Greece is Fast Approaching The Point of No Return!

• It is touch and go for Greece. The likelihood of a default in the next few weeks is very high. It will be the start of a global financial meltdown. It will cause the house of cards: the Eurozone to collapse. Greece will cause the PIIGS to tumble. All eyes will be on Italy and Spain, when they collapse, all hell will break loose. Japan, UK and United States are not far behind. All fiat currencies will revert to their intrinsic value of ZERO!
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• The wildfire will spread throughout the world. I do not believe Asia will be spared. Nor do I believe that China will be unscathed. The entire world is closely interlinked because of ‘Globalization’. (‘Globalization’ is simply the SCAM for financial world conquest by Illuminist money power!)
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• When the PIIGS fall, the countries go belly up. Their banks go bust. The customers of the banks go bust. The depositors go bust. Other countries’ corporations that do business with the PIIGS’ corporations go bust. The other countries’ banks that are owed money by these local corporations go bust. On and on and on …. the madness continues. There is simply no fool-proof way of saying a strong country like Singapore will not be affected because it is not exposed to PIIGS debts. It is a nightmarish set of cascading dominoes spreading across the globe. It affects everybody, every bank, every corporation …. and every country! I repeat: got Gold yet?
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  Greece is fast approaching the point of no return
  Nils Pratley, guardian.co.uk
  An uncontrolled debt default by Athens is suddenly starting to seem a horrible possibility
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  Greeks rioted , the country’s prime minister offered to resign and the yield on Greek two-year sovereign bonds hit 28%. Meanwhile, the Dow Jones industrial average fell 190 points at one stage. Markets are carrying a simple message: we fear politicians and policymakers are losing control of the plot. The long-feared “Lehman moment” – an uncontrolled debt default by Greece, with the impact being felt across the eurozone banking system – suddenly seems a horrible possibility.Investors’ worries are understandable. The past month has seen the European Central Bank and eurozone politicians squabble over the design of the next bailout package for Athens. Private sector investors must share some pain, says German finance minister Wolfgang Schäuble, if German taxpayers’ money is to be dispatched. Unacceptable, says the ECB, we cannot allow anything that looks like a debt default, it would be too dangerous.
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  That squabble over the design of a bailout that wasn’t meant to be necessary (Greece was supposed to be borrowing in the market by now, according to last year’s plan A) suddenly looks a sideshow. If Greece doesn’t have an effective government capable of imposing the austerity measures demanded by its lenders, the game is close to up.
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  A unity administration in Athens might allow bailout talks to resume, but by then investors might have zero faith that the next package of loans could succeed where the last one failed. More austerity, even if the Greeks could be coerced into accepting more pay cuts and more state sell-offs, might simply damage the economy further.
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  Default, then, seems to be looming one way or another. The best policy would be to try control the damage by ensuring the impact of the rest of the eurozone banking system is as soft as possible. That assumes, of course, that damage-control is still an option. The point of no return is fast approaching.

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