Stocks fall globally as Greek talks collapse

[samson]

I read something about a 6 month deal being done.

They like to draw it out to the final moments to apply pressure from both sides.

Same shit coming back in November 

[gotmilk_]

After two day bounce SSE Composite Index down again... 4,527.78 -162.37(3.46%).

http://finance.yahoo.com/q?s=000001.ss

[oblivi]

I read something about a 6 month deal being done.

They like to draw it out to the final moments to apply pressure from both sides.

Same shit coming back in November 

Yes it's 6 more months of pretending to try to reach a consensus. I think Syriza may be waiting for other european countries for the elections and hope that similar parties get elected to make pressure to the Troika from outside Greece.

[dataispower]

Bulgaria Fears Fallout From Greece’s Financial Troubles

“If everything is messed up in Greece, you never know what madness this could create,” said Peter Andronov, the chairman of the Association of Bulgarian Banks and the country manager in Bulgaria for a Belgian banking group, KBC."

http://www.nytimes.com/2015/06/26/world/europe/bulgaria-fears-fallout-from-greeces-financial-troubles.html?_r=0

[tvbcof]

As far as the Greek situation goes, anything that involves capital controls is good for bitcoin, because bitcoin makes capital controls a thing of the past.

Be careful what you wish for...and where and when.  Capital controls also have the potential to make Bitcoin a very significant target of both strategic and tactical importance.

[dataispower]

Greece announces shock referendum on eurozone future throwing banking system into turmoil

"Ordinary Greeks rushed to withdraw cash from ATM's in the early hours of Saturday morning. Greece's Alpha Bank seemed to stop all online transactions according to its website."

http://www.telegraph.co.uk/finance/economics/11702829/Greece-to-hold-referendum-on-bailout-deal-with-Europe.html

[dataispower]

Chinese stock markets plunge over fears share prices are unsustainable

"China’s Shanghai composite index falls more than 7% in mass sell-off after six months of frenetic buying driven by a state clampdown on property investment"

http://www.theguardian.com/business/2015/jun/26/chinese-stock-markets-plunge-over-fears-share-prices-are-unsustainable

[Q7]

The problem here is main driven by insecurity and uncertainty. When there is no direction on where these are heading generally investors will reduce or even withdraw completely their holdings in investment funds and place it somewhere they feel safe. There are so many things that could not be answered like will the process of exit be smooth, how it can be done, the impacts, i don't think all these have been completely thought of.

[mjosephs]

[dataispower]

Greece Considering Closing Banks on Monday

"Greece said it may impose capital controls and keep its banks shut on Monday after creditors refused to extend the country's bailout and savers queued to withdraw cash, taking Athens' standoff with the European Union and the International Monetary Fund to a dangerous new level."

http://www.nbcnews.com/news/world/greece-considering-closing-banks-monday-n383286

[dataispower]

Greece Imposes Capital Controls, Banks to Remain Shut

http://www.nytimes.com/aponline/2015/06/28/world/europe/ap-eu-greece-bailout.html?_r=0

[dataispower]

Greece’s stock market also reportedly will be closed. The bank closure may extend through the July 5 referendum on Greece’s debt proposal to its international creditors, according to reports.

http://www.marketwatch.com/story/greek-banks-to-stay-closed-monday-2015-06-28

[dataispower]

Puerto Rico’s Governor Says Island’s Debts Are ‘Not Payable’

"Hedge funds holding billions of dollars of the island’s bonds at steep discounts are frustrated that the government has not seemed willing to reach a deal to borrow more money from them."

http://www.nytimes.com/2015/06/29/business/dealbook/puerto-ricos-governor-says-islands-debts-are-not-payable.html

[photon_coin]

what we see in Greece and problems in other countries are micro versoins of what will come to America someday, and I hope that day never comes but it seems the can cannot be kicked down the road forever

[Miracal]

In the currency market, the euro rose 0.15% against the U.S. dollar, moving to $1.1284 and recovering from an earlier low of $1.1188. The U.S. dollar index, which measures the greenback against a basket of currencies, fell 0.21%. The yen was flat against the dollar.

[dataispower]

China stocks free fall into a bear market

"China stocks resumed their dramatic slide Monday as investors pulled out of the market despite a decision by the central bank to cut interest rates to a record low."

http://money.cnn.com/2015/06/29/investing/china-stocks-bear-market/

[Hunyadi]

In the currency market, the euro rose 0.15% against the U.S. dollar, moving to $1.1284 and recovering from an earlier low of $1.1188. The U.S. dollar index, which measures the greenback against a basket of currencies, fell 0.21%. The yen was flat against the dollar.

EUR/USD 1.10

[dataispower]

World stock markets tumble as Greece crisis deepens

“The Greek butterfly looks set to cause a tornado in financial markets,” said Michael Hewson, chief markets analyst at CMC Markets UK. “In the process we could well also find out if this event turns out to be the equivalent of the butterfly flapping its wings in New Mexico, going on to cause a hurricane in China.”

http://www.theguardian.com/world/2015/jun/28/greece-crisis-deepens-banks-close-a-week-weekend-shook-euro

[dataispower]

Western Union to close in Greece for rest of week

http://www.reuters.com/article/2015/06/29/us-greece-banks-westernunion-idUSKCN0P915J20150629?feedType=RSS&feedName=businessNews

[LFC_Bitcoin]

Western Union to close in Greece for rest of week

http://www.reuters.com/article/2015/06/29/us-greece-banks-westernunion-idUSKCN0P915J20150629?feedType=RSS&feedName=businessNews

This all points towards people beginning to use BTC. Are they too paranoid or dumb to make the change though? It's terrible what's happening in Greece but this problem just would not happen with BTC.
The problems in Greece now are actually making me more & more confident that the future of money is BTC.

It may be 5 years, hell it may be 20 but the fiat system is destined to fail. I just hope I'm still alive to be able to take advantage of being a 2014 adopter, it might seem late to some but if we go to the moon then it's early enough