This page has been archived and commenting is disabled.
Greek Capital Controls Begin: Greek Banks, Stock Market Will Not Open On Monday
Update 3: Bloomberg, citing Kathimerini, reports that Greek banks will remain closed until July 6.
- GREEK BANKS TO REMAIN CLOSED UNTIL JULY 6 : KATHIMERINI
- GREEK GOVERNMENT ISSUES CAPITAL CONTROLS, BANK HOLIDAY DECREE
- GREEK GOVT LIMITS CASH WITHDRAWALS TO EU60/DAY AS OF JUNE 28
- GREEK CAPITAL CONTROLS INCLUDE LOCAL BRANCHES OF FOREIGN BANKS
- GREEK GOVT SETS UP COMMITTEE TO APPROVE PAYMENTS ABROAD
Update 2: Greece's Skai reports that if/when banks reopen (supposedly on Tuesday), a 60€ withdrawal limit will be imposed.
Update: In a televised address to the nation, Greek PM Alexis Tsipras assured Greeks that their deposits are safe despite an upcoming bank holiday and despite the fact that Greek stocks will not open for trading on Monday. Tsipras also said Athens has re-applied for a bailout extension and urged Greeks to "remain calm" in the face of what is sure to be a turbulent week.
- GREEK PRIME MINISTER SAYS GREEK PEOPLE SHOULD REMAIN CALM
- GREEK PM: BANK OF GREECE PROPOSED BANK TRANSACTION RESTRICTIONS
- GREEK PRIME SAID GREECE RE-APPLIED FOR BAILOUT EXTENSION
- GREEK PRIME MINISTER SAYS DEPOSITS ARE COMPLETELY SAFE
Earlier:
Despite the reassurances from any and all elected (and unelected) officials, given the run on bank ATMs in Greece has turned into a stampede, it is not surprising that:
- GREEK BANKS TO REMAIN CLOSED FROM MONDAY FOR A WEEK: PIRAEUS BANK CEO
- PIRAEUS BANK CEO THOMOPOULOS SPEAKS TO REPORTERS IN ATHENS
The announcement was made when Piraeus Bank CEO Anthimos Thomopoulos told reporters after a meeting of the government’s financial-stability panel on Sunday. The launch of capital controls just as the Greek summer tourism season starts, is sure to be the final crushing blow to Greece, whose entire economy will now grind to a halt.
At the same time, Finance Minister Yanis Varoufakis said an announcement would be made after a Cabinet meeting due to start imminently in Athens. Which is ironic considering just earlier today Varoufakis said he is opposed to the "very concept" of capital controls:
Capital controls within a monetary union are a contradiction in terms. The Greek government opposes the very concept.
— Yanis Varoufakis (@yanisvaroufakis) June 28, 2015
Banks will remain shut until at least after a July 5 referendum called by Prime Minister Alexis Tsipras on whether to accept austerity in exchange for a European bailout, Kathemerini newspaper reported, citing unnamed sources.
Reuters is also reporting that the Greek stock market will not open on Monday (leaving us wondering just what that will do to the Greek ETFs liquidity in US markets) as hedgers scramble to protect un-closable losses wherever they can.
More from Reuters, which reports that "Greece's banks, kept afloat by emergency funding from the European Central Bank, are on the front line as Athens moves towards defaulting on a 1.6 billion euros payment due to the International Monetary Fund on Tuesday."
The ECB had made it difficult for the banks to open on Monday because it decided to freeze the level of funding support it gives the banking system, rather than increasing it to cover a rise in withdrawals from worried depositors.
Amid drama in Greece, where a clear majority of people want to remain inside the euro, the next few days present a major challenge to the integrity of the 16-year-old euro zone currency bloc. The consequences for markets and the wider financial system are unclear.
The head of Piraeus Bank, one of Greece's top four banks, speaking after a meeting of the country's financial stability council, said banks would be shut on Monday while a financial industry source told Reuters the Athens stock exchange would not open.
