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Just In!!! S&P Says Greek Default is Imminent!!!

 
NUTRAMAC

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01/16/2012 12:23 PM
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Re: Just In!!! S&P Says Greek Default is Imminent!!!
Metals are one big pump&dump, get money out of banks, into various cash currencies, IE...Norway, China, Canada,
 Quoting: QuinEtiam



What are you going to do with that paper money once banks no longer exist?

What are you going to do with all that paper when they're respective values fall to below what the paper the currency is printed on, is worth?

Metals have never lost their intrinsic value in over 5000 years. Do your history research man. Geees...

Nick®
 Quoting: Nickadeemus


nvnjw.jbbbmsdajknvnjw.jbbbmsdajknvnjw.jbbbmsdajk
One of the biggest tragedies of human civilization is the precedence of chemical therapy over nutrition. It's the substitution of artificial therapy over natural, of poisons over food, in which we are feeding people poisons trying to correct the reactions of starvation." Dr. Royal Lee, 1935
Philligan
in rainbows

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01/16/2012 12:24 PM

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Re: Just In!!! S&P Says Greek Default is Imminent!!!
Just saw this too Nick, funny how the market doesn't even care about headlines anymore. Ignorance is bliss
everything in its right place
Revbo™
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01/16/2012 12:24 PM

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Re: Just In!!! S&P Says Greek Default is Imminent!!!
Greek Default is Imminent!!! Really? It has been imminent for months now. I'll bet it will be imminent this summer also.
 Quoting: Anonymous Coward 1601759


Good point. Who would have thought they would have 400% bonds and still be hanging on? By July, if it's not mercifully over yet, they'll be at 4000%.

Last Edited by Revbo™ on 01/16/2012 12:24 PM
Rev. 21:4 He will wipe every tear from their eyes. There will be no more death or mourning or crying or pain, for the old order of things has passed away.
NUTRAMAC

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01/16/2012 12:24 PM
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Re: Just In!!! S&P Says Greek Default is Imminent!!!
Greek Default is Imminent!!! Really? It has been imminent for months now. I'll bet it will be imminent this summer also.
 Quoting: Anonymous Coward 1601759


trooooolllsprayy
One of the biggest tragedies of human civilization is the precedence of chemical therapy over nutrition. It's the substitution of artificial therapy over natural, of poisons over food, in which we are feeding people poisons trying to correct the reactions of starvation." Dr. Royal Lee, 1935
Nickadeemus (OP)

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01/16/2012 12:24 PM
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Re: Just In!!! S&P Says Greek Default is Imminent!!!
It is the first dominoe has been since summer. They have delayed its default as long as they could. The Euro will collapse, it will cross the pond and collapse the U.S. we are 650 trillion invested in derivatives wordwide. Get your money out of the bank and markets. Buy tangible goods for survival and barter. When austerity hits the U.S. full force and the entitlement checks stop coming the shit will hit the fan. If you fail to see the obvious and do not take proper precautions for the collapse of empire then you have only yourself to blame. GOOD LUCK
 Quoting: smokahontas



^^ Someone is on the dead on! Good to see you Smokahontas.

Nick®
Pure Life; Get it on...
QuinEtiam

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01/16/2012 12:24 PM
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Re: Just In!!! S&P Says Greek Default is Imminent!!!
You won't be able to buy a sack of potatoes with your worthless Gold and Silver. Get cash now, ride it out then get ready to buy lots of stuff before it all goes down.
It only hurts for a minute
Frater

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01/16/2012 12:25 PM

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Re: Just In!!! S&P Says Greek Default is Imminent!!!
Yes Fuckhead, out of electronic form and into CASH.
 Quoting: QuinEtiam


cash is shit! metals metals metals.
you mad bro
 Quoting: NUTRAMAC


True but I'm still hording a couple grand cash under the mattress and a shitload of silver rounds.
LVX!
Janie SmithModerator
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01/16/2012 12:25 PM

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Re: Just In!!! S&P Says Greek Default is Imminent!!!
Iceland was not part of the EU & had their own currency. They are also a culturally homogenous country & not prone to the violent civil uprisings we see in Greece.
 Quoting: Janie Smith


Also they wont be borrowing money from anyone for the next 20 years, and they have put all there budget plans on hold for the forseeable future.

