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Europe Brings Out The "Capital Controls" Bazooka
Here we go:
- EU SOURCES HAVE DISCUSSED IMPOSING CAPITAL CONTROLS AS WORST CASE SCENARIO IF GREECE LEAVES EUROZONE - RTRS
- IMPOSING BORDER CHECKS, LIMITING ATM WITHDRAWALS ALSO PART OF WORST-CASE SCENARIO PLANNING - EU SOURCES - RTRS
- SUSPENSION OF SCHENGEN ALSO DISCUSSED
In other words, that money you thought you had... You don't really have it. We can only hope this message was not meant to restore confidence and prevent future bank runs. Because if Europe wanted a continental bank run, it may have just gotten one.
This is getting scary very fast.
Full piece from Reuters:
European finance officials have discussed as a worst-case scenario limiting the size of withdrawals from ATM machines, imposing border checks and introducing capital controls in at least Greece should Athens decide to leave the euro.
EU officials have told Reuters the ideas are part of a range of contingency plans. They emphasised that the discussions were merely about being prepared for any eventuality rather than planning for something they expect to happen - no one Reuters has spoken to expects Greece to leave the single currency area.
Belgium's finance minister, Steve Vanackere, said at the end of May that it was a basic function of each euro zone member state to be prepared for problems. These discussions appear to be in that vein.
But with increased political uncertainty in Greece following the inconclusive election on May 6 and ahead of a second election on June 17, there is now an increased need to have contingencies in place, the EU sources said.
The discussions have taken place in conference calls over the past six weeks, as concerns have grown that a radical-left coalition, SYRIZA, may win the second election, increasing the risk that Greece could renege on its EU/IMF bailout and therefore move closer to abandoning the currency.
No decisions have been taken on the calls, but members of the Eurogroup Working Group, which consists of euro zone deputy finance ministers and heads of treasury departments, have discussed the options in some detail, the sources said.
As well as limiting cash withdrawals and imposing capital controls, they have discussed the possibility of suspending the Schengen agreement, which allows for visa-free travel among 26 countries, including most of the European Union.
"Contingency planning is underway for a scenario under which Greece leaves," one of the sources, who has been involved in the conference calls, said. "Limited cash withdrawals from ATMs and limited movement of capital have been considered and analysed."
Another source confirmed the discussions, including that the suspension of Schengen was among the options raised.
"These are not political discussions, these are discussions among finance experts who need to be prepared for any eventuality," the second source said. "It is sensible planning, that is all, planning for the worst-case scenario."
The first official said it was still being examined whether there was a legal basis for such extreme measures.
"The Bank of Greece is not aware of any such plans," a central bank spokesman in Athens told Reuters when asked about the sources' comments.
The vast majority of Greeks - some surveys have indicated 75 to 80 percent - like the euro and want to retain the currency, something Greek politicians are aware of and which may dissuade them from pushing the country too close to the brink.
However, SYRIZA is expected to win or come a strong second on June 17. Alexis Tsipras, the party's 37-year-old leader, has said he plans to tear up or heavily renegotiate the 130-billion-euro bailout agreed with the EU and IMF. The EU and IMF have said they are not prepared to renegotiate.
If those differences cannot be resolved, the threat of the country leaving or being forced out of the euro will remain, and hence the need for contingencies to be in place.
Switzerland said last month it was considering introducing capital controls if the euro falls apart.
In a conference call on May 21, the Eurogroup Working Group told euro zone member states that they should each have a plan in place if Greece were to leave the currency.
Belgium's Vanackere said two days after that call that it was a basic function of each euro zone member state to be prepared for any eventuality.
"All the contingency plans (for Greece) come back to the same thing: to be responsible as a government is to foresee even what you hope to avoid," he told reporters.
"We must insist on efforts to avoid an exit scenario but that doesn't mean we are not preparing for eventualities.
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Run Forrest, Run!
Welcome to the EUSSR!
money? we don't need no stinking money! Money is for capitalist pigs! Here in Euroland we all live on welfare, and it's FAAANTASTIC!