"It is a dark hour for Europe....nevertheless from where we're sitting we have a clear conscience," Greek Finance Minister Yanis Varoufakis said earlier in an interview with the BBC.
Greece's left-wing Syriza government had for months been negotiating a deal to release funding in time for its IMF payment. Then suddenly, in the early hours of Saturday, Tspiras asked for extra time to enable Greeks to vote in a referendum on the terms of the deal.
Creditors turned down this request, leaving little option for Greece but to default, piling further pressure on the country's banking system.
The creditors want Greece to cut pensions and raise taxes in ways that Tsipras has long argued would deepen one of the worst economic crises of modern times in a country where a quarter of the workforce is already unemployed.
Pro-European Greek opposition parties have united in condemning the decision to call the referendum on the bailout terms, but people on the streets of Athens backed the decision.
"I want him (Tsipras) to knock his fist on the table and to say 'enough!'," said resident Evgenoula.
Many leading economists have voiced sympathy with the Greek government's argument that further cuts in spending risk choking off the growth which would give Greece some prospect of servicing debts worth nearly twice its annual national income.
The IMF has pressed European governments to ease Athens' debt burden, something most say they will only do when Greece first shows it is trimming its budget.
Long lines formed outside many ATMs on Sunday, including some of 40 to 50 people outside some in central Athens.
The Bank of Greece said it was making "huge efforts" to ensure the machines remained stocked.
The German foreign ministry said tourists heading to Greece should take plenty of cash to avoid possible problems with local banks and some tourists said they were joining the ATM queues.
"I am trying to go over to the bigger banks," said Cassandra Preston, a Canadian tourist. "I am here for another month and I would like to make sure I have some cash on me."
* * *
In other words, Greek speculators (and of course, those depositors who were dumb enough to still have money in local banks) just got CYNK'd - you can buy stocks all you want, but if the market is about to fall out of the bottom, you simply are not allowed to sell.
Which, incidentally, is coming to every centrally-planned, banana "market" near you...
»
- 152430 reads
- Printer-friendly version
- Send to friend
- advertisements -
Have a nice day.
Beach is just fine.
The pressure gets turned up even more. Bank closure on Monday, 1.5 billion to IMF on Tuesday, oh yeah, and Greece still needs to replenish its SDR at the IMF from last month.
How many different ways can you spell f-f-f-f-f-fucked?
How will tourists get cash to spend/buy train tickets/cab back to air port?
Coming soon to the USSA...
I do not feel sorry at all for any Greek who still had cash in the bank. Literally zero sympathy.
"Safe in the bank"
as long as you dont actually want it back
If you don't hold it...
You don't own it.
Not if you are holding onto a pair of handcuffs.
FTR, neither side here wants anything approaching anything realistic. But, since this is a nasty little banking fight, doesn't Greece have a 10 Euronote printing press? Fire that bitch up and watch the fireworks happen, I say.
Shocking that when you put together a monetary union with one currency for many economies and then allow Greece to enter with fraudulent accounting of their debt (with knowledge of the EU, the ECB, and help from Goldman Sachs) that this should happen.
Shocking.
Aaaand, it's gone.
https://www.youtube.com/watch?v=-DT7bX-B1Mg&ab_channel=HubertFarnsworth
on a practical level there are already shortages of medical supplies, how long will the people work for when they are not being paid?
if you're on holiday just make sure you don't need any medical treatment whether or not you have cash.
Tsipras said... to "remain calm"....
I feel better now.
Waylon wonders if any of these CDS are actually going to be honoured? Or whether they will only be honoured for "sophisticated investors" (Goldman, UBS, JPM and friends) and everyone else who has them will just get shafted?
Who's ready to bail out Greece?
... Russia and the BRICS will bail out Greece ...
