Blog/Sovereign Debt Crisis
Posted Apr 20, 2015 by Martin Armstrong
The computer is starting to really pick up October, lining up with the ECM for 2015.75. Now the Greek government issued a decree that forces local governments to transfer all cash balances to the central bank, as debt to the International Monetary Fund and salaries are due. This is crazy. Greece should default before it creates its own civil war. You just can’t do this sort of thing to the people.
We are heading into a situation of total economic insanity. Boy, maybe I should have retired and hid on some remote beach.
Categories: Sovereign Debt Crisis, Western Europe