Greek bond soaring , closer to default.

How long do they have till Poland?

Do they actually sell any of those bonds? Who is stupid enough to buy them?

Your retirement fund

BINGO!!

It's now at 123%..

Last Edited by dettol on 09/13/2011 05:59 AM

Many are running into the usa dollar.

Not a good solution!

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]

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.

good luck to you ostria, can't help but feel we'll soon be in the same situation..

That was soo 10min ago now 128.54

WOW!

128.5% NOW!!

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

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]

VALUE: 129.185

Ther mindset is: borrow money (wheel borrow money) with no intention of ever paying it back.
("Peter to pay Paul" squared) x infinity.

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.

as one of your fellow countrymen once said:


MOLON LABE


...still has a nice ring to it, i think

let them default already. where they gonna go? they sold their soul now its time to pay back.

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.

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

134% now. Seems like the end is very nigh...

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

134.74
Almost 135

Up 15% in a day.

LMAO.

5%, 20%, 150% why not make it 1000% who cares, it's all a charade!

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?

Sign me up for some of that easy money!

:rolls eyes:

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.

Don't worry,Merkel and Sarkozy are monitoring the situation...

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