Their credibility expired years ago, and somehow I doubt that a "wealth manager" in a comfy US office really knows what's going to happen the day after Greek elections.

but they do which to promote a agenda and it is always good to get a glimpse of their agenda

This guy's comments about it being June 18th doesn't pass the smell test. Maybe this guy graduated form the Donald Trump charm school.

Greece may or may not leave the Euro, but it won't be June 18.

The ECB will not cut-off Euros to Greece without bothering to see what government forms or what it proposes.

This guy is obviously a moron or seeks to benefit from lying.

what he said about the banks closing and taking all the people's money
like they did in Argentina

was pretty frightening

Austerity in terms of government spending. That's how I understood it.

In fact, right from the Wiki page- "In economics, austerity refers to a policy of deficit-cutting by lowering spending often via a reduction in the amount of benefits and public services provided."

Gamblers. The perps who Crashed The World's Economies.

But whenever criminals try to force other people to pay their debts, throughout history, they run into what should have been an obvious problem, the little people don't like paying with their pensions and HC and taxes for the bonuses and extreme, luxurious lifestyles of these gamblers.

Iceland was right to prosecute those who actually were responsible for the Meltdown.

The rich are not very smart, just greedy so they always, always make the same mistakes. Not satisfied with the billions they accumulate without really contributing much to society, (unlike firemen and teachers eg) they can't stop hoarding money, and taking what little the poor have is not a moral issue for them.

Now there is no more to take, plus this time they imposed their 'austerity' programs on First World Countries and hopefully they went too far and the world will recover and as we are hearing now in France, will end these policies and focus on NOT saving the rich but in Growth, for the PEOPLE.

After the financial crisis and collapse, which was brought about by excess private sector debt creation (profligate banks), toxic private debts were transferred on to sovereign balance sheets in the U.S. and abroad.

In the U.S. we "printed" trillions to cover the bad debts and then we stimulated our economy through tax cuts and public sector spending. In other words, we ran a large government deficit to balance the debt deleveraging which was occurring the private sector. We've managed to avoid disaster, but just barely since these moves were insufficient and nothing was done to rein in the banks which means they remain the biggest beneficiaries.

Eurozone member states like Greece cannot take these necessary actions to stabilize their economies because they are not sovereign in their currencies and must compete for financing in the broken capital markets or cut bad deals for Troika bailouts, which end up flowing out of the Greek economy and back to the Troika within days. In exchange for the loans which basically go directly into the pockets of the bondholders, creditors have demanded severe cuts to public sector spending and tax increases which have hit the people very hard. As a result, Greece is now trapped in a deflationary spiral.

Haven't we been over this many times now? Remember when you told me Europe was a better credit risk than the U.S.? I explained to you then why this was not true. I hope you listened.

exacerbating the downward spiral. How can one service ever increasing debt by reducing wages and laying off workers? Austerity was never the answer to Greece's problems and by pursuing it has made the problem many times worse.

Our Constitution gives to Congress the authority to print money.

Greece joined the Euro giving its authority to simply print money to its economic rivals in the region.

A nation divided . . . .

A Europe divided . . . . destroys its weakest members.

Assuming that the problem in Greece actually is failure to pay taxes, a centralized European government would probably have a centralized European tax authority. Taxes would be collected the same in every country.

The same goes for the banking system.

We could easily get into the same situation as Greece because many of the states are teetering on bankruptcy. California cannot raise taxes without a huge hullabaloo so we are cutting, cutting, cutting. That is called austerity, and it slows economic growth and imposes suffering on the poor.

If individual states are allowed to fall into bankruptcy, the US could have a serious problem.

He shifted the tax burden from Federal to local by slashing the Federal income tax then slashing in turn grants to state and local governments. Results:

Indiana lets United Airlines operate tax free eliminating the tax base of United and its employees from Illinois while only adding the tax base of the employees to Indiana. The combined states receive a net loss of the United Airlines tax base.

Illinois lets Boeing operate tax free elminating the tax base of Boeing and its employees from Washington while only adding the tax base of the empoyees to Illinois. The combined states receive a net loss of the Boeing tax base.

And so forth. We have this continually shrinking tax base, states fighting each other, etc.

Then who has to make up these lost tax bases? The people and small businesses. Which is one of the myriad reasons small business owners need to come to their senses and realize that the GOP is not out to help them. The GOP continually shifts the tax burden off of megacorps and onto the mom & pop's.

to bribe businesses to set up shop and employ taxable people inside their state is causing the near bankruptcy of states.

Our states suffer the same problem as European countries.

start over fresh. FUCK THE INTERNATIONAL BANKS/PIRATES

That would be the game plan in a sane world.

The Euro may very well break up. Pretty sure what Greece wants is to default and stay in the Euro.