Looks like it's on like Donkey Kong...
More: http://www.zerohedge.com/news/de-la-rue-warming-new-drachma-printer
Fitch and Moodys both were busy downgrading Greece, Spain and Euro bank credit ratings over the last couple of days.
http://www.guardian.co.uk/world/2012/mar/16/greece-on-breadline-cashless-currency?newsfeed=true
Clearly, such a terrorist network needs to be shut down by the internet police. /sarc
Markets are currently "risk on" in the belief that the eurozone issues are solved for the short term as discussed in the recent platinum/palladium discussion. Rumors abound that Greece is about to completely capitulate their last vestige of true wealth.
However, we've watched this saga with...
I just read a new piece over at Zero Hedge about how Greece apparently has agreed (or sort of agreed, I really do not know) to allow them to pay (part?) of their debts with their gold.
I would be interested in anyone's take on this who is following the story more closely than I have.
It seems...
So this article is incredibly interesting if it is to be believed, and frankly it just cements what seems to be going on in Europe at the moment anyway. If you were thinking of buying gold over the next couple of months, doing so before this default happens might be a smart idea. Especially if...
..."in as orderly fashion, as it would be only possible":
http://www.examiner.com/international-trade-in-national/greece-plans-orderly-exit-of-the-eurozone
See this as you like it fit :)
On my part, I've heard some birds twittering about similar preparations going on here in Ireland. Better...
See the loveli lakes
The wonderful telephone system
And mani interesting furry animals
More (including links to more news/resources): http://maxkeiser.com/2011/10/19/update-syntagma-sq-athens/