No growth forcast for at least 6-10 years, and their currency cant buy foreign bean sprouts at the moment.

2006 60 Korna to the $
today 125 (and rising) to the $

And they still owe billions to Holland and the UK

whatever
 Quoting: Anonymous Coward 8951379


So what would you suggest?
Life is karma and karma always reflects both past and present circumstance. Our time here is short, so choose carefully and behave well, for all of your tomorrows are presently being decided.

"Don't die on a small cross..." Saddletramp's Mom

"A fool thinks himself to be wise, but a wise man knows himself to be a fool."
-- William Shakespeare, born April 23, 1564.

Killer Bunny mockingjay
smokahontas

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01/16/2012 12:26 PM

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Re: Just In!!! S&P Says Greek Default is Imminent!!!
It is par for the course, the sheep will believe it cant happen to them till it does...History repeats and the fool who doesnt know that deserves it.
"I may not agree with what you say, but I would defend to the death your right to say it." Voltaire

"Facts do not cease to exist just because they are ignored." Aldous Huxley
Nickadeemus (OP)

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01/16/2012 12:27 PM
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Re: Just In!!! S&P Says Greek Default is Imminent!!!
Greek Default is Imminent!!! Really? It has been imminent for months now. I'll bet it will be imminent this summer also.
 Quoting: Anonymous Coward 1601759


Good point. Who would have thought they would have 400% bonds and still be hanging on? By July, if it's not mercifully over yet, they'll be at 4000%.
 Quoting: Revbo™



chuckle

And still no bondholder haircut. We laugh. But it could happen. A great point Rev! Kinda comical too in a dark doomy kinda way.

Nick®
Pure Life; Get it on...
Anonymous Coward
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01/16/2012 12:28 PM
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Re: Just In!!! S&P Says Greek Default is Imminent!!!
The best thing they could do. Then they should withdraw from the EU. Defaulting and nationalizing vital industries worked wonders for Argentina. Let their own people decide how their country should be managed. Let them return to true democracy and a government that truly represents them. It will be a tough few years, but they will get through it if they do it right.
never96

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01/16/2012 12:28 PM
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Re: Just In!!! S&P Says Greek Default is Imminent!!!
World markets and the S&P Futures are up on this news!! They think QE3 is right around the corner...
NUTRAMAC

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01/16/2012 12:28 PM
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Re: Just In!!! S&P Says Greek Default is Imminent!!!
It is the first dominoe has been since summer. They have delayed its default as long as they could. The Euro will collapse, it will cross the pond and collapse the U.S. we are 650 trillion invested in derivatives wordwide. Get your money out of the bank and markets. Buy tangible goods for survival and barter. When austerity hits the U.S. full force and the entitlement checks stop coming the shit will hit the fan. If you fail to see the obvious and do not take proper precautions for the collapse of empire then you have only yourself to blame. GOOD LUCK
 Quoting: smokahontas



^^ Someone is on the dead on! Good to see you Smokahontas.

Nick®
 Quoting: Nickadeemus


thisthreaddelive
One of the biggest tragedies of human civilization is the precedence of chemical therapy over nutrition. It's the substitution of artificial therapy over natural, of poisons over food, in which we are feeding people poisons trying to correct the reactions of starvation." Dr. Royal Lee, 1935
Nickadeemus (OP)

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01/16/2012 12:29 PM
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Re: Just In!!! S&P Says Greek Default is Imminent!!!
Iceland was not part of the EU & had their own currency. They are also a culturally homogenous country & not prone to the violent civil uprisings we see in Greece.
 Quoting: Janie Smith


Also they wont be borrowing money from anyone for the next 20 years, and they have put all there budget plans on hold for the forseeable future.

No growth forcast for at least 6-10 years, and their currency cant buy foreign bean sprouts at the moment.

