Big deal

Hi readers.

So Greece has defaulted on its debt! So what!
The banking system didn't cave in and everyone is going about there daily lives as normal.
Stock markets didn't collapse either as the media was predicting.

So what is the real issue here!!!!!

There is a school of have's and have nots.
Debt by countries around the world will never be paid off. That's the facts
When a small country decides to stick it to the system which has been around for centuries, who buckles first?
There can't be another Julius Ceasar who forgives debt and starts again.
This can't be allowed to occur or else everyone will follow Greece. Spain, Italy just to name others.
Therefore the system will allow more time and better terms.
But it can't allow the debt not to be paid.

The communist party in Greece has no friends and nor does it want any!
There leader is young and very energetic, and will hold his word to the people who voted for him.
The one thing this guy has done is he has brought belief back to people even if they are struggling.
Sometimes that's all that is needed to rise from the ashes.

Once again through all this debt crisis, the real issue is China .
Went up 5% yesterday on short covering but is down again 2.5% today.
Keep a keen eye on China.
If China falls so to will the U.S, Germany,Australia,France and Canada.

In commodities

Metals are dead and should fall soon hard.
In grains as we said should trade higher, and they are.
Wheat is the leader and the corn and beans are along for the ride.
Wheat is up 10% in 3 days and should continue trading higher.

In the currency market just stay away for now.
There is no strong astrology affecting any currency at the present time.