Happy 75th birthday, Ringo Starr!

Ringo Starr At 75Ringo Starr in 2014. You age well, sir.

“Who are the Beatles?”

That from most every kid these days.  “What’s an LP?  You listened to music on a cassette?  I think I saw a CD once.”

Ringo Starr — true name Richard Starkey — was born 75 years ago on July 7th of 1940 in Liverpool, England, the proverbial WWII baby.

When people think about drummers, they seldom think of Ringo Starr any more.  Yet, Ringo is heralded by the drumming community because of his simplicity, his innate sense of true rhythm, and his consistence.  Listen to Ringo with George Harrison in, It Don’t Come Easy.

Happy birthday, Ringo Starr.

BZ

 

Consider this, Greece

Greece and EuroWith a caveat for the United States as well.

Now that your citizens, at the urging of its president, have decided to vote NO to “austerity” meaning: no, we don’t wish to take any fiscal hardship placed upon us by those to whom we owe money, what can possibly be in Greece’s future?

Let us also not forget about another large country in fiscal trouble — again — Argentina.

Argentine President Cristina Kirchner, whose country defaulted on a mountain of debt more than a decade ago, called the vote a victory.

“Greece: decisive victory for democracy and dignity,” she wrote on Facebook Sunday, expressing Argentina’s “solidarity with the brave Greek people and their government.”

In 2001 Argentina, you may recall, defaulted on over $100 billion dollars in debt.

Another South American country weighed in on Greece.

Meanwhile, Evo Morales, Bolivia’s leftist president, congratulated Greece on Sunday, calling the referendum a defeat against “European imperialism.”

Morales, a harsh critic of free-market economies, said the referendum was “the beginning of the liberation of the European people.”

It is that so-called “European imperialism” that happens to fund the largesse of Greece to its citizens, one should remember.

A small thing that Greece and other countries should consider:

Who will ever makes loans to you again if your common response is but to default on them?

BZ

P.S.

For an explanation of Greece’s fiscal crisis, go here.

US stock market took a hit, but not bad, and gained some back:

Equity markets around the world fell on Monday and U.S. oil prices tumbled 7 percent after Greece overwhelmingly voted against conditions for a rescue package and following unprecedented measures in China to staunch recent massive losses in its stock markets.

Wall Street shares fell less than some had feared. The International Monetary Fund reassured investors by saying it was ready to help Greece if asked to do so. European shares fell around 2 percent, a relatively muted reaction to the Greek vote.

 

 

Greece votes: no more “austerity”

Greeks Vote NOThe Greeks have voted.  The answer was a resounding “no.”  They have had enough of having enough.

From AP.org:

Greeks reject demands for more austerity in key referendum

ATHENS, Greece (AP) — Greeks overwhelmingly rejected creditors’ demands for more austerity in return for rescue loans in a critical referendum Sunday, backing Prime Minister Alexis Tsipras, who insisted the vote would give him a stronger hand to reach a better deal.

Tsipras gambled the future of his 5-month-old left-wing government on the vote. The opposition accused him of jeopardizing the country’s membership in the 19-nation club that uses the euro and said a “yes” vote was about keeping the common currency.

A number of European politicians, including Jeroen Dijsselbloem, the top eurozone official, have said a “no” vote would jeopardize Greece’s place in the 19-nation eurozone. Investors are also likely to believe a “no” win increases the chance of a so-called “Grexit,” where Greece returns to its own old currency.

This has also had a massive rippling effect on Greece, as residents raid store shelves for food and medicines and citizens are hoarding cash because banks have been closed for a week  People are limited to a daily cash withdrawal from ATMs of 60 euros (65$) per day.

There has also been street violence in Athens.

How will this affect the US stock market?

We’ll know tomorrow morning.

I don’t suspect it will be pleasant.

BZ

 

July 4th, 2015

Americans are quite incredibly stupid.  Watch this, if you dare.

In some ways I am left speechless; in others, I expected it.

But allow me to make a point, if I may.

These are the same people who vote.  They vote for Obama.  They vote for Demorats.  They vote in local, state and national elections.  These are the people in whose hands is, essentially, your liberty and freedom.

And they are voting away liberty and freedom.  Your liberty and freedom.

The are the ignorant Free Cheesers.  They will continue to “vote themselves largesse” with no thought whatsoever to the source of that largesse.  Many of them believe money simply stems from the US government.  It gushes forth in bounteous floods and washes.

People with actual knowledge and education know this is incorrect.  And they know a philosophy and mindset like those persons in the video and those persons who voted for Obama and Demorats is — as Leftists like to say — unsustainable.

It all will lead to a crash, if you will.  For America, it will be a rather ugly, abrupt, unhealthy crash.

Watch Greece.  That is America’s future if it keeps on its current path.

In the meantime, please enjoy at least one beautiful thing from this post, the Star Spangled Banner as sung by John Elefante, former lead singer for the group Kansas.

God bless America, the last and best hope of the entire planet, land of the free and home of the brave.

God bless those at work today — the American soldier who protects us around the world, and the American law enforcement officer who patrols our streets and neighborhoods — while we celebrate with friends and family.

Please say a prayer for them and keep them safe.

BZ