Posted on 06/20/2015 4:24:10 AM PDT by fella
Here is what you need to know now as Greece enters a pivotal week in its testy relationship with the Eurozone:
1. Greeces most immediate as in first thing Monday morning source of danger is its banking system. To compensate for accelerated deposit flight, the European Central Bank injected additional emergency funding on Friday to allow the banks to open on Monday. With a lot more needed, the ECB will grow more hesitant to pump in new money unless the Greek government secures an agreement with its European partners and the institutions through which they operate (the European Commission, the ECB and the International Monetary Fund).
(Excerpt) Read more at businessinsider.com ...
This article was written by one of the muslim invaders so that must be taken into consideration.
Or. “Eventually you run out of other people’s money.”
When you do, you either pay the piper or go take somebody else’s money by force. Which isn’t really an option for the Greeks.
This article was written by one of the muslim invaders so that must be taken into consideration.
This isn't on the US media, seems kind of strange that every time there is news of the coming collapse of the financial system we have a kid, high on prescribed mind altering drugs, killing a bunch of people.
With a lot more needed, the ECB will grow more hesitant to pump in new money unless the Greek government secures an agreement with ........
But I predict that won’t happen. Everyone is terrified of the consequences of any country leaving the Eurozone. So the charade (bailouts) will continue.
Per capita debt places Greece at #12 in the global scorecard. The US is # 3 thanks to Obama and the GOPe.
http://www.bloomberg.com/visual-data/best-and-worst/most-government-debt-per-person-countries
My best guess is the EU will cave. They are, after all, just cheese-eating surrender monkeys in the end.
Mohammed El-Erian is from the Muslim faith (whether or not he is one is a different question), and he is also a liberal (at the very least closely associated with Obama). However, he is also someone who is taken VERY seriously in investment circles, and his views on a matter are considered important. Not only was he heading PIMCO (which had a couple trillion - that's a T - dollars of assets under management), but he has headed Harvard's endowment program, and been a top dog at both Citi and the IMF.
My point is that his views are not careless mutterings in the dark.
With that said, Greece is in terrible trouble, and lots of people will lose money in the next 48 hours (and lots of people will make money too ...I have a play that I hope will put me in the latter group).
Still have a few drachmas from a visit to Greece years ago.
Is it possible that if Greece says "no thanks", refuses to pay back the loans that are slavery and leaves the EU that the money that's stashed away could be used to reignite the economy?
The only people benefitting from globalism are the globalists. They're impoverishing everyone else, except for the pols they buy off.
A muslim invader?
Really?
You need to do some homework.
“This isn’t on the US media”
True, reminds me of an article last year showing Time magazine covers in the USA vs the rest of the world
As to Greece, I’m sure they’ll find a last minute reprieve, but eventually their going to make a mistake with keeping juggling balls in the air, if Europe does get spooked with the banks, things might tip, but the big money should already be accounted for, they’ve had years to see it coming,
I remember back in the early eighties when Greece was allowed to enter the EU, many knew at that time they should not have been allowed in,
El-Arian quit PIMCO a year or two back to spend more time with is daughter I believe,
Greece has repeatedly refused the austerity package that would be required to get them back on their feet. They are not going to do it. Greece is the first country that will leave the EU. They will go back on the Drachma and it will take them 10-15 years to make any meaningful recovery. The EU is going to break up its just a matter of what moment in time or more likely a slow unraveling as the weakest countries exit one at a time.
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