Myself, along with about 20 others predicted default back in March. Now I predict a NO vote and pure hell for the week and months ahead. I may try to buy some NBG at .30 IF it appears common won't get wiped out, but that is one TALL if.
Its true and it happens at midnight tonight, according to a slew of Greek blogs. The vote is going to be No obviously. The Greeks blew it, but so did Junker, the idiot. Lagarde as well.
I think the largest underpinning of Bank leverage model will be held to question.
Goldman instituted selling the worst of the Bonds/junk rates and insured them with CDSs. When the first wave of default started hitting, the banks led by Goldman declared it was a new definition of Default. 'voluntary default'.. essentially if Greece wasn't willing to borrow more, there existed no Default, no CDS payout.
The CDSs around the world total more than every form of fiat now existing, and the sales of those CDSs/// almost every dime was given to the sellers/employees of Banks that sold the Bonds as bonus. There is no set aside capital from the sale of the insurance CDSs.
So, we have a gamblers market in CDSs, and Banks holding CDSs with a marked value, to justify leverage.
What happens to FASB standards when these leverages are shown to not be of any real value, the FASB standards will have to change to accommodate 1.6 Quadrillion dollars of useless CDSs
They will vote NO in a majority Meanwhile , tonight, they do a bail in when nobody is watching.30% of pensioners money will be taken prior to the Ref.
You were ordered to stop responding directly to me Triumph , You are harassing me again! Reported to authorities,
Triumph, quit responding to my posts directly! You are making death threats to people and pretending to be non aggressive.Authorities see right through your charade.
Economy is collapsing now. 6 days of food left.No bank notes by Monday.Huge signs now all over Greece saying No means No to Austerity The one that is so famous now is the one showing Wolfgang Schnable teh German Finance Minister as a old vampire on the neck of Greece.The young are all for No, and now old people, easily fooled , are being told by Gov to vote No if they love Greece.
Now Wikileaks may release Goldman exec. emails that prove Goldman committed fraud.
Wow, pretty clear to me that Triumph acts out homoerotic fantasy-scapes aimed at a man named Ira. I wonder if Ira is annoyed by this irritating idiot Triumph.
Interesting . Isis kills Brits only in Tunisia,Then they aim their sites at Hamas, They destroy sacred Muslim sites in Syria and Iraq..Every action they do seems to support Netanyahoo's agenda.Not even one attempt at Israel.. and Nettie downplays Isis, saying they are nothing compared to the threat of Iran.Nettie has made no complaints about Isis terrorism in the US. It all raises serious eyebrows, The Likud party has some scary mindsets..
Douglas, it would behoove you to research Dr.Islam. http://www.ucalgary.ca/leca/people/post-doctoral-fellows/islam
His expertise in Heterogeneous catalysts is profound. He is second only to Gerhard Ertl in this field.
When it comes to FC technology, Islam's work was developed through the NSERC SOFC Strategic Research Network project, a cutting edge research center.
In my opinion, the real value is in Islam's mind. He is THE rock star in FC technology. Dr.Islam has created a much heralded microwave irradiation technique to deposit Cu and BaO nanoparticles on the Ni/YSZ anode of electrolyte-supported SOFC. In layman's terms, it means quicker , more effective result in anode preparation.Better than Pregnation.
Michael, read up on the ballot, how the votes are tallied, and then forecast. Its takes up to 30 days to tally the votes. No increase in emergency liquidity means businesses cannot pay for vendors,product,employees.
There will be huge rage against all politicians. Old ladies will die, people will starve,anger will need to be directed, and with the mayhem to follow, the markets will crash all July..Its coming
Bet you on this. MM's control stock price and neither side wanted a crash before the Ref.Monday, the banks are completely out of cash. Think Alexis knows Greek better than the EU do? Tsipras knows his people and since 25% of workers have allegiance to the Government, I hardly think he will lose a vote that can kill his career..EU will blink after the bailout is rejected.
Who forced you to read sherlock. You have to get away from your muddled thinking.
Greek voters won’t be able to cast absentee or postal votes. And they can only vote at the polling stations where they are registered, usually the town of their birth, unless they have made arrangements agead of time.
Having to travel to other regions to vote is putting further strain on finances in a country where one can only take out #$%$60 a day from an ATM. The No vote will obviously triumph, despite the IMF campaign in the media.