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| 04:43 PM | ||
| Users Online Now: 1,942 (Who's On?) | Visitors Today: 1,550,368 | |
| Pageviews Today: 2,134,588 | Threads Today: 520 | Posts Today: 9,499 |
| 04:43 PM | ||
Breaking!! Here come the bank runs! | |
| FyreStorm Offer Upgrade  User ID: 13071766  United States03/18/2013 09:37 AM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 36427649  Netherlands03/18/2013 09:43 AM Report Abusive Post Report Copyright Violation | |
| 6EQUJ5 User ID: 1072087 United States03/18/2013 09:43 AM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 961432 United States03/18/2013 09:43 AM Report Abusive Post Report Copyright Violation | Just thinking through this, it may be a good idea. Why? Because it will force people to do their own due diligence when they place their money into a bank. If the bank isn't transparent in their liabilities (or anymore their assets) then don't put your money in there since it may get confiscated by the government to bailout out the bank. It sort of shows the need for real risk to dominate the markets, as risk has been masked by phoney banking regulations and implied backstopping by sovereigns leading to historic mal-investments. I bet the Austrian Economists will have some interesting comments in the next few weeks on this development. . |
| Anonymous Coward User ID: 28870983 United States03/18/2013 09:44 AM Report Abusive Post Report Copyright Violation | |
| dookie stain User ID: 1404507 United States03/18/2013 09:47 AM Report Abusive Post Report Copyright Violation | |
| LivingSpirit User ID: 23524007 United States03/18/2013 09:47 AM Report Abusive Post Report Copyright Violation | It is inconceivable to me why anyone would place their "money" on deposit with a bank or do any business with a bank. Period. And there followed another angel, saying, Babylon is fallen, is fallen, that great city, because she made all nations drink of the wine of the wrath of her fornication. Revelation 14:8 |
| Anonymous Coward User ID: 36421690  Indonesia03/18/2013 09:47 AM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 27852118 United States03/18/2013 09:48 AM Report Abusive Post Report Copyright Violation | |
| No More Lies User ID: 1178326 United States03/18/2013 09:49 AM  Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 36364821  Germany03/18/2013 09:50 AM Report Abusive Post Report Copyright Violation | |
| FyreStorm (OP) User ID: 13071766 United States03/18/2013 09:50 AM Report Abusive Post Report Copyright Violation | Cyprus, officials said that everyone withdrawing their money would led to its collapse. I am not sure I am educated enough to realize the severity of what's happening right now. Quoting: Anonymous Coward 27852118 Last I heard about Cyprus, the government is poised to pull the money from peoples' accounts regardless of them voting on the referendum ------- check out [link to www.intldyn.com] to get an idea of what I do. |
| Anonymous Coward User ID: 36364821 Germany03/18/2013 09:52 AM Report Abusive Post Report Copyright Violation | |
| TeamReaper User ID: 31502485 United States03/18/2013 09:52 AM Report Abusive Post Report Copyright Violation | Ummmm..... Which country has the largest debt? Can see it coming now. In every operation, whether planning it or executing it, you can never count on luck; but you have to accept it, and recognize it when its there. -Major ******, U-2 Pilot/Instructor/Flight Commander |
| No More Lies User ID: 1178326 United States03/18/2013 09:52 AM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 25720208 United States03/18/2013 09:55 AM Report Abusive Post Report Copyright Violation | |
| FyreStorm (OP) User ID: 13071766 United States03/18/2013 09:55 AM Report Abusive Post Report Copyright Violation | "As reported at 3.42pm, the British government has decided to temporarily suspend payments to Cyprus banks until the situation becomes clearer." from the guardian website uh oh ------- check out [link to www.intldyn.com] to get an idea of what I do. |
| Anonymous Coward User ID: 36421690 Indonesia03/18/2013 09:56 AM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 33569884 United States03/18/2013 09:56 AM Report Abusive Post Report Copyright Violation | Thinking outside of the box here... But isnt it likely that this was done on purpose? Put the threat out with mass media that 10% of your savings are at risk, and of course a bank run is going to follow... I have never trusted the banking system, but this is too obvious. This I think will spark a chain reaction that will benefit the elite. |
| Anonymous Coward User ID: 36364821 Germany03/18/2013 09:56 AM Report Abusive Post Report Copyright Violation | frankfurter allgemeine bringing germans in line for mass bank run telling them there is no more savety in bank deposits. [link to www.faz.net] [link to translate.google.de] its over guys. WE GERMANS WILL NOW SAVE OUR MONEY OUTSIDE THE EU! |
