Kansas City plebs are outside killing brain cells right now . . . Meanwhile, the start of another devastating recession could be on the way according to Kansas City money men.
To wit . . .
KANSAS CITY FINANCIAL INSIDERS ARE BRACING FOR ECONOMIC PANIC THANKS TO A FRIGHTENING BANK LEVY IN CYPRUS THAT COULD HAVE GLOBAL IMPLICATIONS!!!
Seriously, the fact that this talk is stirring up a bit of ruckus among some cowtown economic insiders is kinda scary and should make us all realize that it's a small world after all.
Kansas City is the financial center for the Midwest so it makes sense that locals would be worried about this news before anybody else . . . Don't expect to see it in The Star until after it happens and Dead Tree Media declares a premature recovery like they have with every recession in the last decade.
Some recent headlines for background . . .
Wall Street Journal: Euro Zone Moving Into Twilight Zone
Bloomberg: Europe Braces for Fresh Turmoil With Cyprus Deposit Levy
Huff Post: Cyprus Bank Levy Shakes Europeans' Faith In Savings
WaPo: Cyprus president says he hopes to amend bailout plan, but urges legislators to approve it
A bit of hope from Reuters: Cyprus works on last-minute deal to soften bank levy
If it's hard to understand the scandal, in layman's terms, here's my best attempt to explain it: Cypress is broke and busted and now their government has resorted to
What does it mean?
The scary actions of this rinky dink country kind of confirms the theory for a great many people that governments can't be trusted . . . Also, unless somebody brings a bit of sanity to the table VERY SOON . . . Insiders (even some in Kansas City) are worried that it could start a panic and a bank run that might register all the down to the few nickels and dimes locals keep at their glorified shopping mall piggy bank.
We'll see . . . But in the meantime, it's worth nothing that this is one of many reasons that serious people in Kansas City aren't celebrating St. Paddy's Day with all the drunken and maybe broke d-bags in Westport. But we'll have more on that later . . .
DEVELOPING . . .
Mattress hiding time?
ReplyDeleteFinancial advice from Tony.
ReplyDeleteWhat's next? The Pope seeks celibacy tips from Craig Glazer?
Yes Glazer will be along in a few hours telling all us losers how we need to be investing our money to protect ourselves.
ReplyDeleteThen harley will come along telling us how much richer all this will make him.
Totally lost on the nimrods who read this blog Tony but I get your point. The dozen or so people with money who read this blog appreciate it. The rest of the folks around here are just worried about their. Paying their measly mortgage.
ReplyDeleteAll of the players and deregulation that created 2008 are still in place. It is all set up to happpen again. If only I was dictator. Blankfein would have been hung from a tree at high noon in Central Park and everybody else would have fell in line.
ReplyDeleteHere is an article from George Will concerning breaking up the big banks.
ReplyDeleteKeep in mind, George Will is a hard core right wing Republican with some Pat Buchanan overtones on occasion.
http://www.washingtonpost.com/opinions/george-will-break-up-the-big-banks/2013/02/08/2379498a-714e-11e2-8b8d-e0b59a1b8e2a_story.html
Time to put the fuckin paddles on Andrew Jackson and have him kill the fuckin dragon again.
7:18 is dead on the fuckin money.
Lloyd Blanfein should have been shot then hung.
Just look at it as another tax on the rich. Rich being anyone with a bank account.
ReplyDeleteTrue dat.
ReplyDeleteA "finance" guy that provides tips to Tony...
ReplyDeleteThis is why I keep all my money in pesos like Tony.
ReplyDeleteNobody wants them.
Bwahahahahahahaaha!
If I had money in the bank in any euro zone country with the exception of Germany, I'd be looking to get out of the way. Will this move to the US? I wouldn't put it past this president to pull the same stunt.
ReplyDelete7:24: That's "hanged." If he's not hung (and he's probably not), shooting won't help.
ReplyDelete