A Look At Events In The Week Ahead: All About Greece Part 2

Tyler Durden's picture

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The Aviator's picture

Were greece to default, paper currencies around the world would head to zero immediately.  Got Silver?

Ahmeexnal's picture

Massive riots in Argentina right now.  Sheeple have finally decided to revolt against TPTB? Ummm..no. Riots are due to River Plate descending to second division:

 

http://www.clarin.com/deportes/destrozos-comercios-Avenida-Libertador-TN...

http://www.youtube.com/watch?v=6WwWodGQIC8

 

Men are infinitely malleable. Or perhaps you’ve returned to your old idea that the proletarians will arise. Put it out of your mind. They are helpless animals.

 

 

 

Hedge Jobs's picture

im suprised you only have 3 junks that is one of the stupidest things ive heard. a greek default would lead to a rise in the USD. A rising USD also means silver goes down like it has been lately.....until QE3 is announced that is. No hurry to buy silver yet. Now that QE is (temporarily) ending expect the broader deflationary collapse to start playing out again where the dollar rises and everything goes down, precious metals included.

ONEPurpose's picture

Default looks likely too. Greeks are buying up precious metals like madmen. They know what's up, the only thing that keeps silver's price down is American ignorance. If we rushed to all our local dealers and cleaned them out, silver would be more expensive than gold in a friggin' week. 

 

That's not a bad idea....

 

Silver Viral Project. 

 

http://silver-viral-project.1054564.n5.nabble.com/

The Aviator's picture

Yup...probably like twice as much as gold. Theres nothing left! Already joined the Silver Viral Project...and been trying to promote it as much as possible too. Need to get the Hedger's to participate...lots of sheeple to herd (or educate perferably)  into silver!

HungrySeagull's picture

Greece Greece Greece.

Such drama.

One big fat Default.

 

Millions default on obligations every day, and we don't see shit. The write off is just a number. Only issue is having something large enough to record those large figures.

tonyw's picture

such a drama, just look at how much Greece has taken. Read this article about  The Big Fat Greek Gravy Train: A special investigation into the EU-funded culture of greed, tax evasion and scandalous waste

http://www.dailymail.co.uk/news/article-2007949/The-Big-Fat-Greek-Gravy-Train-A-special-investigation-EU-funded-culture-greed-tax-evasion-scandalous-waste.html

Why should Germans work until 67 to fund Greeks to retire at 50?

 

putbuyer's picture

I thought the first vote was on Tuesday?

Jovil's picture

Join the Silver Viral project and get ahead of the game.

http://lonerangersilver.wordpress.com/silver-viral-project/

A Lunatic's picture

Vote for me and there will be a block of marble in every yard.

lineskis's picture

Tyler, not a word about Mario Draghi, ex Goldman Sachs Europe, replacing Jean Claude Trichet at the ECB?

http://translate.google.com/translate?u=http%3A%2F%2Fnews.google.fr%2Fne...

lilika's picture

Hellas, DEFAULT!! Buy Gold and Silver, go back to Drahmae, and get out of the nazi gulag!

Temporalist's picture

Soros is a bear.

 

Euro Exit Plan is ‘Probably Inevitable’: Soros

http://www.bloomberg.com/news/2011-06-27/exit-plan-for-eu-probably-inevi...

sasebo's picture

When are the Greeks, Irish, etc. citizens going to take the privilege to print free paper money away from the greedy, delusional, asshole billionaire bankers? When there's no groceries at the local grocery store or gas at the local gas station. Free paper money doesn't grow groceries or produce anything. Farmers & workers do.   

When will the SHTF? Keep your eye on your local grocery store & gas station. Don't waste your time listening to the stupid asshole politicians. They don't know shit from Shinola. If they did we wouldn't be here & the greedy stupid asshole bankers wouldn't be the ones printing paper money & using it like poker chips. The government would be printing paper money & lending it out to entrepreneurs to create jobs & produce something people can consume. You can't consume CDO's, CDS's, etc. 

gwar5's picture

The Greeks should at least copy the Chinese. They should make it government policy to encourage and tell their people to protect themselves with gold and silver outside the banks. Save the shitty Euros for taxes and tolls.

The Chinese were very wise to tell the little people to acquire PMs to protect themselves from western banker currency attacks. They know WTF is going on!

hungarianboy's picture

While everybody is focusing on greek, in the background the following happens.

The " White Knight (China ) " is assuring France and Germany that it will fund the greek bailout. Then Merkel is holding a secret call with papadontknowshit and assures them about China is helping.

Papadontknowshit in the background conficing the pairlament and they vote for the package. Problem solved.

bakken's picture

Metaphorically,...yes.  That could be very likely the case.  If China gets left holding  the bag on a BIG default in Europe, will they get MAD?  Maybe they have to keep dropping good money after bad to try to save their initial investment.  After all, they want very strongly for the Euro to stay alive.

If the US trade flops over, they will bleed big time and their $2trillion balance will be gone in a couple of years.  Might as well play big shot now.

Tabarnaque's picture

The Bangsters were culprits in hiding the real Greek debt level just before they entered the Euro zone. GS and JPM actively participated in hiding part of the Greek debt through the use of derivatives. Then the Bangsters kept on lending more money for years at an extreme low cost to an already broke and highly corrupt country. These were years of irresponsible investment practice done by the banks. Therefore the Banks should get a haircut on the Greek debt. Not the tax payers (either German, French or Greek). I hope the Greeks default on their debt and let the TBTF Bangsters take a hit on the money that they first created out of thin air anyway. The hell with selling national Greek assets to feed the greedy bangsters. They created money out of thin air, lent it for years to a broke country and now they want nothing less than possessing Greek’s national assets on one side and get the German tax payers on the hook for the rest of whatever will be left unpaid.

 

We need a serious revolution here. What is going on in Greece is just a prelude of what will happen in the USA. These crocks have no limit on their greed and desire to possess as much of the world’s resources as they can. The whole monetary system we live in is the biggest scam that was ever created by mankind. 

Tabarnaque's picture

The Bangsters were culprits in hiding the real Greek debt level just before they entered the Euro zone. GS and JPM actively participated in hiding part of the Greek debt through the use of derivatives. Then the Bangsters kept on lending more money for years at an extreme low cost to an already broke and highly corrupt country. These were years of irresponsible investment practice done by the banks. Therefore the Banks should get a haircut on the Greek debt. Not the tax payers (either German, French or Greek). I hope the Greeks default on their debt and let the TBTF Bangsters take a hit on the money that they first created out of thin air anyway. The hell with selling national Greek assets to feed the greedy bangsters. They created money out of thin air, lent it for years to a broke country and now they want nothing less than possessing Greek’s national assets on one side and get the German tax payers on the hook for the rest of whatever will be left unpaid.

 

We need a serious revolution here. What is going on in Greece is just a prelude of what will happen in the USA. These crocks have no limit on their greed and desire to possess as much of the world’s resources as they can. The whole monetary system we live in is the biggest scam that was ever created by mankind.