I am currently watching CNBC world news on Verzion FIOS channel 106
Going be very interesting Monday morning
I got my single stocks out of the market I fear this is the trigger that will be the big one I also fear the one doing bad bad things
Yeah, saw that. When debt is not going to be paid, things REALLY go down, don’t they. Hmmmmmm......
Dow premarket showing down 223 (1.26%), NASDAQ down 62.25 (1.41%) and S&P down 27.75 (1.34%). Compared to the last few weeks of the Chinese markets, not much to see.
Time for the rest of the EU to cut their losses. Greece is hopeless.
Shanghai down 6%
NIKKEI opens in 30 min.
Seems like it’ll be a 3% drop in the markets. Should recover 1% afterwards.
3 days ago got out of my kids’ 529 stock funds into simple cash...of course the bank holding that cash isn’t safe nowadays, either. They could just seize it.
President Pretentiousness said everything would be fine, and he knows everything. Just ask my doctor, my shovel ready project, and my friend Chris Stevens.
Time for another Rick Santelli scolding? Not criticizing, he knows whereof he speaks.
He’s the only one to listen to consistently on cnbc. I want to get his take.
Cramer said last week not to buy yet, that another leg down is coming. I guess this is what he meant.
DUH.
Greece + China. No $4!t Sherlock.
Unfortunately the sophistication of the average American has declined to the point that a majority believe a President who has borrowed $5 trillion dollars, printed trillions more, massages data and statistics when he tells them they are prosperous.
The Greeks who are celebrating the no vote tonight will wake up
tomorrow morning realizing their bank deposits and deposit boxes
have been stolen from them.
Then we will see how much celebrating they do.
“Vote for us, and we will steal more money for you!”
Pretty soon, the communists and pro-dictator crowd will start saying that they have the answer to all the problems in Greece.
The answer will involve a lot of blood and then quiet misery.
Gold and Silver soar!
.
I am stunned by the lack of knowledge most of the American people, as well as their politicans are displaying to today’s news in Greece. This is the reason why I believe a Republican will not win the Presidency next year. NOT One single Republican has been hammering the point home to everyone that the reason the average American’s standard of living has gone almost no where in the past 15 years is because the Federal Reserve has done everything in their power to bail out the largest banks in the US but also from Europe! The size of Government has grown exponentially under both Bush and Obama ONLY because it has been able to “borrow” cheaply from the only entity crazy enough to buy 10 year Treasuries at 2%....the U.S. Federal Reseve! An entity that is NOT part of the U.S. Government and who’s Charter should have long been revoked! Every Republican candidate talks about “Smaller Government” yet they NEVER mention that in order to have “smaller” government the ONLY way to stop the life blood of feeding the Federal Government- you have to FIRST constrain that same government from being able to “borrow” so cheaply! Have any of you ever wonder why the Debt Ceiling is NEVER “not” raised? Its simple.....its because the Federal Reserve would NEVER allow it! The minute you “don’t” raise the the Debt Ceiling the U.S. Treasury can not “borrow” more $$$$ to.....”REPAY” its previous DEBTS....That’s what they’re referring to when they say “default”! In other words...The US Federal Government has to KEEP borrowing in order to repay it’s previous debt to the Federal Reserve! Not ONE single Republican is hammering this point home to the American Public! Never ending “borrowing” (i.e. Debt Enslavement) is what keeps the United Socialist States of America alive! The (Socialist) Democrat’s life blood is this ability to “borrow”! The only reason we’re not Greece (and soon to be other Euro Countries) is because the U.S. Dollar is still the World’s reserve currency- but that too will soon come to an end! Gather all the allies you can muster and convince the public to rail against the U.S. Federal Reserve to finally cut the lifeline that feeds a Socialist State!
Oh, let’s blame Greece. And ignore our own cyanide pills.