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I have been saying that you will be getting a new Global currency in the next year or so - It is going to happen pretty soon. Today Italy announced that it "Would Not Be The Next Victim" which as we all know means that "We are about to be the next victim" Portugal, Ireland and Greece were forced to seek emergency rescues after investors had to insist that they pay interest rates not much greater than what they're demanding of Italy now  - Baton down the hatches on this one.  Italy is "Too Big To Fail" and there isn't enough cash in the piggy bank to save it.  Problem - All of the Euro Currency just failed - Reaction - We have no money, we are f*cked  - Solution - Single Global Currency that encompasses the BRIC and ASEAN markets - That is the basket. 

On a more positive note and rather than thinking about the pending doom as the Euro rapidly flushes down the pooper here is a story about Monkeys that work in a Japanese restaurant. Watch them on the Beeb!  Yatchan and Fukuchan serve customers hot towels and drinks, and are given soya beans as tips.

Also on a more positive note - Apart from sitting in the park playing pan pipes and passing around the small bongos to complain about the fucked up financial situation over 600,000 people in the USA have moved accounts away from the big banks that have been taking them to the cleaners. "The Move Your Money project is a nonprofit campaign that encourages individuals and institutions to divest from the nation's largest Wall Street banks and move to local financial institutions" - At last something is actually being done - http://moveyourmoneyproject.org and if more people actually do it it will make them less inclined to piss all of your hard cash up the wall on a derivatives hedged booze up where lets face it no one really has a clue what they are doing. 

Don't believe me? Credit specialists at Citi are considering launching the first derivatives intended to pay out in the event of a financial crisis - Wonder where all of the cash for paying out will come from then? Good god I am living in a nut house and despite my madness I am one of the few who are sane. 

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