Greece has its printery prepared to start printing Greek Drachmas - so as to exit Euro.
http://www.dailyrecord.co.uk/news/uk-world-news/2012/05/19/santander-appeal-for-calm-as-they-are-hit-by-credit-downgrading-86908-23865187/
Here is excerpt from UK's Daily Record;
'Fears were fuelled by claims that banknote printers De La Rue have drawn up contingency plans to print drachmas in case the country pulls out of the euro.'
Today, Obama is meeting at Camp David, Maryland G-8 Summit with Greece & Spanish officials to discuss debt crisis. Yet our nations press is virtually silent!
Here is another report coming out of Spain - Source: Winnipeg Free Press - PRINT EDITION
http://www.winnipegfreepress.com/business/germans-in-sour-mood-heading-to-g8-summit-152136075.html
'Investors, fearful that Portugal, Ireland, Spain and Italy will follow Greece's path, would then pull their money out of those countries as well. That would likely be disastrous for the global economy, although it is so unprecedented that nobody really knows.'
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What's happening at Tilghman Rd & 50
ReplyDeleteAn imaginable collapse could happen soon because of these idiots running the world!
ReplyDeleteThe word is out , obamie will just print more money and give it to these needed nations. Problem solved , "look what I did , now re-elect me , I'm a hero."
ReplyDeletei've come to the conclusion that maryland may be the "armpit" of the country.
ReplyDeletethe dems who run this state are not educated in economics and are clueless as to how our state should be governed. the conservatives are constantly trying to show "a better way" to no avail.
maryland is being downgraded because we can't get our spending under control; not because we don't have enough money. we are being choked by unessesary regulations that hinder the growth of business and make "outsiders" NOT want to settle in maryland to conduct business. this is not going to change until our leadership changes. we must get our house in order.
there are states who have actually done well in the poor economy. check it out for yourself and ask why can't we do the same?
I can't help but to notice that these rating agencies always seem to wait until after the close of business on Friday nights. Just like the FDIC does when they move to close-up a bank.
ReplyDeleteI suppose they plan these events so as not to gain so much public attention, and thus minimize the public knowing about these events.
This is all because O'Malley is just an Obama clone. Spend, spend, spend and then tax, tax,tax.
ReplyDelete