BREAKING NEWS: Greece will not pay IMF on Tuesday: Greek finance minister

[brooklynite]

Reuters banner headline

[closeupready]

1. Okay, so they default. That's not unprecedented.

Not exactly a surprise, IMO.

[Agschmid]

2. Here we go.

Hopefully this won't ripple though based on YD who knows.

[geek tragedy]

3. We knew that was coming.

The shit will really hit the fan when they can't pay workers or pensioners.

[Nuclear Unicorn]

4. Syriza's new slogan: No loaf is better than 5/6 of a loaf nt

[MoonRiver]

5. Exactly

And how about taxing those 1%ers, instead of making the poor and middle class foot the entire bill?

[nxylas]

9. Easier said than done, sadly

Those bastards have their money well hidden, that much is certain. Not that they shouldn't try, of course.

[DrDan]

6. this is no surprise, right?

[DCBob]

7. I still think there will be a deal sometime this week.

[joshcryer]

18. Same.

Probably some credit relief. But if it happens again all bets are off.

[Cryptoad]

8. Still amazes me that,,,

people would put their retirement funds in the hands of Wall Street! I hope you keep the extra large tube of KY Jelly on hand,,,, somewhere down the line you got a screwing coming!

[DURHAM D]

10. I am curious.

Where is your retirement money?

[Cryptoad]

12. LAND,,,,,,,!

or should i say was ,,,, I have cashed out and retired, put what I will need before I catch the train into a Backyard Trust and gave the remainder to my Grand kids.

[joshcryer]

16. So you got yours, eh?

[Cryptoad]

17. Got all I need,,,,, but I dont need much!

I live at a below poverty level.

You got your needs met. yet?

[joshcryer]

19. Nope.

The boomers screwed us gen-xers and millennial.

[Cryptoad]

21. Thats what I said about those

Depression babies when I was a young man!

[ChisolmTrailDem]

24. He was asked, he answered. Why the snark? nt

[sulphurdunn]

11. How you noticed though,

that there are few other places to put it and keep it liquid?

[Cryptoad]

13. If you have not retired ,,,,Why would you want your retirement funds Liquid?

too much temptation !

[NCTraveler]

22. "Why would you want your retirement funds Liquid?"

For those with some to invest, that really is important. If you need to invest and stay liquid, there is a very good chance you don't have what is necessary to invest. At that point you are attempting to acquire income, not return on investment. I never liked it when day traders were called investors. It's a job/employment, not an investment strategy. Surprised at anyone taking issue with that. Land is overall one of the safest and best bets for investment. Thing is, you have to be able to actually invest. In other words, be in it for the long run.

[Cryptoad]

23. Retirement investment == Long Term

I purchased rural land near but not too near to places I believe to have a sustainable growth over time. Land supplies always shrinking, at worst you will still return an profit over time.

Tip: rural land around Widows Creek AL....... it going to boom!

[raouldukelives]

14. Some vote for republicans, some fund them, some do both.

One outta two ain't bad.

[joshcryer]

15. IndieGoGo Fund to help Greece:

https://www.indiegogo.com/projects/greek-bailout-fund#/story

[lpbk2713]

20. Greece did, however, offer to mow IMF's grass and wash their cars.

Let's see how that works out.

[Romulox]

25. The REAL challenge is figuring out how the US gov't will bail out these International Banks!

I'm scared that a bankster may lose out on this!

[WDIM]

26. As we come up on our own independence day

The people of the world should be declaring independence from these extortionist banksters!
Tell the billionaire class to go suck an egg like the snakes they are. They dont need any more money from us! They have already made enough money to last 100 lifetimes.

[brentspeak]

27. Oh, that's easy

Just coordinate a PR effort screaming that The World Economy is Doomed...unless taxpayer money is used to "prevent a catastrophe".

Repeat it endlessly on CNBC, CNN, and Fox News.

Then promise to hold the banks accountable for their malfeasance.

Then funnel taxpayer dollars to the banks and hedge funds, allow them to write off any toxic assets.

And then, finally, laugh about the whole scam afterwards at a DC cocktail party.