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Why Greece Matters & The Greatest Depression Still Awaits

I'm sure that many of you could care less about what is happening 5000 miles away, and might find my updates and warnings over the last year or so about Greece boring and insignificant. But what if I told you that your tax dolla ...

Posted On May 07, 20104 MIN Read
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I'm sure that many of you could care less about what is happening 5000 miles away, and might find my updates and warnings over the last year or so about Greece boring and insignificant. But what if I told you that your tax dollars are now going to bail Greece out, and that in the coming days and weeks, it will not just be Greece, but that your tax dollars will also go towards bailing out Portugal and Spain, and ultimately the entire Eurozone as well?

I probably have your attention now....because this is exactly what just happening. Whether you live in the US, Canada, Norway, Australia, or another country that contributes to the IMF (International Monetary Fund) you just contributed to the $144 billion bailout of Greece. This deal should be called "Fleece" because markets around the world woke up to the fact that not only will $144 billion not be enough, but that the European Union (EU) just used all of the borrowing capacity that they had on a single country with just 11 million peo...

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