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SuzukiSavage.com
/cgi-bin/YaBB.pl General Category >> Politics, Religion (Tall Table) >> time to pull cash out now - Greece limits ATMs /cgi-bin/YaBB.pl?num=1435585625 Message started by Pine on 06/29/15 at 06:47:05 |
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Title: time to pull cash out now - Greece limits ATMs Post by Pine on 06/29/15 at 06:47:05 While I am certain that many will point out ( and rightly so) that US banking and Greece banking are not at all similar: According to this news report.. Banks and ATMs are closed as of this morning. When the ATMs re-open there will be be a 60 euro limit per day. http://finance.yahoo.com/news/greece-imposes-capital-controls-crisis-011908384.html I am experiencing a deepening distrust of the banking system these days. |
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Title: Re: time to pull cash out now - Greece limits ATMs Post by justin_o_guy2 on 06/29/15 at 07:04:47 Ive been wondering how the wheels have stayed on this long. |
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Title: Re: time to pull cash out now - Greece limits ATMs Post by Serowbot on 06/29/15 at 07:20:41 Scary,.. but how much money can you trust in your mattress?... :-/... |
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Title: Re: time to pull cash out now - Greece limits ATMs Post by justin_o_guy2 on 06/29/15 at 07:42:46 How much can you trust the bank? At least you own the mattress. The banks are closed,, Not uncommon for that to happen in an economy thats about to crash. |
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Title: Re: time to pull cash out now - Greece limits ATMs Post by old.indian on 06/29/15 at 08:22:49 http://www.msn.com/en-us/money/markets/puerto-rico-governor-calls-debt-unpayable-as-deadlines-loom/ar-AAcgJsB?ocid=ansbloom11 Remind me again how great the US economy is doing...... |
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Title: Re: time to pull cash out now - Greece limits ATMs Post by justin_o_guy2 on 06/29/15 at 08:57:03 The governor and his chief of staff were unable to comment, That's not good. |
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Title: Re: time to pull cash out now - Greece limits ATMs Post by Serowbot on 06/29/15 at 09:14:07 686B63296E69636E6669070 wrote:
Better than those guys... :-?... |
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Title: Re: time to pull cash out now - Greece limits ATMs Post by justin_o_guy2 on 06/29/15 at 10:19:35 Puerto Rico, is a United States territory located in the northeastern Caribbean, east of the Dominican Republic, and west of both the United States Virgin... wikipedia.org I don't know what that means legally/economically. Is that like someone cosigning a note? Are we sposedta bail them out? What about Michigan, or maybe just Detroit? Who is gonna bail us out? Pardon me? Teacher? I have a question... If every nation is in debt,, how does that happen? Say six of us sit down and play poker. At the end of it, someone, maybe five, will be in debt... but not all six. If I owe Ralph fifty and jim owes me fifty,I could let Jim pay Ralph. So, think before you answer. |
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Title: Re: time to pull cash out now - Greece limits ATMs Post by Pine on 06/29/15 at 10:34:40 6A7C6B766E7B766D190 wrote:
House got robbed... they now have to break into a vault. But, in a way you kinda prove my point... how sad that I would trust my money NOT being in a bank as much as I would trust it being IN one. I wish I could buy some land, but thats WAAAY above my pay grade. JOG: the poker analogy.. really isn't that great. YOu would need to add that each poker player came to the table to begin with borrowed money, and upon existing the table had to pay his debts plus interest. So no matter who "wins" there be a whole lotta hurting for a whole lotta folks. |
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Title: Re: time to pull cash out now - Greece limits ATMs Post by pgambr on 06/29/15 at 11:41:10 How about unfunded state pension liabilities? $4.7 T :o http://www.statebudgetsolutions.org/publications/detail/promises-made-promises-broken-2014-unfunded-liabilities-hit-47-trillion Best regards, |
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Title: Re: time to pull cash out now - Greece limits ATMs Post by justin_o_guy2 on 06/29/15 at 12:13:46 You, sir, have locared the tip of the iceberg. Derivatives LIE below the surface. |
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Title: Re: time to pull cash out now - Greece limits ATMs Post by old.indian on 06/29/15 at 12:33:51 Puerto Rico with a population of 3.5 Million and debt of $72 Billion at a rate of 10.8%. The taxpayers of P.R. are on the hook for all that $$$ unless A) the territory of P.R. declares bankruptcy, or B) someone (read Washington D.C.) bails them out . For some unknown reason I can not see the "investors" (A.K.A. Wall Street) allowing option "A" to happen, at least not while they control the "political contributions" to Congress..... ::) My curiosity is aroused as to "who" and "how" (in) the territorial government this bond debt was allowed to increase to this level ???? :o |
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Title: Re: time to pull cash out now - Greece limits ATMs Post by pgambr on 06/29/15 at 16:45:07 At this point, it is pretty much a race to bottom. Nearly every central bank is printing unprecedented amounts of $$, and our saving grace is being the reserve currency. However, that is why Russia & China have been buying record amounts of gold for the past 5 years. In 5 + years there is no telling.... Best regards, |
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Title: Re: time to pull cash out now - Greece limits ATMs Post by justin_o_guy2 on 06/29/15 at 16:55:26 Pine,I stand on the point. |
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Title: Re: time to pull cash out now - Greece limits ATMs Post by HovisPresley on 06/29/15 at 17:33:26 Quote pgambr; "In 5 + years there is no telling...." Poetic ;) 8-) |
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Title: Re: time to pull cash out now - Greece limits ATMs Post by justin_o_guy2 on 06/29/15 at 17:45:03 Friday, Greek banks and ATMs, open and full. Monday, banks closed. For the week, for now. I don't think I can see five weeks , not Anymore. The rate of change has changed. |
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Title: Re: time to pull cash out now - Greece limits ATMs Post by HovisPresley on 06/29/15 at 18:10:28 607F797E63645565556D7F73380A0 wrote:
Equally poetic! Not just the change, the notes as well ;) |
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Title: Re: time to pull cash out now - Greece limits ATMs Post by Paraquat on 06/30/15 at 06:02:02 I give it 6-8 years. --Steve |
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