Futures sharply lower; live CNBC coverage tonight at 8pm ET

cnbc.com ^ | July 5, 2015 | Everett Rosenfeld & Ben Berkowitz

[SunkenCiv]

Thanks John W.

[PermaRag]

The puppetmasters don’t wait for election results before crashing the market — remember 2008? They tanked the market (and the ecomomy) hard starting in September/October of that year, while their media propagandists made sure Republicans got all the blame for the “bad economy” so as to ensure that the empty monkey suit running on the Dem ticket would get elected. In case that wasn’t a foregone conclusion to begin with, since the Republicans nominated an equally empty suit that year and in 2012.

They also talked down the economy big time in the run-up to the 2000 and 2004 elections and it almost worked. In the absence of a war going on, the economy is always the #1 issue among normal, working adult voters.

[NormsRevenge]

I got tomatoe plants 6 feet tall.. i should take up fried green tomatoes.. I hear they’re tasty. we’ve had a decent run on corn here. cheap..

[berdie]

No problem, Paulie.

I think we agree on the eventual outcome. We may not agree on the timing.

But, I'm sure the Greeks don't think there will be a catosophe either.

[Toddsterpatriot]

the reason the average American’s standard of living has gone almost no where in the past 15 years is because the Federal Reserve has done everything in their power to bail out the largest banks in the US but also from Europe!

And all those short term loans from the Fed were paid back, years and years ago, and the profit handed over to the US Treasury.

The size of Government has grown exponentially under both Bush and Obama ONLY because it has been able to “borrow” cheaply from the only entity crazy enough to buy 10 year Treasuries at 2%....the U.S. Federal Reseve!

Baloney. In January 2008, the Fed held $740 billion in Treasuries. Last week they held $2.46 trillion. An increase of $1.72 trillion in 7.5 years. The Federal debt increased by about $8.9 trillion over that same period.

Looks like others, besides the Fed, have been crazy enough to buy 80% of that new debt.

the U.S. Federal Reseve! An entity that is NOT part of the U.S. Government

But it is part of the US government.

The US Federal Government has to KEEP borrowing in order to repay it’s previous debt to the Federal Reserve!

Baloney. If we cut spending back to 2007 levels, we'd have a surplus.

[L,TOWM]

If they offered me what I paid in paid in to SSI and a portion of the employer deduction as a lump sum to go into my IRA tomorrow, I’d take it.

I think I could do a lot better managing my own money instead of continuing to kick into the Ponzi Scheme of Social Security.

[Axenolith]

Hey, they were practically giving Silverados away in 2011. I’m sitting in mine with 140,000 miles on it on my paid for square mile in the middle of nowhere as we type :-)

[berdie]

I would as well.

But I really don’t see it happening.

[9YearLurker]

It was themselves, and decades of their irresponsible voting, who screwed them.

[RayChuang88]

I think right now the best solution is everyone working on a planned exit of Greece from the Eurozone--something that should have been done way back in 2011. That way, a planned exit means an orderly transition back to the drachma, with much less effect on the world's financial system.

[SoFloFreeper]

Oh, let’s blame Greece. And ignore our own cyanide pills.