what happens when greece defaults

[jk]

Re: what happens when greece defaults

the markets seem to be able to focus on only one major risk at a time. for the moment it's greece and the pigs. later in the summer it will be the u.s. debt ceiling and/or the us economic slowdown once qe2 ends and prior years' stimuli wear off. but i won't believe that the markets and their participants, anglo-saxon or otherwise, have really focused on the eurozone's problems while the euro trades over 1.40

[bill]

Re: what happens when greece defaults

i think the issue is whether the oligarchs/banksters can force governments all around the world to sell public assets to pay debt service, while the same banksters are the purchasers of those assets, or at least the financers of those who buy those same assets. wealth is ever more concentrated.

When ran thru debt processing plant results are eventually asset foreclosure. Fed supplies plenty of debt and feeds the plant. Fed has Dodd-Frank asset liquidation control powers.
Not limited to Fed there are other CB’s, SWF’s ect. ect.