We’ve been hearing this kind of blather for so many years that I get vertigo every time this type of headline is posted. What a joke.
When the investors sell these bonds,who’s stupid enough to buy them?
EU will implement rules to prevent the movement of Euros from weak nations to strong nations. Greeks have been moving their money from their own weak banks to the ones in Switzerland. Fearing the collapse of Greece and thus the repayment of recent EU bailout, the union is pressuring the Swiss banks to return the Greek accounts back to the Greek banks. Now Greeks are contemplating buying gold to preserve their wealth. The EU may be pressuring the Greek government to outlaw the ownership of gold. If well to do astute Greeks are trapped then they will join the rest of Greece in an armed revolt because the EU is basically mandating the end of their personal/family wealth and future. When you lose everything you lose it. This also bodes ill for Americans if our system is starting to collapse. Will the US gov prevent Americans from moving money overseas or outlaw the ownership of gold???? Desperate gov and institutions will break every promise to preserve themselves. Just look at MF Global.
gosh, how can that be when those europeans are so-o-o
why, our comrade obama is following their socialist system.
This was already posted here a couple of hours ago.
This is a direct response to the actions of EU governments but the banks will be branded by the bad guys. same old same old.