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Wednesday, February 18, 2015

Greece Will Default-Calamity Follows-Andrew Hoffman

from USA Watchdog:

Financial writer Andrew Hoffman says the debt problem in Greece will not have a happy ending.

Hoffman contends, “More than half of Greek debt, everyone talks about the 400 billion euros they owe, more than half of this debt is from the bailouts in the last four years. . . . Two years ago, I wrote that Greece was my top pick to catalyze the big one, and here we are in that same position. . . . If there is an agreement, it is only going to be bad for everybody. It’s going to bad for Europe and bad for Greece. Of course, if there is no agreement, then there is your end game right there. They are not just going to leave the euro; they are going to default on their debt. That is the only way Greece can be saved. It is the only way Greece can be saved, and it is the same just about everywhere else. . . . I can’t see any deal they could make.”

On physical gold and silver, Hoffman points out, “We are seeing record demand around the world. 2013 was a record year. 2014 was a record year, and starting 2015, gold imports in China have been 50% above last year’s levels to start this year.

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