When the next great financial crisis strikes, millions will be blindsided by what is coming and will be shocked in to “New Great Depression of The 21 th Century”. But that doesn’t have to happen to you. It is empowering to know what is coming and to understand why it is coming. It is empowering to get prepared in advance for turbulent times. It is empowering to have a plan for the years ahead and we will prepare you in advance.
When we take away the Fuzz Math that the Federal Government uses, The Real GDP for the 1st Quarter of 2015 was -2.00%.
Greece will have a series of massive debt payments come due this week and we know that Greece cannot afford to make these payments. But contrary to many opinions, Greece cannot and will not be thrown out of the Euro-zone. There will be no “Grexit,” unless Greece chooses to leave.
According to Article 50 of the Treaty of Lisbon, which governs the EU, no member can be thrown out of the Euro-zone. There is only one way to exit via this treaty, and that is by the choice of each country only. Withdrawal from the European Union is a right of European Union (EU) member states under Treaty on European Union (Article 50), which states, “Any Member State may decide to withdraw from the Union in accordance with its own constitutional requirements.”
Greece can choose to leave the EU whenever she wants, but Greece cannot be forced to leave against her will. The same is true with Germany. Thus, it is more likely that Germany would leave the Euro Union before Greece, since essentially, Germany – more than anyone else – is on the hook for Greece’s debt. Furthermore, many people in Germany (and France and Netherlands) share opinions similar when it comes to distrust for the power of central banks, financial institutions, and multinational corporations. One wonders how long they (especially Germany) will stay in the Euro Union if other entities expect them to keep picking up the debts of their fiscally (and perhaps morally) challenged siblings.
Therefore, it is likely that this can will be kicked down the road once again by the members of the Eur ozone. In fact, it is possible that this drama will continue for many year to come In other words, something will be worked out shortly that no one is really happy with, and leads the matter a little closer to an ultimately sour ending.
This global financial drama is also part of the “incubation” effect of as part of the 2008-2015 There would be a much larger financial crisis. Decisions were made that seemed to resolve that crisis, but in reality, probably only delayed it. The world is not in less debt due to the decisions of central bankers during that 7-year period. To the contrary, the nations of the world are in more debt and require a rise in inflation to help bring them out of this crisis. But, will they be able to tame the forces of inflation once they really get underway? We will know shortly, within the next 1-5 years
Thus, we may see many unenforceable threats being made, but all Greece needs to do is… nothing, which of course, angers others who are owed by Greece.
Post By: Mark Ackerman: A Financial Engineer,Brilliant Wharton Graduate Using Elliot Wave Principle Fractals and Fibbs as well as Quant Models for analysis of different 18 Asset Classes, 35 years of trading experience.Click Here To Learn More
