Greece will default...................from Rico

Varoufakis has confirmed that Greece will default on it's payment to the IMF.

- No, we're not just talking about the 'vigorish' due the IMF, but the market value of EUropean banks (Germany, France, Italy, Holland) that have been stuffed with unpayable Greek debt since 2010, and have suddenly just 'shrunk' about 50 billion Euros in value.

 

Debt is neither an asset nor is it money, as they are about to discover.

- Let the (unrigged) price discovery begin.

 

Of course, to mask the reality that debt is not money, the 'usual suspects' aren't wasting this crisis (opportunity) to wham-bam-slam Gold and Silver on the paper CRIMEX.