Run and withdraw all your money Forest, before they impose the capital controls!
Dont think the Europeans care, they got their eyes glued to the TV set watching soccer.
Just like Americans, only replace soccer with football or DWTS. Same effect.
Yeah but what ever the Europeans do we can do better. We are Americans. We are the kings of the slackers.
'It's GOOD to be the King!' 'Oh pissboy!'
Capital controls...
"...and that will be the end of all the markets, that will really be the finish..."
Coming to America very soon...
The only "Bazooka" that would be worth anything would be one that could be leveled at the heart of the beast and destroy the madness of these financial zombies. A bazooka by any other name is just a heroin fix.
We need a global currency and global government to solve this problem.
The corruption and central planning of a world body will lead to a very good result - Forward!
What we really need is Charlie Munger sewing euros into his corset. Aw, screw it. Gold is much better...
Did we forget the <sarc> tag???
If not....cold wall at your back...cold steel in front of you.
The "top" will drop.
"IMPOSING BORDER CHECKS, LIMITING ATM WITHDRAWALS ALSO PART OF WORST-CASE SCENARIO PLANNING"
"make it so"-Capt. Picard
IAS - you've been watching too much Seinfeld.
Laugh when things are amusing not when the laughtrack or "laugh here" or "sarc" sign is posted.
Central planning as a solution is pretty funny with or without any sarc tag.
I've got-ya. I was merely pointing out what I would like to see for the bankers and traitor politicians.
You can stay on the "steel" side. If you need to borrow some, I can help you out on that issue.
Used to play with these, they would be worth something - to hell with metaphors.
https://www.google.com/search?q=bazooka&hl=en&prmd=imvns&tbm=isch&tbo=u&source=univ&sa=X&ei=1jvWT6GuBMLa0QHk1IjAAw&sqi=2&ved=0CIgBELAE&biw=997&bih=676
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Rollover was a good movie. They will tell us what they are going to do before they do it. The funny thing is that movie was made in 1981 yet they'll say today "who could've seen this coming?"
"...bullion: grab what you can get. All right let's hit it... and pray.
"We are the king of slackers"...
~~~
LOLLYGAGGERS!
http://www.youtube.com/watch?v=pLMl0CLIDLg
Not anymore. Homelessness is Illegal now in some cities.
Oh great... Make a 'law' against homelessness (so that the court costs & prison costs can be heaped on the taxpayer)...
You can't take a shit these days without some banker trying to figure out how to make some money off of it...
gotta make more laws to justify the law enforcer wages.
and the toys for the enforcers, like drones, water cannons, noise machines, stun guns, and all that fancy helmetry, etc.
which is all taxed-payers monies - all of it, used against us all, on a long enough time line.
People who travel on the New York subway system in the middle of the night in empty cars have been arrested by subway policemen because they put their feet on the opposite seat!
http://www.nytimes.com/2012/01/07/nyregion/minor-offense-on-ny-subway-ca...
Millorganite.
We have that here. The charge is "urban camping." No shit.
It's not being homeless that's illegal. It's being homeless in place. As long as you keep moving it's OK to be homeless. However you better keep moving at a steady pace - not too fast, and not too slow. Too fast and it looks like you're running - a sure attention-getter. And too slow looks like you're trying to find a place to rest for a little while. Not allowed. It's called loitering. So just keep moving - and keep those damned kids quiet too - we have noise ordinances you know. What - they're hungry? Let them eat cake ha ha ha ha ha.
Whew... I'm so glad you cleared that up... LOL
This whole Greece, Spain, Eurozone troubles are all going to spread globally.
Everyone is getting affacted, but on different levels.
Our Economy is already on shaky grounds
-
http://www.dailyjobcuts.com
So this is just another blow.
