Germany prepares for 'inevitable' Greek crashBruno Waterfield, Brussels
February 20, 2012
PLANS for Greece to default, potentially leaving the euro, have been drafted in Germany as the European Union faces up to the fact that Greek debt is spiralling out of control, with or without a second bailout.
The German finance ministry is pushing for Greece to declare itself bankrupt and to agree to a ''haircut'' on the bulk of its debts held by banks, a move that would be classed as a default by financial markets. FULL STORY
Didn't I just write about "All Eyes On Greese" yesterday?
So your sitting there wondering why this is important news to you. Well, as I sit here in my nice warm sunbeam, it's hard to imagine that our whole world will soon be turned upside down again. This time, it will be the worse financial disaster the world has ever seen and we will not escape it.
You see, while the Private NY Federal Reserve bank has been bailing out banks around the world in your name, they also have been helping to bail out Greese. And with the world trade tied to the US Fed Dollar, this Greek default will have a domino effect starting in Europe. This next article explains it far better than I can and even gives the time line.
My only hope is, you read it, and if you aren't planning to vote for Ron Paul and like minded candidates, RECONSIDER!
Greece “Officially Defaults” March 23, Banks Close (EWG, VGK, FXE, EWQ, GLD)
“A written document giving firm dates and detailed actions for a planned Greek default has been in the possession of two top Wall Street bank currency trading bosses since the second week in January,” Ward begins his blog post of the morning of Feb. 16. “The Slog has separate but corroborative sources affirming the existence of the document, and a conviction among senior bank staff that – at least at the time – the plan represented ‘a timetable, not a contingency’. The plan gives a firm date of March 23rd for default to be announced after the close of business.”
Ward makes a compelling case for a backdoor arrangement made between Germany, IMF and the U.S. to take matters into their own hands for saving the global banking system has been the plan all along. FULL STORY
There is no question that Greese will default. But if you read the article you know that certain inside investors have already pulled their money out of the banks and failing investments. There safe. What about the Greek citizens? Well, they will wake up FRIDAY, March 23rd to a Bank Holiday, inflation, and depression.
March 23, 2012 will be the start of the Global Financial Melt Down.