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Stocks Post Loss on Greece, S&P at 3-Month Low
Drudge Report ^ | May 15 2012 | Drudge

Posted on 05/15/2012 12:41:36 PM PDT by ctdonath2

Headline only.


TOPICS: Business/Economy; News/Current Events
KEYWORDS: banks; braking; greece
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To: xp38

Sir, the canary just died. We are truly effed up.


51 posted on 05/15/2012 1:17:53 PM PDT by NathanR
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To: ctdonath2

Probably months ago. Occupy_Whatever. Just seemed appropriate with a bank(?) in the background.


52 posted on 05/15/2012 1:18:42 PM PDT by Servant of the Cross (the Truth will set you free)
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To: carriage_hill

If you include obligations, yes.


53 posted on 05/15/2012 1:19:04 PM PDT by stephenjohnbanker (God, family, country, mom, apple pie, the girl next door and a Ford F250 to pull my boat.)
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To: MrB

Well put.


54 posted on 05/15/2012 1:20:52 PM PDT by stephenjohnbanker (God, family, country, mom, apple pie, the girl next door and a Ford F250 to pull my boat.)
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To: ctdonath2; waterhill; ixtl

(((Ping))) for later.


55 posted on 05/15/2012 1:22:07 PM PDT by Envisioning (Call me a racist........, one more time..........)
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To: chuck_the_tv_out

You hit that nail right on the head!


56 posted on 05/15/2012 1:22:07 PM PDT by vpintheak (Occupy your Brain!)
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To: ctdonath2
Dollars are worth more when the integrity of the euro is in doubt.

US $ is the cleanest shirt in the dirty laundry pile.

57 posted on 05/15/2012 1:25:10 PM PDT by Roccus
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I hope I am properly invested in a diverse group of items. Gold, Lead, Tin (canned foods)

Once the first domino goes (Greece) the rest are going to follow. I suspect we will see IL or CA go before the country.

I think things are already in motion and replacing Zero with Mittens will be to little to late. They are just going to push Mitt out in front of the speeding bus to take the blame.


58 posted on 05/15/2012 1:27:36 PM PDT by cableguymn
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To: Roccus

When currencies crash, the people seek stable currency ($) until their government disallows this practice.
Happens every time.

But what will WE go to when the dollar crashes?

Gold/Silver?


59 posted on 05/15/2012 1:29:04 PM PDT by MrB (The difference between a Humanist and a Satanist - the latter knows whom he's working for)
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To: cableguymn

Indeed, it’s not “if”, it’s “when”.

Mittens may be able to delay the crash, if simply for the fact that he doesn’t WANT it to crash like the current occupant does.

But, I think it’s too late to stop the train.
And our passengers are as bad or worse than Greece’s passengers.


60 posted on 05/15/2012 1:32:57 PM PDT by MrB (The difference between a Humanist and a Satanist - the latter knows whom he's working for)
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To: MrB

Brazillian real
swiss franc

German mark if they bring those back...


61 posted on 05/15/2012 1:33:30 PM PDT by mamelukesabre
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To: MrB

Real estate and lead.

To wit: food & timber resources, and the means to protect them.

Gold is only useful for holding value thru to the other side of the event, if you have enough to spare getting there.


62 posted on 05/15/2012 1:34:42 PM PDT by ctdonath2 (Cloud storage? Dropbox rocks! Sign up at http://db.tt/nQqWGd3 for 2GB free (and I get more too).)
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To: ctdonath2

The word, “domino” comes to mind.


63 posted on 05/15/2012 1:35:14 PM PDT by killermosquito (Buffalo, Detroit (and eventually France) is what you get when liberalism runs its course.)
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To: ctdonath2

I’m in agreement on the RE & lead.
RE in arable land, to be specific, with trees.

Silver is for trading.
Gold is for holding value to “the other side”, and I think it would be the last thing on the ordered list of things to put your currency in.


