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Posted: 7/5/2015 10:03:19 PM EDT
[#1]
Quote HistoryQuoted: Communist much? Quote HistoryQuoted: Quoted: 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 10:03:57 PM EDT
[#2]
I wonder if this will pump up the American stock market. People overseas looking for a relatively safe place to put their monies might think we are it.
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Posted: 7/5/2015 10:07:51 PM EDT
[#3]
Quote HistoryQuoted:
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. Quote HistoryQuoted:
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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. Our bankers are smarter than their bankers. Dollar is going to stay the reserve currency for the foreseeable future. What might even have a remote chance of dethroning the champ? Yuan, Rubble, Euro?? If you want to buy energy then you had better have dollars and that is the way of the world. China is going to have a rough Monday. 
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Posted: 7/5/2015 10:15:29 PM EDT
[#4]
I was thinking about driving to Greece this Friday.
What does the hive say? Will it be safe for a few days? 
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Posted: 7/5/2015 10:19:00 PM EDT
[#5]
Dow up or down tomorrow morning?
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Posted: 7/5/2015 10:19:35 PM EDT
[#6]
Quote HistoryQuoted: Our bankers are smarter than their bankers. Dollar is going to stay the reserve currency for the foreseeable future. What might even have a remote chance of dethroning the champ? Yuan, Rubble, Euro?? If you want to buy energy then you had better have dollars and that is the way of the world. China is going to have a rough Monday. Quote HistoryQuoted: Quoted: 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. Our bankers are smarter than their bankers. Dollar is going to stay the reserve currency for the foreseeable future. What might even have a remote chance of dethroning the champ? Yuan, Rubble, Euro?? If you want to buy energy then you had better have dollars and that is the way of the world. China is going to have a rough Monday. A currency backed backed by something other than the "good faith and credit" of a bloated, inept, bankrupt country. |
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Posted: 7/5/2015 10:20:35 PM EDT
[#7]
Quote HistoryQuoted:
Those who laugh at the idea of the government seizing 401ks and the like here should be paying attention. i don't think you understand how credit and equity market economics works. ar-jedi |
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Posted: 7/5/2015 10:21:26 PM EDT
[#8]
Quote HistoryQuoted:
A currency backed backed by something other than the "good faith and credit" of a bloated, inept, bankrupt country. Quote HistoryQuoted:
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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. Our bankers are smarter than their bankers. Dollar is going to stay the reserve currency for the foreseeable future. What might even have a remote chance of dethroning the champ? Yuan, Rubble, Euro?? If you want to buy energy then you had better have dollars and that is the way of the world. China is going to have a rough Monday. A currency backed backed by something other than the "good faith and credit" of a bloated, inept, bankrupt country. The US dollar is backed by the threat of sanctions, CIA color revolutions and US military invasion |
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Posted: 7/5/2015 10:23:04 PM EDT
[#9]
Quote HistoryQuoted:
The average back account here has less than $1500, I doubt many that have more than 8K euro keep it in a (Greek) bank. Quote HistoryQuoted:
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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. http://www.ar15.com/forums/t_1_5/1739597_The_average_amount_of_money_in_an_American_s_bank_account_is__9_023.html&page=1 but http://www.ar15.com/forums/t_1_5/1739597_The_average_amount_of_money_in_an_American_s_bank_account_is__9_023.html&page=9#i54121574 ar-jedi |
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Posted: 7/5/2015 10:25:29 PM EDT
[#10]
The Greeks basically voted against austerity measures demanded by the EU and their creditors. I'll bet they are about to see what real austerity is.