This doomer fear mongering is just extension of the backlash against reasonable state controls on the movement of people and capital. Being anti-TSA, anti-DHS etc. was cool for a while, but now it's just getting lame. The new youth get that we need to take measures against terrorism, foreign and domestic, and while it may have been trendy to be against it, it's become immature and annoying.
Bonehead! Face it, you're a twit!
I love laughing at, you posts!
I was walking into the gym the other week and this (no joke), twit looking mofo was walking out wearing a pair of perfectly pressed khakis and a powder blue golf shirt with FEMA embroidered in it... Perfect haircut, looked like a real dweeb...
First thing I thought of was its either MDB or Max Fischer...
This him?
https://www.youtube.com/watch?v=PIuJi246aEg
Francis,
If really want to know, my preferred attire for around the house and out and about is a "forever lazy":
http://buyforeverlazy.net/
Yes, I'm not afraid to admit it. Forever Lazy's are a smart convenient way to keep warm without the hassle of regular clothes. I'm always ahead of the curve - never afraid to adapt to new fashions, regulations or state-controls. I'm part of a new generation of American citizens - Smart, Patriotic, and willing to make sacrifices in order to be a responsible citizen, even when those sacrifices involve social disapproval or scornful attacks.
LOL
MDB... You're a 'National Treasure'!... I'm guessing MF wears the 'Hanky Pinky'...
Note: francis_sawyer has firsthand knowledge of this... His friends call him 'Cruiser' (because he likes fast cars & fast women)...
We should all go out and join the Hitler youth. We don't understand how der Fuhrer just has our best interests at heart. Finally, after watching a little Leni Riefenstahl, it is all very clear.
I'm just glad that instead of those silly uniforms, we all get to wear ForeverLazy this time around...hopefully in the hot pink variety. (Don't bother to correct me by saying it is fuchsia.)
Joy Through Strength!
no, wait - Strength Through Joy!
no, wait -
Screw it, I hate fuchsia anyway.
I can't figure out whether you are a scumbag traitor to your fellow Americans, and getting paid to spew this drivel, or if you are just a coward who craves the approval of those whom you perceive to be "authorities".
You may be a freak but you are OUR freak MDB!
$, Which government agency did you say you worked for???
MDB your good for laughs, but you hit a spot with me that sets me on fire. Go read some history my friend. A young Jew asked a survivor of the concentration camps why he never left before he was taken to the camp. His response was one I see from people all the time. His response was, "they took our rights very, very slowly until one day the Gestapo appeared at his door". " We thought it would get better in time. The same thing is happening to us in the USA right now. Our rights as citizens are being taken away silently and being eroded daily. Some day your bonus will belong to the Government when they come and confiscate all you own and all you have. I am old and will be dead most likely but there is no doubt in my mind where the USA is currently headed. To be honest if the problems in Europe were not there right now, things would be alot different right now in the USA. Once the Euro problem blows we are next. I have no doubt about it.
The federal government is not even hiding it anymore. Go apply for the new FEMA camp job positions the fed is advertising. You might as well be a guard as opposed to a resident of the camp. Security is one thing but giving up all your rights in the name of security is just plain stupid and you will deserve what you get. We always repeat mistakes that happened in the past.
Hell France had more freedom when voting for their president then we do, but I am sure you will never see it.
If you haven't ever read Mayer's "They Thought They Were Free" then I highly recommend it. Interesting accounts from across german society on how the Nazi bullsh*t could ever happen...
http://www.press.uchicago.edu/Misc/Chicago/511928.html
Oh yeah, the 'new youts'...turning out like mini-me's of Jon Corzine...
http://www.youtube.com/watch?feature=player_embedded&v=ihLBCbNIDbI
This actually is painful to watch...
I wonder if this happened before or after Obama came up with the phrase about redistributing the wealth. The girls exhibit the perfect liberal mentality: what's yours is mine. If it were up to me, I'd have thrown the girls' parents into jail.
Syme is that you? How's the work going on the 12th Edition of the Newspeak dictionary?
