SuzukiSavage.com - time to pull cash out now

Pine

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time to pull cash out now - Greece limits ATMs
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-01190838...

I am experiencing a deepening distrust of the banking system these days.

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justin_o_guy2 Serious Thumper Offline What happened? Posts: 55279 East Texas, 1/2 dallas/la.	Re: time to pull cash out now - Greece limits ATMs Reply #1 - 06/29/15 at 07:04:47 Ive been wondering how the wheels have stayed on this long.
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Serowbot YaBB Moderator ModSquad Offline OK.... so what's the speed of dark? Posts: 28430 Tucson Az Gender:	Re: time to pull cash out now - Greece limits ATMs Reply #2 - 06/29/15 at 07:20:41 Scary,.. but how much money can you trust in your mattress?... ...
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justin_o_guy2 Serious Thumper Offline What happened? Posts: 55279 East Texas, 1/2 dallas/la.	Re: time to pull cash out now - Greece limits ATMs Reply #3 - 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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old.indian Serious Thumper Offline Fighting Foreign Terrorism since 1492 Posts: 975 Central New Mexico Gender:	Re: time to pull cash out now - Greece limits ATMs Reply #4 - 06/29/15 at 08:22:49 http://www.msn.com/en-us/money/markets/puerto-rico-governor-calls-debt-unpaya... Remind me again how great the US economy is doing......
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justin_o_guy2 Serious Thumper Offline What happened? Posts: 55279 East Texas, 1/2 dallas/la.	Re: time to pull cash out now - Greece limits ATMs Reply #5 - 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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Serowbot YaBB Moderator ModSquad Offline OK.... so what's the speed of dark? Posts: 28430 Tucson Az Gender:	Re: time to pull cash out now - Greece limits ATMs Reply #6 - 06/29/15 at 09:14:07 old.indian wrote on 06/29/15 at 08:22:49: Remind me again how great the US economy is doing...... Better than those guys... ...
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justin_o_guy2

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Re: time to pull cash out now - Greece limits ATMs
Reply #7 - 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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The people never give up their liberties but under some delusion.- Edmund Burke.

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Pine

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Re: time to pull cash out now - Greece limits ATMs
Reply #8 - 06/29/15 at 10:34:40

Serowbot wrote on 06/29/15 at 07:20:41:

Scary,.. but how much money can you trust in your mattress?... Undecided

...

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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pg Serious Thumper Offline Posts: 5273 In Transit	Re: time to pull cash out now - Greece limits ATMs Reply #9 - 06/29/15 at 11:41:10 How about unfunded state pension liabilities? $4.7 T http://www.statebudgetsolutions.org/publications/detail/promises-made-promise... Best regards,
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justin_o_guy2 Serious Thumper Offline What happened? Posts: 55279 East Texas, 1/2 dallas/la.	Re: time to pull cash out now - Greece limits ATMs Reply #10 - 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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old.indian

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Re: time to pull cash out now - Greece limits ATMs
Reply #11 - 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..... Roll Eyes

My curiosity is aroused as to "who" and "how" (in) the territorial government this bond debt was allowed to increase to this level ???? Shocked

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pg

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Re: time to pull cash out now - Greece limits ATMs
Reply #12 - 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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justin_o_guy2 Serious Thumper Offline What happened? Posts: 55279 East Texas, 1/2 dallas/la.	Re: time to pull cash out now - Greece limits ATMs Reply #13 - 06/29/15 at 16:55:26 Pine,I stand on the point.
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HovisPresley Serious Thumper Offline Good Vibrations! Posts: 991 Midlands, UK Gender:	Re: time to pull cash out now - Greece limits ATMs Reply #14 - 06/29/15 at 17:33:26 Quote pgambr; "In 5 + years there is no telling...." Poetic
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