| Anonymous Coward User ID: 9247375 United States03/18/2013 09:59 AM Report Abusive Post Report Copyright Violation | |
| recollector User ID: 26964049  United Kingdom03/18/2013 10:00 AM Report Abusive Post Report Copyright Violation | I managed to take out about 60% of my savings yesterday and today. There are no liquidities in banks. The rest of 40% left I can get it on F*CKING THURSDAY ! Hopefully they will have it...won't be hard for me to throw another molotov (I am experienced in this field). Last Edited by Recollector on 03/18/2013 10:05 AM |
| Renegade (Me too) User ID: 31680294 United States03/18/2013 10:02 AM Report Abusive Post Report Copyright Violation | Europe is risking a bank run Quoting: FyreStorm By Wolfgang Münchau Creditor nations will now insist bank rescues must be co-funded by depositors Sir Mervyn King once said it was not rational to start a bank run but rational to participate in one once it has started. The governor of the Bank of England was right, of course. On Saturday morning, the finance ministers of the eurozone may well have started a bank run. With the agreement on a depositor haircut for Cyprus in all but name the eurozone has effectively defaulted on a deposit insurance guarantee for bank deposits. That guarantee was given in 2008 after the collapse of Lehman Brothers. It consisted of a series of nationally co-ordinated guarantees. They wanted to make the political point that all savings are safe. read more at [link to www.ft.com] Where is the part about bank runs? Who is John Galt? |
| Anonymous Coward User ID: 34898543 United States03/18/2013 10:04 AM Report Abusive Post Report Copyright Violation | I managed to take out about 60% of my savings yesterday and today. Quoting: recollector There are no liquidities in banks. The rest of 40% left I can get it on F*CKING THURSDAY ! Hopefully they will have it...won't be hard for me to throw another molotovs (I am experienced in this field).  Let them fly baby...Let them fly... |
| ftownballa User ID: 36397261 United States03/18/2013 10:04 AM Report Abusive Post Report Copyright Violation | |
| Artaius San User ID: 36427585 Germany03/18/2013 10:05 AM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 36364821 Germany03/18/2013 10:05 AM Report Abusive Post Report Copyright Violation | I managed to take out about 60% of my savings yesterday and today. Quoting: recollector There are no liquidities in banks. The rest of 40% left I can get it on F*CKING THURSDAY ! Hopefully they will have it...won't be hard for me to throw another molotovs (I am experienced in this field). this can seriously grow into something much much bigger! just remind yourself...hitler has fought that system..and he failed. it may be true he murdered countless innocents..that is one thing...no one can accept. the other thing is he also got pissed by the banking system becaus the same PROBLEMS we face today happened back then! when will this world learn? do we really have to ransck again for all the same problems? HOW STUPID ARE WE ALL? |
| phoenixe User ID: 25839547 Germany03/18/2013 10:05 AM Report Abusive Post Report Copyright Violation | knowing that this opinion might be quite unpopular and bring me red karma.. i am not saying it is fair that the old cypriotic granny has cut her savings and not the russian billionaire, but: everyone who participates in the money system game by putting money in the bank to "earn" (bring in) interests, is responsible for what is happening. this game has a mathematical calculateable ending. everyone who participates and want "his money to work for him/her" has to take their share of risk as well. especially, as this game ended so many times before and it is not rocket science to come to the conclusion, this system will fail again.. you don´t like the risk? don´t play it. that easy. Last Edited by Doomina on 03/18/2013 10:06 AM |
| ftownballa User ID: 36397261 United States03/18/2013 10:06 AM Report Abusive Post Report Copyright Violation | |
| Reckless Driver User ID: 24817147 United States03/18/2013 10:07 AM Report Abusive Post Report Copyright Violation | I put my savings out of the bank today. I'm done with the financial sector. Quoting: Anonymous Coward 36427649 I hope that people realize that their govt. will know who and how much are pulling out of their accts. They will make this retroactive and they will be taxed anyway. They can either give it up now or later but the got will get what you "owe." These bank runs are only going to help those who take their money and get out of the country. |
| Anonymous Coward User ID: 36420095  Canada03/18/2013 10:08 AM Report Abusive Post Report Copyright Violation | |
:amazing::amazing::amazing:
