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Sunday, February 19, 2012

WILL GREECE DEFAULT

I received an E-mail the other day and this is part of the content. Should this be true, it will be a huge domino effect. I already notified friends and family.

Senior bankers on Wall Street have been given detailed documentation setting out a timetable to Greek default, including firm dates and technical orders about last use of the euro as a currency there. One of the banks is Barclays Capital... (Barcap) run by controversial figure Bob Diamond. The other must remain anonymous for the time being, in order to protect sources. The plan gives a firm date of March 23rd for default to be announced after the close of business. The document asserts that Greece will officially be declared in default by all the ratings agencies after the close of business on Friday march 23rd. At the weekend all Greek bank accounts will be frozen, with emergency measures detailed to prevent the flight of capital. Included in the paperwork is a list of very limited exceptions to the no withdrawals order. All major banks are instructed not to deal with euro exchange as of open of business in Greece on Monday 25th march. All Greek markets will close for one day at least.