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Posted: 7/5/2015 8:36:15 PM EDT
[#1]
Another socialist failure.
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Posted: 7/5/2015 8:38:41 PM EDT
[#2]
I can't help but feel Fo dog left us too soon. The riots are likely to get good when the government seizes savings. We need...Son of Fo Dog!
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Posted: 7/5/2015 8:39:43 PM EDT
[#3]
None of their choices seem to be very good ones. I think it would be a toss up whether yes or no is worse depending on what they do after it.
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Posted: 7/5/2015 8:40:13 PM EDT
[#4]
Those who laugh at the idea of the government seizing 401ks and the like here should be paying attention.
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Posted: 7/5/2015 8:42:23 PM EDT
[#5]
Starting to sound like one of those commie South American shitholes.
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Posted: 7/5/2015 8:43:26 PM EDT
[#6]
Quote HistoryQuoted:
Those who laugh at the idea of the government seizing 401ks and the like here should be paying attention. I am paying very close attention. 
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Posted: 7/5/2015 8:46:29 PM EDT
[#7]
One is a struggle for the populace on their own. The other is a struggle for the populace but with world support
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Posted: 7/5/2015 8:48:50 PM EDT
[#8]
Quote HistoryQuoted:
I am paying very close attention. Quote HistoryQuoted:
Quoted:
Those who laugh at the idea of the government seizing 401ks and the like here should be paying attention. I am paying very close attention. Cashed mine out years ago and bought guns and ammo. |
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Posted: 7/5/2015 8:55:20 PM EDT
[#9]
Quote HistoryQuoted:
Those who laugh at the idea of the government seizing 401ks and the like here should be paying attention. Exactly |
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Posted: 7/5/2015 8:55:31 PM EDT
[#10]
Quote HistoryQuoted: I am paying very close attention. Quote HistoryQuoted: Quoted: Those who laugh at the idea of the government seizing 401ks and the like here should be paying attention. I am paying very close attention. 401ks won't be confiscated because it would immediately crash the stock market. It is much more likely you will see extra taxes on the withdrawals. You will lose an extra 10, 20 or 30% when you get your money out, but they won't confiscate a portion of everyones accounts and sell them off. |
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Posted: 7/5/2015 8:56:59 PM EDT
[#11]
Quote HistoryQuoted:
It's been explained here several times. Haircuts like that won't happen in the US. We will inflate the crap out of our currency. This won't solve our problem but it's easier to implement. Greece doesn't have that option. 401ks won't be confiscated because it would immediately crash the stock market. It is much more likely you will see extra taxes on the withdrawals. You will lose an extra 10, 20 or 30% when you get your money out, but they won't confiscate a portion of everyones accounts and sell them off. Quote HistoryQuoted:
Quoted:
Quoted:
Those who laugh at the idea of the government seizing 401ks and the like here should be paying attention. I am paying very close attention. 401ks won't be confiscated because it would immediately crash the stock market. It is much more likely you will see extra taxes on the withdrawals. You will lose an extra 10, 20 or 30% when you get your money out, but they won't confiscate a portion of everyones accounts and sell them off. And being taxed extra if you try to use the money is different from seizing it straight from the account how, exactly? Same outcome for the account holder: government gets more of your money. |
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Posted: 7/5/2015 8:58:56 PM EDT
[#12]
Quote HistoryQuoted:
Another socialist failure. This. Coming to a country near u 
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Posted: 7/5/2015 9:00:04 PM EDT
[#13]
Quote HistoryQuoted:
Cashed mine out years ago and bought guns and ammo. Quote HistoryQuoted:
Quoted:
Quoted:
Those who laugh at the idea of the government seizing 401ks and the like here should be paying attention. I am paying very close attention. Cashed mine out years ago and bought guns and ammo. If you can't eat it, shoot it, or fuck it why bother with it, eh? |
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Posted: 7/5/2015 9:00:26 PM EDT
[#14]
fucking scary
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Posted: 7/5/2015 9:01:44 PM EDT
[#15]
As was said in Saving Private Ryan, let em burn.
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Posted: 7/5/2015 9:03:59 PM EDT
[#16]
Greece's negotiating tactic  |
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Posted: 7/5/2015 9:04:28 PM EDT
[#17]
There will be a meeting of the 7 parliamentary party leaders tomorrow, at 10 a.m. Athens time, at the request of the president of the republic. This is to get a national consensus on negotiating strategy with the international lenders.
