8 Responses to Why the coming collapse of Greece will cause a financial doomsday

  1. Stephen says:

    Banks are just big fat, corrupt liars. By principle, they help economies grow by channeling funds to more productive activities. But with those greedy bankers at the helm, they’re feeding on all hard-earned blood and sweat money from small depositors. Let them eat all the money they want for their good old days are numbered. There’s karma to everything. Let them burn in hell.

  2. suz says:

    “Common sense is not so comon”
    Thanks for posting this….I will listen to Mark J. Grant.

  3. suz says:

    “There is only one way out of this mess and that is if Europe keeps handing Greece money like one does to some aged aunt that cannot support herself, but that is a family decision,” he wrote. But, he argues, “Greece requires 16 other family members to support her jointly and the politics in many of these nations, including Germany, is making it difficult for the charade to continue. There is only one way out of this mess and that is if Europe keeps handing Greece money like one does to some aged aunt that cannot support herself, but that is a family decision,”
    But, he argues, “Greece requires 16 other family members to support her jointly and the politics in many of these nations, including Germany, is making it difficult for the charade to continue.
    I don’t think the world is going to hell,” he said. “It’s very negative. What’s going on is serious. It will have a whole slew of negative consequences.” But he insisted, “I don’t think it’s going to get to the 1930s.” … Grant

    More likely, he said, we are headed for a bad recession with lots “of shocks to the system.” He says this will likely happen in the next four months unless “there is debt forgiveness or Europe keeps handing them money like they are a ward of the state.”

    “Or,” he warned, “it could come sooner.”

  4. Bryan says:

    just curious knowing this is coming, I don’t understand how we had another major bad day yesterday but already we are in the positives again, don’t investors here in North America get it? is this going to be a gradual trend up and down up and down til it really hits?

    • Drew from Oz. says:

      Yes, but people are still able to make money in this scenario. Buy shares when down, sell when they rise a little. Wait till they drop, then buy again. If you are smart AND lucky, you can do well. If your job consists solely of buying/selling shares, then this is all you can do.
      Either there will be one big drop, or there will be many small ones. Folks made money in shares during the great depression. they just had to buy and sell the right stocks at the right time.

      • streams13 says:

        You raise an interesting question, Bryan. Is this going to be up and down and up and down. I have noticed in several economic articles lately that the situation in Europe is likened to a “slow train wreck” —sort of like watching it in slow motion. It will be interesting to see how it plays out…

  5. Dennis E. says:

    With the recent postings in the last week regarding the world economic system it is enough
    to drive a sane person insane. I wonder sometimes if they issue these reports just to create
    anxiety and anguish. Of course it is going to happen, but I believe it is going to happen in waves as has been written in reports on the internet.
    It is like we are watching several processes unraveling to a condition(s). Economic, Social and Goverment. It is possible it is driving some people to think about suicide, to escape all these issues.
    How often is there any positive news? Very little, oh! a cat that found its family after being lost for two years. Kings and Queens of Drama, nearly out do some of my co-workers.

    Just my opinion……….

  6. niebo says:

    “Welcome to Doomsday, brought to you by Grant”? As though he started the financial crisis, or suggested the shady means by which it has come, rather than be one of the (oh, how many?) four financial “gurus” on the entire planet who are honest enough to tell the world that (though I hate to mix metaphors with cliche’s) the emperor has no clothes, that the rats are vacating the ship, or that, during his long-duration rainstorm, the animals are “pairing up”…. That his “matter-of-factness” is of note only proves the extent to which we (as a species) like our frauds, lies, and falsehoods delivered by soothsayers, who pat our heads while they pick our pockets. Grant has nothing to sell, no agenda, apparently, aside from the truth, and, though he delivers the facts with a roundhouse swing of a double-bit axe, the tree is dead; he merely chops it down. God bless him!

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