Funds flee Greece as Germany warns of "fatal" eurozone crisis

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Funds flee Greece as Germany warns of "fatal" eurozone crisis
Quotes from the above article:
“Germany has triggered a near-panic flight from southern European debt markets by warning that there will be no EU bail-outs, even though it fears the region's economic crisis has turned dangerous and could prove "fatal" for the entire eurozone.”

“The yield on 10-year Greek bonds blasted upwards by over 40 basis points to 7.15pc in a day of wild trading. Spreads over German Bunds reached almost four percentage points, by far the highest since Greece joined the euro, and close to levels that risk a self-feeding spiral. Contagion hit Portuguese, Spanish, Irish, and Italian bonds.”

The above article brings a sense of realism to the fragility in global finances, do you feel a change in the air?  Confidence in the recovery seems to be vanishing, have the illusionists run out of tricks?  Exactly what are they up-to now:  Secret summit of top bankers.  Seems like there is a secret summit just about every weekend, and if they are really secret then why do we know about them?

Food for thought……

Speeking of food, there are a number official reports that would indicate this years global food harvest has been dismal, yet official numbers from the US show a bumper crop… so who do you believe?


Keep in mind the USA produces 30-40% of major global food crops.
See:  *****2010 Food Crisis for Dummies*****

Also:

Global deep freeze threatens 2010 food supply

Food Shortages Coming, Buy Commodities: Jim Rogers

"Strong risk" of 2010 famine in Africa's Sahel: EU


But why would people lie about such a thing?
Well I do believe many markets are manipulated by paper contracts of many forms.  In many cases the perpetrators can get away with it for years, but what about food?  Does it matter how many futures contracts you have for grain at a fixed price, if the food does not exist you will not get your food, you will not take further contracts as payment like one might do with money, you actually want the real thing, your hungry customers demand it.

Futures contracts can be very dangerous,  people get to rely on them like they really do represent something real, but at the end of the day they are just a promise to pay, if the payee has nothing to pay with then what?

Due to artificially low food prices which are enabled by futures contracts combined with questionable statistics, people are not adjusting their consumption based on supply & demand so when the truth comes out its too late, there’s little left for “a rainy day”.

It’s up to individuals to research and decide if this issue is real, but I thought it too important not to mention, I have to say reading through the above link that it is very convincing.

Let’s look at the world with our eyes open, how many have fallen in history by trusting in it. (The World)

To end with a happy quote:
“I am the bread of life; whoever comes to me shall not hunger, and whoever believes in me shall never thirst.” John 6:35

FAQ - Getting Started in Precious Metals

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Below are commonly asked questions I am addressing to start with,  please advise me if you have other questions you would like to see included. If you have any comments on the content I would be pleased to hear from you, this would help me to maintain a relevant and useful FAQ section.


Frequently asked questions:

What is the Standard weight & measures for precious metals?
What makes Gold & Silver suitable as money?   
Did the gold standard cause the great depression? 
What is Sterling Silver?
What are common bullion hallmarks (Brands), and does it matter?

 

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