Quoting MDR: This doomer fear mongering is just extension of the backlash against reasonable state controls on the movement of people and capital. Being anti-TSA, anti-DHS etc. was cool for a while, but now it's just getting lame. The new youth get that we need to take measures against terrorism, foreign and domestic, and while it may have been trendy to be against it, it's become immature and annoying.
Best laugh I had this morning.
So when they ship you to a FEMA camp after your usefulness as an idiot is done, you will finally learn that 'reasonable state controls' also applied to you. Remember to skip the showers.
Hell, I hope these FEMA Camps are opening soon... since after the bankers looted my life's savings by blowing the housing fraud bubble and then by paying no interest on any cash savings I managed to sock away, which forced me to dip into the principle every month, FEMA has become my retirement plan! A bologna sandwich and a cot, surrounded by like minded former gold and silver owners, health care - anything's better than having none at all, which is what I have now - I can't wait to get on the FEMA Train to the Camp Nearest Me. :)
I am not replying to MDB... simply taking his place marker...
Anyways, the way I see it, TPTB are saying "GET YOUR MONEY OUT NOW!"
The whole thought of "trying to prevent a bank run" creates the deliciousness....
Of course they have contingency plans, but the reason they're letting the cat out of the bag,imo, is to fear-monger the Greeks to not elect guys they don't like, i.e., "don't make us hurt you."
I'd love to see every Greek at the polling place look up at the survellance camera and boldly flip a big "fuck you" middle finger before entering the booth to cast their vote.
It could catch on.
This is their chance to take down the banksters.
Sure, they'll be scapegoated in some quarters, but being Greek will forevermore mean that you'll be welcomed with respect by many more wherever you go in this world.
Bring back the Spartans, bitchez!
Ha Ha. Poster child for the contraception lobby...
Sir,
Define "Terrorism"?
That Joke isn't Funny Anymore
Being anti-TSA, anti-DHS etc. was cool for a while, but now it's just getting lame.
Being pro-freedom is lame?? So... why don't you move to your paradise, North Korea?
This is Bullish right?!
Don't worry my Grecian friends. Your euros will be lost, but the Government has a plan to replace them with tungsten. Oh wait, that was another plan.
No way. Tungsten is a hard asset.
Its bullish as long as the oompapa band doesn't stop playing. After that its Bearish till they stop shooting at each other. Then its bullish again ...
If an economy falls in the forest and noone is around to hear it because they're all in line at ATM's, does anybody hear the implosion?
http://www.ladyofthecake.com/mel/world/sounds/youcare.wav
Fast Forrest, run....
http://www.youtube.com/watch?v=5R_HIcE_TIE
"Come back here, you!"
Bizarrely, so fiat is fleeing TO the ruble and Russia from periphery. Meanwhile, megabillionaire Russians continue to buy the Med. periphery coastline. Turkey to Greece, Montenegro to Iberia. Lots of islands and yachts between.
Just last month our start up company launched an exciting new product to raging success. We are now the World's best guillotine manufacturing company. Demand for our product has been extremely high and largely well received except for one product defect.
Our original model was intended to kill bankers slowly, with a great deal of pain. The jagged edge blade was intended to only partially cut off the offender's head on the initial drop. This feature was intended to allow the executioner the opportunity to retract the blade, leaving the offender writhing and wailing in pain.
Unfortunately, there have been reports of our product lopping off skulls on the first drop, thus leaving crowds disappointed. These mobs want a justice equal to the pain they have suffered, not quick painless retribution. For this defect our company offers a sincere apology.
We recommend, in the future, switch men drop the blade from lower heights, or simply email us and we will send you free of charge two rusty and dull axes which can be used to remove the feet of your scumbag banker right before the crowd drags him to the stage.
And again, thank you for your business.
Chief.
http://annoyanidiot.blogspot.com/
Yes, yes... bankers, but what about the lawyers and politicians?
Remember you have to remove every trace of the virus in order to be cured.
Our attorney recommended that we should not market this product for that use.
It all began with a complicit MSM.
