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Greek bond soaring , closer to default.

 
Shogu666
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User ID: 1217094
Poland
09/13/2011 05:22 AM
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Greek bond soaring , closer to default.
1Year bonds yield is 120.48% , just from about 97 in friday.

[link to www.bloomberg.com]

How many dominos will fall on this one ?
Shogu666 (OP)

User ID: 1217094
Poland
09/13/2011 05:32 AM
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Re: Greek bond soaring , closer to default.
bump
SEV

User ID: 1440575
Canada
09/13/2011 05:35 AM
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Re: Greek bond soaring , closer to default.
How long do they have till Poland?
The world as we know it has already ended/We've changed ALOT of things since JUST last year/Everyone protesting and and awaking all the way to the strange "anomalies" and "coincidences" we see everyday in our lives/It won't stop there either/Something IS coming something to be proud of (:
Anonymous Coward
User ID: 1400299
Netherlands
09/13/2011 05:41 AM
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Re: Greek bond soaring , closer to default.
Do they actually sell any of those bonds? Who is stupid enough to buy them?
Face Palmer
Yo mamma pulls catapults to gondor

User ID: 1547514
Germany
09/13/2011 05:54 AM

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Re: Greek bond soaring , closer to default.
Do they actually sell any of those bonds? Who is stupid enough to buy them?
 Quoting: Vierkantebroek


Your retirement fund
"The world will soon wake up to the reality that everyone is broke and can collect nothing from the bankrupt, who are owed unlimited amounts by the insolvent, who are attempting to make late payments on a bank holiday in the wrong country, with an unacceptable currency, against defaulted collateral, of which nobody is sure who holds title."

Never attribute to malice that which is adequately explained by stupidity.
dettol

User ID: 1547625
New Zealand
09/13/2011 05:58 AM
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Re: Greek bond soaring , closer to default.
Do they actually sell any of those bonds? Who is stupid enough to buy them?
 Quoting: Vierkantebroek


Your retirement fund
 Quoting: Face Palmer


BINGO!!

It's now at 123%..

Last Edited by dettol on 09/13/2011 05:59 AM
Once4All
The Truth Is Clear To Everyone!

User ID: 1547614
United States
09/13/2011 05:59 AM

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Re: Greek bond soaring , closer to default.
Many are running into the usa dollar.

Not a good solution!
John 11:35 Jesus wept.

[link to www.savemenowjesus.com]

Have you given good points today?

EVERYONE who calls upon the LORD JESUS will be saved! [Romans 10:13]


Jesus Christ will return as King of all kings and Lord of all lords. hf
Anonymous Coward
User ID: 1466002
Denmark
09/13/2011 06:03 AM
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Re: Greek bond soaring , closer to default.
European newspapers say a default is eminent but they try will to postpone it until the banks are stronger.
LOL
As if that will happen
[link to translate.google.com]
Ostria1

User ID: 1533591
Greece
09/13/2011 06:07 AM

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Re: Greek bond soaring , closer to default.
We should default now and bring everyone down, as the matter of fact we should have done it much earlier. The ravens get richer from our delays and we get poorer. But they wont let us until the totally drain us.
Ostria
futur3

User ID: 1547635
United Kingdom
09/13/2011 06:09 AM

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Re: Greek bond soaring , closer to default.
good luck to you ostria, can't help but feel we'll soon be in the same situation..
We shall defend our island, whatever the cost may be, we shall fight on the beaches, we shall fight on the landing grounds, we shall fight in the fields and in the streets, we shall fight in the hills; we shall never surrender.
Winston Churchill
gebahie

User ID: 1542517
United States
09/13/2011 06:10 AM

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Re: Greek bond soaring , closer to default.
Do they actually sell any of those bonds? Who is stupid enough to buy them?
 Quoting: Vierkantebroek


Your retirement fund
 Quoting: Face Palmer


BINGO!!

It's now at 123%..
 Quoting: dettol


That was soo 10min ago now 128.54
dettol

User ID: 1547625
New Zealand
09/13/2011 06:13 AM
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Re: Greek bond soaring , closer to default.
WOW!

