“This is the story of a traditional securities fraud scheme with a twist…”

Enormous red flag for an imminent recession in America.

Reforms imposed on Athens by the EU, the European Central Bank and the IMF are “going to fail.”

World has created a “debt supernova,” and all the signs point to “the end of the central bank enabled bubble.”

“It’s just waiting for the knee-jerk bulls, robo traders and dip buyers to finally capitulate,” he says.

The next payment towards the IMF is due in September and is worth 306 million euros.

The highest seven-month total since 2009