Did someone fix Greece?

There is no explanation. Greece is still broke and collapsing. The market makes no sense whatsoever.

sorry that was me

They're not using the cross default clause to call Greece's Bonds until they see what's going to happen with the Referendum on Sunday, so the derivatives haven't blown up yet, and everything is in a holding pattern...

Oil has been down almost $4.50 since this shit started though, it's been hammered...

No Greece is not fixed. Greece owes more than they can ever repay. Every nation on the earth owes more than they can ever repay except for perhaps China, but they have issued over $25 trillion into their banking system to inflate their stock markets.

The problem is that central banks can issue non-secured credit without limit. Non-secured credit means they issue credit without having any real capital to do it. Essentially, it's like a printing press but it leaves behind the toxic waste of unpaid debt.

The only solution going forward is state issued currency, or non-interest bearing currency. That is when a sovereign nation issues currency directly circumnavigating the banking system. Of course the banks don't like that because they would all be out of business.

The danger with state issued currency is that it would be issued by political decree or decision, and politicians are not good accountants. Over time they would dilute the value of the currency they issue until it wasn't worth anything, hyperinflation in prices.

So, pick your poison, death by unpayable debt or death by hyperinflation of the currency. Either way the real problem is that the connected wealthy people who control banks or governments will abuse the issuance of the currency without regard for the people who actually make the economy work, the people.

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Wow. All those answers and no smart talk about my speeling.

Good job stockTards

i don't sea any air ors

Couldn't have said it better. Greece will never be "fixed" until system collapse and new honest system emerges. Now as to WHY the stock market is up I can only guess QE is at work.

People still have cash to put somewhere so they buy stocks when they go low if they think they will go back up (which they have slightly).

It's the old "Buy low, sell high and don't get caught on the slide".

When the slide comes nothing will stop it this time. There is no liquidity left.

So in your extremely educated opinion this scripture is of know use.

Mat_25:27 Thou oughtest therefore to have put my money to the exchangers, and then at my coming I should have received mine own with usury.