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Greece's Savior

Ok Investors!.. let's see what the billions of blue blistering barnacles is going on with Greece and how they are going to get out of the mess and drive our markets to a continuation of the bull market... some might remember my article on Dubai alerting investors that it was a non-event.

http://www.bostonwealth.net/2009/12/14/dubai-musings-told-you-so/

...so wtf do I know that perhaps the average investor does not know about Greece and their plans?.. well if it helps, I am half Greek.. ok but the meat of the matter is as follows..

Greece, followed by France and the United Kingdom has been on the forefront of supporting the Arab countries in helping seek independence and a resolution of the Israeli-Palestinian conflict....so yes in return for Greece's support, they are going to get one hell of a bailout from yours truly the Saudis, Qataris, and others....

2nd unbeknownst to many is that in the next few month there is going to be a huge conference in Athens; the 3rd Arab-Greek Economic Forum.. now how the heck is that going to take place if Greece is broke...the motto of the conference is "Fostering business alliances to tap emerging opportunities"

Well what the heck is going to be achieved in the conference if Greece is broke and dysfunctional.

Chancellor Merkel in Kuwait3rd further news that never grapped any world headlines is the fact that the Kuwaiti Emir Sheikh Sabah Al-Ahmad Al-Sabah met with Chancellor Angela Merkel and German businessmen on April 28. He is on a whirlwind European tour that ostensibly will concentrate on developing closer relations with Germany and the Vatican. The Vatican.. wow! .. that's really news for me.. Kuwait is still probably one of the most intolerant countries when it comes to respecting other religions...to wit.. growing up in Kuwait in the 80s.. yes a policeman yanked a cross off my neck in public and sternly warned me that such display is "haram" or forbiden; the real truth of his visit is anything other than Merkel getting on her knees and pleading with Sabah to dole out billions to Greece. The official word is "During his meeting with Chancellor Merkel he is reported to have discussed "a host of bilateral relations that would cement partnership between Kuwait and Berlin" Bullshit! The whole purpose of the meeting is nothing more than a cry for help from the Germans to the uber rich Kuwaitis!

And just how rich are the Kuwaitis and the rest of the Gulf Cooperation Council Countries and Libya. They make up almost 50% of the top 11 SovereignWealth Funds in the world!

Amazing... just amazing... and this is after they took a beating in the market crash of 2009.

Largest Sovereign Wealth Funds by Assets Under Management

An astute reader commented that: "Kuwaitis are already bailing out Greece by 'accepting' to sell a very necessary commodity (oil) against debt, with the obvious prospect of never been able to recover what they are selling right now."

I tell you what is going to happen.. either Kuwait, Saudi Arabia, Qatar, Abu Dhabi (who is so flush with money they do not know what to do with it.. and their sovereign fund is busy buying up first class hotels.. to wit...

"Raffles Hotel sold to Qatari Diar for $275 Million

According to The Times, "The historic Raffles Hotel in Singapore, famed for its colonial grandeur and the Singapore Sling cocktail, is to change hands in a deal worth $275 million (£180 million). The luxury 103-room hotel, a favorite watering hole of literary figures including Somerset Maugham and Rudyard Kipling, looks set to be acquired from Fairmont Raffles Hotels International by Qatari Diar, part of the state-controlled sovereign wealth fund, the Qatar Investment Authority"

..anyway continuing....either Kuwait, Saudi Arabia, Qatar, or Abu Dhabi or perhaps in unity as part of the GCC (Gulf Cooperation Council), is going to steal the world stage limelight by offering one heck of a massive loan guarantee to Greece... just in time for the 3rd annual Arab-Greek economic forum to flow smoothly..

..also let's not forget that today, May 1, is May Day or International Workers' Day, commemorates the historic struggle of working people throughout the world, and is recognized in every country except the United States, Canada, and South Africa.

My 2 cents!

 

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