World stocks plummet first thing this Monday morning in response to the Greek NO vote on the European referendum. While it may seem that a small country in Europe has no financial impact on the US, the reality is that of a domino effect.
The Dow Jones Industrial started over 100 points down this morning and world markets reacted much the same. A definate financial collapse is in store for Greece, as supermarket shelves are empty and banks are closed. Police are on standby as the population grows angry and will eventually become hungry.
It will take quite some time to create a new currency and leaders have reportedly already contacted companies to design a new Greek “dollar”. The length of time this takes will directly affect the actions of the population. Too long, and chaos may ensue.
Keep a close eye on the situation in Greece, as it mirrors what will happen here in the US should our debt finally be recognized ny the world banks and the lending should cease. More updates will be posted below.
5:00 p.m. : The Dow Jones closed only mildly lower after mixed feelings on Wall St. over Greece.