investmentwatchblog.com / Submitted by IWB, on May 24th, 2015
Today, Sunday 5/24 and tomorrow, Monday 5/25 could be the final two days when all of our credit/Debit cards work.
The banking system is facing an unparallelled catastrophe as early as this coming Tuesday and our entire financial system could very well come crashing down without any warning whatsoever.
The trouble has to do with an announcement made today by the Finance Minister of Greece. He appeared on television and stated for the first time publicly “Greece cannot make debt repayments to the International Monetary Fund (IMF) next month unless it achieves a deal with creditors . . .”.
This statement today is a defacto DEFAULT on Greece’ sovereign (national) debt. This is no longer something that CAN happen, as of today, it HAS happened! ! ! ! This announcement has now set in-motion a financial calamity that _will_ envelope the world, especially American Banks, which may be forced to HALT ALL LENDING, shut off all access to credit and lock-up depositor accounts as early as this Tuesday. Here’s why:
As a member of the European Union, Greece got to print money; EUROS. The validity of those EUROS is now gone, but they cannot be pulled from circulation because there are so many. Therefore, the VALUE OF THE EURO as a whole, is going to drop off a cliff as a result of Greece defaulting on June 5. This will utterly SLAM banks in the U.S. and others around the world.
The post Today and Tomorrow (Monday 5/25) Could Be The LAST DAYS YOUR CREDIT/DEBIT CARDS WORK appeared first on Silver For The People.
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