This entire ponzi would never have achieved liftoff or escape velocity without a complicit MSM, now that apogee has been reached and the ponzi is flaming back to Earth, Never forget the MSM and it's pivotal role.. Save some room on the stage Chief knocAhoma...
Aww come now, banksters are suffering too as Blmbrg reports:
Greece Threatens Wall Street Jobs in Third Trading Plunge"Wall Street bankers and traders, given hope by a market rebound in the first quarter, are now seeing earnings and paychecks threatened by turmoil in Greece in what is becoming an annual cycle."
http://www.bloomberg.com/news/2012-06-11/greece-threatens-wall-street-jo...
Who, me run? Hold on...too busy grazing.
I was thinking of Run Lola Run:
"A young woman in Germany has twenty minutes to find and bring 100,000 Deutschmarks to her boyfriend before he robs a supermarket."
Broomer
Not in the same spirit.
Great movie though.
The Greek version wil be called "Run, Mr. Panos Run"
A flip-flop wearing overweight Greek man in shorts and a wife beater has one business day to run around Athens and get 100,000 euros out of his news-ignoring Grandmothers various bank accounts before the country goes bust. Sort of like the Balkan version of the Blues Brothers meets Run Lola Run ...
Things to expect in the movie ...
The movie will have a bitter sweet ending. After Mr. Panos gets all the money out, German capital controls kick in and he can only exchange the money for Drachmas. So next day he's back at the bank depositing the money again.
Get Mr Panos to start a kickstarter for it and I'll donate.
+1!
That's a good one!
Shit, one business day is too tight. Give the man a week!
Talk about going full retard!
what is full retard is their willingness to speak the truth. i thought they were supposed to deny/ lie? what happened to "if greece leaves, it will be nothing more than a blip on our screen" kind of statements?
i feel like a tracker who has lost the ability to follow animal prints.........how are we to know they are one step away from doing what they normally state they arent going to do when in fact they are admitting they will do it?
Family member received a call from the bank today. Bank says there is a federal law limiting how often you can pull money from a savings account. All she was doing was moving it to checking when she needed to, maybe a couple of times a week. Both accounts in the same bank.
First it was the amount you could pull daily, now it is the number of times you can pull your money out.
When did this shit happen in the US?
that banking law has been there a long time. it means that you have a limited amount of transfer transactions per month going from the money market savings to checking, after that you are penalized, but you can still do it. sorry, that is not anything new, and is not indicative of the coming armageddon.....
in many countries the amount that you might draw makes the difference between a checking account and a saving account, the latter giving you more % because it's lent to others on a longer term basis
IF the account she was moving money out of was a money market account, then, it has aslways been that way. I think it is 3 or 6 transactions per month.
edotabin
Regular savings.
careful, often you don't have dollars on a money market account. you have "dollar equivalents". because in reality it's EURos!
check the small print and search for the word "dollar equivalents"
buhahahahaha!!!
Like someone said below. All your fiat are belong to us.
Unless you have it in front of you, IT AIN'T REALLY YOURS!I would question receiving a call. Went to my CU because of this today, had no issues with number of transactions or the amt w/d.
"no one Reuters has spoken to expects Greece to leave the single currency area."
Ha ha....as if they would admit it.
Are you guys compensating Reuters in some way for this story? If not, way to steal an entire Reuters story which they ran as an "Exclusive" without even providing a link. And you guys bitch when people recommend using an adblocker...
http://www.reuters.com/article/2012/06/11/us-eurozone-greece-capital-idU...
There's an embedded link in the word "Reuters". Maybe you missed that?
It wasn't there when they first published, genius. And it still doesn't make up for copying the entire article.
Question - Do you expect Greece to leave the Euro?
Answer - No.
Okay thanks, we won't talk to you.
all your fiats are belong to us...
Don't count on holding gold when men with guns want it
I wonder how many gold holders also hold guns.
fuu
Doesn't matter against a drone or SWAT team.
Like water pistols aganist tanks.
I guess you need to buy larger guns...