... meanwhile, the UK's Daily Mail just discovered a great sea in Mordovia ... a land-locked republic in Russia which didn't even have a 'big' river ... in its quest to create more fake news to perpetuate anti-Russian propaganda >>> http://russia-insider.com/en/flash-daily-mail-makes-stunning-geographical-discovery/ri8356
Why would just Russia bail out Greece? They would be giving broke ass Greece a loan? At what rate? You don't think Russia wants a huge interest rate from Greece?
You don't get it. Greece will default and then issue bonds on an open market. Russia may buy an offering, but how much? They might come into 10% - 15% of a bond issue, but they're not going to float Greece all the capital they need. If they did, Greece wouldn't be Greece. They would be a vassel State of Russia and Greeks would not have that.
Greeks would not have Russia fund their bills. People will accept help but not slavery. And Putin knows this. I am not saying he doesn't. I'm saying he, Putin, in the name of Russia, when Tsiparas flew to his State, Putin told him, "I'll buy some of your bonds. Maybe we'll buy 15%."
But that's it. Putin ain't saving Greece. Greece has to default and issue bonds and get people to buy those bonds. How will they do this?
They will back their currency, named the drachma, with silver. Then the bonds will have backing; they won't be fiat.
because they can, and to stick a russian finger in the west's eye. no offence boris.
Naval port access, maybe an oil/gas pipeline someday.
On the bright side...This is very bullish for the American Dollar. I'd be long the dollar right now. Time to unload that gold.
@Soul Glow: "You don't get it."
... let me get it for you @Soul glow ... look at the bigger picture ... Greece's strategic location at the crossroads of Europe, Asia, Africa and the Middle East is a very attractive location for the BRICS consortium. We should not be talking only about bonds here. That's minor for small thinkers. Think of the win/win situation for the anti-West group (Russia along with the BRICS) and Greece's future earnings potential when they lease their ideal ports locations to the BRICS group. Think Military ports, Industrial ports, Tourism ports (cruises, etc) and other money-making ports that would be funded by Russia and China and the BRICS. Think of the money Greece will earn leasing out their strategic ports for whatever reason. No slavery here. Think of the financial help the BRICS group would lend to the Hellenic Republic for future considerations. No one is talking about 'slavery' here but you. And I'm sure that if you are not Mr. Putin, he wouldn't necessarily know that you knew what he was thinking while dealing with Mr. Tsipras (@Soul Glow: "And Putin knows this. I'm not saying he doesn't ..."). No offense, but please don't flatter yourself that you would even know what Russia's leader even said, verbatim, at their meeting. You must've forgotten as well Greece's agreement with Russia regarding the Turkish pipelines that will pass through Greece. Mr. Putin offered future earnings for the pipeline to tidy Greece up. Again, no one is being forced into slavery here. It is just business that would benefit the countries involved in rescuing Greece.
@Soul Glow: "I'm saying he, Putin, in the name of Russia, when Tsiparas flew to his State, Putin told him, "I'll buy some of your bonds. Maybe we'll buy 15%.""
... link please ... I didn't know you were at that meeting to "hear" and quote exactly what Mr. Putin said.
Even if you buy gold, in Canada, when you sell it - it still gets reported to the government's tax agency, and they could easily legislate a way to steal an even larger portion from you.
ACROPOLYPSE NOW! Is it really starting!!
My name my name. WE'RE ALL GONNA DIE !!!1!
No one lives forever...
https://www.youtube.com/watch?v=-CZCKP-H4C8
Celebrate the end of Fraud and Corruption.
It's a Dead Man's Party.
(I like Oingo Boingo. The music is so appropriate...for the Hell which is heading our way.)
Check this band out TT (crank it)
https://www.youtube.com/watch?v=n9q7EjHxYsE
W.G. 'Snuffy' Walden was born in Louisiana, in 1950.