2006 60 Korna to the $
today 125 (and rising) to the $

And they still owe billions to Holland and the UK

whatever
 Quoting: Anonymous Coward 8951379


So what would you suggest?
 Quoting: Janie Smith


At least they're not debt slaves foisted into slavery so that the Rothschilds can suck the life out of their country. Go Iceland!!!



Nick®
Pure Life; Get it on...
Revbo™
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01/16/2012 12:29 PM

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Re: Just In!!! S&P Says Greek Default is Imminent!!!
Greek Default is Imminent!!! Really? It has been imminent for months now. I'll bet it will be imminent this summer also.
 Quoting: Anonymous Coward 1601759


Good point. Who would have thought they would have 400% bonds and still be hanging on? By July, if it's not mercifully over yet, they'll be at 4000%.
 Quoting: Revbo™



chuckle

And still no bondholder haircut. We laugh. But it could happen. A great point Rev! Kinda comical too in a dark doomy kinda way.

Nick®
 Quoting: Nickadeemus


Gallows humor is the only kind that still amuses me. Well, that and old Seinfeld.
Rev. 21:4 He will wipe every tear from their eyes. There will be no more death or mourning or crying or pain, for the old order of things has passed away.
Nickadeemus (OP)

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01/16/2012 12:29 PM
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Re: Just In!!! S&P Says Greek Default is Imminent!!!
It is the first dominoe has been since summer. They have delayed its default as long as they could. The Euro will collapse, it will cross the pond and collapse the U.S. we are 650 trillion invested in derivatives wordwide. Get your money out of the bank and markets. Buy tangible goods for survival and barter. When austerity hits the U.S. full force and the entitlement checks stop coming the shit will hit the fan. If you fail to see the obvious and do not take proper precautions for the collapse of empire then you have only yourself to blame. GOOD LUCK
 Quoting: smokahontas



^^ Someone is on the dead on! Good to see you Smokahontas.

Nick®
 Quoting: Nickadeemus


thisthreaddelive
 Quoting: NUTRAMAC



Thanks so much MAC. It means alot.

Nick®
Pure Life; Get it on...
NUTRAMAC

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01/16/2012 12:30 PM
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Re: Just In!!! S&P Says Greek Default is Imminent!!!

World markets and the S&P Futures are up on this news!! They think QE3 is right around the corner...





3456678990
One of the biggest tragedies of human civilization is the precedence of chemical therapy over nutrition. It's the substitution of artificial therapy over natural, of poisons over food, in which we are feeding people poisons trying to correct the reactions of starvation." Dr. Royal Lee, 1935
Janie SmithModerator
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01/16/2012 12:31 PM

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Re: Just In!!! S&P Says Greek Default is Imminent!!!
World markets and the S&P Futures are up on this news!! They think QE3 is right around the corner...
 Quoting: never96


... and I wonder why they think QE3 is such damn happy news?? Yeah, that's what we need, more stinkin' debt. The US already borrows 40 cents of every dollar it spends. If I ran my household that way, we would be living in a 5th wheel or whatever those campers are called.
Life is karma and karma always reflects both past and present circumstance. Our time here is short, so choose carefully and behave well, for all of your tomorrows are presently being decided.

"Don't die on a small cross..." Saddletramp's Mom

"A fool thinks himself to be wise, but a wise man knows himself to be a fool."
-- William Shakespeare, born April 23, 1564.

Killer Bunny mockingjay
roadrunnerray

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01/16/2012 12:32 PM

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Re: Just In!!! S&P Says Greek Default is Imminent!!!
These guys are like the bad news effing bears. The S&P issues statement saying Greece is smoked.


[link to www.zerohedge.com]

Nick®
:nickbeer:
 Quoting: Nickadeemus


European markets shrugged off their debt down grades from the weekend and are now closed. I guess we will have to wait until tomorrow to see any fallout..........
Janie SmithModerator
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01/16/2012 12:33 PM

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Re: Just In!!! S&P Says Greek Default is Imminent!!!
Greek Default is Imminent!!! Really? It has been imminent for months now. I'll bet it will be imminent this summer also.
 Quoting: Anonymous Coward 1601759


Good point. Who would have thought they would have 400% bonds and still be hanging on? By July, if it's not mercifully over yet, they'll be at 4000%.
 Quoting: Revbo™



chuckle

And still no bondholder haircut. We laugh. But it could happen. A great point Rev! Kinda comical too in a dark doomy kinda way.

