Posted by rahrens_1 on June 22nd 2012
How Greece Is Not Fixed
See below for a link to pictures of Crete farmers donating food to the people of Athens. The reality is Greece continues to fall apart… See link here.
Archive for the Tag 'Greece'
Posted by rahrens_1 on June 13th 2012
Greek Bank Run Is Moving From A Walk To A Trot
Seems as the election get closer withdrawals are approaching $1 billion/day. Basically a slow motion bank run. See link here.
Posted by rahrens_1 on May 24th 2012
Greek Exit Date Via Citicorp – Jan. 1st 2013
Well Citi is putting out Jan. 1st 2013 as the Greek exit date. I guess Jan. 2nd 2013 is when we should expect a big gold jump… See article here.
Posted by rahrens_1 on May 15th 2012
Greek GDP Drops 6.2% In Q1
It would seem Greece was in serious depression territory before the election. January – March 2012 GDP dropped 6.2%. See article here.
Posted by rahrens_1 on April 05th 2012
Rick Rule And Eric Sprott Interview By James West
A great interview by James West of Rick Rule and Eric Sprott. They cover everything from Greece to gold and silver. Rick notes from a credit analyst perspective he’d never want to own US debt. See full video clip here.
Posted by rahrens_1 on February 15th 2012
Nigel Farage Says Greeks With Assets Buying Guns
Below is a great read from Nigel Farage. Contacts of his in Greece say those with assets are buying rifles to protect their property. He see’s revolution coming soon… Full article here.
Posted by rahrens_1 on December 22nd 2011
Greek Deputy Prime Minister Can’t Afford Real Estate Tax
So let’s get this straight, one of the main guys, who’s government he helped create this new real estate can’t afford to pay the tax. Apparently the tax bill tacked on to everyone’s electricity bill come out to about $9700. So much for foresight! See full article here.
Posted by rahrens_1 on November 01st 2011
Mr. Papandreou Is Off The Reservation
Warning, extreme cynicism ahead… Well it would appear that Mr. Papandreou has gone decided to go off the reservation and go rouge. And what is gold doing, down $29/oz of course, isn’t that what’s supposed to happen when risk increases? I could have swore someone told me gold was a hedge against political uncertainty, hummmm, [...]
Posted by rahrens_1 on September 21st 2011
New Greek Austerity Measures Out
So Greece, in an attempt to pull austerity from the future to the present, Greece has announce the impact. Surprise surprise, they went right after entitlements. If your pension is over $1200/month euros, the portion above $1200 will be cut by 20%. If your pension kicks in at 55 it’s cut by 40%. The minimum [...]
Posted by rahrens_1 on September 13th 2011
Hasn’t Greece Already Defaulted?
Everyone talks about when Greece will default but if you’re only paying salaries and pensions and effectively freezing all other payments haven’t you already defaulted? According to the article below Greece is effectively only paying government salaries and pensions. Last time I checked if I stopped paying my mortgage but met my credit card payments [...]