He did the soundtrack for the four-part 'miniseries' 'The Stand' (and was nominated for an Emmy for that one), and lots of other shit as well. It included several original scores.
http://www.televisiontunes.com/Stephen_Kings_-_The_Stand.html
The opening of your video link on 'tube' reminded me of him.
https://en.wikipedia.org/wiki/W._G._Snuffy_Walden
I am the only 'Northerner' in a family of Southerners. It's a bitch, sometimes.
Upvote from me (for the link; and for the 'Stars And Bars' Battle Flag avatar).
I gotta crank it as I am deaf anyway.
I gotta a Fender like that. (Wish I could play it...but my bro is a muscian. So is my next door neighbor..)
Second cut, "Long Black Veil" sounded like a little gospel mixed in with the Country.
God bless man.
Planet 7x might make that a reality.
Here's how this is going down...
https://www.youtube.com/watch?v=HCCyvAwbbso
Not enough trees in Greece to make this print away.
Printing won't solve their problems, but it will rip the paper off of the EUs and expose them for everybody to see.
Just like One Hundred Trillion Zimbabwe Dollars......
One Hundred Treeelion Dollars!
I bet you are a darts fan
All is well:
https://www.youtube.com/watch?v=zDAmPIq29ro
Goodbye tourist industry ...
Don't count on it. If they have a deflationary collapse, they will want all the USD's they can get must to survive. 1/2 price hotels, blow jobs.... but byo food.
Why bring lots of suro's when I can pay for the whole trip with a bottle of booze and a carton of cigarettes?
Hundred bucks should just about cover it I would think.
How does one impose currency controls with the Banks and markets closed again?
Sorry but "I don't think I can make it to Athens today to fill out all the required paperwork...
<--- Silver goes UP
<--- Silver goes DOWN
Dollar looks good tomorrow compared to everything else, PMs will take a slide. I'm excited for the potential buying opportunity. Got my eye on a Pamp Lunar Goat...
<- Bitcoin goes up
<- Bitcoin goes down
If Silver goes further into the basement, I'm using a goddamn shovel to scoop it up
picked up a hundred oz monday ampex is having...a sale? lol
Somehow, someway this development will be bad for gold on Monday.
Yep. For those who forgot what happened last time.
http://articles.chicagotribune.com/2013-04-11/news/sns-rt-usa-obamabanks...
They raided the US stash, IMO. They will again, if there's any left.
Aren't those all Rothschild employees?
Posession is 9/10ths. The remaining tenth always belongs to your masters. Everything that you "own."
A week becomes ten days, a month, then two, three...
"Now here is your five US dollars that you thought your ten million suro's were worth!"
I mean seriously....YOU CANT EVEN OPEN THE GREEK STOCK EXCHANGE????
“There are decades where nothing happens; and there are weeks where decades happen.”
"Coming soon to the USSA..."
So what if the ATMs stop working in Boston? We're much too busy worrying about how Putin and Supreme Leader Ali Khamenei are out to persecute our cute little Nazis over on the other side of the ocean.
We can't waste time thinking selfishly about money. We have some serious humanitarian intervening to do!
The NYSE.will be open for business Monday...9:30 AM sharp.
Bidding starts on US Companies that will buy the entire European Continent for pennies on the dollar...
You Greek morons elected the corrupt/socialist politicians who caused this mess. Try electing politicians who don't promise you the world then spend other people's money until bankrupt.
This has been 5 years coming.
Please excuse my ignorance here, but will Greek ETFs still be traded tomorrow? Would someone smarter than me (not a very tall order) please briefly explain this? I assume it to equate to something like - the Greek economy will be closed this week, but it's stock (in the form of ETFs) will still be traded/free to plunge. Is this basically correct?
Telegraph is reporting stock market to also remain closed.
It'e hard to find humor in this I guess, but I still think it would be funny if Greece just told ECB/IMF they're fired.
The Greeks should have elected The Donald. He'd tell'em that.
Nice expiriment then.
A bit like North Korea, nobody knows how it works but it is still there.
