Well my fellow Slope-a-Dopes, I finally scored this week, driving in six runs. It was certainly about time! As you all undoubtedly know, America's national pastime has not been very kind to A-Bob this 2012 baseball season. Big league pitchers have regularly been blowing curve balls right by the notorious Gallic long ball hitter, repeatedly leaving his extended bat blowing in the wind. Even though it does feel good to get out of my endless hitless funk, I am a bit annoyed at myself for taking my shorts off too early on my way to the showers Thursday afternoon, not to mention making an egregious error by switch hitting for my last at bat, in breathless anticipation of the cuming bouncing Faceboy. Clearly should not have listen to my pimp bookie on that one.
Slope of Hope Blog Posts
Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.
The Calm before the Storm……………(Evil Plan 61.0 by BDI)
Good evening my fellow Slope-a-Dopes, trust you had an enjoyable, relaxing, peaceful Spring weekend. As for me, I have spent the last two days quietly fretting in a somber melancholic state of mind, have had great difficulty falling asleep, and simply can't seem to shake this eerie desperate disposition of mine. The way I actually feel is not easily described in words. The above 1936 photograph by Leslie Jones, best captures my current frame of mind. The ghostly still image of the Hindenburg, taken before this massive marvel met its ultimate horrific fiery fate, perfectly depicts my current mood. Only a few months later, this ginormous German blimp would burst into a harrowing hydrogen fire ball, leaving nothing but pieces of the swatchka painted tail intact on the ground. Foreshadowing what was to come, as the entire world was about to be engulfed in the soon to be ignited Nazi flames of war. With the exception of my very creative friend Timothy Leary, no one could have possibly envisioned the uber destruction that lay directly ahead…………
Let The Banks Tank!……………Evil Plan 59.0 (by BDI)
Well, my fellow Slope-a-Dopes, it appears the market Gods were with me on Friday, much to the chagrin of many of you I'm sure. We did indeed breach 1369 on the S&P index, leaving me firmly entrenched on the SOH to fight another day. You tedious momos didn't really think you could rid yourselves of this engaging macro savant so easily, did you?
La Décadence ………….Evil Plan 57.0 (by BDI)
Eurobortion……………………..Evil Memo 1.2500 (by BDI)
The Eurozone situation is getting way past critical, and intensifying day by day. It is now crystal clear to any one with half a brain, like myself, that direct bailouts to the Nation States of the periphery, and or LTRO cash injections to their faltering banks, can not, and will not solve the problem at hand. Mathematically, without additional GDP growth from the recession riddled EU countries of Italy, Spain, Greece, Portugal, Ireland, and which now include France the 2nd largest economy in the entire zone, there is near zero possibility of any of these additional funding rescue efforts to pan out.
Further bailouts are out, because they can not be paid back, and the Nations that have previously coughed up funds are themselves now running on empty, with growing difficulties of their own. Further LTRO cash infusions are not the answer either, as the funds are simply being transferred from the banksters to the Sovereigns in a circle jerk. The banks get free money, are told to buy up periphery bonds, and then pocket the unearned spread. Much like Timmay's home grown turbo TARP, the money simply never makes it into the main street economy at the ground level, which is imperative if you are interested in growth. In other words, without growth, these two rescue efforts are just like pissing in the wind, something I am intimately familiar with.
There are only two viable solutions available here. The first one is the outright dissolution of the Eurozone's monetary union, which would then free the Nation States to resolve their own fiscal affairs via a sovereign currency devaluation / increased competitiveness. The 2nd is a 10% devaluation of the Euro itself throughout the entire existing zone. This would stimulate overall competitiveness of the EU, strengthening the core lenders of the zone, while at the same time giving the periphery economies some much needed relief by stimulating their exports. Clearly, the last thing they need is to keep choking on an over valued currency, as they are beginning to cough up blood.
Option one, the dissolution of the monetary union is a logistical black whole nightmare, and will only be taken as a catastrophic last resort. That leaves only option two, a 10% devaluation of the EURO here and now. To those of you who think that the US & Chinese CB will not allow it, think again. They permitted it for Japan after the Tsunami nuke implosion, and they will do it for Europe as well, which is experiencing a near melt down of its own.
The NWO globalists know damn well that it serves no one's interest to have the largest economic block on the planet fall off the face of the earth, which is what is happening as we speak. The time for patchwork liquidity solutions is over, this is a solvency crisis, and the only answer / solution to a solvency problem is internal growth, not more external borrowing. Furthermore, the much touted panacea of "austerity" is not a viable solution either. Once again, you need growth to dig yourself out of solvency, and austerity does not provide growth, especially to european style economies with their significant & important public sector components. And besides, the people won't accept it, last night's election results in France have made that quite clear.
Buckle up Slope-a-Dopes, option #2 is en route, a 10% devaluation of the EURO directly ahead.
EUR/USD 1.2500 full speed ahead…….Evil Memo 1.2500
BDI SOH's Idiot Savant
