Greek Default Threat Is Overblown

Must be a slow month for financial news because of all the talk about Greece and its probable default. Yes, it will be tragic to the Greeks. But this will not affect the global economy whatsoever. The only ones who should be concerned about this are the creditors and even they should not be that concerned. Most of that money was created out of thin air at one point and time by fractional reserve banking. So a few banks lose some money…..this is no reason to get your britches in an uproar. The sky is not falling and your money will be as good tomorrow if there is a default as it is today.

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