64 posted on 05/15/2012 1:39:02 PM PDT by MrB (The difference between a Humanist and a Satanist - the latter knows whom he's working for)
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To: Roccus


The conductor was heard to be crying "FORWARD" just prior to this 'unexpected' event.
65 posted on 05/15/2012 1:55:06 PM PDT by Paine in the Neck (Romney's judicial appointments were more radical than Obama's)
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To: dfwgator

What a hoot! I’ve not seen that since it was originally broadcast live back in...whenever. And I wasn’t a SNL fan even then. Better things to do on a Saturday night. Well, at least, I thought back then that they were better.


66 posted on 05/15/2012 1:55:44 PM PDT by Resettozero
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To: ctdonath2
Don’t forget to pick up an extra 50 pounds of flour or rice at Costco on the way home, that $17 purchase will be worth a lot soon...

Glad I got my heirloom seeds last month.

67 posted on 05/15/2012 2:02:26 PM PDT by SVTCobra03 (You can never have enough friends, horsepower or ammunition.)
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To: ctdonath2
Real estate and lead.

To wit: food & timber resources, and the means to protect them.

The problem is how to pay property taxes(aka, rent to the gov't)

68 posted on 05/15/2012 2:08:21 PM PDT by SVTCobra03 (You can never have enough friends, horsepower or ammunition.)
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To: mamelukesabre

Americans will not be safe anywhere from the revenuers.
They will not allow America to feed itself. All food grown will be consficated for the good of the people and dispatched to whomever offers the most to the parasites and predators in the swamp.

That means to China most likely. The people in charge are pure evil and have no qualms whatsoever when it comes to tens of millions starving to death in the good old USA.


69 posted on 05/15/2012 2:12:08 PM PDT by winodog
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To: dfwgator

Get wheelbarrows. Must carry enough Euros to buy a loaf of bread. This is keeping the dollar afloat, by making it look good in comparison.


70 posted on 05/15/2012 2:13:53 PM PDT by Eleutheria5 (End the occupation. Annex today.)
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To: winodog
Nah, there's not going to be a big collapse flowing from this. The Eurozone has been prepping for this for the last two years, and they can absorb Greece bowing out. Letting Greece go likely will induce the other sick southern Euro countries to do what is necessary to avoid the same fate.

What it does do is signal that the days of profligate spending have nasty consequences. If we learn from it, we can still save ourselves.

71 posted on 05/15/2012 2:17:08 PM PDT by Bruce Campbells Chin
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To: ctdonath2; canuck_conservative

No man, that’s a very specific thought!

“50 pounds of flour or rice”

It better not be yet. I pray not.


72 posted on 05/15/2012 2:17:14 PM PDT by chuck_the_tv_out
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To: stephenjohnbanker
"This is America’s future if we don’t get rid of Obama."

It's gonna take a lot more than just getting rid of Obama, I'm afraid.

73 posted on 05/15/2012 2:19:25 PM PDT by GSWarrior
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To: Lurker; WashingtonSource

These Greeks are better off than me (and many other Americans); we have nothing in the bank. They’d think we were there to apply for loans...


74 posted on 05/15/2012 2:19:57 PM PDT by kearnyirish2
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To: Roccus

“US $ is the cleanest shirt in the dirty laundry pile.”

I’d say it is actually the dirtiest.

The laundry inspectors are just blinded by the dazzle from the glare off the US Dollar printing presses.


75 posted on 05/15/2012 2:26:45 PM PDT by EyeGuy (Armed, judgmental, fiscally responsible heterosexual.)
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To: GSWarrior

” It’s gonna take a lot more than just getting rid of Obama, I’m afraid. “

Yeah, a lot more.


76 posted on 05/15/2012 2:27:25 PM PDT by stephenjohnbanker (God, family, country, mom, apple pie, the girl next door and a Ford F250 to pull my boat.)
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To: ctdonath2
From Zero Hedge's "Greece in 1 picture" post--the Athens Ministry of Finance:
77 posted on 05/15/2012 2:30:17 PM PDT by combat_boots (The Lion of Judah cometh. Hallelujah. Gloria Patri, Filio et Spiritui Sancto.)
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To: stephenjohnbanker
” It’s gonna take a lot more than just getting rid of Obama, I’m afraid. “

Yeah, a lot more.

