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Reply #4: If a national vote is held on this issue... [View All]

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CoffeeCat Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-01-11 09:48 PM
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4. If a national vote is held on this issue...
Edited on Tue Nov-01-11 09:49 PM by CoffeeCat
...the people of Greece will absolutely not vote for a bailout. They
are against it!

In the short term, the US stock market will be volatile and likely to sink further. DOW
fell 300 points today due to the Greece situation.

And Italy is next. They're in the same situation as Greece. They borrowed a ton
of money and they can't pay back the loans. The interest rate on their bonds
is rising and following the same soaring trajectory as Greece.

Who knows what will topple as these dominoes fall. Undoubtedly, the US stock
market will continue on a downward trend, as these events unfold.

It is a fact that many of our big banks are affected by what is happening in
Greece and Italy--because of the credit-default swaps our banks have invested in--
that are directly tied to Greece, Italy and all of Europe.

Yeah. Credit-default swaps. The same shit insurance investment garbage that
brought down AIG, and almost the entire financial markets.

You have to wonder if they're trying to crash it all--on purpose.
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