Saturday, June 27, 2015

And the Greek ATM Lines Get Longer and Longer

Hours after the EuroGroup announced they would not extend further emergency funding to Greece, the size of bank lines in the country have grown rapidly.

Where the hell have these people been in recent months? Did they not know that the Greek financial structure was on the brink of collapse? 

Learn the lesson, wherever in the world you live: The global financial system is a gigantic shell game. When it proves in the interests for the banksters to pull the plug on parts, or all, of the system they will. And there is always the possibility the system can collapse on its own.

Be prepared. Sleep well tonight, stuff money in your mattress.


1 comment:

  1. I wonder how it would play out in America though? Our banks are insolvent, but the Fed can print however much money is needed to meet withdrawal demands.