Dow Jones Collapse Is Predictable and Continuing

We have been inundated with calls from colleagues asking us if we were aware of the Dow Jones Collapse by over 600 points today.

Frankly it does not take a genius to predict it.

As soon as the "debt ceiling" was raised, enabling the Federal Reserve to Print even more fiat money to bail out (short term) Obamas disasterous management of the US economy, we predicted a massive fall on Wall Street and a continuing downward spiral of the value of the dollar.

To be fair, the rot set in with Clinton, worsened by Bush and continued further by Obama.

The knock on effect will damage Europe too - putting pressure on the Euro - and those Countries like Greece which should never have been allowed to enter the Euro in the first place.

Not to worry though, Cameron will soon be back from his 3rd Holiday this year and all will be well. Mmmmm perhaps not.

Is the EU Single Currency Truth now being told?

“Nobody ever told the proverbial man in the street that sharing a single currency was not just about making peoples' lives easier when doing business or travelling abroad, but also about being directly affected by economic developments in the neighbouring countries.”

“Today, people are discovering what a 'common destiny' in monetary matters means. They are discovering that the euro affects their pensions, savings, and jobs, their very daily life. It hurts."

EU President Herman Van Rompuy

So, the people of Europe are now beginning to be told the truth. A single currency will affect peoples lives far wider than just the exchange rate benefit that was originally proffered.

Those of us who study these things knew it was a disaster waiting to happen.

Lets see these events unfold.

New Political Party Being Considered - Rumour or Fact?

It's very unlike us to quote rumour, but a number of sources are suggesting that a contingent of the British Democracy Forum members are considering setting up their own political party in view of the alledged apparent failure of UKIP to achieve its goals.

We were all aware of the 'Grass Roots' and 'Phoenix' attempts at creating a 'counter leadership group' from within the UKIP structure, but this seems to be very different. With the departure of Geoffrey Kingscott (former UKIP General Secretary)we all assumed this was an end to the infraction. However this appears not to be so.

This is only 'rumour' at present, as we understand that no formal meetings have been held. Despite this, we are aware that many members, and active 'ex-members' of UKIP, are very unhappy with the more 'extreme' and increasingly 'dictatorial' methods adopted by Nigel Farage and his 'inner circle'. Many are suggesting that he is 'deliberately destroying the anti-EU cause' for preferment in another 'Political Grouping' to be announced after the Euro Elections.

With UKIP already under fire from the Electoral Commission, Legal Actions pending, appalling election results of late, a new 'alternative Party' will just be another nail in the coffin for this potentially once 'Great Political Party movement'.