Greek Court Decision Sets Dangerous Precedent for Banks

From Zerohedge:

Full article:
http://www.zerohedge.com/news/100-d...n-greece-sets-troubling-precedent-greek-banks

 

Now thats .... well .... ekhm who would expect that?
Greece truly is a circus.

 

Maybe she's just traded personal debt for state debt and doesn't even know it.

 

^ Hahahaha whatever the case, expect Germans to pay for it

 

easy come ... easy go!

 

no different to becoming bankrupt in australia, whats stopping someone racking up $20k in PM purchases, having a boating accident and then declaring banruptcy?

 

If I was Greek, lived in Greece (not Melbourne), and saved all my life, this would make me lose my s@%t.

The savers get screwed.

I feel like auspm right now.

 

the fear of never being able to purchase anything on credit ever again ...

not being able to have your own company ... and i'm sure there are numerous other ingenius "rules" created that will make your life as difficult as possible til the day you die...

 

Hmmm. Wish I had a higher credit card limit

 

7 years without being able to borrow? admittedly 20k is nothing but what about 250k?

 

Unfortunately there are people out there that spend most of their lives, thinking and planning how to get away with that sort of thing.
How to squeeze every tiny cent's worth of value out of everything. Which is why the industry attracts so many people with psycho-sociopathic disorders that are greedy and lazy.

 

so true it just goes to show what a sham of a fiat money system we have, intangible assets buying tangible assets

credit cards should be like any other loan IMO, people need to put up some collateral to get one

 

The fiat money system is based on fancy looking coupons that fooled and enslaved the world...

"A great industrial nation is controlled by it's system of credit. Our system of credit is concentrated in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated governments in the world--no longer a government of free opinion, no longer a government by conviction and vote of the majority, but a government by the opinion and duress of small groups of dominant men." President Woodrow Wilson

 

"The few who understand the system, will either be so interested from it's profits or so dependant on it's favors, that there will be no opposition from that class." Rothschild Brothers of London, 1863

 

Personally i view the fiat monetary system as a global wealth extraction mechanism the end result of which is for the "shareholders" of the central bankers to acquire and store gold. The paper side is the illusion meant for the rest of the world. It may as well be monopoly money ...

 

Nothing, except the debt doesn't get extinguished just because you declare yourself bankrupt.