The main stream media wants to make you believe that the Greek debt crisis is over, but don't do it. It is far from over. Spain, Portugal and Ireland are sitting on the sidelines waiting to get in line for some bailout money as well. Here is the timeline of what has been happening in Greece.
January-March 2010 - First, Greece was claiming they didn't need a bailout as all was fine.
April 2010 - Greece reconsiders and starts asking for a bailout. It is funny what a few months brings.
May 2010 - First bailout
January-February 2011 - Oops, Greece cannot make payments on first bailout and asks for extension.
May 2011 - Double oops, Greece worse off than anyone thought (or talked about publicly) and asks for another payment extension.
July-October 2011 - Greece begins spilling the beans and everyone now sees that they are worse off than anyone anticipated and discussions begin on a second bailout...ouch.
February 2012 - Greece gets a second bailout, and if I'm not mistaken they claim it is all they will need.
March 2012 - Talks begin about a THIRD bailout.
Tensions are getting heated up in the Euro-zone. You see, if Greece tumbles, the whole Euro is in jeopardy. If you don't believe that this could happen, then why is Germany making Deutschmarks. They are expecting, and preparing for a Euro collapse and want to have an escape plan.
Watch this and hear what is happening...
If you don't think a default from another country will affect us here in America, you are mistaken. Prepare now.
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