Thread: Obama Launches Campaign in Empty Arena

First Official Greek Exit Polls: Pro-Bailout Parties Plunge; Anti-Bailout Radical Left, Neo-Nazis Soar http://www.zerohedge.com/news/first-official-greek-exit-polls-are-out-pasok-plunges-radical-left-neo-nazis-soar

The Banks' Nightmare Is Coming True: Greek Left Calls For Anti-Bailout Coalition | ZeroHedge <--- LINK

A Preview Of Monday Morning In Europe <--- LINK

Voters Punish New Democracy and Pasok; New Election, Euro Exit Coming Up? Best thing For Greece is Tell the Troika "Go to Hell" <--- LINK

Angry Greeks reject bailout, risk euro exit <--- LINK

Yep... Obama needs to get those moving van's ready to roll

Never thought anyone could be worse than Bush or Carter

Obama Out Bush's Bush and Makes Carter Look Like a Rock Star

“We Embittered the People to Protect the Future of the Nation" <--- LINK

Status Quo Catastrophe Is Served



Submitted by Tyler Durden on 05/07/2012 08:07 -0400


From Mark Grant, author of Out Of The Box
CATASTROPHE

"Where we're going, it's gonna get colder than Hell."
-Five Easy Pieces

For those that wanted the world to remain in a status quo position it can only be said that the European elections over the weekend were a disaster and a disaster of the first magnitude. The anti-bank, anti-wealthy, anti-fiscal pact, anti-austerity Francois Hollande is to be the new President of France. “Merkozy” is now officially dead; long live the Chancellor. The close warm and fuzzy ties between France and Germany as they cooperated to rule Europe are now a thing of the past. In a second, what was; is now all gone. Finished and all of the King’s horses and all of the King’s men can’t put it back together again.

“It wasn’t just a story was it?”
-The Adventures of Baron Munchausen

Now that France has a Socialist President the story is not over, not even close to over as the next French elections, for Parliament, will roust the nation once more into the spotlight as Ms. Le Pen and her allies assume a new role, a higher ground, and as the financial situation in France deteriorates they may get an even bigger slice of the pie than thought at present. It is not just that Europe is going to be governed in a different fashion but that France will be run differently and with more difficulties I predict than currently thought. The recession and the anger directed at Germany are rousing the spirits once thought dead; France for the French, the Netherlands for the Dutch, Greece for the Greeks and soon we may find the same dreaded tale in Germany as Nationalism rings in the death knell for European unity and for the political parties that flaunted it. It is a rolling thunder all across Europe, that much is known, and the implications of it all will be felt by the people of each separate country. The dream is fading into the reality of a different sun and daylight will mask that which was dared to be dreamed years before.

"I do wish we could chat longer, but I'm having an old friend for dinner. Bye."
-The Silence of the Lambs

The Great Game

To date it has not been played out in the streets but at the ballot boxes. In Greece the second most winning party was not part of the prior coalition at all. Both of the heads of the two major parties in Greece are now calling for either a renegotiation of the Greek bailout package or to overturn it all together. This, my friends, is a recipe for disaster in my view and one that could lead Greece to exit its obligations with whatever calamities that will accompany that move. Quite soon it will come to renegotiate or default and that puts the Germans and the IMF in an untenable position. I fear it is going to become a quite serious game of “Chicken” pitting Greece against the previously formed dictates of austerity and the EU agreement to come up with another $14 billion in new savings by June; which will not be happening. On the other side of the argument Merkel cannot be seen as backing down without a tremendous loss of credibility in her own country so the stage is set for a tragedy of the first order with either a default within the Eurozone or outside of it as Germany could end up demanding that Greece exits or Greece could preempt them and do it themselves. The Lords of Chaos have returned.

"Nobody's looking for a puppeteer in today's wintry economic climate."
-Being John Malkovich

America: The Knock-In Effects

To think that the United States will not be affected by the recession in Europe is fantasy. As the economies on the Continent worsen caused, in part, by the austerity measures then it will be both Germany and America that will suffer as the cutback in demand for both goods and services has a telling effect. Then as Germany and France march to different drummers and as Greece could default on its obligations and send shockwaves through the EU, the ECB and the IMF given the losses they would all have to take; the scenario for America being led back into recession squares. The world is also facing a wholesale downgrade of the banks by Moodys which will cause a very unlevel playing field with the banks thought safe, a small group now, being able to fund with relative ease while the rest of the banks struggle with funding and at levels that will certainly impact their earnings. I imagine that all of this will not help Mr. Obama and that Mr. Romney’s cause will be assisted by the impending economic downturn in America as we roll into the Presidential elections in November.

