Economic News in March 2011

Portugal's budget deficit misses targets, increasing bailout fears www.telegraph.co.uk
Portugal had a budget deficit of 8.6pc of GDP last year, exceeding the government's target of 7.3pc and putting more pressure on the country to seek a bail-out.http://www.telegraph.co.uk/finance/econ ... fears.html

German, French and Dutch will need to pay very soon again. Also for Ireland, they need EUR 24 billion for their banks. Portugal is now a matter of time, the interest they need to pay on their debt is exploding...they're delaying EU help, but it's too late for them.Portugal is small, Greece and Ireland, but if Spain is going,that's a different story or...Italy or France, ther's is been spoken about that.

-Flying Dutch

Dutch business news reported that US home sales plunged to lowest level ever recorded in 40 years.

New Home Sales Plunge to Record Low in Februaryhttp://www.cnbc.com/id/42229611

It's the unwining of mortgage-backed securities, worth tens of trillions, the real problem. Not too high mortgages etc, but the ponzi-scheme of multiplying mortgages 50 times or so of the original value by speculation. Nice aslong it goes u...p, but when it comes donw there's nothing to stop it, no austerity measures can stop the unwinding of derivatives tens of times GDP, even fi you cut all of government away,t eh unwining will continue as there's no way to cover those losses, that's the real crisis and why so muhc money is created to cover it up and now they squeeze a few percentages economic growth out of it, with a wrong method of calculating growth anyway, but without that you are back to a depression with minus 1% growth rates or so and this cannot continue forever. But some of the bigger countries are saving themselves to point towards a few weaker countries and target them to buy time for themselves. Onhe way out is maybe war, especially for the Anglo Saxons to prop up the Dollar as when the oil price goes up it fuels the Dollar which actually is loosing ground naturally. And the Us Dollar is a petro-Dollar based currency, deal of Kissinger with Saoudi's. So turmoil or war in the Mideast and N-Africa is actually godo for tWashington and the Fed overal to save more time for the Dollar, just like speculative attacks on weaker small countries of the eurozone is buying time for the Dollar and Pound , distracting. If oil goes up 10%, the Fed is able to do more money creation without additional inflation,the inflation is thene xported to the rest of the World, this is what you see in Northern Africa, the Mideast and East Asia. So Washington is busy to export the side effects of their own currency devaluations to others and so able to keep floating while other countries in better shape actually are driven tot he edge earlier than some of those that actually are in deeper troubles, but have more financial tricks. Washington is able to buy time with this Dollar as World currency and petro-Dollar.

Germany is aware of this and therefore the first to try to ban certain forms of speculation as they are at the end of the line if the others are collapsing, France and the Netherlands too. But it seems that France is seeking the other way........war and joining the Anglo-Saxon camp and Mr Sarkozy is a close friend of Edouard de Rotschild of the same banking and military industrial compex the Anglo-Saxon and Netherlands is built on. Germany is actually part of it too as it all began once in Frankfurt, but Germany is been a threath for British imperial hegemony many times ( too big powerfull industries and manufacturing and scientific developments, too good labor ethics to basicaly surpass all the other big countries) and it seems that Germany and the Anglo-Saxon bloc, London and Wallstreet are seeing more and more rifts.

not unwining...haha..but unwinding....just ignore my typos please!!

-Flying Dutch