The freefalling Euro - soon at a theater near you

* Another day - another Euro rescue package
They all follow the same pattern, and essentially boil down to the following;
- We dont have any money.
- We dont understand how the market works.
- We do believe politics can solve massive economic imbalances.
- We do believe more debt and increasing leverage is a real solution.

This is the current Brussel politruk behaviour and it is not likely to change as panic sets in and these basic behavioral patterns are set on autopilot.

The Greece population is to have a referendum on the latest hard fiscal measures, and there is a real risk of this putting an end to the Greece Eur adventure.

I find it very difficult for any politician and any rescue package to stop momentum from developing further from here. Economic deleveraging is about to get in motion.

Hold on to your job and your cashflow best you can. Consolidate your assets. Try to capitalise on the developments - if you dare. It will be a rough ride. Try to take advantage of the possibilities that will open up.

Be long USD.

As usual -good luck




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