Six Days Until Greece Defaults

Things are starting to fall into place. We almost have another gold flag today. We may yet if gold turns positive by the end of the day. It is barely down.

Stocks are way down. Bonds are down hard. Dollar is tanking.

Gold is even. But oil is up.

In any case, this will all get much worse come Tuesday May 12, when Greece has to repay €775M to the IMF, but probably does not have the money to do so. According to Zerohedge, there will be no deal by Monday, May 11. Here ZH isn’t just speculating, but quoting a source. So they’re probably right here.

Further evidence for no deal by Monday is that Tsipras and his Syriza socialist wacknutters just reversed a measure passed by the previous government to fire 15,000 useless bureaucrats. They will now be rehired, because putting human robots on the payroll of a European backed bailout is the moral thing to do, I guess.

I’m sure the IMF will be really happy about this. You have no money but you hire 15,000 people to do nothing but shuffle paper and screw up the economy. There’s no way Greece is getting any more money. Forget it.

We’re 6 days away from D-Day, finally, on Greece.

Hasta La Vista, Eurozone.

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