Greece Votes No; US Stock Futures Dive

Greek voters have voted NO to a deal with the the EuroGroup. More than 60% of voters voted against a referendum which would have given approval to an earlier proposal from Eurozone banksters that would have included higher taxes in Greece and cuts in Greek government pensions.

In other words, the Greeks have chosen the pain that will come from rule by a clueless radical left government to bankster austerity pain.

No one, of course, has promoted the idea of default with a move toward less government regulation/oppressionof any kind, which would give the Greek economy a chance to breathe.

Lefties around the world, including in the US are celebrating:

I applaud the people of Greece for saying ‘no' to more austerity for the the poor, the children, the sick and the elderly.

— Bernie Sanders (@BernieSanders) July 5, 2015

Solidarity to the #Greek workers who just overwhelmingly rejected #austerity with a massive 61% no vote #OXI pic.twitter.com/qxEk94ruhY

— Vote Sawant (@VoteSawant) July 5, 2015

Stock markets around the globe are diving. In early trading on futures markets, the German stock market is down 0.5%, the US stock market is down 1.5%. I consider the diving markets to be a major trading opportunity. More on this in the EPJ Daily Alert.

-RW