10/20/11

Watching the protests in Greece

The banks financed the easy life of some nations. Now the bonds are worthless because the people of those nations forgot they have to work hard to pay the interest of the bonds. And they wasted all the money.

The markets gave the easy life to the Greek citizens. The markets are now taking everything away. This is the reason is so sad to see the people fighting, burning, protesting because they do not understand that they cheated and have been cheated by the politicians.

This is the time of truth for the European concept, which I have always belived could not work.

More details in my The Peter Dag Portfolio and my free educational videos on www.peterdag.com.

George Dagnino, PhD
Editor, The Peter Dag Portfolio. Since 1977
2009 Market Timer of the Year by Timer Digest

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