Hello Traders,
I saw these statistics and thought I’d share with you here. The forex trading signals & setups are below this (if you just want to scroll right to it).
The effect on society is tragic:
- Single mothers are begging outside of supermarkets.
- Thousands of children are fainting at school, because of lack of nutrition.
- Hospitals are devoid of supplies, with patients instructed to go to local pharmacies to buy gauzes and syringes…
And yet the bankers that now own Greece are profiting more than ever before.
The European Central Bank (bankers) and the International Monetary Fund (more bankers) have provided €254 billion in loans to Greece since 2010.
So that money goes to the local economy or to the government, right?
Wrong.
It goes back into the pockets of bankers!
How? Here’s how…
More than HALF has been used for debt servicing — that’s
INTEREST paid on Greece’s loans to the bankers — and another 19% to recapitalize the domestic banks.
This means that most of the money loaned to Greece… has gone straight back into the pockets of bankers and
financial interests! AND these shadowy financial interests have also forced Greece to sell its assets cheaply to them.
Only about 11% of the total was used by the government for non-financial items. And Greece’s sovereign debts increased from 160% to 180% of GDP (more debt means more interest payments to the banks, which means more profit for the banks).
Greek taxpayers are on the hook for all this debt, and what do they get for their trouble? Government cutbacks,
7 times more TAXES, 26% unemployment, 230,000 SMEs closing down, and 23% of the population now living below the poverty line. Sound’s like an awesome deal.
But at least there are some winners. Former Greek Prime Minister George Papandreou was linked to a 550-million-eurobank account in Switzerland… If this is true, one wonders what this payoff was for. What did he sell, for HALF A BILLION euros? What did these financial interests buy?
It is hardly surprising that Greece is close to a breaking point, with the radical left-wing Syriza party winning the elections on January 26, on a promise to write off at least a third of Greece’s total debt and alleviate
the austerity measures.
So if you have a roof over your head and food to eat everyday, be very thankful.
Forex Trading Signals & Setups
#1: Sell Trade Setup EURUSD
#2: Sell Trade Setup EURGBP
#3: Sell Trade Setup GBPJPY
#4: Sell Trade Setup USDJPY
REMEMBER!
These trendlines or support and resistance levels are not lines drawn in concrete. They do get broken. That’s why its good to know what price action is telling you by knowing these reversal candlestick patterns and taking trades if you see them forming.
Most of these trade setups are from larger timeframes, you may need to switch to smaller timeframes for better trade entries.
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