They have also proven Margaret Thatcher right...."the problem with socialism is that eventually you run out of other people's money to spend." |
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Posted: 7/5/2015 10:27:58 PM EDT
[#11]
Quote HistoryQuote HistoryQuoted:
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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. http://www.ar15.com/forums/t_1_5/1739597_The_average_amount_of_money_in_an_American_s_bank_account_is__9_023.html&page=1 but http://www.ar15.com/forums/t_1_5/1739597_The_average_amount_of_money_in_an_American_s_bank_account_is__9_023.html&page=9#i54121574 ar-jedi 
ETA: Not talking 401 type accounts here, checking / saving type accounts. |
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Posted: 7/5/2015 10:32:54 PM EDT
[#12]
Quote HistoryQuoted: The Greeks basically voted against austerity measures demanded by the EU and their creditors. I'll bet they are about to see what real austerity is. They have also proven Margaret Thatcher right...."the problem with socialism is that eventually you run out of other people's money to spend." |
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Posted: 7/5/2015 10:33:50 PM EDT
[#13]
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. |
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Posted: 7/5/2015 10:38:26 PM EDT
[#14]
Quote HistoryQuoted:
The US dollar is backed by the threat of sanctions, CIA color revolutions and US military invasion Quote HistoryQuoted:
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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. Our bankers are smarter than their bankers. Dollar is going to stay the reserve currency for the foreseeable future. What might even have a remote chance of dethroning the champ? Yuan, Rubble, Euro?? If you want to buy energy then you had better have dollars and that is the way of the world. China is going to have a rough Monday. A currency backed backed by something other than the "good faith and credit" of a bloated, inept, bankrupt country. The US dollar is backed by the threat of sanctions, CIA color revolutions and US military invasion Our bankers don't mess around. The dollar is going to stay on top and we as Americans are going to keep enjoying the major advantages of having our currency be the worlds reserve currency. We are not Greece and any comparison is silly. It is much better to be citizen of the good ol USA than Greece. That being said we do have plenty of issues and the Fed inflating us out of debt is not exactly great for the average American. |
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Posted: 7/5/2015 10:41:18 PM EDT
[#15]
Quote HistoryQuoted:
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. Quote HistoryQuoted:
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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. It's the same, but less likely to trigger armed riots. |
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Posted: 7/5/2015 10:42:51 PM EDT
[#16]
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Shit like this almost makes me want to withdraw most of my savings and keep it in cash at home I thought you already wrote over everything you got to AIM as soon as the money cleared your bank. 
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Posted: 7/5/2015 10:45:03 PM EDT
[#17]
How soon before the catalogs of Greek mail order brides start showing up?
Fire sale on Greek beach property? |
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Posted: 7/5/2015 10:46:48 PM EDT
[#18]
Quote HistoryQuoted:
Those who laugh at the idea of the government seizing 401ks and the like here should be paying attention. 401K =/= cash As ar-jedi has pointed out a thousand times, you can't confiscate 401K's. The government can increase taxes on them but then people will stop using them as a retirement vehicle. ETA: Shit, ar-jedi already posted in the thread.
Max out your 401K, Roth, etc. Stop the bunker mentality. 
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Posted: 7/5/2015 10:52:22 PM EDT
[#19]
Quote HistoryQuoted:
Our bankers don't mess around. The dollar is going to stay on top and we as Americans are going to keep enjoying the major advantages of having our currency be the worlds reserve currency. We are not Greece and any comparison is silly. It is much better to be citizen of the good ol USA than Greece. That being said we do have plenty of issues and the Fed inflating us out of debt is not exactly great for the average American. Or anywhere else in the world for that matter. That's why I went through the legal immigration process to come here.
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Posted: 7/5/2015 10:58:17 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:
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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. The general lesson still applies, and Greece's fate would have been no different were they allowed to inflate their currency. The problem wasn't with the nature of the euro, even as a fiat currency, it was with the fiscal policy that the Greek people and their political leadership deliberately chose to implement. There is no smooth way to weasel out of the consequences of that sort of ruinous spending, and what options there are are for that are unacceptable to the powers that be. |
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Posted: 7/5/2015 11:04:37 PM EDT
[#21]
Quote HistoryQuoted:
http://www.ar15.com/media/viewFile.html?i=72869 ETA: Not talking 401 type accounts here, checking / saving type accounts. Quote HistoryQuoted:
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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. http://www.ar15.com/forums/t_1_5/1739597_The_average_amount_of_money_in_an_American_s_bank_account_is__9_023.html&page=1 but http://www.ar15.com/forums/t_1_5/1739597_The_average_amount_of_money_in_an_American_s_bank_account_is__9_023.html&page=9#i54121574 ar-jedi http://www.ar15.com/media/viewFile.html?i=72869 ETA: Not talking 401 type accounts here, checking / saving type accounts. Not to mention the as ar_jedi's article points out the averages are skewed by high earners. When you break it down 50k in a 401k is not much better than $1500 in a savings account. Something else driving up the averages is automatic enrollment. A result of the people at the top finally getting smart about getting around the HCE limits on 401ks. |
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Posted: 7/5/2015 11:15:29 PM EDT
[#22]
Quote HistoryQuoted:
http://www.ar15.com/media/viewFile.html?i=72869 ETA: Not talking 401 type accounts here, checking / saving type accounts. Quote HistoryQuoted:
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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. http://www.ar15.com/forums/t_1_5/1739597_The_average_amount_of_money_in_an_American_s_bank_account_is__9_023.html&page=1 but http://www.ar15.com/forums/t_1_5/1739597_The_average_amount_of_money_in_an_American_s_bank_account_is__9_023.html&page=9#i54121574 ar-jedi http://www.ar15.com/media/viewFile.html?i=72869 ETA: Not talking 401 type accounts here, checking / saving type accounts. the first line of the first link above contains valuable information for you. RIF. ar-jedi |
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Posted: 7/5/2015 11:17:21 PM EDT
[#23]
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Buy silver and gold. Quote HistoryQuoted:
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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 11:17:40 PM EDT
[#24]
Quote HistoryQuoted:
The general lesson still applies, and Greece's fate would have been no different were they allowed to inflate their currency. The problem wasn't with the nature of the euro, even as a fiat currency, it was with the fiscal policy that the Greek people and their political leadership deliberately chose to implement. There is no smooth way to weasel out of the consequences of that sort of ruinous spending, and what options there are are for that are unacceptable to the powers that be. correct, basically Greece does not have the ability to do what the US Govt does every day.
