Crises and power groups

The problem with the world is that governments are the creatures of massive power groups such as the banking system, unions of all types and colors, and - especially in Europe - also of guilds (although they are beginning to sprout also in the USA according to the WSJ).

When Lagarde - the new chief of the IMF - told the banking system they needed to recapitalize at the tune of 300 billion Euros, she was derided. How do you dare telling us what to do! they seemed to say.

Crises find the ultimate solution is the collapse of the status quo - the strategy of choice of the major power groups.

More details in my The Peter Dag Portfolio and my free educational videos on www.peterdag.com.

George Dagnino, PhD
Editor, The Peter Dag Portfolio. Since 1977
2009 Market Timer of the Year by Timer Digest

To find out more about my in depth views of the markets and my strategy just visit our website https://www.peterdag.com/ where you can subscribe to The Peter Dag Portfolio. You can also call me at 1-800-833-2782 to discuss your specific investment portfolio.

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