GREXIT


07.12-07.13 Deathburger Marketwatch: Greece fires and Chinese CONfusion means Disaster for Investors

by John Galt July 12, 2015 16:45 ET It is going to be one of those nights. Here is your Euro quote from just a short while ago, courtesy of NetDania: Yeah, the traders appear to agree with me. There is no way Greece surrenders to Germany AGAIN! More to follow as this is going to be one of THOSE nights for sure. Time to go fold up the ground beef and fire up the grill…. 19:15 ET UPDATE – Oh What a Night! A perfect song for tonight…   And…


Greece Isn’t the Problem and the International Bankers Know It

by John Galt July 6, 2015 05:20 ET This morning the so-called Greece crisis has entered its final phase and the futures markets reflect this at about 5 a.m. Eastern Time: (courtesy of FINVIZ.com) The Greek government has won the support of the people to take whatever course of action is necessary and the world appears to be wringing its collective bankster hands that this is the “big one” and the Ponzi scheme known as print and pray is about to come to an end with a small nation threatening to…


Fitch Continues the Downgrade Parade Reduces Greece to Junk Status Down to CCC

by John Galt March 28, 2015 09:00 ET In preparation for the impending Grexit, Fitch has decided to downgrade Greece further into junk status by reducing the rating on their credit quality to ‘CCC’.  From the Greek Newspaper Ekathimerini: Fitch downgrades Greece amid bailout uncertainty (excerpted) Ratings agency Fitch has downgraded Greeces sovereign rating amid growing uncertainty over the new government’s pledge to overhaul reforms needed to restart bailout loan payments and avoid default. The agency late on Friday said it had lowered the country’s rating deeper into non-investment grade status…


As the Grexit heated up, Turkish and Greek Fighter Jets engaged in Mock Dogfights

by John Galt January 25, 2015 20:55 ET While the United States and European Union huff and puff via the IMF and ECB over the impending Greek exit from the European Union (Grexit), tensions have quietly heated up between two long time NATO members who are antagonists of all non-Balkan members in their own right. From the Greek newspaper Kathimerini on January 20th: Greek and Turkish fighter jets engage in Aegean dogfights Greek and Turkish fighter jets were involved in a mock dogfight over the Aegean on Tuesday in the first…


01.25 US Equity Futures, Euro Open Lower with Grexit Facing the Markets

by John Galt January 25, 2015 18:30 ET This is what happens when central banksters have what they do to taxpayers done to them. In this case, Greece appears set to flip off the thugs with the Syriza victory and shift back to the real Marxist model leaving Western banking cartels to eat dust or raise taxes on their own middle classes (again) to cover losses. All charts from Finviz.com: Dow futures are pretty ugly and have not recovered much since the screen shot above now indicating a 97 point decline….


7 Charts Indicate Why Europe is Doomed

  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 perspective as to how severe the…


Grexit Worse than Lehman per Mexico’s Central Bankster Ortiz

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 than the 2008 credit crunch, dry…


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