The IMF and the ECB are appearantly in some sort of a political struggle to determine who is the future banker (and lord) of struggling nations. So, the head of the IMF Straus-Kahn found himself without “impunity” and was arrested.Â The youth of Spain have decided that they will be the next pawns in the hands of the neo-comm’s and have gathered in the Puerta del Sol central square in Madrid.Â Norway decided to take a shot across Germany-directed ECB’s bow and withdrew their aid for Greece stating that they would not resume aidÂ until Greece started doing what they agreed to do:Â increase the jobless rate (reduce government payrolls and more).Â Fitch jumped on the bandwagon and downgraded Greece a whopping three notches.Â The EURUSD pair took a nice tumble closing the week below the important 1.4200 level.Â With all of this in the background of the upcoming week, these are the stories that I am reading this weekend to get a fundamental feel for the upcoming week.
Drawing power of the dollar ÃŸ may require free subscription
Tens of Thousands in Spain Defy Protest Ban ÃŸIf these libs are pushing the story, you know whoâ€™s behind it â€“ neo-comms.
Â Oh, almost forgot, this could very well be the last post of mine you read.Â For those of you that have had your head so deep into the charts that you didn’t notice, the end of the world begins today at 6PM Pacific Standard Time.Â If it does we’ll see you on the other side.Â Well, I guess that depends on whether you go to heaven or hell.Â I’ll let you figure out where we may see each other.Â Otherwise I’ll see you in the LONY session.