How shock waves will hit US if Greece drops euro

AP ^ | 6/16/12 | Matthew Craft

[Evil Slayer]

NEW YORK (AP) -- The unthinkable suddenly looks possible.

Bankers, governments and investors are preparing for Greece to stop using the euro as its currency, a move that could spread turmoil throughout the global financial system.

[Southack]

Greece prints all $10 Euro notes today. Anytime Greece prints more Euros than what is authorized, the excess is considered an instant debt owed to the ECB.

[hinckley buzzard]

I'm sure they are happy to fish in these troubled waters but I don't see Russia as having engineered this "destruction." Europe has done that for themselves very well.

[Vince Ferrer]

I just got home from seeing Prometheus, and was just thinking how that movie took about as much from Blade Runner as Alien.

[familyop]

It shouldn’t affect the rest of us so much. The globetrotting, government-linked political/regulator class is responsible, and they won’t get to keep the high dollar while killing what little remains of American manufacturing.

The dollar will continue to fall, and oil will continue to rise (demand in countries that our manufacturing was handed to by the traitors).

[SaraJohnson]

When a little country like socialist Greece can derail the whole global economy, what does that tell you about the stability and wisdom of globalism. It serves the multinationalists and the elitists they have bought, but it does not support the Nations and people.