128.5% NOW!!
Ostria1

User ID: 1533591
Greece
09/13/2011 06:14 AM

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Re: Greek bond soaring , closer to default.
good luck to you ostria, can't help but feel we'll soon be in the same situation..
 Quoting: futur3


Thanks :) We will survive with what is left I hope.
And you, all of you, better get prepared for this too.
Ostria
Luisport

User ID: 1270738
Portugal
09/13/2011 06:38 AM

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Re: Greek bond soaring , closer to default.
Evidently the heavy selling in French banks this morning can be (partially) attributed to this WSJ opinion piece.

'We can no longer borrow dollars. U.S. money-market funds are not lending to us anymore," a bank executive for BNP Paribas, who declines to be named, told me last week. "Since we don't have access to dollars anymore, we're creating a market in euros. This is a first. . . . We hope it will work, otherwise the downward spiral will be hell. We will no longer be trusted at all and no one will lend to us anymore."

That line -- "We can no longer borrow in dollars" -- is what got people freaked out, prompting the bank to issue a denial, saying it CAN still borrow in dollars (despite well known funding issues and money-market retrenchment).

Meanwhile, there are comments out from Merkel today basically telling everyone to choose their words more carefully when talking about the crisis.



Read more: [link to www.businessinsider.com]
Anonymous Coward
User ID: 1547666
United States
09/13/2011 06:38 AM
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Re: Greek bond soaring , closer to default.
VALUE: 129.185
Anonymous Coward
User ID: 1547666
United States
09/13/2011 06:48 AM
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Re: Greek bond soaring , closer to default.
Ther mindset is: borrow money (wheel borrow money) with no intention of ever paying it back.
("Peter to pay Paul" squared) x infinity.
Shogu666 (OP)

User ID: 1217094
Poland
09/13/2011 07:14 AM
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Re: Greek bond soaring , closer to default.
How long do they have till Poland?
 Quoting: SEV


Our constitution says debt cant be bigger than 60% of GDP.

We are close to that margin ( 55% to precise ) then our budget have to be without deficit.

I wonder if that will protects us in reality from banksters.
Anonymous Coward
User ID: 1547388
Germany
09/13/2011 07:14 AM
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Re: Greek bond soaring , closer to default.
We should default now and bring everyone down, as the matter of fact we should have done it much earlier. The ravens get richer from our delays and we get poorer. But they wont let us until the totally drain us.
 Quoting: Ostria1




as one of your fellow countrymen once said:


MOLON LABE


...still has a nice ring to it, i think
Anonymous Coward
User ID: 1332998
United States
09/13/2011 07:22 AM
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Re: Greek bond soaring , closer to default.
let them default already. where they gonna go? they sold their soul now its time to pay back.
Anonymous Coward
User ID: 1544193
United States
09/13/2011 07:36 AM
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Re: Greek bond soaring , closer to default.
131.714% !!!!

How can a goverment borrow money at 131% interest for one year... unless it does not intend to pay it back.

Greece is going to default, they are just grabbing everything they can before they do.
SEV

User ID: 1440575
Canada
09/13/2011 07:47 AM
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Re: Greek bond soaring , closer to default.
How long do they have till Poland?
 Quoting: SEV


Our constitution says debt cant be bigger than 60% of GDP.

We are close to that margin ( 55% to precise ) then our budget have to be without deficit.

I wonder if that will protects us in reality from banksters.
 Quoting: Shogu666


How long do you think Greece has until default since its bonds are over 130% LOL
Its unbelievable are its bonds even real?

Last Edited by SEV on 09/13/2011 07:47 AM
The world as we know it has already ended/We've changed ALOT of things since JUST last year/Everyone protesting and and awaking all the way to the strange "anomalies" and "coincidences" we see everyday in our lives/It won't stop there either/Something IS coming something to be proud of (:
dettol

User ID: 1547721
New Zealand
09/13/2011 07:50 AM
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Re: Greek bond soaring , closer to default.
134% now. Seems like the end is very nigh...
Anonymous Coward
User ID: 1544829
Greece
09/13/2011 07:51 AM
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Re: Greek bond soaring , closer to default.
Ther mindset is: borrow money (wheel borrow money) with no intention of ever paying it back.
("Peter to pay Paul" squared) x infinity.
 Quoting: Anonymous Coward 1547666


called a ponzi or pyramid scheme

whilst the bottom layers loose everything the pinnacle takes all

wealth re distribution at its second ugliest form
of course the first is open war
Anonymous Coward
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United States
09/13/2011 07:55 AM
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Re: Greek bond soaring , closer to default.
134.74
Almost 135
Anonymous Coward
User ID: 1526707
Finland
09/13/2011 07:58 AM
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Re: Greek bond soaring , closer to default.
Up 15% in a day.