http://www.ar15.com/forums/t_1_5/1765439_U_S__futures_are_sharply_lower_after_the_Greek_vote.html&page=1#i54449575 ar-jedi |
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Posted: 7/5/2015 11:21:54 PM EDT
[#25]
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I was thinking about driving to Greece this Friday. What does the hive say? Will it be safe for a few days? The Rochester suburb?
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Posted: 7/5/2015 11:48:47 PM EDT
[#26]
I was thinking about driving to Greece this Friday.
What does the hive say? Will it be safe for a few days? Take plenty of money (euros) in cash. Small bills (20's). And carry in a security pouch under your clothes. When you arrive, get out of Athens ASAP. Do those things, and you should be OK. ETA: Oops. I thought you were actually driving to Greece (presumably from Albania). Not Greece, NY. Sometimes I get a little dense in my old age. |
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Posted: 7/5/2015 11:51:33 PM EDT
[#27]
Dow up or down tomorrow morning? I would guess down, because the election result was unexpected, and hadn't already been discounted by the market. Certainly the euro will be down against the dollar. |
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Posted: 7/5/2015 11:53:41 PM EDT
[#28]
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i don't think you understand how credit and equity market economics works. ar-jedi Quote HistoryQuoted:
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Those who laugh at the idea of the government seizing 401ks and the like here should be paying attention. i don't think you understand how credit and equity market economics works. ar-jedi More importantly, big government types who would be tempted to contemplate things like seizing private assets don't understand credit and equity market economics. Don't get me wrong, I invest towards my retirement with the stock market. It's a great investment tool. I'm just saying investing in things like good health, knowledge, and things government can't try to mess with quite so easily in addition isn't the worst idea in the world. |
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Posted: 7/5/2015 11:54:55 PM EDT
[#29]
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Max out your 401K, Roth, etc. Stop the bunker mentality. See post above. I am investing there. Just not ONLY investing there, because it is an attractive target for more taxation. |
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Posted: 7/5/2015 11:59:57 PM EDT
[#30]
Quote HistoryQuoted:
I would guess down, because the election result was unexpected, and hadn't already been discounted by the market. Certainly the euro will be down against the dollar. Quote HistoryQuoted:
Dow up or down tomorrow morning? I would guess down, because the election result was unexpected, and hadn't already been discounted by the market. Certainly the euro will be down against the dollar. NOT unexpected. Posted Via AR15.Com Mobile |
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Posted: 7/6/2015 12:07:43 AM EDT
[#31]
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Those who laugh at the idea of the government seizing 401ks and the like here should be paying attention. Like the goberment gives a shit if you save money for yourself. They planned to take that shit long ago. |
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Posted: 7/6/2015 12:08:50 AM EDT
[#32]
NOT unexpected. All the polls and the gurus were predicting a very close result, or a "yes" victory. I fell into that trap of conventional wisdom myself. The entire Greek press establishment (TV and print media) spent the last week propagandizing the dangers of a "no" vote. Employers were telling their emplyees that if the "no" vote prevailed, they would lose their jobs the next day. The closing of the banks was attributed to the Greek government's attitude in the negotiations. The fact that Greek voters defied these pressures was totally unexpected. |
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Posted: 7/6/2015 12:10:52 AM EDT
[#33]
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:
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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. Uh yeah, so like what's the difference? You are basically confirming what he is saying. |
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Posted: 7/6/2015 12:11:24 AM EDT
[#34]
Quote HistoryQuoted:
The average back account here has less than $1500, I doubt many that have more than 8K euro keep it in a (Greek) bank. Quote HistoryQuoted:
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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. And? That means it's all ok? |
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Posted: 7/6/2015 12:12:24 AM EDT
