SCT Issue #230
Late yesterday the IMF released a new analysis that Greece’s debt-to-GDP ratio would hit 200 percent in the next two years and that the country cannot and will not survive unless creditors agree to writing off large chunks of debt.
That’s a big problem for Europe. Why? Because the IMF can refuse to participate in bailout talks unless there is debt relief.
And without the IMF participating in bailouts, other euro members – whose permission is also needed to proceed – will balk at carrying the burden of bailing out Greece. That means the whole deal could simply fall apart.
Even if Prime Minister Tsipras is successful today in getting the Greek parliament to agree to the terms accepted on Monday.
So in a very real sense, the crisis in Greece is far from over.
Why am I keeping such a close eye on Greece? Three reasons …
1. Greece is the canary in the coal mine. Italy, Portugal, Spain, and other smaller EU countries will soon be in the same position: Unable to pay their debts.
2. Greece is symptomatic of how fascist-like European leaders have become. They think they can save the euro with extreme austerity measures, but they are mistaken.
Instead, extreme austerity measures will produce the opposite: More and more deflation, more economic contraction, more social and civil unrest – all leading to the total breakdown of the great European Union and single currency experiment.
3. Many say that the crisis in Greece is contained; that our banking system is not exposed to the crisis. That’s hogwash. While direct loan exposure to Greece by U.S. banks is virtually non-existent, indirect exposure through derivatives on Greece and interest rates on Greek bonds total as much as $4 trillion. There is simply no way global markets will not be affected.
So don’t let anyone fool you.
All this is precisely why I have changed the name of Gold and Silver Trader and it’s also why I’m adding these new supercycle profit opportunities to your membership.
Unfortunately, hundreds of millions of good people will not see this coming and will be numbered among the victims. Mark my words: They will lose everything.
The one piece of good news is that you still have time to prepare. And if you make the right moves now, you could actually USE this crisis to amass more wealth in less time than you may now believe possible.
This is also why I left my home and flew 10,000 miles to Weiss Research Headquarters in Florida: It is absolutely essential that I deliver my current forecasts to the Weiss team and to my readers in person.
I am deadly serious when I say that it is absolutely critical that you attend all three of my online briefings next week; next Monday, Tuesday and Wednesday (July 20, 21 and 22).
At each of these briefings, I will present my evidence. I will give you my forecasts.
I will name the investments that I’m convinced will multiply your money many times over as this supercycle courses through the global economy – the very investments I’ll be recommending here in the weeks and months ahead.
Due to your status as a member of my online family, I have taken the liberty of pre-registering you; reserving a seat for you at these briefings.
To attend, simply click this link a few minutes before 2:00 PM Eastern Time (1:00 PM Central, 12:00 Noon Mountain, 11:00 AM Pacific, 6:00 PM GMT).
Finally, per yesterday’s issue you should have easily purchased shares in the Junior Gold Miners 3X ETF (JNUG). Hold with a good-till-cancelled protective sell stop at $12.75.
Hold all other positions and related stops.
Best wishes,
Larry
