Global stock markets took a beating on Monday after Greece closed its banks for the week and imposed severe limits on cash withdrawals, which bolstered fears that the country is about to exit euro with unknown repercussions for the world’s economy.
Banks are on the brink of a complete meltdown as there are no lenders left who are willing to flush more assets in order to fund Greece’s unbalanced budgets.
The world’s economic system is certainly in its death throes and all it will take is a strong enough spark to bring the entire system down. This could very well happen with Greece, and unfortunately, they are the only country threatening the entire global system at the moment.
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How can China’s downward spiral start in 7/15? It doesn’t get here til tomorrow
“The other major threat is China, who’s stock market has been in a free fall since July 2015, plunging 20% in just a couple of weeks.”
Since July 2015?