Graham Summers: All Eyes on Greece!

Greek Army Threatens Military Coup Sparking Fears Of Civil War Breaking Out All Across Europe!

• Looks like ‘Greece Lightning’ may strike. The world financial markets will be in great turmoil if the Greeks vote: NO. Will this be the event that bring the entire Eurozone house of cards down? Will it spread to the rest of the PIIGS? Will this spread to UK, Japan and finally to America? It is this Armageddon scenario which scares the living daylights out of all who understands. The wildcard appearing on the scene is China. Will the Illuminists allow China to interfere / intervene and build influence/power in the Eurozone? I don’t think so. It appears the Illuminists are not ready to pull the plug just yet. So, this will likely drag on for another quarter.
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  Graham Summers: All Eyes on Greece
  Phoenix Capital Research, http://www.zerohedge.com/ , 06/27/2011
  ….Tomorrow Greece’s parliament votes on whether or not to implement more “austerity”measures, also known as cutting social programs and raising taxes. Greek citizens, enraged that they keep picking up the tab for banks (both domestic and international) that made poor bets on Greece, will be implementing a series of strikes and riots.
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  However, the facts remain the same. The world is awash in garbage debt. The only reason the banks and others haven’t taken the “hit” that they NEED to take is because they’ve bought out the politicians. Put another way, we are seeing clearly that the two primary principles of the West (capitalism and democracy) have both become jokes: alleged “capitalists” like the banks don’t ever actually see losses for mistakes and “democratically elected” leaders are in fact owned outright by the banks via donations/ bribes.
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  Greece, while ultimately a small player in the global debt game, will set the course of the rest of the financial world this week. If Greece implements more austerity measures, that the “extend and pretend” game will continue a little longer, the Euro, stocks and commodities will rise, and the US Dollar will fall.
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  However, if Greece doesn’t pass more austerity measures, indicating that the bailout/ stimulus nonsense has hit a wall, expect a serious “risk off” move in which stocks, commodities, and the Euro to take a hit, and investors rush into the US Dollar.
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  However, this will not be a simple one-way street. The EU, and now China are both committed to helping the failed experiment of the Euro continue its death march. Yes, you read that correctly, China has committed to insuring that Eurozone debt holders don’t take a haircut. It’s even mentioned possibly buying European sovereign bonds outright.
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  … for the entire article click here!

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