[#35]
Quote HistoryQuoted:
NOT unexpected. Posted Via AR15.Com Mobile Quote HistoryQuoted:
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Dow up or down tomorrow morning? I would guess down, because the election result was unexpected, and hadn't already been discounted by the market. Certainly the euro will be down against the dollar. NOT unexpected. Posted Via AR15.Com Mobile Being called to a popular vote was very unexpected. This is pretty uncharted territory. Every one expected Greece to accept the terms and a bunch of hedge firms went long on Greek debt because everyone knew there would be a bailout of sorts. The question that will soon be answered is who went long and how heavy plus what kind of crazy derivatives are covering the Greek debt. Throw the Chinese QE meltdown into the mix and things on the world markets are far from stable. |
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Posted: 7/6/2015 12:12:56 AM EDT
[#36]
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Communist much? Quote HistoryQuoted:
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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? You're thinking of another guy in this thread. |
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Posted: 7/6/2015 12:13:05 AM EDT
[#37]
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And? That means it's all ok? Quote HistoryQuoted:
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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. And? That means it's all ok? Reading is fundamental. |
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Posted: 7/6/2015 12:18:18 AM EDT
[#38]
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I wonder if this will pump up the American stock market. People overseas looking for a relatively safe place to put their monies might think we are it. Lol. |
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Posted: 7/6/2015 12:21:55 AM EDT
[#39]
Quote HistoryQuoted:
Reading is fundamental. Quote HistoryQuoted:
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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. And? That means it's all ok? Reading is fundamental. Up or down |
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Posted: 7/6/2015 12:29:15 AM EDT
[#40]
Wonder what the gun laws are like in Greece ... I can't imagine the bloodshed here if the governments tried to steal 30% of everyone who had more than $10K in the bank.
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Posted: 7/6/2015 12:37:59 AM EDT
[#41]
Quote HistoryQuoted:
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. 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. 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. QFT |
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Posted: 7/6/2015 12:42:37 AM EDT
[#42]
so i really dont quite understand everything here.
people seem to be shouting socialism with the no vote, but wasnt yes to essentially take money from other more wealthy nations to bail them out? isnt that socialism? isnt the proper thing to do is solve their problem by themselves and tax their own people to pay their debt? i havent claimed to really understand any of this shit, but it seems like not taking a bailout and actually paying off debt is the non FSA thing to do. |
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Posted: 7/6/2015 12:43:03 AM EDT
[#43]
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:
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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. Inflating the shit out of our currency will hurt the buying power of everyone but the super wealthy. That screws us all. There is no acceptable outcome for deficit spending at the retard level we are all seeing. |
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Posted: 7/6/2015 12:50:20 AM EDT
[#44]
Quote HistoryQuoted:
The US dollar is backed by the threat of sanctions, CIA color revolutions and US military invasion Quote HistoryQuoted:
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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. Our bankers are smarter than their bankers. Dollar is going to stay the reserve currency for the foreseeable future. What might even have a remote chance of dethroning the champ? Yuan, Rubble, Euro?? If you want to buy energy then you had better have dollars and that is the way of the world. China is going to have a rough Monday. A currency backed backed by something other than the "good faith and credit" of a bloated, inept, bankrupt country. The US dollar is backed by the threat of sanctions, CIA color revolutions and US military invasion Ugh...so it's like you take our worthless paper or we will be upset and invade you???  And that helps our country or economy how??