####

Yep.

Its a mindset thing.

78 posted on 05/15/2012 2:30:17 PM PDT by EyeGuy (Armed, judgmental, fiscally responsible heterosexual.)
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To: Lurker
A billion here, a billion there. Pretty soon you’re talking real money.

No, just a lot of worthless fiat. Now, if it was actually backed by something then, we'd be talking real money.

79 posted on 05/15/2012 2:32:51 PM PDT by Repeat Offender (While the wicked stand confounded, call me with Thy Saints surrounded)
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To: Buckeye McFrog

I once bunked with an Argentinian who survived being on the ‘Desaparecidos’ list of the 1980s. Bad times for those folks. At first, I was an ugly American. I apparently grow on people.


80 posted on 05/15/2012 2:32:57 PM PDT by combat_boots (The Lion of Judah cometh. Hallelujah. Gloria Patri, Filio et Spiritui Sancto.)
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To: GSWarrior

Yep. Goldwater, Birch, and McCarthy were correct. The tentacles of the enemy within run deep.


81 posted on 05/15/2012 2:35:10 PM PDT by khelus
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To: ctdonath2

The withdrawals have been averaging 2 to 3 billion Euros per month, and today it was 700 million euros in just one day.


82 posted on 05/15/2012 2:44:16 PM PDT by prairiebreeze (Don't be afraid to see what you see. -- Ronald Reagan)
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To: ctdonath2
This will blow your doors off, an embedded link at the cnbc site that's a slide show of the largest debtor nations:

The World’s Biggest Debtor Nations

Northern Euro is even more broke than we are (Sweden, Netherlands, Finland - even Germany at 184% of GDP, the UK @ 451%, and especially Ireland @ 1,240% - YIKES!!!)

83 posted on 05/15/2012 2:48:18 PM PDT by uncommonsense (Conservatives believe what they see; Liberals see what they believe.)
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To: ctdonath2; blam; Quix; Alamo-Girl; M. Espinola; whitedog57; stephenjohnbanker; Chunga85; All
Bilderberg is terrified not only that Greece will exit the euro, but that in doing so it will go on to see a massive economic rebound and become an example for other eurozone countries to follow the same course

We need about 100,000 people to show up and protest the Bilderberg meeting -- the secretive cabal is meeting at the Westfields Marriott Washington Dulles hotel in Chantilly, Virginia from May 31st to June 3rd.

84 posted on 05/15/2012 3:03:23 PM PDT by ex-Texan (Ecclesiastes 5:10 - 20)
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To: GSWarrior

“It’s gonna take a lot more than just getting rid of Obama, I’m afraid.”

Very true. And I wish more people would see that.


85 posted on 05/15/2012 3:03:37 PM PDT by MichaelCorleone (Forget the GOP and build the Constitution Party, because the status quo is no longer the way to go.)
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To: Kozak; Jack Hydrazine

A trillion here, a trillion there; pretty soon you’re talking some real money.

$140-150 trillion; yes, I easily believe those numbers.


86 posted on 05/15/2012 3:05:34 PM PDT by carriage_hill (All liberals & most demoncraps think that life is just a sponge bath, with a happy ending.)
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To: winodog
The people in charge are pure evil and have no qualms whatsoever when it comes to tens of millions starving to death ...

It's not that they "have no qualms" about it; it's that they view it as a desirable outcome.

87 posted on 05/15/2012 3:07:26 PM PDT by DuncanWaring (The Lord uses the good ones; the bad ones use the Lord.)
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To: uncommonsense; ConorMacNessa; MEG33; lonestar

ping


88 posted on 05/15/2012 3:25:05 PM PDT by yorkie
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To: ctdonath2

WE’RE NEXT!
http://www.youtube.com/watch?v=EW5IdwltaAc&feature=youtube_gdata_player


89 posted on 05/15/2012 3:59:20 PM PDT by sanjuanbob (Festina Lente)
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To: Bruce Campbells Chin

I largely agree, and I live here in Europe (though not in the Eurozone proper).