Anybody thinking they will stand up to a tactical team either needs to reassess the situation or admit they have a death wish.
Death wish, yeah; it's called war.
Apparently you can't justify participating in that yet.
Was the victim of a tac team no knock myself (oops, wasn't doing what they were supposedly there for), and yeah, I have plenty of guns. You go limp instantly or you're dead before you can even draw one, much less go get one out of the case. That's the reality.
There's that scare tactic again, bury or sink the stuff and they can never find it. As I have said before nobody was charged or arrested under executive order #6102 it is just a scare tactic for morons to hand over their gold willingly. They don't have the resources to go door to door with swat teams looking for gold. This fear mongering should be called for what it is and squashed.
6102 was used to remove gold coinage and gold certificates (the existing 'dollar') from mass circulation and was followed up by the gold reserve act which also voided contractual gold clauses. If you had gold, there was no way to lawfully transact in it for over forty years (outside of use for 'artistic purposes'). If you had gold certificates and turned them in, you took a haircut in purchasing power. Gold certificates became legal to own again in 1964 (though non-redeemable) and if in good condition today can fetch many multiples of the face value as collectibles.
SWAT team members have families too.
More bullets too and make some molotovs....
Tell that to the Mujahadeen.
A drone or swat team doesn't matter against an armed citizenry. Might as well use those things to try to stop the tide from coming in.
Fine. Bring on the tanks, bring on the TAC squads, bring on the drones.
Lets get this fucking party started BiTcHeZ!
http://www.youtube.com/watch?v=tEM3dW2oWW4
When there are tanks in the streets TPTB have already lost. There will be no more keeping the sheep passive and ignorant.
buying gold was the catalyst of me being a gun owner http://www.prepperyogini.com/
Don't plan on relieving me of my gold when guns and brethren are defending it. In 3 different locations.
mayhem_korner
Tell that to the drone.
It won't give a shit, neither will it's controller.
Loose lips sink ships. If you have physical hard assets, STFU!
Go troll and promote fear somewhere else, like they are going to call in drone strikes or swat teams for gold holders when there is mass civil unrest, food riots and a possible civil war.
best check now whether your state has "confiscation laws" such as, say, California - incentives for each local forced policing to "find" anything labeled illegal, allows them to take everything, including property, and add it to their local fiefdom coffers. . .
whose says pirates need to be on the high seas?
u need to think outside that box they've built for you.
drones still need operators and support techs to maintain them...............and creatures like the politicians and their banking masters that give the orders that make them fly. if you wait to decide for whom the drone tolls, thats our own fault.
hats off to Picketts charge, a real A+ for bravery. Complete F- failure as an effective strategy. when the centers too strong, roll the flanks
Simply find the drone base and destroy it.
Easier to scramble the drones satellite uplink with a microwave transmitter/repeater, predator and reaper drones can be controlled from the other side of the planet using these links.
All you need is a pair of really big scissors to cut those power lines. Or punch a hole in the pipeline.
That is quality humor Sandmann. Let the junking commence!
shocking, Sandmann advocating guns and ammo first and then gold and so many junking him. what has ZH become! oh, woe me! ;-)
What if I have the gold AND 5x their guns? Hypothetically speaking of course....
They can always set your compound on fire. Waco anyone?
one thing am sure of, is that you wont die with honor.
I had a boating accident. How will they find it or even know I ever had any gold?
I'm pulling my few remaining euro's out tomorrow. Today of all days has finally motivated me to act.
The next step after the BANK RUN (withdrawal) is to stop said currency from depreciating by buying Physical Gold and Silver!
Smart move...if I had Euros in a European bank, I'd take them out too.
and what would you do with it?
This is the logical outcome. After all within 3 years the USA will impose Tariffs on China as will the EU and let Asia implode. The alternative of watching Western Civilisation collapse into the kind of mess the USSR was after Russia collapsed may not be appealing
Interesting conclusion. Stop cheap Asian supply and it's Asia that collapses? It's possible, but I wouldn't want to be at the local Wal-Mart when the gravy train derails.
It really seems like a fundamental disconnect among people thinking that the producers will suffer more than the consumers when their dysfunctional yet symbiotic relationship is finally deemed toxic beyond repair.
Still for the most part China is a producer of luxuries (although the west is letting some very critical industries get outsourced, so how long that remains approximately true is an open question). Live would get less comfortable without China, but we wouldn't starve.
"It really seems like a fundamental disconnect among people thinking that the producers will suffer more than the consumers when their dysfunctional yet symbiotic relationship is finally deemed toxic beyond repair."
I'm sure we can break the cycle of taking discretionary money and using it to buy crap that hits the landfills in no time flat. That Wal-Mart junk people think they need to survive is but another illusion of middle class manifestation.
The real truth, I suspect, is once society weans itself of the 'Beanie Baby mentality' and starts to value quality goods that actually have what could be described as 'purposely functional' traits, and a shelf life longer than the credit card payoff, it may indeed be the producers who are found to be the ones suffering.
Nowhere in the food, clothing, and shelter equation does it stipulate you'll need a George Foreman grill, a 45" Plasma screen, and Crocs clogs to survive.
Those producers need to sell that stuff, but people don't need to buy them. There's a reason the self storage industry is so huge, and it has nothing to do with logical thinking on the part of consumers, btw.
The Schengen Agreement is dead
I wish that were true
First it comes slowly, then all at once...
http://www.ansamed.info/ansamed/en/news/sections/politics/2012/06/07/Imm...
The Schengen Agreement is dead! Long live the Schengen Agreement!
Yeah, those tariffs are overdue. I'd start with import restrictions on rare earth materials, heavy metals like tungsten and cobalt, and add a few high-tech ARM chips for missile guidance systems for good measure.
Civilization? Where, I can't see one.
Not logical at all. The US likes printing worthless paper and exchanging it for the hard work and real resources out of China. If anything China will back out of the deal, once a better currency is available.
They're already buying gold as fast as they can without spiking the price on themselves. They know exacly what's going on.
What a bunch of idiots
worst case scenario my ass.....those neo-nazi european unionists have lusted after other people's money since time immemorial....this theft is another step in their quest to realizing the 5th reich - the 4th reich already well established in amerika.....
Guess I should postpone my Greek vacation...
... I would suggest indefinately ...
Believe it or not, my girlfriend was trying to talk me into a Greek vacation about 3 weeks ago. Had to go and find some youtube videos to talk her out of it.
That's like shying away from the US because you saw crime in Detroit on the tee vee. Just stay away from the poor slums and inner cities - good advice anywhere/anytime.
I'm sure the values are great there now in the sea side resorts and small towns. Even better after the devaluation.
Depends...if you're alone and in good shape, you should be fine. However, Greece won't be a place to take the family on vacation this summer. Riots and thugs could easily separate you from your wife (and children).
Jesus. Do people have no idea what it is like in Greece away from Athens and the other major cities?
Most of the islands and rural regions will sleep through this, whatever happens. They have been through this kind of shit before, and those white-washed villages will look just the same on the other side. The place is full of farmers, fishermen, tight communities, and they will be so fine and so chilled about this in comparison with city folk from points north and west. Avoid Athens, sure, but you can fly staight to many of the islands, and they will be paradise this summer because so many scaredy-cat tourists have stayed away.
[soon as the drachma is back, I'm there!]
I know quite a few people going (I guess because it's cheap)
but idk I've been known to go to some sketchy places at sketchy times makes for a good story
This has got to be super bullish right? Right? Right???? Robo????
Are they trying to intensify bank runs?????
The words "nobody panic" causes more panic than any others, methinks.
At least they remembered to bring their Spiderman towel.
Okay guys...I'm out of here. Headed to the retreat.
wont this be somehow spun as bullish?? or is it now just sell whenever they say somehting..
Hold me! Lyndsey Williams right again!