Armstrong and Downs from Capital Hill
Russia and Cairo.,,,,,dropping the dollar………………
And just think three years ago,, Egypt was in the pocket of the USA……..
Yes J …OOTB. Al-sisi ain’t the puppet the US wants and Putin gets the red carpet treatment.
Superb discussion including Alasdair Macleod discussing Russian and Chinese gold owning a financial nuclear weapon. 31 mins into discussion Is Denmark the next domino to fall re abandoning its Euro peg?
testing one two three…
I think the Greek exit is liable first.
There are many comments from different commentators…..e.g. even Bill HYolter:
http://www.silverdoctors.com/harvey-organ-grexit-derivatives-bomb-to-bring-down-the-banksters/
It is clear there is a derivatives problem out there, although the bottom line is disputable .
Having recently been in Athens (when it was snowing, of all things!) I was surprised at being able to buy things in dollars directly instead of changing into euros.
I suspect Greece may not print drachmas if/when it drops out of the EU, but rather it is possible that the US dollar may be a favored currency being used by everyday greeks. At the government level it appears that default will be the way of most debts, but who knows?
ANOTHER JPM……..BANKER KILLS HIMSELF, BUT FIRST STRANGLES HIS WIFE,,,,,,like who makes these things up…….Sinclair.