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Tag: debt default

“We Have Come To The End Of The Road” – Greece Prepares For Default, FT Reports

Update: as always is the case in Europe, nothing is confirmed until it is officially denied by officials, so here you go:GREEK GOVT OFFICIAL DENIES FT REPORT GREECE PLANNING DEFAULT There was no explanation from the government official where Greece would get the €2.5 billion it needs to fund upcoming IMF interest and principal payments. * * * It should hardly come as a surprise that after[...]

The Endless Hopelessness of a Crushing Debt Contraction – and What to Do About It

Only mass default will end the world's addiction to debt ... As global debt rises off the scale, creditors stand to take a huge hit in a threatened tsunami of defaults. – UK Telegraph Dominant Social Theme: This will end badly as it has to. Free-Market Analysis: This is another one of those hopeless articles that the mainstream media specializes in. There's nothing about it that provides any[...]

The Latest Country to Defy the Banksters – Will a Stampede Eventually Follow?

Resistance to Banker Rule Spreads As we’ve discussed before, the bankers have need of keeping the dream of Eurasia from becoming a reality. It is the thing which they pull out all the stops to prevent. Many countries in the recent past, especially those in the Middle East, or in Europe’e periphery, who’ve dared to assert their own interests, have been put down in the most gruesome ways.[...]

Big Bang is Clearly in Play – Dominoes Starting to Fall in Debt Markets

by Martin Armstrong Armstrong Economics Just in case if you have not seen this, Big Bang is clearly in play. The dominoes are starting to fall! Obviously, bearish for the Euro broader-term, but will be interesting to see how the peripheral debt trades tomorrow. The ECB Press release emerged on a waiver of collateral regarding Greek Bonds. The Governing Council of the European Central Bank (ECB) [...]