Oh, those Europeans

Steven Hayward nails it, so I'll just quote him:

Today’s comedy segment comes courtesy of the madcaps at the European Union. Picking on the Europeans has become cliché, especially when they hand you such lame material, like the EU-produced video below that is supposed to convey . . . what, exactly?  Moviegoers may think it a slightly wacky homage to Tarantino’s Kill Bill, showing that Europeans are so much more civilized because they’d sit down and charm their opponents rather than slice them up.

But the real punch line is that the European Union has withdrawn the video because it is—wait for it—racist!  As Denis Boyles comments over on NRO’s Corner, “And for all we know, this isn’t a propaganda film so much as a security breach: It clearly reveals the E.U.’s defense strategy, which is based on stern disapproval.”

So let me get this straight....the EU, which is having problems with its current fringe members, makes a video about how we get better when we get bigger.  And we can all come together by just....well, whatever.

But the use of "non-European" characters is now "racist".  How fitting for the drones in Brussels.

Is this a portent?

More downgrades for European sovereign debt.  Shorting the Euro looks better and better every day.

The joys of dash-cam

Sometimes you need proof that you are being scammed.


She stops, then backs up on the street, finally coming out of the car in indignation. All that's missing is grabbing the neck and crying "Whiplash".

Go back and you'll see that the man walks out of the BMW with a briefcase in hand.  Why, after a traffic incident, do you grab your briefcase?  Maybe he had a tape recorder in there....or legal forms....or whatever.

I love how the driver of the rear car points to the dash-cam, and how the perps slink away.  With any luck, the cops traced the license plate and nailed them.

What was that definition of insanity??

You know....the one about doing the same thing over and over again but expecting a different result.

This concluding paragraph from a story about Greek sovereign debt brought it back to mind.  It quotes Edward Parker, Managing Director for ratings agency Fitch's Sovereign and Supranational Group in Europe, the Middle East and Africa.

"(Disorderly default), would be, for us, the really damaging situation, but one which we are certainly not expecting to happen because, clearly, in a rational situation you would think Greek politicians and European policy makers would ensure that it doesn't happen." 

Of course, Greek politicians and European policy makers haven't acted rationally in past debt situations, including the most recent package of bailouts.  So, why should we expect them to do so now?

Hope you're shorting the Euro.  That would be my forex currency play.  The only question is, how long will Germany, and the German people allow themselves to be dragged down by the wasteful actions of other countries?

Full story can be found HERE.