They have a problem because one of the 7 leaders is the head of the Nazi party, Golden Dawn. He will have to be released from house arrest to attend the meeting. (He's charged with conspiracy to commit murder, and heading a "criminal organization.") Up to now, the "respectable" parties have tried to sweep the Nazis under the rug, but they can't do it this time. (The Nazis won 6.3% of the vote, and 17 parliamentary seats, at the last election.) The Nazis and the Communists (KKE) are the only parties calling for an outright secession from the European Union. |
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Posted: 7/5/2015 9:05:24 PM EDT
[#18]
Quote HistoryQuoted:
Those who laugh at the idea of the government seizing 401ks and the like here should be paying attention. Size increased for emphasis. |
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Posted: 7/5/2015 9:09:09 PM EDT
[#19]
Quote HistoryQuoted:
There will be a meeting of the 7 parliamentary party leaders tomorrow, at 10 a.m. Athens time, at the request of the president of the republic. This is to get a national consensus on negotiating strategy with the international lenders. They have a problem because one of the 7 leaders is the head of the Nazi party, Golden Dawn. He will have to be released from house arrest to attend the meeting. (He's charged with conspiracy to commit murder, and heading a "criminal organization.") Up to now, the "respectable" parties have tried to sweep the Nazis under the rug, but they can't do it this time. (The Nazis won 6.3% of the vote, and 17 parliamentary seats, at the last election.) The Nazis and the Communists (KKE) are the only parties calling for an outright secession from the European Union. I hope the 'Nazis' take over Greece, just for the lulz. |
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Posted: 7/5/2015 9:13:56 PM EDT
[#20]
Quote HistoryQuoted:
It's been explained here several times. Haircuts like that won't happen in the US. We will inflate the crap out of our currency. This won't solve our problem but it's easier to implement. Greece doesn't have that option. 401ks won't be confiscated because it would immediately crash the stock market. It is much more likely you will see extra taxes on the withdrawals. You will lose an extra 10, 20 or 30% when you get your money out, but they won't confiscate a portion of everyones accounts and sell them off. Quote HistoryQuoted:
Quoted:
Quoted:
Those who laugh at the idea of the government seizing 401ks and the like here should be paying attention. I am paying very close attention. 401ks won't be confiscated because it would immediately crash the stock market. It is much more likely you will see extra taxes on the withdrawals. You will lose an extra 10, 20 or 30% when you get your money out, but they won't confiscate a portion of everyones accounts and sell them off. It's cute that you think this matters. All we need is Obama version 2.0 going in front of the country telling people that need need to crash the market because rich people are the only one's to benefit for stocks/racism/woman's right or some other asinine reason and people will be all about it. Shit... There are probably a half dozen threads on DU right now with people saying that this is a good idea. |
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Posted: 7/5/2015 9:14:11 PM EDT
[#21]
Quote HistoryQuoted:
There will be a meeting of the 7 parliamentary party leaders tomorrow, at 10 a.m. Athens time, at the request of the president of the republic. This is to get a national consensus on negotiating strategy with the international lenders. They have a problem because one of the 7 leaders is the head of the Nazi party, Golden Dawn. He will have to be released from house arrest to attend the meeting. (He's charged with conspiracy to commit murder, and heading a "criminal organization.") Up to now, the "respectable" parties have tried to sweep the Nazis under the rug, but they can't do it this time. (The Nazis won 6.3% of the vote, and 17 parliamentary seats, at the last election.) The Nazis and the Communists (KKE) are the only parties calling for an outright secession from the European Union. The Greeks don't deserve any more financial help from anyone. They're simply a bunch of bums who borrowed money to live off of, spent it all, and are demanding to be lent more without any prospect of them paying their debt back. All while vilifying those who lent them money. The decision as to whether or not Greece is booted from the EU should not be made by Greece; it should be made by those countries whose own citizens were taxed to support the Greeks by extending them bad loans. The Greeks just told the rest of Europe to go and fuck themselves, Scata. Fuck'em. |
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Posted: 7/5/2015 9:18:13 PM EDT
[#22]
Quoted:
Referendum vote results are for a depression. Now the banks will start stealing from those with 8,000+ Euro on deposit. Seems that the majority have <8,000 Euro on deposit. FSA voting themselves more free shit. Won't end well. The average back account here has less than $1500, I doubt many that have more than 8K euro keep it in a (Greek) bank. |
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Posted: 7/5/2015 9:18:55 PM EDT
[#23]
Quote HistoryQuoted:
Those who laugh at the idea of the government seizing 401ks and the like here should be paying attention. LOL lots of differences in the US economics and Greece, seizing retirements would be the last thing done here and at that point it wouldn't matter because the dollar would be worthless. |
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Posted: 7/5/2015 9:25:06 PM EDT
[#24]
Quote HistoryQuoted: I can't help but feel Fo dog left us too soon. The riots are likely to get good when the government seizes savings. We need...Son of Fo Dog! What the hell happened to Fo dog? |
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Posted: 7/5/2015 9:28:46 PM EDT
[#25]
Quote HistoryQuoted:
What the hell happened to Fo dog? Quote HistoryQuoted:
Quoted:
I can't help but feel Fo dog left us too soon. The riots are likely to get good when the government seizes savings. We need...Son of Fo Dog! What the hell happened to Fo dog? Fo Dog fo's no more.
