Just a quick plug, in case you care... the citizens of the small nation of Cyprus have had 10% of the value of their savings accounts seized over the weekend to bail out bad bets on Greek debt... not a voted tax, but literal confiscation of funds to cover bad bets that should otherwise send a financial entity into BK immediately.
This is the test model... will the citizens stand for it? Would you, if you were told that your bank was closed until "further notice" and everything you thought you had "saved" was immediately reduced by 10% on the whim of a government?
Do you think it can't happen here? Do you think the IRS doesn't have a 100% read on your retirement account?
Things to think about...
http://www.cnbc.com/id/100561018
Results 1 to 20 of 75
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03-17-2013, 05:35 PM #1Maverick
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A quick update regarding sovereign freedom and financial abuse
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03-17-2013, 05:39 PM #2DS Supporter
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nah, we can print money until the cows come home, krugman says its cool so we're all set...he won some major award
buy bonds is my advice
I hate being bipolar, its awesome.
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03-17-2013, 05:42 PM #3DS Supporter
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Something really ugly is coming our way
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03-17-2013, 05:44 PM #4Maverick
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Yep...
Originally Posted by George Costanza
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03-17-2013, 05:47 PM #5Maverick
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Some dude's platform in the 2008 election was to abolish the IRS. I was so pushing that button on election day.
Tell ya what, though... taking 10% and having ALL national debt eliminated, in exchange for my investments going through the roof on the promise of a stable economy? For me, its a no brainer... I'd get the 10% back within less than a week.
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03-17-2013, 05:48 PM #6DS Supporter
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They start with personal freedoms, then guns, then this crazy shit. Scary.
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03-17-2013, 05:48 PM #7DS Supporter
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What about taking 10% savings to save a couple of banks? Cause that's what it's for. Originally Posted by Dick Gozinya
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03-17-2013, 05:51 PM #8Maverick
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That isn't the case... the 10% hit was to keep ABC bank solvent. Cyprus constitutes .2% of the Euro zone economy. Peanuts. Originally Posted by Dick Gozinya
It's a test... and a shot across the bow for anyone paying attention.
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03-17-2013, 05:53 PM #9DS Supporter
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See this yet LongJ?
http://www.huffingtonpost.com/2013/0...n_2878008.html
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03-17-2013, 05:54 PM #10DS Supporter
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I swear every fucking one of them is a rotten greedy scumbag...and they answer to no one
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03-17-2013, 05:55 PM #11Maverick
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What's scary are the chicken littles and this personal freedoms and guns shit. Turn off Fox News, would ya? Originally Posted by mutts gunt
Originally Posted by Avery
Oh. Fuck that. Been there. Originally Posted by LonghornJ
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03-17-2013, 05:57 PM #12Maverick
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Not surprising... a lot of people are getting sucked in to gold paper indexes where they think the gold they "own" is stored somewhere on their behalf. Originally Posted by George Costanza
If that shit isn't in your hand, its crap.
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03-17-2013, 06:04 PM #13Shot Dead
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Originally Posted by LonghornJ
Yet people will still continue to piss & moan about how shitty America is
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03-17-2013, 06:07 PM #14DS Supporter
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Originally Posted by LonghornJ
Yup...and I have maple leafs...just in case they pull that we're confiscating american gold coins crap...fuck them
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03-17-2013, 06:07 PM #15Chained Dawg
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Cyprus is half Greek, half Turk
they got bigger problems than money
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03-17-2013, 06:12 PM #16Don't ask
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Ha. Good luck squeezing any money out of me.
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03-17-2013, 06:13 PM #17Maverick
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We got sunburned as hell on Greenville... glad the weekend is over here. Originally Posted by gwartney
Ha. Good luck squeezing any money out of me.
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03-17-2013, 06:58 PM #18Outlaw
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I did see this today. Originally Posted by LonghornJ
No, I don't think that will happen here, unless we continue on a path chosen by the Republican party. With interests rates as low as they are, we should use the 'free money' to build critical infrastructure, and put people back to work.
:v Originally Posted by Dawg
Originally Posted by The Gas Face
He's dave. He's a legend.
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03-17-2013, 06:59 PM #19Outlaw
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I love when people rip on Krugman, it's all "he said it's ok to run up unsustainable debts, and in the long run, as Keynes said, we're all dead".
Krugman has always said that the debt should be addressed at a time of better economic conditions, he has never proposed just continuing to run up a debt forever.
idiots. Originally Posted by Dawg
Originally Posted by The Gas Face
He's dave. He's a legend.
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03-17-2013, 07:01 PM #20DS Supporter
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Longhorn, I have been thinking that with all these Sequesters, and Fiscal Cliffs that something big will be falling on us soon, but they just pass themselves an extension and continue as business as usual until the next catch phrase is needed.
When do you think that this will all come to a head?
Oh, and how come nobody wants to talk of Wall St. making record profits amidst this still dismal economy? This sets off no alarms for anyone?
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