“Fasten your seatbelts---it’s going to be a bumpy night.”
-All about Eve


Status Quo Catastrophe Is Served | ZeroHedge

On the Ground in Paris... It Ain't Euro Positive



Submitted by Phoenix Capital Research on 05/07/2012 04:30 -0400

With so much hanging in the balance, I went to Paris, France to witness the results of the French elections first hand. I arrived Sunday morning, May 6^th, the day of the second round of the election, which pitted Socialist Francois Hollande against Angela Merkel’s right hand man, Nicolas Sarkozy.

Everything was relatively quiet until the late afternoon. But once the elections were announced, the became jammed. Literally. By the look of things, French youth are celebrating Hollande’s victory by picking up all of their friends and then driving up and down the streets honking their horns incessantly. Most cars were packed to the brim with passengers hanging out of every window and even the sunroof waving French flags, singing, or simply yelling pro-Hollande slogans.

Indeed, at times traffic intersections become gridlocked as some cars simply parked in the middle of the street so their passengers could get on top of the vehicle and hang out (a few of them even lit cigarettes like they were sitting on a terrace instead of the roof of a fiat).

The Euro has taken the news much more poorly, gapping down sharply in the overnight session to below critical support at 1.30.

Stocks… are collapsing. The S&P 500 futures have gapped down from 1,360 to 1,346 as I write this Sunday night.

This shouldn’t be a surprise to anyone. Virtually every poll showed Hollande winning the election. And how exactly is the election of a socialist who proposed the following Euro-positive…

1. Proposed raising tax rates on high-income earners from 41% to 75%.

1. Wants to lower the retirement age to 60.

1. Completely goes against the recent new EU fiscal requirements Merkel just convinced 17 EU members to agree to and has promised to try and renegotiate them to be looser.

Oh, and Greece also had an election which saw its Parliament swing in favor or anti-bailouts/ anti-austerity measures.

Remember, politics, not economics, rule Europe. What I mean by this is that most major decisions in Europe are determined by political agendas that ignore economic and financial realities.

This is at the core of the “welfare state” mentality that permeates Europe as a whole. The EU in general is comprised of an aging population that is more concerned about receiving the pensions/ health benefits/ social payouts that were promised to them by the system than anything else.

As a result of this, EU voters, who determine EU elections, don’t take action until what has promised to them comes under threat.

For this reason, EU political leaders will maintain their agendas regardless of whether said agendas go against financial or economic realities (or common sense for that matter) until these agendas begin to have real negative consequences for their political careers.

Well, we’re now at the point at which there are MASSIVE political consequences for the pro-bailout/ austerity measures political agenda. Which means… it’s only a matter of time before the EU in its current form collapses.

On that note, I fully believe the EU in its current form is in its final chapters. Whether it’s through Spain imploding or Germany ultimately pulling out of the Euro, we’ve now reached the point of no return: the problems facing the EU (Spain and Italy) are too large to be bailed out. There simply aren’t any funds or entities large enough to handle these issues.

So if you’re not already taking steps to prepare for the coming collapse, you need to do so now. I recently published a report showing investors how to prepare for this. It’s called How to Play the Collapse of the European Banking System and it explains exactly how the coming Crisis will unfold as well as which investment (both direct and backdoor) you can make to profit from it.

This report is 100% FREE. You can pick up a copy today at: http://www.gainspainscapital.com

Good Investing!

Graham Summers

PS. We also feature numerous other reports ALL devoted to helping you protect yourself, your portfolio, and your loved ones from the Second Round of the Great Crisis. Whether it’s a US Debt Default, runaway inflation, or even food shortages and bank holidays, our reports cover how to get through these situations safely and profitably.

On the Ground in Paris... It Ain't Euro Positive | ZeroHedge

Seriously REALLY SERIOUSLY what do YOU think would have happened IF a Caucasian

President had ever produced and published a You Tube Video for ALL WHITE PEOPLE to unite for a

WHITE PRESIDENT.

This is the MOST SIGNIFICANT DEMONSTRATION of INTENTIONAL

DIVISIVE RACISM by ANY PRESIDENT in the history of OUR COUNTRY.

it is DESPICABLE!

*********************************

Whose President IS HE?

THIS IS A DANGEROUS VIDEO.

Obama Announces the 2012 Launch of African

Americans for Obama this is what racism smells like. It can't be

explained away.

Can you imagine Santorum or Romney or Newt or Paul putting out a

call for all the white brothers and sisters to vote for him because

he's white and so are they?



President Obama Announces the 2012 Launch of African Americans for Obama - YouTube










President Obama Announces the 2012 Launch of African Americans for Obama - YouTube