GLOBAL ECONOMY Predictions-Nov.8.11

CR Daily News Prediction© GLOBAL ECONOMY (predicted on – November 8, 2011 in the – CR News Reports© MEMBERS subscription)

Predictions from Higher Intelligence:

“We see Greece bailing out on their mortgage, which means they will default on their sovereign debt obligations. However, this time the lenders don’t get the house back. Lenders collateralize loans so they have protection, but not in the case of sovereign debt. When countries decide to walk-away, everything will crumble and banks will get nothing. Prime Minister Papandreou would rather be hated by the bankers than by his own people so he is for Greece defaulting. Prime Minister Berlusconi on the other hand, is stepping down, but first he wants to please the international bankers. We predict…” continue predictions. . .

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