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Posted: 7/5/2015 9:30:05 PM EDT
[#26]
Quote HistoryQuoted:
What the hell happened to Fo dog? Quote HistoryQuoted:
Quoted:
I can't help but feel Fo dog left us too soon. The riots are likely to get good when the government seizes savings. We need...Son of Fo Dog! What the hell happened to Fo dog? He fent.
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Posted: 7/5/2015 9:32:40 PM EDT
[#27]
Greece is about to run out of other people's money.
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Posted: 7/5/2015 9:34:05 PM EDT
[#28]
i want it to burn, all of it to burn.
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Posted: 7/5/2015 9:37:12 PM EDT
[#29]
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Posted: 7/5/2015 9:39:05 PM EDT
[#30]
Quoted:
Referendum vote results are for a depression. Now the banks will start stealing from those with 8,000+ Euro on deposit. Seems that the majority have <8,000 Euro on deposit. FSA voting themselves more free shit. Won't end well. It won't end well no matter what the vote. This started five years ago and the Greek economy has lost 25% since then and 25% of all jobs in greece are gone. Vote No and Greece will most likely go into bankruptcy. Vote Yes and the government drastically cuts pensions, Gov jobs and social spending and the Greeks people will also be obligating themselves to paying the over 300 Billion that their government already owes! And that's not counting any interest! On the last loans that they got, the G government promised 28% annual returns on! That's like credit card debt! It will grow faster than they can possibly pay it! And this is just the financial side! There's no telling what this will mean to their membership in the EU. AND more countries are waiting in the wings to repeat this CF! (Italy, Spain,Portugal, etc) Personally my opinion is if they vote yes then the Greeks are voting themselves into perpetual indentured servitude. If I were them I'd vote no and get out of the EU and go my own way, for better or worse. Maybe they can raise an army and invade Persia (Iran) again. That would be win-win for the west, just as it was 3000 years ago! |
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Posted: 7/5/2015 9:41:05 PM EDT
[#31]
Quote HistoryQuoted: Fo Dog fo's no more. Quote HistoryQuoted: Quoted: Quoted: I can't help but feel Fo dog left us too soon. The riots are likely to get good when the government seizes savings. We need...Son of Fo Dog! What the hell happened to Fo dog? Fo Dog fo's no more. Damn |
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Posted: 7/5/2015 9:43:51 PM EDT
[#32]
Quote HistoryQuoted:
It's been explained here several times. Haircuts like that won't happen in the US. We will inflate the crap out of our currency. Quote HistoryQuoted:
Quoted:
Quoted:
Those who laugh at the idea of the government seizing 401ks and the like here should be paying attention. I am paying very close attention. That only works when foreign nations are willing to except your dollars. When they stop excepting them, then they're worthless; no matter how many you have. If you're a nation that NEEDS foreign oil, or food or any necessity then your country is forked! |
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Posted: 7/5/2015 9:45:00 PM EDT
[#33]
Quote HistoryQuoted:
Greece's negotiating tactic http://i75.photobucket.com/albums/i297/Burningthunder_2006/BlazingSaddles.png LOL! Except this time, no one is buying it! |
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Posted: 7/5/2015 9:45:06 PM EDT
[#34]
No one wants to declare bankruptcy but that is probably what is gonna happen. Problem is, they won't learn from it :(
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Posted: 7/5/2015 9:45:55 PM EDT
[#35]
I wonder if Greece was offered a deal if they hold their ground and let this fracture the EU, maybe open up some space for a future ally's naval base
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Posted: 7/5/2015 9:52:14 PM EDT
[#36]
Let's see..
?p?p???? ?e?t?????a? ?ef??t?? t?µ??? Works in Preview. (Crosses fingers) |
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Posted: 7/5/2015 9:52:17 PM EDT
[#37]
Quote HistoryQuoted:
There will be a meeting of the 7 parliamentary party leaders tomorrow, at 10 a.m. Athens time, at the request of the president of the republic. This is to get a national consensus on negotiating strategy with the international lenders. They have a problem because one of the 7 leaders is the head of the Nazi party, Golden Dawn. He will have to be released from house arrest to attend the meeting. (He's charged with conspiracy to commit murder, and heading a "criminal organization.") Up to now, the "respectable" parties have tried to sweep the Nazis under the rug, but they can't do it this time. (The Nazis won 6.3% of the vote, and 17 parliamentary seats, at the last election.) The Nazis and the Communists (KKE) are the only parties calling for an outright secession from the European Union. Secsssion? Are THEY ( "the Nazis and the Communists" ) thinking of leaving the EU?? I think you mean expulsion; and for Greece, not themselves. Does the EU charter even allow for expulsion of member countries? Or even for countries to succeed from the EU? I don't know but I don't think so. Succession didn't work too well for the states that tried to leave our "union"! |
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Posted: 7/5/2015 9:53:41 PM EDT
[#38]
Good for the Greeks.
