Showing posts with label Drachma. Show all posts
Showing posts with label Drachma. Show all posts
Tuesday, May 22, 2012
Friday, May 18, 2012
UK banknote printer readies for Greek call - source
If one thinks a Greek exit from the Euro is imminent, here's a play to perhaps profit from the return of the drachma. One man's trash is another man's treasure.
http://uk.reuters.com/article/2012/05/18/uk-delarue-greece-idUKBRE84H0DH20120518
See disclaimers in the side bar.
Disclosure: I have no position in De La Rue.
http://uk.reuters.com/article/2012/05/18/uk-delarue-greece-idUKBRE84H0DH20120518
See disclaimers in the side bar.
Disclosure: I have no position in De La Rue.
Labels:
De La Rue,
Drachma,
euro,
Greek exit
Tuesday, December 8, 2009
Greece downgraded
Greek equities and bonds tanked as their government debt was downgraded by credit ratings agencies, as fears of a default were raised. I predicted that after Iceland's economy collapsed, other countries would follow suit. Other countries at risk of default include Dubai, Ireland, Latvia, Hungary, Argentina, Venezuela, Lithuania, Ukraine, Japan, Spain, Italy, the UK, and believe it or not, the US, as all these countries are technically insolvent, burdened with too much debt. The cascading dominoes have only begun to fall...
http://www.telegraph.co.uk/finance/financetopics/financialcrisis/6755179/Greece-put-on-standby-for-debt-downgrade.html
The USDollar will eventually share the same fate as the Drachma, as do all fiat currencies.
http://www.telegraph.co.uk/finance/financetopics/financialcrisis/6755179/Greece-put-on-standby-for-debt-downgrade.html
The USDollar will eventually share the same fate as the Drachma, as do all fiat currencies.
Labels:
bond default,
credit rating,
Drachma,
fiat currencies,
Greece,
insolvent,
USDollar
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