Bailout of Cyprus to cost depositors 10% immediately

Discussion in 'Markets & Economies' started by Caput Lupinum, Mar 16, 2013.

  1. willrocks

    willrocks Well-Known Member Silver Stacker

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    Yes, somewhere that's stood the test of time through many a banking crisis. If only there was such a safe harbor. :(
     
  2. willrocks

    willrocks Well-Known Member Silver Stacker

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  3. perthsilver

    perthsilver Member Silver Stacker

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  4. valuecreator

    valuecreator Well-Known Member Silver Stacker

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    I think I found the next big thing!

    They call it the US dollar.

    I saw it last night on the idiot box.

    [youtube]http://www.youtube.com/watch?v=UZXX5i8tj5s[/youtube]
     
  5. Guest

    Guest Guest

    ^^^ :lol: :lol: :lol:

    Whoever wrote that girls script is either insideous or incredibly naive
     
  6. Clawhammer

    Clawhammer Well-Known Member Silver Stacker

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    Holy [email protected]!!! Gold is backed by nothing, but the $US is backed by the United States and will be around a lot longer!!?!

    That's it.. I'm buying more gold!!!
     
  7. SilverPhoenix

    SilverPhoenix New Member Silver Stacker

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    The world has been reduced to a state of utter stupidity when people can't even image something so useful, so rare, so valuable that it doesn't need backing. Rather like moral codes and other useless stuff. Oh well, keep stacking, prepare the retreat, wait for the STHF and shoot any intruders. It'll all be academic one day.
     
  8. doomsday surprise

    doomsday surprise Active Member Silver Stacker

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    That's it - selling my stack to buy $US. US govt backing is enough for me. :D
     
  9. Caput Lupinum

    Caput Lupinum Well-Known Member Silver Stacker

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    If she was going to say something that dumb, she should could of at least done us a favour and showed some cleavage
     
  10. Clawhammer

    Clawhammer Well-Known Member Silver Stacker

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    Just reported on the ABC News cyprus has proposed a 20% theft from all accounts over $120,000 (equivalent).

    P.S.
    I just keep going back and re-watching valuecreator's video of that brainwashed reporter. I am absolutely flabberghasted that anyone could actually say what she said. Also; "The fall in the price of gold has been in part caused by investors selling off to make up for losses in other areas..."
     
  11. Caput Lupinum

    Caput Lupinum Well-Known Member Silver Stacker

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  12. BigSteve

    BigSteve New Member Silver Stacker

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    They've had a week to print many Cypriot Pounds. I really hope they exit the Euro......
     
  13. renovator

    renovator Well-Known Member

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    I find it a little amusing that they thought joining the euro would give them the security & backing of a decent currency & now theyre in trouble theres not much help forthcoming from the rest of the eurozone .

    For it to have worked they needed to all back each other to the end not say "your broke bad luck sort it out yourself "

    To me it would be like one of the oz states going broke & then the pm saying bad luck now your on your own . you can start your own bananaland dollar

    It had fail written all over it to begin with .Theres too many variables in the amount of countries that are in the euro imo
     
  14. Clawhammer

    Clawhammer Well-Known Member Silver Stacker

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    Orh!! Come'on Reno... next you'll be saying letting Lithuania and Latvia into the EU was a mistake ;)
     
  15. renovator

    renovator Well-Known Member

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    No those 2 are fine germany is the problem :lol:
     
  16. Clawhammer

    Clawhammer Well-Known Member Silver Stacker

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    I was going to write a counter-argument to your Australian states example about how the Commonwealth would step in BEFORE things got too bad... but then I realised that I'm in a State that's effectively broke with more than 10years worth of debt to pay-off :(
     
  17. Caput Lupinum

    Caput Lupinum Well-Known Member Silver Stacker

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    I'm sure when the eurozone was formed, the TPTB thought globalisation and the loss of sovereignty would have proceeded quicker and be met with less resistance than it has. I'm sure if they could start over they would dissolve national governments and democracy as it simply gets in the way.
     
  18. Clawhammer

    Clawhammer Well-Known Member Silver Stacker

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    Germany's always the problem...
     
  19. renovator

    renovator Well-Known Member

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    lol you did notice my bananaland currency line ? .Sly dig at qld ...couldnt help myself
     
  20. southerncross

    southerncross Well-Known Member Silver Stacker

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    Ha Ha, I wouldn't laugh too hard Reno, compare QLD debt to NSW....

    Now you know why we call you Mexicans. LOL

    http://www.debtclock.com.au/
     

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