LMAO.
Anonymous Coward
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Netherlands
09/13/2011 07:58 AM
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Re: Greek bond soaring , closer to default.
5%, 20%, 150% why not make it 1000% who cares, it's all a charade!
Anonymous Coward
User ID: 1547388
Germany
09/13/2011 08:01 AM
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Re: Greek bond soaring , closer to default.
somebody please explain the concept:


are these 1y bonds some papers issued by the greek government promising the buyer to buy them back @ printed value + 134% interest, and they have to make such a ridiculouos offer because otherwise nobody would buy them and therefor lend them the money,

or do you buy them at "face value" but they are so hot that they practically get ripped out of the hands of the greek bank before they even hit the counter, and the 130% are a kind of premium the banks are asking for because they can?
Punk-A$$ets

User ID: 1410297
United States
09/13/2011 08:05 AM

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Re: Greek bond soaring , closer to default.
Sign me up for some of that easy money!

:rolls eyes:
Gold Prices:

12/31/2000 - $273
12/31/2005 – $516
12/31/2010 - $1,421
12/31/2011 - $1,566
12/31/2012 - $1,676
12/31/2013 - $1,204

Looking for $900/$1100 for gold to bottom. $14-$16 for silver.
Anonymous Coward
User ID: 1155690
United States
09/13/2011 08:06 AM
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Re: Greek bond soaring , closer to default.
somebody please explain the concept:


are these 1y bonds some papers issued by the greek government promising the buyer to buy them back @ printed value + 134% interest, and they have to make such a ridiculouos offer because otherwise nobody would buy them and therefor lend them the money,

or do you buy them at "face value" but they are so hot that they practically get ripped out of the hands of the greek bank before they even hit the counter, and the 130% are a kind of premium the banks are asking for because they can?
 Quoting: Anonymous Coward 1547388


I believe so.
I think it means 'hey I know we are in a rough spot, but if you invest in us, and suddenly we become a success you will be paid back MASSIVE amounts of money that you invested in us".
Of course only the really really dangerous investments need to se this kind of an offer, you would never see the US beg for bond investments like this.
So yea, I think your right.
Anonymous Coward
User ID: 1514861
Ireland
09/13/2011 08:06 AM
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Re: Greek bond soaring , closer to default.
Don't worry,Merkel and Sarkozy are monitoring the situation...
Dynamitrios

User ID: 1538986
Greece
09/13/2011 08:09 AM
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Re: Greek bond soaring , closer to default.
somebody please explain the concept:


are these 1y bonds some papers issued by the greek government promising the buyer to buy them back @ printed value + 134% interest, and they have to make such a ridiculouos offer because otherwise nobody would buy them and therefor lend them the money,

or do you buy them at "face value" but they are so hot that they practically get ripped out of the hands of the greek bank before they even hit the counter, and the 130% are a kind of premium the banks are asking for because they can?
 Quoting: Anonymous Coward 1547388


Well... i m a layman too, but it is something like a "Schlussverkauf" when you dont have any amoney anymore, you strat paaying with "assets" (territory, peoples labour, peoples savings etc...) so basically every rich guy and his grandma can buy some of the country with what they have in their wallets at that time... dont try to understand the bonds crap... its abstract, and benefits ONLY the banks... its a bank ponzi-scheme... sad thing is... almost the last BILD-Zeitung reader has got it, but somehow we all remain silent, not doing anything against it (eg. gather up corrupt politicians and their bankster cronies on public places and give them a bitchslappin' "by the people")

Last Edited by Dynamitrios on 09/13/2011 08:10 AM
a free man chooses, a slave obeys

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