Basically a criminal enterprise, printing fake US $100's, drugs and weapons smuggling. Oh, and Chinese charity.
Oh, wait... shit.
LMFAO!
Post of the day!
Emperor with no clothes is not a pretty site ..Thinking of Hillary Clitglorious, naked and horny ewwwwwwww
OH... Sucks to be a Euro paper currency holder hey
Where the fuck is the Can to Kick Barrasso
As long as there is still Greek yogurt America won't even look up from the trough.
Hahahahaha you think that is yogurt............
Real Greek yogurt is made with goat's milk. The stuff bought in US stores is from a cow. Not quite the same.
Neither as good as water buffalo yogurt.
Lol : www.youtube.com/watch?v=mUtSazFb5qM
Yeah Kingpin scene
From radioactive cows feeding on radioactive GMO feed.
Bon appetit!
So you're saying "just don't vote", then.
I didn't say it would be easy. Just look at the U.S. Heading down the same path.
We're just better at papering over it than the Greeks. The Squid is a US creation and it resides here.
The problem is, the Greek people seem to want the world. They're going to get austerity one way or the other, but they want neither to leave the EU, nor do they want austerity. They voted accordingly.
I agree. And now they're getting what they voted for.
In modern times, Greece has been a relatively poor country who produces very little in order to generate wealth. Until they change that they will have to stay poor (austerity).
http://www.yen.gr/media/29153/GREECE_and_SHIPPING.pdf
THey do hav e a shipping thing happening. But still, the entire Greek economy is roughly the same as that of Paris, France.
http://www.yen.gr/media/29153/GREECE_and_SHIPPING.pdf
Eunice had a diner and hired a cook, Greg. After a few months she offered Greg a great deal. Greg could buy a $400k house and she would hold the mortgage. But over the years Greg got in the habit of coming in late to work or sometimes not at all. Greg became a part time worker that liked to stay out late and party. Greg started missing his mortgage payments to Eunice. The value of the home also was declining significantly. It put Eunice in a tight spot. Greg couldn't even pay the interest payments let alone pay down any principal. Eunice had a choice, she could demand Greg start working full time plus overtime and stop partying or she could just let Greg continue his old ways. But Eunice knew other workers were watching and if Greg quit, he might find another place to work, maybe even get the other workers to leave. Plus she would lose money on selling the house. But Greg had his own dilemma. If he started working all of those hours, what would he get out of it? Stay in a house that isn't what it used to be? All of the extra money would go to Eunice. Plus Greg wondered if he could change even he wanted to.
TO BE CONTINUED....
So, Greg knocks up Eunice and let her parends pay for the wedding.
U sure that it was not Greganinopolis?
If this is supposed to be a parable based on the EU/Greece debacle, be sure to include that Eunice went down into her basement and printed up the money she lent Greg to buy the house. Then let's see how you get everyone to feel sorry for Eunice when she didn't have to work for that money but Greg is expected too?
Wait, What? So there was no German/Dutch/France I loan you what you want and we think you are good for it involved?
Greece does have a printing press but i don't thing i'ts a large one Y because it stand out if they overprint, unless they cheat....
Fiat is a ponzi scheme. IMO the Greeks should print, just to bring it down. It won't solve their problems, but it will expose everybody else's. But then again, their current course of action might just do that too. But I say throw a sabot into the gears just for good measure and print.
The biggest FIAT CON ever was to get the people of the world to believe is that wealth comes from a printing press!
Oh, you mean like we don't do here in the US?
Bitcoin?
The correct statement: Bitcoin users are not affected.
Decentralize all the things!
Ctrl-Alt-Del
Do'h...
The correct statement: Bitcoin users are not affected.
Decentralize all the things!
Banks closed starting Monday so they can scrap up the Euro !.5B in cash to pay the IMF on Tuesday before the deadline.
