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World markets plunge, bank lines grow as Greece financial crisis deepens

Discussion in 'News & Current Events' started by Revmitchell, Jun 29, 2015.

  1. Revmitchell

    Revmitchell Well-Known Member
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    Long lines formed at ATMs and bank branches across Greece Monday as the nation’s financial crisis worsened, limiting cash withdrawals and causing global markets to plunge.

    Senior citizens looking to collect their monthly government benefits swarmed closed bank branches Monday in the hope of getting their checks, and lines formed at ATMs as bankers gradually began dispensing cash again following the imposition of strict controls on capital.

    Greece has imposed restrictions on money withdrawals and banking transactions to keep its financial system from collapsing due to a run on the banks.

    http://www.foxnews.com/world/2015/0...bank-lines-grow-amid-greece-financial-crisis/
     
  2. InTheLight

    InTheLight Well-Known Member
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    World Markets Plunge?


    The German stock market is down 3.54%
    The French stock market is down 3.74%
    The Japanese stock market is down 2.88%
    The Chinese stock market is down 3.34%

    This is known as a slight correction, not a plunge.


    The Dow Jones is down 1.13%
    The British stock market is down 1.97%
    The Australian stock market is down 2.16%
    The India stock market is down 0.6%

    This is known as a down day in the markets.
     
  3. Revmitchell

    Revmitchell Well-Known Member
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    U.S. equity markets posted their biggest selloff of the year Monday amid the ongoing crisis in Greece as investors weigh the possibility of the nation's exit from the eurozone.

    The Dow Jones Industrial Average plunged 350 points, or 1.95% to 17596. The S&P 500 shed 43.9 points, or 2.09% to 2057, while the Nasdaq Composite dropped 122 points, or 2.4% to 4958.

    Both the Dow and S&P 500 slipped into negative territory year-to-date with Monday’s selloff. All ten S&P 500 sectors were in the red led by a steep drop in banks and brokers.


    http://www.foxbusiness.com/markets/...k-crisis-worsens/?intcmp=bigtopmarketfeatures
     
  4. righteousdude2

    righteousdude2 Well-Known Member
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    How much longer can the nation's of this world continue to borrow without accountability? One day soon, all will have to answer the doorbell to the bank of accountability! Let Greece be a warning of things to come. Jesus spoke about the cost of things in the last days. :flower:
     
  5. wpe3bql

    wpe3bql Member

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    DISCLAIMER: I make no claim to be a "theologian" and/or a "'deep' eschatological scholar," etc. BB has plenty of them, so I will them pontificate all they wish. OTOH, there's this verse in Revelation 6:6---

    "And I [John] heard a voice in the midst of the four beasts say, A measure of wheat for a penny, and three measures of barley for a penny; and see thou hurt not the oil and the wine."

    Sounds to me like there just might be some kind of rationing going on.

    When will this occur?

    If you happen to be a "Pre-Trib" rapturist , Revelation 6:7 states that, "And when he [the Lamb {6:1}] had opened the fourth seal, I [John] heard the voice of the fourth beast say, Come and see."

    'Jest sayin'
     
  6. church mouse guy

    church mouse guy Well-Known Member
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    Europe is all but bankrupt. Spain, Italy, Portugal could all go the way of Greece.

    China, with promises in Africa, Asia, and Latin America (such as a railroad from Brazil to Peru and a new canal through Nicaragua) is shaky because the economy is still under the thumb of the communist party rulers.

    Even Puerto Rico has admitted that they have 73 billion dollars in debt that they cannot and probably will not pay as Puerto Rico becomes another Greecespot in a Carribean full of economic basket cases.
     
  7. InTheLight

    InTheLight Well-Known Member
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    You do realize these market reports are written by autobots? You do realize a 1.95% drop in the Dow is not a "plunge"?
     
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