{"id":9744,"date":"2015-07-06T06:26:03","date_gmt":"2015-07-06T11:26:03","guid":{"rendered":"http:\/\/olduvai.ca\/?p=9744"},"modified":"2015-07-06T06:26:03","modified_gmt":"2015-07-06T11:26:03","slug":"greece-votes-no-let-the-chaos-begin","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=9744","title":{"rendered":"Greece Votes NO \u2013 Let The Chaos Begin\u2026"},"content":{"rendered":"

Greece Votes NO \u2013 Let The Chaos Begin\u2026<\/a><\/h3>\n

\"No<\/a>The result of the referendum in Greece is a great victory for freedom, but it is also threatens to unleash unprecedented economic chaos all across Europe.\u00a0 With almost all of the votes counted, it is being reported that approximately 61 percent of Greeks have voted \u201cno\u201d and only about 39 percent of Greeks have voted \u201cyes\u201d.\u00a0 This is a much larger margin of victory for the \u201cno\u201d side than almost everyone was anticipating, and it represents a stunning rejection of European austerity.\u00a0 Massive celebrations have erupted on the streets of Athens and other major Greek cities, but the euphoria may not last long.\u00a0 Greek Prime Minister Alexis Tsipras is promising that Greece will be able to stay in the euro, but that gives EU bureaucrats and the IMF a tremendous amount of power, because at this point the Greek government is flat broke.\u00a0 Without more money from the EU and the IMF, the Greek government will not be able to pay its bills and virtually all Greek banks will inevitably collapse.\u00a0 Meanwhile, the rest of Europe is about to experience a tremendous amount of pain as financial markets respond to the results of this referendum.\u00a0 The euro is already plummeting, and most analysts expect European bond yields to soar and European stocks to drop substantially when trading opens on Monday morning.<\/p>\n

Personally, I love the fact that the Greek people decided not to buckle under the pressure being imposed on them by the EU and the IMF.\u00a0 But amidst all of the celebration, the cold, hard reality of the matter is that your options are extremely limited when you are out of money.<\/p>\n

How is the Greek government going to pay its bills without any money?<\/p>\n

How are the insolvent Greek banks going to operate without any money?<\/p>\n

How is the Greek economy going to function without any money?<\/p>\n

…click on the above link to read the rest of the article…<\/p>\n

 <\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Greece Votes NO \u2013 Let The Chaos Begin\u2026 The result of the referendum in Greece is a great victory for freedom, but it is also threatens to unleash unprecedented economic chaos all across Europe.\u00a0 With almost all of the votes counted, it is being reported that approximately 61 percent of Greeks have voted \u201cno\u201d and […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[40,195,200,6069,279,281,1849,1167,6761,418,4901,2858],"class_list":["post-9744","post","type-post","status-publish","format-standard","hentry","category-economics","tag-austerity","tag-debt","tag-default","tag-economic-collapse-blog","tag-eu","tag-europe","tag-financial-markets","tag-greece","tag-greek-referendum","tag-imf","tag-michael-snyder","tag-tsipras"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/9744","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=9744"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/9744\/revisions"}],"predecessor-version":[{"id":9745,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/9744\/revisions\/9745"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=9744"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=9744"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=9744"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}