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Author Topic: Greece: The ultimate doomsday scenario  (Read 2455 times)

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OzHippy

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Greece: The ultimate doomsday scenario
« on: June 18, 2015, 06:39:20 am »


Greece: The ultimate doomsday scenariohttp://money.cnn.com/2015/06/17/news/economy/greece-doomsday-central-bank/index.html


When individuals, companies and even countries start to go under it is a sure sign of imminent global disaster.  There are a number of countries on imminent collapse. 
The biggest economies like US, China, Japan, Germany are only holding on with printed money and zero to negative interest rates.  We will soon see if Greece defaults on debt.  13 days to end of month.







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SuperMario

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Re: Greece: The ultimate doomsday scenario
« Reply #1 on: June 18, 2015, 07:20:02 am »

I actually read a book a few years ago , it wasnt fiction it was more of a dissection of world events at the time and a prognosis of what the future could be ... and it clearly stated greece would default , then would nationalize foreign assets ( primarily German ) and then shortly after Germany would invade ....

weird !
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crazycatlady

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Re: Greece: The ultimate doomsday scenario
« Reply #2 on: June 18, 2015, 11:12:30 am »

If Greece starts a domino effect of other countries defaulting (like the Iceland scenario) look for major powers to use military conflict to stimulate their economy as well as keeping their population under control.
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Offgrid

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Re: Greece: The ultimate doomsday scenario
« Reply #3 on: June 19, 2015, 07:11:49 pm »

I see it differently. Greece has one ginormous underground economy. They also want government the pay their way. Nobody pays any taxes over there....those other countries, do.
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OzHippy

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Re: Greece: The ultimate doomsday scenario
« Reply #4 on: June 19, 2015, 07:20:48 pm »


Good to see lots of new members.

Yes Greece has very poor tax collection - that is a major issue.  But also have high number of gov employees and they retire at 54 with good pensions, and high welfare recipients.  That sector of the economy is where the voters are and they want to keep the social benefits, and head butt into austerity measures. It is going to end badly. 
Spain and other now have anti-austerity parties - if Greece is given leniency the rest of them will wan the same, so IMF and ECB are caught between a rock and a hard place.


   
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Offgrid

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Re: Greece: The ultimate doomsday scenario
« Reply #5 on: June 19, 2015, 07:25:28 pm »

It's too bad for the Greek people...and no-one else. My own relatives (Italy) went through this. The Italian "economy" is still a joke...but less than it was before. This is where Greece is going. They are going to have to use all that untaxed currency they have buried in the yard.

Good to talk to you, matey....
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