World Economic Chaos

[Guest]

What do you think will happen next?

http://www.ft.com/intl/cms/s/0/175fc...44feabdc0.html

http://www.ft.com/intl/cms/s/0/680d8...44feabdc0.html

1 European Euro =
$1.2917

[Guest]

Re: ? "if Greece exits the Euro" ?

Make that 1.2894 at 7:30 PM MST. Actually, the Euro would be a lot lower if the dollar were stronger.

wlnf

[SAT]

Re: ? "if Greece exits the Euro" ?

"Brutal messages are being sent to Greece: we'll see if that knocks some sense into the leaders of the Greek political parties," a senior diplomat said.

http://news.yahoo.com/berlin-warns-a...jg4NTIw;_ylv=3


Many of the leaders of the other EU nations have stated it would be one less problem for the EU
If you have listened to the people of Greece you quickly realize they think you can go back in time.
But....

]"Brutal messages are being sent to Greece: we'll see if that knocks some sense into the leaders of the Greek political parties," a senior diplomat said.

[Guest]

Re: ? "if Greece exits the Euro" ?

The Whole Eurozone Could Unravel In Just A Matter Of Months

http://www.businessinsider.com/krugm...=Google+Reader

If this starts to unravel, I think it may take the whole world into a really "Great Depression".

[SAT]

Re: ? "if Greece exits the Euro" ?

Hi Ron just my two cent?
The Greeks have a very unrealistic view. If they left the EU they would go bankrupt and become very poor overnight. Like they can not imagine.
I'm sure this is what is being explained to them. Even China, Cuba etc realize.
But it will help to push Europe/ the EU to the end game.
The EU will not fall apart. In fact it will come out even stronger.

[Guest]

Re: ? "if Greece exits the Euro" ?

The EU will not fall apart. In fact it will come out even stronger.

Highly doubtful.

wlnf

[Guest]

Re: ? "if Greece exits the Euro" ?

http://www.cnbc.com/id/47411261

Over the weekend, European Central Bank policymakers Luc Coene and Patrick Honohan both openly voiced the possibility of Greece leaving the currency bloc and concluded that it would not be fatal for the euro zone.

But there are powerful incentives for keeping Greece afloat, not least that the ECB and euro zone governments are major holders of Greek government debt. A hard default could leave them with heavy losses and if the ECB needed recapitalizing as a result, that bill would also fall on its members' governments, with Germany first in line.

Bottom line it all depends how critical Greece is to the goal of NWO? That is the key to how things will play out IMO!

Stock market trying to shake it off and only down 69 (DOW)!

[SAT]

Re: ? "if Greece exits the Euro" ?

They are talking about new elections and a technocrat goverment. Now....

IMF warns Luxembourg of possible eurozone 'accident'

The IMF voiced a thinly disguised expression of worry over Greece Monday when it warned Luxembourg of the possibility of a "political accident" in the eurozone that could spark a region-wide crisis.

In a review of Luxembourg's economy, the International Monetary Fund said the small country was vulnerable economically and financially to an intensification of the euro-area crisis.

"Moreover, a political accident in the euro area could trigger a financial crisis engulfing the region," the IMF said.

http://www.eubusiness.com/news-eu/im...bourg-debt.ghk

Note this is the EU Business site.
This is exactly what will push the EU ahead. The need for a central government in emergencies and a president.

[SAT]

Re: ? "if Greece exits the Euro" ?

Euro zone finance ministers dismiss Greek exit "propaganda"

Over the weekend, European Central Bank policymakers Luc Coene and Patrick Honohan both openly voiced the possibility of Greece leaving the currency bloc and concluded that it would not be fatal for the euro zone.

http://www.reuters.com/article/2012/...84D1AQ20120514

[SAT]

Re: ? "if Greece exits the Euro" ?

Well the leftist party SYRIZA got what they wanted and probably the reason they have held out in forming a new government.....

Polls show the leftist SYRIZA party, which rejects the bailout and placed second in last week's vote, is now on course to win, a result that would give it an automatic bonus of 50 seats in the 300-seat parliament.

There will be elections in Greece by mid June and...

. A caretaker government would be formed on Wednesday, the spokesman said.

http://news.yahoo.com/greek-leftists...Dk3OQ--;_ylv=3

Hollande of France said simular things in the run up to the French elections but quickly back peddled the next day so it is probably a wait and see thing

Hollande statement today....

"I will propose to our partners a pact that will tie the necessary reduction of our public debt to the indispensable stimulation of our economies," the Socialist president said in his 10-minute maiden speech.

http://www.reuters.com/article/2012/...84E0LR20120515

[Guest]

Run on the banks

Greek depositors withdrew 700 million euros from the nation's banking system.

http://www.cnbc.com/id/47428134

[Issachar]

Re: Run on the banks

Well, maybe another "Jimmy Stewart" will get married again?

Especially note from 3:50 and on ...



Issachar

[wendyj]

Re: Run on the banks

I just dont understand why gold bullion is tanking?
Is it orchestrated by the illuminatti of the air? towards global money melt down and super change to another system?

Is it orchestrated by the bankers playing cloak and dagger? Is there a conspiracy to keep it down by people of power?

Russia?---the usual culprit--ha ha.

Is it a fluke? Gold should be a hedge in uncertain times! I just dont get it any more. The Indian rupee is tanking too and I would have said the rupee, and renimbi would be good bets but really?!

I read that most of the worlds economies were fighting for life --but Russia is doing quite well.
Not a lot makes sense in the markets right now.

[wendyj]

Re: Run on the banks

Quote from Doug Casey : dougcasey.com

"As you know, I believe we're into at least the fourth year of what I call The Greater Depression. A lot of people believe we're in a recovery now; I think, from a long-term point of view, that is total nonsense. We're just in the eye of the hurricane and will soon be moving into the other side of the storm. But it will be far more severe than what we saw in 2008 and 2009 and will last quite a while – perhaps for many years, depending on how stupidly the government acts."

[cornerstone33]

Re: Run on the banks

Quote from Doug Casey : dougcasey.com

"As you know, I believe we're into at least the fourth year of what I call The Greater Depression. A lot of people believe we're in a recovery now; I think, from a long-term point of view, that is total nonsense. We're just in the eye of the hurricane and will soon be moving into the other side of the storm. But it will be far more severe than what we saw in 2008 and 2009 and will last quite a while – perhaps for many years, depending on how stupidly the government acts."

I agree 100% with you so true. We are not in recovery, it's deceptive and if they really took the time to look, maybe they would see it.