Showing posts with label Greece. Show all posts
Showing posts with label Greece. Show all posts

Wednesday, July 27, 2011

Bob Chapman & Alex Jones: The Command Destruction Economy 1-3

By Bob Chapman, June 29th, 2011.
Greece and Europe are still in crisis as the European countries scramble for a solution. The fact is that ultimately Greece has to default. The banks and other nations of the euro zone should have never allowed the situation to progress to its current stage. As we have said over and over again for 13 years, one interest rate can never fit all, because each country is at a different stage of development. The very creation of the European Union and the euro zone flies in the face of anthropological and cultural history reaching back thousands of years. That said, the leaders of the EU cannot possibly save Greece and the other five nations in serious financial trouble and save the euro and the European Union simultaneously. It is simply impossible if for no other reason, which is the cost, which is $4 to $6 trillion. Eventually all six will have to be cut loose reducing the euro zone from 17 to 11 members, all of which will have to face eventually more trouble among the remaining weak members. Thus, it is only a matter of time before the euro is history. At least for now there will not be a euro as the basis for a one-world currency and the EU as the cornerstone for world government.

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Monday, July 25, 2011

Are you psychotic? Here’s your dose of debt! via Max Keiser

Watch the full Keiser Report E167 on Tuesday. This week Max Keiser and co-host, Stacy Herbert, look at the one in 66 Americans now classified as psychotic and the matter of 'selective default' as the over-prescribed anti-psychotic medication for financial markets. In the second half of the show, Max talks to Adrian Salbuchi about the similarities between the financial attack on Greece and what happened to Argentina in 2001/2002.

Max Keiser