Tiny Little Greece Could Trigger “Black Swan” Financial Event, and Politicians Are Doing Everything They Can to Stop It
Greece has been in the news a lot lately, and for good reason. Greece is running out of money. It appeared that February 28, 2015 would be their day of reckoning, but the Eurozone have now given Green an extra four months to pay their debts.
This is, of course, nothing but a stall tactic. Greece was not going to be able to pay back the debt on February 28 and they won’t be able to pay it back at the end of June either. All the EU has done is kick the can down the road.
It appears to be a foregone conclusion that Greece will at some point exit the EU. When this happens, it will spell the end of the Euro. There will be bank runs in Europe as citizens try to preserve their wealth.
Keep in mind, this is not just a European problem. It is an American problem, too. When the EU begins to fall apart and nations leave the Euro to reinstate their native currencies, the “Greek contagion” will quickly spread to the U.S. You will want to be holding gold and silver when that happens.
For more details about the financial impact of a Greece exit, see the video below.