You have any U.S. historical precedent for this?? |
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Posted: 7/6/2015 12:57:18 AM EDT
[#45]
Quote HistoryQuoted: Ugh...so it's like you take our worthless paper or we will be upset and invade you??? And that helps our country or economy how??You have any U.S. historical precedent for this?? 1904 -- U.S. sends customs agents to take over finances of the Dominican Republic to assure payment of its external debt. (one of many) |
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Posted: 7/6/2015 1:01:20 AM EDT
[#46]
Quote HistoryQuoted:
Wonder what the gun laws are like in Greece ... I can't imagine the bloodshed here if the governments tried to steal 30% of everyone who had more than $10K in the bank. From a brief gander online this is what it looks like their situation is: No full auto. Semi auto and pistols can both be obtained by permit, after demonstrating a reason to own the gun/background check. They also have full registration of both firearms and ammunition, and only licensed dealers can sell guns. Not sure how common/easy it is to get that special permit. Probably looks a lot like May Issue states did here in the states back in the day, but with fewer guns in circulation. Either way I'm sure their full registration of firearms and ammo has successfully accounted for every gun and every cartridge in Greek hands too, don't you? 
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Posted: 7/6/2015 1:04:39 AM EDT
[#47]
Quote HistoryQuoted: Ugh...so it's like you take our worthless paper or we will be upset and invade you??? And that helps our country or economy how??You have any U.S. historical precedent for this?? Quote HistoryQuoted: Quoted: The US dollar is backed by the threat of sanctions, CIA color revolutions and US military invasion Ugh...so it's like you take our worthless paper or we will be upset and invade you??? And that helps our country or economy how??You have any U.S. historical precedent for this?? Libya. Gaddafi was laying the groundwork to trade oil using gold, circumventing the US dollar.  |
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Posted: 7/6/2015 1:05:30 AM EDT
[#48]
Quote HistoryQuoted:
Ugh...so it's like you take our worthless paper or we will be upset and invade you??? And that helps our country or economy how??
You have any U.S. historical precedent for this?? Quote HistoryQuoted:
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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. Our bankers are smarter than their bankers. Dollar is going to stay the reserve currency for the foreseeable future. What might even have a remote chance of dethroning the champ? Yuan, Rubble, Euro?? If you want to buy energy then you had better have dollars and that is the way of the world. China is going to have a rough Monday. A currency backed backed by something other than the "good faith and credit" of a bloated, inept, bankrupt country. The US dollar is backed by the threat of sanctions, CIA color revolutions and US military invasion Ugh...so it's like you take our worthless paper or we will be upset and invade you??? And that helps our country or economy how??
You have any U.S. historical precedent for this?? Well if you wish to purchase energy then you had better figure out how to come up with dollars. Being the entire worlds reserve currency is much better than not being the entire worlds reserve currency. It is not exactly fair unless you factor in the the World's Policeman thing. Keeping at the top of the heap in money might also require keeping at the top of the heap when schit needs fixing in the world. |
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Posted: 7/6/2015 1:06:45 AM EDT
[#49]
Quote HistoryQuoted:
1904 -- U.S. sends customs agents to take over finances of the Dominican Republic to assure payment of its external debt. (one of many) Quote HistoryQuoted:
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Ugh...so it's like you take our worthless paper or we will be upset and invade you??? And that helps our country or economy how??
You have any U.S. historical precedent for this?? 1904 -- U.S. sends customs agents to take over finances of the Dominican Republic to assure payment of its external debt. (one of many) Are you saying the U.S. took over the money of another country to make sure that countries' outstanding loan payments were paid? Was the Dominican Republic a province of the U.S. at that time? Have we ever invaded and occupied an independent nation because they would not accept our currency?? |
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Posted: 7/6/2015 1:09:07 AM EDT
[#50]
Wonder what the gun laws are like in Greece ... I can't imagine the bloodshed here if the governments tried to steal 30% of everyone who had more than $10K in the bank. Interesting that you ask. Gun laws in Greece are, in a word, draconian. (Maybe not as draconian as in the UK.) Shotguns are generally OK, rifles are generally prohibited, handguns are strictly licensed. On the other hand, gun laws are widely ignored. The country is awash with Kalashnikovs, most of which were smuggled in from Albania after the Hoxha regime fell in that country. AK-47's are available for $400 - $500 on the black market, if you know the right people. Not a week goes by without an AK being used in some spectacular crime. There are certain areas, such as Crete, where gun ownership is a traditional custom. The police generally turn a blind eye there unless the gun is seriously misused. In rural areas, there are a lot of guns left over from WW2 and the Greek Civil War. These are well hidden. The reason that guns are not used in riots, etc., is that this would violate the unwritten rules of the game. Molotov cocktails and rocks are OK in riots, but Kalashnikovs are not. That would escalate the incident to "terrorism" and practically no one wants to go there. Greeks have a long historical memory and they don't want to repeat the past. That's why there's no new civil war in the offing. |
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