Tonight there are multiple stories about Greece. In short, this is the tipping point for Greece. It would be best for Greece to break now and default, keep getting their house in order, and not taxing their economy into oblivion just to pay bankers interest. Now is the time to get your foreign currency inflows from the summer travel season. Best to start using the Drachma now as apposed to later.
Keep an eye on what happens here. As Greece falls the dominoes will all start to teeter and Portugal will be close behind with Italy and Spain bringing up the rear. This is when the bad news starts for the United States. After there are no more bad examples to blame things on in Euroland, our debt will become the focus of the world and interest rates will rise just like Greece maybe faster as we are in far worse shape than Greece ever was. This folks will be the end. If the United States interest rates hit 10% it will be mathematically impossible to repay our debt. Buy your gold and silver now while you still can, this is not going to end well for anyone, be prepared!
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