Greek drama

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The Island Retreat
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Greek drama

Post by The Island Retreat » Sun Feb 01, 2015 5:18 am

Anyone else watching the Greek soap opera unfold while munching popcorn like me?

They have until the 28th to figure out how to pay their bills while turning down further ECB help.

Thoughts?


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The Island Retreat
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Re: Greek drama

Post by The Island Retreat » Fri May 29, 2015 6:03 pm

June 5 looks to be the day they might go insolvent, barring another loan from the IMF to pay off the IMF:)
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angeebiggles
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Re: Greek drama

Post by angeebiggles » Fri Jun 05, 2015 11:43 pm

They are over and out. No money to pay back what they supposedly owe. ithink they should and will default on the debt. This will start the flood of crashing mrkets worldwide in all global western countries. Hold onto your hat its going to be a wold ride.

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The Island Retreat
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Re: Greek drama

Post by The Island Retreat » Tue Jun 23, 2015 9:10 pm

Amazing how they can kick this further down the road.

It's only making the problem bigger later!
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The Island Retreat
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Re: Greek drama

Post by The Island Retreat » Mon Jun 29, 2015 5:33 pm

Well,

Bank holiday announced; capital controls in effect....

Max 60 euro withdrawal. Welcome to the future of any fiat currency.
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helicopilot
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Re: Greek drama

Post by helicopilot » Tue Jun 30, 2015 2:59 am

This obviously has ripple effects in North America, wiping away all gains made by major markets since the beginning of he year. Yikes. The bank closures, withdrawal limits are pretty scary!

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The Island Retreat
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Re: Greek drama

Post by The Island Retreat » Sun Jul 05, 2015 10:07 pm

Welcome to the global future.

Funny though, how they didn't even have enough cash to be able to afford to hold a referendum. On whether to a fort a funding deal that expired on the 30th of June. So they're voting on cash that was no longer theirs regardless.

Now what? All Greek banks are officially insolvent. If you think that won't ripple to here, you need to dig down more on the glorious world of interconnected global fractional reserve banking.

Other than Helico pilot and myself, is no one else following this?
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dollyndrew
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Re: Greek drama

Post by dollyndrew » Thu Jul 09, 2015 5:50 am

Following avidly... Just don't have anything intelligent to add... Except it frightens the hell out of me. Are you following China too? There's another world of hurt..

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The Island Retreat
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Re: Greek drama

Post by The Island Retreat » Fri Jul 10, 2015 4:07 am

Not really;

They just threaten to arrest anyone who short sells:). Crash averted, lol! Seriously though, a 30% loss of the entire market in a month is huge, yet barely warrants a mention in the media here. I guess the Kardashians are still too interesting to care... Bread and circuses is still a valid concept.

Hope all is well with you guys up north! My bees are doing ok; steep learning curve.

Take care,

Jonesy
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