How are the Greek People Doing ?

60 Euro Daily Withdrawal Limit, from presidentialcoalition.com

 

Hey my friends, I just read a very disturbing email one of my 4Patriots team

Members. received from an American friend living in Greece, where the failed entitlement state is imploding. I'm sharing insider-info with you on what's REALLY going on over there:

 

"The situation here in Greece is quite complicated. Everything took a turn for the worse when the referendum was declared and capital control began.

 

We have a 60 euro daily withdrawal limit from each cash card and because of a shortage of 20 euro bills, we usually end up withdrawing only 50 euro. We use credit cards for groceries, fuel and other necessities.

 

The problem is that everyone lines up on a daily basis to withdraw whatever they can because there is no trust in the banking system anymore. People (who have some income) are keeping cash in their homes.

 

Unemployment is high and the money is not circulating. Our sales tax is 23%!!! Salaries are low. Businesses are closing left and right.

 

Yes, I have seen people at dumpsters searching for food. Yes, there are beggars outside supermarkets asking for any type of help you can provide. And I expect it to get worse."

 

You could say this is playing out like a real-life Greek tragedy. I'm no economist, but this is what happens when you allow government dependency to spiral out of control.

 

And just because Greece is half a world away, DO NOT think a full-blown economic collapse can't happen here.

 

With a record 47 million Americans on food stamps alone, we are speeding full-throttle toward a financial meltdown not seen since the Great Depression.

 

We are careening full-throttle off a financial cliff, and no one

is putting on the brakes.

 

Now that you've seen the evidence, you know the situation is way too serious not to do something about. And when that happens, you need to be ready.

 

Source: Presidential Coalition.com

 

Comments

 

Our first order of business should be to stop and reverse US government indebtedness. We need to ask all of our elected officials why they do not seem concerned about government overspending.  Cutting federal spending to avoid adding to the debt should be their highest priority.

 

The problem in Greece was debt default.  The problem in the US would likely be NO BUYERS for Treasury Bills, while government is spending twice what it takes in revenue.

 

The withdrawal rules would likely be imposed in the US, to keep us from emptying the banks to take our money with us. Hopefully, credit cards could still be used and grocery stores will still operate.  There would be attempts to force our 401K plan balances to buy Treasury Bills.

 

Norb Leahy, Dunwoody GA Tea Party Leader