Nick®
 Quoting: Nickadeemus


Gallows humor is the only kind that still amuses me. Well, that and old Seinfeld.
 Quoting: Revbo™


Don't get me started. I just finished reading Lung's "Theatre of Hell".

:Your Kidding!!!!:
Life is karma and karma always reflects both past and present circumstance. Our time here is short, so choose carefully and behave well, for all of your tomorrows are presently being decided.

"Don't die on a small cross..." Saddletramp's Mom

"A fool thinks himself to be wise, but a wise man knows himself to be a fool."
-- William Shakespeare, born April 23, 1564.

Killer Bunny mockingjay
Revbo™
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01/16/2012 12:33 PM

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Re: Just In!!! S&P Says Greek Default is Imminent!!!
World markets and the S&P Futures are up on this news!! They think QE3 is right around the corner...
 Quoting: never96


... and I wonder why they think QE3 is such damn happy news?? Yeah, that's what we need, more stinkin' debt. The US already borrows 40 cents of every dollar it spends. If I ran my household that way, we would be living in a 5th wheel or whatever those campers are called.
 Quoting: Janie Smith


It's great news if you only care about yourself, and can't see past next week.
Rev. 21:4 He will wipe every tear from their eyes. There will be no more death or mourning or crying or pain, for the old order of things has passed away.
Anonymous Coward
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01/16/2012 12:34 PM
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Re: Just In!!! S&P Says Greek Default is Imminent!!!
Amerika is next...
Anonymous Coward
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01/16/2012 12:35 PM
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Re: Just In!!! S&P Says Greek Default is Imminent!!!
For those of you who are completely bored and lost with the whole debt/default doomage...

When Greece finally does default...which will likely happen sometime between now and March. We will be entering into uncharted territory.

A full 100% write down of a large ...yes large...don't believe MSM. Western Economy will cause ripple effects across the globe.

This will likely trigger Credit Default Swaps (CDS) which have been written against said debt....This is the moment we've all been dreading, how big is the derivative exposure and what will it mean once its triggered.

If this isn't enough we now have Sovereign moral hazard. If Greece does it..everyone else will do it

Portugal will soon follow, Ireland next and then it gets real nasty Spain and Italy follow...The world economy will truly be at risk

This is why World financial crisis is really the only DOOM worth discussing as it is here and it is real

and it will HAPPEN.

Whatever fear induced bump we see here in the States will be short lived as a dead Eurozone, dead Japan and smashed China will quickly spillover into our economy
Nickadeemus (OP)

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01/16/2012 12:36 PM
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Re: Just In!!! S&P Says Greek Default is Imminent!!!
World markets and the S&P Futures are up on this news!! They think QE3 is right around the corner...
 Quoting: never96


... and I wonder why they think QE3 is such damn happy news?? Yeah, that's what we need, more stinkin' debt. The US already borrows 40 cents of every dollar it spends. If I ran my household that way, we would be living in a 5th wheel or whatever those campers are called.
 Quoting: Janie Smith



Even though I pretty much have an understanding of what's going on (granted the understanding is as clear as a piece of burnt toast swallowed by a raven), it still pisses me off a little that the markets and everything else seemingly have de-coupled from reality. I don't know why it gets on my nerves so badly; but it does.