Nope. Banks closed for a week while they print Drachmas and make software changes.
there was already a note today in europe for tourists traveling to greece to take notes with them....
think holland officials had that tip
easy prey for desperate people down there
No one is talking about what the African immigrants are going to do. There aren't enough troops in Greece, probably not in the EU to put out the fire coming when they link up with the anarchists.
Did anyone confirm whether plastic still works for purchases?
It's going to be a bitch to get gas money to get to the referendum.
A post so nice I said it twice.
PM's and weapons in the safe, food storage for several months, a garden, traps and stored fuel. Some solar panels and a battery bank. A friend that is a doctor who stashes meds and supplies at home.
Let the banks close.
Wake me up when the situation sorts itself out.
You forgot the "perimeter alarms".
There is no such thing as 100% prepared for what's coming. Make sure your basic needs are able to be met, then be flexible.
Death is 100% coming all else is gravy.....
And i'm like the rubber band man ;)
Is this what we all thought would come about, is this event the spark that begins a great unwinding, blame ,arguments, false starts, is it possible that we will across the globe behave civilly? Maybe we won't kill each other, it would appear that cooporation will be in demand? These Guys have been very good at fixing things at the last minute, Oh false alarm, sucked you in again, got your hopes up, only to be dashed.
Are you a bot?
I did not get your point, maybe i'm low on alcohol....
This should be a wake up call to all the sheeple in the world! All western .govs and banks are in trouble.
He who gets his fiat out of the bank first wins.
ALthough most sheeple will say " oh this is Greece it can't happen here"
Eh, fiat is paper with a promise to, well, to have buying power to buy face value.
But it still is paper.
So fiat out of banks, yes (not that there is enoug with fractional reserve banking) and then what, paper is paper.
We have great perimeter alarms,
but we call them dawgs;)
Goddamn intimidating www.chiwawadog.org/wp-content/uploads/2013/06/Chiwawa-Dog.jpg
;)
Dawgs and geese are better.
Even the NVA hated the geese.
Geese are something else, if you have a troup like 10 or more they take turn having wach, 2 keep post and any sign of trouble they go loud, and damn they pack a good punch and give you bruze.
Eggs are a bonus
http://news.nationalgeographic.com/news/2013/07/130725-geese-guard-polic...
One of my neighbors had a gander that would always attack any male that would walk into the yard. He always went for my shins, which are protected by boots, so while he was attacking me, I'd reach down and pet him. He'd eventually get frustrated and waddle away all pissy that he couldn't make me run. Quality entertainment.
Drachma baby, here we come.
Contained.
I'm sure there will be no contagion effects whatsoever.
sarc/off
There might not be any way to return to national currencies actually...
There is a way. But there is NO TIME.
We are running out of TIME rapidly.
Civilization is disintegrating right before your very own eyes.
Far too many are just too blind to see it.
Nation States will become irrelevant as there is a lack of commonality and community.
Currency is that which is common to all.
But when currencies die, that which is held in common is destroyed, and the fractures in any society widen to the point to where no cohesion is possible.
The outcome of currency death is generally a Civil War as factions from within begin a violent struggle to take power.
Europe will end up as a 21st Century Third World War Battlefield (what's new?) and will be totally devastated.
And then that scenario is headed toward your beloved USA faster than you may care to imagine.
Your posts are complete rubbish.
Nice label.
Demonstrate different.
Don't worry, the ATMs will be filled with Drachma on Tuesday
Rubles...
Double post
Double Post
Is that like a paper doubloon?
Yuan
bitcoin user not affected
Go pump gas with your bitcoin. No, thats why bitcon is only used for gambling. Chips at the poker table.
go buy a gallon of gas with your silver coin. It will be funny watching you try to slice off the correct amount of metal from your coin and then persuade the vendor of the weight and purity. However if you both have smartphones or tablets then bitcoin is perfect for buying gas or an apple.