The departure of Greece is absorbable, if painful, however the EU will let Greece go to serve as an example to the other profligates what’s going to happen to them if they don’t get their act together.

As to Greece, oh yeah, it’s going to suck to be them, especially in the near to medium time frame. Even if the Greeks went to the World Bank/IMF, those guys would likely impose austerity conditions just as harsh, and maybe even harsher. than what the Greeks are currently whining about.

Frankly, the Greeks should count themselves lucky it’s not me they owe these billions to; I’m slightly more draconian than Cosa Nostra when it comes to folks who owe me money. If I were the EU, by this time next week, Greece would be reduced to literal slavery, and the entire country would become a vassal state of it’s creditors. I’d also disarm its military, seize its shipping, impound its airlines. impound its gold reserves, and seize the assets of all Greek nationals living anywhere in the EU, including Greece. By the time I’d be done with them, the only thing left they would have is their lives.

Damn bunch of freeloaders.


90 posted on 05/15/2012 4:35:17 PM PDT by AnAmericanAbroad (It's all bread and circuses for the future prey of the Morlocks.)
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To: mamelukesabre

A run on the banks of Italy and Spain will occur the moment the EU does not stand behind Greece. This is the problem and it is coming very soon.


91 posted on 05/15/2012 5:30:33 PM PDT by cornfedcowboy (Trust in God, but empty the clip.)
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To: prairiebreeze

I don’t think the article claimed it was in one day. If it did happen in one day,then bank holidays will be scheduled for Monday and Tuesday.


92 posted on 05/15/2012 6:02:31 PM PDT by cornfedcowboy (Trust in God, but empty the clip.)
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To: Noumenon

Pulled all the liquid stuff out today. It aint much, but we got it.


93 posted on 05/15/2012 6:08:02 PM PDT by Lurker (Violence is rarely the answer. But when it is it is the only answer.)
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To: chuck_the_tv_out

I think they went past socialism and into anarchy!


94 posted on 05/15/2012 6:24:54 PM PDT by Braak (The US Military, the real arms inspectors!)
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To: ex-Texan

What’s a protest gonna do? There will be much sound and fury signifying nothing when the participants to home.


95 posted on 05/15/2012 6:46:28 PM PDT by ctdonath2 (Cloud storage? Dropbox rocks! Sign up at http://db.tt/nQqWGd3 for 2GB free (and I get more too).)
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To: ctdonath2

Nikkei’s continuing its month-long slide right now.


96 posted on 05/15/2012 6:51:49 PM PDT by P.O.E. (Pray for America)
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To: ctdonath2

Liberals listening to NPR tell me the economy is bad over there because no one pays taxes... Denial...


97 posted on 05/15/2012 7:02:16 PM PDT by JudgemAll (Democrats Fed. job-security Whorocracy & hate:hypocrites must be gay like us or be tested/crucified)
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To: txhurl

Robins, um, ok. But I don’t think you want to go further with “if they’re good enough for the catfish.” The best catfish bait(s)...

:-)


98 posted on 05/15/2012 7:05:29 PM PDT by Paul R. (We are in a break in an Ice Age. A brief break at that...)
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To: MrB

Uday and Qusay Hussein would hogue dollars making them extremely expensive on the black market. Then they would release them, Sorros style and make their profits and they would buy them back and make them illegal again.


99 posted on 05/15/2012 7:06:37 PM PDT by JudgemAll (Democrats Fed. job-security Whorocracy & hate:hypocrites must be gay like us or be tested/crucified)
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To: Jack Hydrazine

I’m buying.


100 posted on 05/15/2012 7:14:33 PM PDT by DeaconBenjamin (A trillion here, a trillion there, soon you're NOT talking real money)
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