Fuck the fascists who run the Euro and fuck the banks. Read up about what is going in Europe. Its not a simple as socialists being socialist like many here paint it out to be. Not to mention that Europe as a whole, isn't any more Socialist than the United States. |
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Posted: 7/5/2015 9:57:35 PM EDT
[#39]
Good play for Greece.
They are already sunk. Nothing is going to fix their problems anytime soon. By playing the spoilsport, they force Europe to act in order to save itself. It sure isn't a popular play, but what other move do they have? |
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Posted: 7/5/2015 9:57:46 PM EDT
[#40]
Shit like this almost makes me want to withdraw most of my savings and keep it in cash at home
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Posted: 7/5/2015 9:58:04 PM EDT
[#41]
Quote HistoryQuoted: That only works when foreign nations are willing to except your dollars. When they stop excepting them, then they're worthless; no matter how many you have. If you're a nation that NEEDS foreign oil, or food or any necessity then your country is forked! Quote HistoryQuoted: Quoted: Quoted: Quoted: Those who laugh at the idea of the government seizing 401ks and the like here should be paying attention. I am paying very close attention. That only works when foreign nations are willing to except your dollars. When they stop excepting them, then they're worthless; no matter how many you have. If you're a nation that NEEDS foreign oil, or food or any necessity then your country is forked! Exactly. Reserve currency gives us a huge advantage. Its THE reason we are able to run trillion dollar deficits. Think about it, we are able to create oil with the stroke of a keyboard. So, 401k will never be raided so long as the United States is a reserve currency. Our days as the reserve currency are numbered. |
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Posted: 7/5/2015 9:58:28 PM EDT
[#42]
Quote HistoryQuoted: Shit like this almost makes me want to withdraw most of my savings and keep it in cash at home Buy silver and gold. |
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Posted: 7/5/2015 9:58:53 PM EDT
[#43]
Quote HistoryQuoted: Good for the Greeks. Fuck the fascists who run the Euro and fuck the banks. Read up about what is going in Europe. Its not a simple as socialists being socialist like many here paint it out to be. Not to mention that Europe as a whole, isn't any more Socialist than the United States. |
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Posted: 7/5/2015 9:59:35 PM EDT
[#44]
Quote HistoryQuoted:
Good for the Greeks. Fuck the fascists who run the Euro and fuck the banks. Read up about what is going in Europe. Its not a simple as socialists being socialist like many here paint it out to be. Not to mention that Europe as a whole, isn't any more Socialist than the United States. Communist much? |
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Posted: 7/5/2015 9:59:37 PM EDT
[#45]
I have my 401k in check form right now. Just eligible for the new jobs plan and was rolling over. May hold that check a few extra days to make sure the market doesn't crash too hard
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Posted: 7/5/2015 10:00:14 PM EDT
[#46]
Because, Bitcoin!
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Posted: 7/5/2015 10:01:55 PM EDT
[#47]
screw greece
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Posted: 7/5/2015 10:02:29 PM EDT
[#48]
Quote HistoryQuoted:
Those who laugh at the idea of the government seizing 401ks and the like here should be paying attention. There are people on Wall Street that have been working to crack that nut for YEARS. Sooner or later they, with the .gov's help, or the .gov themselves will get their greasy fingers on that money. It is the largest untapped pool of money in the world and it is an inevitability that they will get their hands on it. Bank on it, |
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Posted: 7/5/2015 10:02:44 PM EDT
[#49]
Quote HistoryQuoted: I have my 401k in check form right now. Just eligible for the new jobs plan and was rolling over. May hold that check a few extra days to make sure the market doesn't crash too hard You should be happy to hear that we have stopgaps in place to prevent a collapse of our markets in 1 day. The built in safeguards in our market are fairly robust and should prevent any slide. That said, the Greek problem isn't going to flush any markets tomorrow. There are still paths to resolution being pursued. |
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Posted: 7/5/2015 10:03:12 PM EDT
[#50]
Quote HistoryQuoted:
Shit like this almost makes me want to withdraw most of my savings and keep it in cash at home You don't need to, they will get it through inflation, it's much easier. |
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