Posts Tagged ‘ GREXIT ’

7 Charts Indicate Why Europe is Doomed

sinking-europe

  by John Galt June 1, 2012 05:15 ET   (All charts courtesy of Bloomberg.com)   Have my readers ever wondered why the financial networks always show 1 year, 6 month, or 3 month charts of stocks, bonds, or indexes whenever possible? Perhaps these seven charts will indicate why they prefer to color the truth and hide the seriousness of the economic realities of Europe. I have posted the charts of the major stock market indexes for the PIIGS plus Cyprus and Hungary to offer…

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Grexit Worse than Lehman per Mexico’s Central Bankster Ortiz

greekfire2

by John Galt May 20, 2012 08:20 ET   Finally, at least one of the banksters of the world has provided some degree of honesty about this mess over in Greece. The threat of the Grexit was enough to turn the debut of Facebook on the NASDAQ into FacePalm creating a concern that the entire world economy is teetering on disaster. From an article in the Athens News yesterday:   If Greece leaves the euro zone it could detonate a global financial crisis even worse…

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