The point is i could over pay for gas, could you. Who takes bitcoin? Really i would like to see that on youtube. The value of bitcoins is in your head when the banks close. For a gold or silver coin not so much, theres even a dollar amount on that coin if you need that gas more then you need that coin.
http://blog.giftcardzen.com/2013/09/04/can-i-buy-gas-cards-with-bitcoin/
Thanks for that link. They even have Costco, Tractor Supply, Williams-Sonoma, and several other places that I conduct business and all at a slight discount.
What you seek may not be at the gas station? I don't take bitcoin, but their are some things that will be tradable and recoginizeable to a fairly wide variety and bitcoin is not one.
This is what coin shops and pawn shops are for. Family heirlooms are being drained into pawn shops.
PDF
https://www.kansascityfed.org/PUBLICAT/ECONREV/econrevarchive/1990/1q90c...
Funny thing is, you might be able to do just that before too long in any number of failed European states.
The blockchain has made most of the internal functions of the government obsolete. Now their only legitimate role is defense and border security. Colored coins cover pretty much everything else. Just a matter of time before the people adopt them. Then there will be no going back.
Not happening...
The Bitcoin peer to peer blockchain is fundamentally mathematically broken. The bitcoin network is capable of about 7 (yes SEVEN) transactions per second[1]. Go look at the charts of peak volume per day.
Visa on the other hand can handle tens of thousands of transactions per second.
The blockchain doesn't scale. Look for them to "change the blockchain in a trivial unimportant way" at some point in the future, negating any and all benefits it ever had. Bitcoin is laughable.
[1] https://en.bitcoin.it/wiki/Scalability
Blockchain does scale. My nodes can already handle 120 transactions per second and I can configure them to handle 1200 or 12000 transactions per second any day.
there is a parameter in bitcoin called MAX_BLOCK_SIZE , this is a software switch which limits the size of each block , currently 1MB but I have already set mine to 20MB and can upto any size necessary.
Eh, no.
All transactions you process have to be transmitted to all the other network nodes for verification. If they limited it to just you doing the processing, there would be no problem. But then it wouldn't be very distributed/peer to peer, now would it?
More and more nodes are moving upto 20MB block size , by the time we see the 7 TPS limit the majority of nodes will be set to 20MB block size , the next jump will be 200MB block size , this will handle 1200 TPS , won't be long before we see 1000TB Hard Drives for 100 dollars , bitcoin scalability is a non-issue.
What are you, some kinda crazy technician?
Doesn't bitcoin require working infrastructure; like electricity and internet access? How does it work in a disaster scenario?
If there was a world-wide problem large enough to take out the bitcoin network then bitcoin would be the last of your worries. Many bitcoin nodes are hardened from EMP and are running on solar panels off-grid so the chance of that is very low. Most networks now use fibre optic which is resistant to EMP along with datacenters which are Faraday screened. Bitcoin is extremely resistant to many forms of attack.
Now if someone could just drop off a few hundred crates of mil-surp Mosins and spam cans of 7.62x54r, the Greek people might be able to recoup some of their losses from the international banksters. Sadly, they'll just have to bend over and hope the banksters are kind enough to use lube.
Can you own a gun in Greece.
Can you own a gun in Greece.
Legal? not a clue
Have one? Just like anywhere on Earth, bring the green (or whatever flavor) and it's a deal.
You need a police permit, and very few get it. But there are plenty of illegal guns, not with the common people tho
Greece will be better off, short run mess and they more than likely all get stuck with more burden, they are not hopless in anyway, we all want to make it, they are a long lived people
Greeks with bank deposits on June 28th - haha
https://youtu.be/l4UFQWKjy_I
"No soup for you!"
As soon as we realize that any money we have is "ours" only temporarily and is ALWAYS the property of the bankers then we will see how the money really is "SAFE" in the bank...
I wonder how fast this will spread.
All of this over paper.
Yep...
Indeed:
https://www.youtube.com/watch?v=GHYshqcotb4