*************** BREAKING NEWS – URGENT ******************
There will be NO DEAL between Greece and its European Creditors; NO DEAL, NO BAILOUT, NO ADDITIONAL ECB LIQUIDITY
Businesses and Banks within Greece have already been told to immediately commence a currency switch to the soon-to-be-re-issued Greek Drachma and, accidentally, some merchants have already begun invoicing customers in the new Drachma currency! This Invoicing in Drachmas has been CONFIRMED by Bloomberg Business News and their coverage can be seen HERE: http://www.bloomberg.com/news/articles/2015-07-09/first-sighting-of-drachma-in-the-wild-via-credit-card-mystery
Once the Eurozone officially announces NO DEAL, Greece will exit the European Union, RENOUNCE and REPUDIATE ITS DEBTS, and will begin a series of deliberate DEFAULTS on External Bonds delineated in Euros!
This will absolutely, positively trigger Credit Default Swaps, triggering the immediate failure of several large banks in Europe and perhaps even in the United States.
This is a done deal. Everything taking place now – allegedly some new plan and hope for a third bailout — is all theater. The decisions have already been made and the banks and businesses are already switching to what will be the new Drachma.
Those of you with investments in banks, hedge funds, Mutual Funds and the like have until TOMORROW (Friday) to do what it takes to preserve your wealth because on Sunday, the game is over. When Monday morning comes, and markets open, it will be financial destruction as markets tank over this disastrous Greece Exit.
Not only bloomberg reporting this:
Long-feared drachma currency appears in the wild
It’s quietly waiting behind the scenes.
It has been sighted: the first wild drachma.
The Greek currency hasn’t been seen since the nation moved over to the Euro in 2002, but a Bloomberg reporterspotted one of the first sightings on her hotel bill that posted July 4. The bill from a Hilton hotel in Athens listed her total sum in “Drachma EQ.”
Greece has been floundering as it tries to work out a dealfor more financing in exchange for renewed austerity and economic reforms. The euro still officially remains the nation’s official currency, and Eurozone leaders and Greek officials have been battling for six months to avoid such a currency changeover.
http://fortune.com/2015/07/09/greek-drachma-currency-appears/
What the new Greek drachma would be worth
http://fortune.com/2015/07/06/greek-drachma-conversion-euro/
SJ