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Financial Markets Crumble As Greece Rejects Austerity, China Teeters On Collapse
Addicting Info ^
| 6 July 15
| Nathaniel Downes
Posted on 07/06/2015 10:50:57 AM PDT by SkyPilot
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The money quote:
"The bankers ignored history, and used the bailout to fatten their own pockets at the expense of the people. As a result, fixes were not done, and even actively fought against. Now we are facing not a repeat of 2007, but a far worse situation. The banks have increased their risk, and gambled on governments bailing them out once more."
Related:
Good Luck Finding a Place to Hide as Global Markets Crumble
1
posted on
07/06/2015 10:50:57 AM PDT
by
SkyPilot
It looks the like bill has finally come due for the deal made with Satan.
2
posted on
07/06/2015 10:55:54 AM PDT
by
SkyPilot
("I am the way and the truth and the life. No one comes to the Father except through me." John 14:6)
To: SkyPilot
Aaemmm - margin call, gentleman...
3
posted on
07/06/2015 10:56:14 AM PDT
by
Paulie
(America without Christianity is like a Chemistry book without the periodic table.)
To: SkyPilot
The DJIA is off ½% at the present time. Hardly crumbling.
4
posted on
07/06/2015 10:56:28 AM PDT
by
RoosterRedux
(WSC: The truth is incontrovertible; malice may attack it, ignorance may deride it, but in the end...)
To: SkyPilot
Don’t you just love derivatives?
5
posted on
07/06/2015 10:57:01 AM PDT
by
umgud
(When under attack, victims want 2 things; God & a gun)
To: SkyPilot
Right now the Dow is down 0.5%.
To: SkyPilot
What are you trying to do here? Bombastic misleading headline.....
The markets aren’t crumbling....DOW barely down....Tokyo down a little, and China Crumbling? China is up for today, and WAY up for the year.
It may all crumble at some point....but to say that Greece is causing this right now? No.
To: SkyPilot
Also similar to the building where Mussolini used to give rousing speeches...
8
posted on
07/06/2015 10:59:52 AM PDT
by
RoosterRedux
(WSC: The truth is incontrovertible; malice may attack it, ignorance may deride it, but in the end...)
To: SkyPilot
Dow down half a percent. Big deal.
9
posted on
07/06/2015 10:59:55 AM PDT
by
Ultima
To: C. Edmund Wright
Never heard of “Addicting Info”. Must have had to look hard to find signs of panic.
10
posted on
07/06/2015 11:00:49 AM PDT
by
bkepley
To: SkyPilot
Dow 17,635 -96 0.54%
Nasdaq 4,974 -35 0.70%
S&P 5002,063-14 0.66%
GlobalDow 2,491-32 1.27%
Gold 1,172+9 0.73%
We are all going to die.
To: SkyPilot
But my Orange Juice Futures are safe, RIGHT? ;)
12
posted on
07/06/2015 11:01:16 AM PDT
by
Diana in Wisconsin
(I don't have 'Hobbies.' I'm developing a robust Post-Apocalyptic skill set...)
To: RoosterRedux
Wait a minute, how can China be “crumbling?” I thought they were booming by stealing all our manufacturing??????
13
posted on
07/06/2015 11:02:15 AM PDT
by
LS
("Castles Made of Sand, Fall in the Sea . . . Eventually" (Hendrix))
To: Diana in Wisconsin
I though OJ was doing time....
14
posted on
07/06/2015 11:04:33 AM PDT
by
Paladin2
(Ive given up on aphostrophys and spell chek on my current device...)
To: SkyPilot
And who should step on-stage to offer solutions to the world problems?
15
posted on
07/06/2015 11:04:49 AM PDT
by
SkyDancer
( "Nobody Said I Was Perfect But Yet Here I Am")
To: C. Edmund Wright; RoosterRedux
Investors (and financial Las Vegas gamblers) are betting that the results of the referendum will force Greece into yet another "compromise" to keep them in the Eurozone. The Greeks will pretend to cut spending and actually raise taxes, and the lenders (primarily French and German banks) will pretend to believe them.
The US markets are watching this like a drunk who woke up with an ugly girl and a bad hangover. They have to believe they will sober up and the woman will eventually leave, because there is no "Plan B."
Our own markets are hopelessly inflated, propped up by nothing but lies and thin air.
16
posted on
07/06/2015 11:05:25 AM PDT
by
SkyPilot
("I am the way and the truth and the life. No one comes to the Father except through me." John 14:6)
To: C. Edmund Wright
I’m still pretty glad I had never had any funds on deposit with a Greek bank....
Or is there something I didn’t know?
17
posted on
07/06/2015 11:06:41 AM PDT
by
alloysteel
(If Stupidity got us into this mess, then why canÂ’t it get us out? - Will Rogers.)
To: SkyPilot
“That the Chinese index has lost over a third of its value in under three weeks should have been a large warning.”
Forget the Greeks, it is China that worries me. China and the US are the world’s largest economies now and their economies are massively interlocked by trade and investments. How can this NOT affect us, sooner or later?
18
posted on
07/06/2015 11:08:34 AM PDT
by
TexasRepublic
(Socialism is the gospel of envy and the religion of thieves)
To: SkyPilot
This will be blamed on climate change. Not kidding.
19
posted on
07/06/2015 11:09:25 AM PDT
by
lacrew
To: SkyDancer
“And who should step on-stage to offer solutions to the world problems?”
The Anti-Christ?
20
posted on
07/06/2015 11:10:05 AM PDT
by
TexasRepublic
(Socialism is the gospel of envy and the religion of thieves)
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