no recourse when things turn for the worse in foreign lands.
 
Add to that the incumbent’s desires to have our nation look more like Europe, where most economies have more holes than Swiss cheese, and it becomes clearer as to why all we do lately is pile up insurmountable debt and have no clear path of any kind to recovery, growth or financial stability. All of which seems the probable cause of the following:
 
According to a new survey by Pew Research Center: “Overall, 63% [polled] say they have a favorable opinion of their local government, virtually unchanged over recent years. And 57% express a favorable view of their state government – a five-point uptick from last year. By contrast, just 28% rate the federal government in Washington favorably. That is down five points from a year ago and the lowest percentage ever in a Pew Research Center poll.
 
So, it seems that folks are now seeing the light at the end of the tunnel and finally realizing that it really is another train. Because there’s just about nothing this administration does that helps anyone economically other than the locations where the First Family goes on it’s frequent trips, a huge portion of which are paid for by those very same taxpayers who are getting ripped off tax-wise everywhere they look.
 
Thus, when you combine the administration’s ineptitude here at home with the increasingly dismal international news overseas, realizing that the incumbent has a seemingly insatiable need to travel, I have to wonder where on the globe he can go and feel welcome at all.
 
So, perhaps this’ll be the first First Family to visit the International Space Station and like astronaut Allan Shepard did on the moon, maybe the incumbent can hit a golf ball miles and miles and miles and make believe he finally did something to be proud of.
 
That’s it for today folks.
 
Adios

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