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The Next Stage in the Global Monetary Crisis…
Tuesday, July 7, 2015 10:20
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by Bill Bonner
Acting Man
Damp Weather in England, Crashing Markets in China
London, England – Over the weekend… it rained!
As we predicted, the Greeks voted against their creditors’ conditions for further aid. When you ask a debtor if he’d prefer not to pay, what else would you expect?
And imagine what would happen if he had never gotten the money in the first place. When government elites borrow, the money rarely gets to the voters. Small wonder they don’t want to pay the bills.
So, Europe holds its breath, waiting to see what will happen next. We are sitting in the lounge at the Hilton Hotel in London, having just flown over from the U.S. An airport TV tells us “Markets Fall.”
Continue Reading at Acting-Man.com…
Source: http://financialsurvivalnetwork.com/2015/07/the-next-stage-in-the-global-monetary-crisis/?utm_source=rss&utm_medium=rss&utm_campaign=the-next-stage-in-the-global-monetary-crisis