Nick®
Pure Life; Get it on...
Janie SmithModerator
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01/16/2012 12:36 PM

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Re: Just In!!! S&P Says Greek Default is Imminent!!!
World markets and the S&P Futures are up on this news!! They think QE3 is right around the corner...
 Quoting: never96


... and I wonder why they think QE3 is such damn happy news?? Yeah, that's what we need, more stinkin' debt. The US already borrows 40 cents of every dollar it spends. If I ran my household that way, we would be living in a 5th wheel or whatever those campers are called.
 Quoting: Janie Smith


It's great news if you only care about yourself, and can't see past next week.
 Quoting: Revbo™


The only thing logical about the futures uptick is the likely uptick in inflation QE3 will usher in. Maybe folks desperate to look for some protection in their currency values? Would rather look to tangibles myself.
Life is karma and karma always reflects both past and present circumstance. Our time here is short, so choose carefully and behave well, for all of your tomorrows are presently being decided.

"Don't die on a small cross..." Saddletramp's Mom

"A fool thinks himself to be wise, but a wise man knows himself to be a fool."
-- William Shakespeare, born April 23, 1564.

Killer Bunny mockingjay
Anonymous Coward
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01/16/2012 12:37 PM
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Re: Just In!!! S&P Says Greek Default is Imminent!!!
Anarchy & chaos are likely. As for the elderly, families will have to become cohesive untits again. There will first be a massive devaluation nad then massive inflation, especially for those goods not produced in country.
 Quoting: Janie Smith

As a pensioner myself I have a considerable interest in this. It's OK talking about families having to be 'cohesive units'. Not everyone HAS a family. Quite simply if peoples pensions are withdrawn the only way many could survive is on food rations. In fact should there be hyperinflation, even many with jobs would be in this position.
QuinEtiam

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01/16/2012 12:37 PM
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Re: Just In!!! S&P Says Greek Default is Imminent!!!
Big War is the only way out, always has been.
It only hurts for a minute
smokahontas

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01/16/2012 12:38 PM

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Re: Just In!!! S&P Says Greek Default is Imminent!!!
The power elite is desperate to keep the staus quo..them staying in power and stupid rich. They control the media, the markets, the politicians, and the money. If you try to think like a scociopath and a greedy bastard you can almost predict what they will do next.
My guess is...War with Iran, Oil price skyrocket, the collapse of the dollar and euro, One world currency via the end of our status as world reserve currency, a false flag attack, Martial law declared before the 2012 election.
Just to name a few. The boob tube brainwashed public will be instead glued to american idol and will not know how bad it is until the cable goes out and they are forced abruptly into the real world.
FEMA camp will offer Cable, Internet, 3 hots and a cot, and Prescriptions filled. The sheep will line up to get in like it is target on black friday!
"I may not agree with what you say, but I would defend to the death your right to say it." Voltaire

"Facts do not cease to exist just because they are ignored." Aldous Huxley
Anonymous Coward
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01/16/2012 12:39 PM
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Re: Just In!!! S&P Says Greek Default is Imminent!!!
This will likely trigger Credit Default Swaps (CDS) which have been written against said debt....This is the moment we've all been dreading, how big is the derivative exposure and what will it mean once its triggered.

If this isn't enough we now have Sovereign moral hazard. If Greece does it..everyone else will do it

 Quoting: Anonymous Coward 1255823


So the rest of us average people should just live in fear and cower in the power of the mega banks who have created all this nightmare to make obscene profits from ever increasing leverage?

That leverage will strangle whatever life is left in the global economy eventually. We need a reset, reboot the system if you will and the banks are gonna have to eat the crap sandwiches they made.
thinkingoutsidetherho​mbus

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01/16/2012 12:40 PM
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Re: Just In!!! S&P Says Greek Default is Imminent!!!
Greek Default is Imminent!!! Really? It has been imminent for months now. I'll bet it will be imminent this summer also.
 Quoting: Anonymous Coward 1601759


Good point. Who would have thought they would have 400% bonds and still be hanging on? By July, if it's not mercifully over yet, they'll be at 4000%.
 Quoting: Revbo™



chuckle

And still no bondholder haircut. We laugh. But it could happen. A great point Rev! Kinda comical too in a dark doomy kinda way.

Nick®
 Quoting: Nickadeemus


Gallows humor is the only kind that still amuses me. Well, that and old Seinfeld.
 Quoting: Revbo™


Puffy shirt was on the other day...never fails to make me chuckle.

banana2
I don't know where you get your delusions, laser brain.

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