Bloomberg News says Greece will have 46 hours to jump start their currency this coming weekend.
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Greece may have only a 46-hour window
of opportunity should it need to plot a route out of the euro.
That’s how much time the country’s leaders would probably
have to enact any departure from the single currency while
global markets are largely closed, from the end of trading in
New York on a Friday to Monday’s market opening in Wellington,
New Zealand, based on a synthesis of euro-exit scenarios from 21
economists, analysts and academics.
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Over the two days, leaders would have to calm civil unrest
while managing a potential sovereign default, planning a new
currency, recapitalizing the banks, stemming the outflow of
capital and seeking a way to pay bills once the bailout lifeline
is cut. The risk is that the task would overwhelm any new
government in a country that has had to be rescued twice since
2010 because it couldn’t manage its public finances.
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The Schteveo News Service is going to cash out it's Savings Account Friday afternoon. And if we don't have a SHTF scenario before Monday morning, I'll see what the World Economy looks like, then I might even get it back in there, later next week.
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As previously proven in here, I'm a notoriously hyper vigilant PITA, but I suggest you NOT leave home without cash, starting Friday Morning. That Debit Card / ATM Card you use daily for coffee, bagels, bread, milk and toilet paper might be a piece of BS plastic by Saturday Morning. Saturday morning hell!
If the Greeks are going to jump out of the EU, they'll start 5 minutes after Wall Street closes for the weekend. Meaning our finances could get 'hinky' also along with theirs.
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I just wish I had money to buy gold and silver right now. If the EU falls apart, those metals could sky rocket.
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Schteveo
12 comments:
In some ways I hope you are right, it might mean hitting the big red RESET button for our country...
on the other hand though, since "they" have so many devices already set in place to acquire any last visages of wealth & property we may have held-on to, it would more likely be the trigger to usher-in their much-hyped & anticipated new world order.
I have always been a firm believer in the old adage, "cash is king". Yes, i did blow a chance to buy gold at $600. per oz, but that's spilled milk. Now, i have food in the house and plenty of fresh ammo, so bring it on.
As for Greece and the rest of the EU, i say, FCUK 'EM! Enjoy your socialism.
In Greece how do you separate the men from the boys.
With a crowbar, natch.
Personally, I'll be watching and giggling. Just another demonstration of socialist economics.
The greasy little cocksukers
I don't think the dominoes will fall that quickly. It's only Greece (for now) and I think the fecal matter will wait until post election here before being propelled worldwide.
I don't think the dominoes will fall that quickly. It's only Greece (for now) and I think the fecal matter will wait until post election here before being propelled worldwide.
But I repeat myself
Sorry, meant butt bangers
"I just wish I had money to buy gold and silver right now."
and lead...
In the end, it's the lead that'll save you!
Tim,
I'm still buying lead!
Believe it or not, I just stumbled upon 200 rounds of 7.62x39 and 100 rounds of 9mm, that I forgot I bought. I thought I had all my stuff in ammo cans, but I was digging in my closet for something, and there was this heavy ass box behind the shoes.
Ammo.
Mrs. Schteveo is a little mad that I need another ammo box. She'll get over it, I expect, when I spring a .12 gauge, semi-auto on her. She saw one on 'American Guns' and yelled, "...THAT's WHAT I WANT!" I'd feel better having her here with a shotgun too, truth be told. She'll be able to hit something (someone) easier with that .12 Gauge than she will with the SKS.
She doesn't even know I've got enough cash stashed for a decent model for her. I'm going to put off buying the .22 pistol I was looking at to get her the shotgun. And, obviously, now I'll need an ammo box for her shotgun shells.
It never ends!
I also found a Gun Club nearby thsat just opened it's memberships too. It's $20 per day for a day pass. It's $140 for a YEAR! And guess pay $15 a day with a member.
Anyway...WTH were we talkking about? Oh yeah.
I still think the EU will drag us down, and soner than later, I hate to say. They're about to do to us, what we did to them in 1929!
That's IM-not-so-HO.
Not us Steve, since the first stimulus worked so FUKKING IMPRESSIVELY, obama is planning on another one. That should just about make all of us millionaires.
We own a MuddaFukkin roll boiz. Lets get this CHANGE SHIT moving. Da Ho need sum mo Air Jordans.
BUYing lead???
my reloading press is currently mounted in a very portable manner & my boolit molds are always ready to throw in the the same box.
If it comes to needing lead, there may be a lot of local cars with out-of-balance wheels...
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