The credit ponzi is definitely over for Greece and they are starting to feel the fallout of what happens when people get used to living beyond their means and then the fake prosperity is suddenly taken away from them. History teaches us that this is just the natural consequence of using too much credit to boost the economy for too long. When the credit finally runs out there is a long fall back to reality. Or in the words of Gerald Celente, "When people lose everything and have nothing left to lose, they 'lose it' ".
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Economati discusses the current economic and political issues which are most likely to impact the people of the world.
