Greece Closes Banks, Stocks Plummet

[Manonthestreet]

I dont know if stimulus money is good idea.....hasnt worked here........debt forgiveness would be stimulus in itself

 

[AdvancingTime]

Contagion has reached the point where it can easily upset the fragile balance of our economic system. In economics as well as fashion, what is old is often new again, and as look back through history and different economic cycles it is clear we have seen this before.

The article below explores how potentially devastating this force can be and is comprised of several thoughts I have written about in the past. Today I join together the idea the system isn't ready, with the danger of derivatives, a growing lack of faith in currency markets, and how this could all be molded to increase calls for a new world currency.

http://brucewilds.blogspot.com/2015/07/contagion-potential-reaching-new-heights.html