Risk map: Most of the nations at 'extreme' risk from a eurozone collapse are in Europe but some are in Africa
Posted on 03/18/2013 6:46:57 AM PDT by Kartographer
Stock markets across Europe and Asia tumbled today as investors reacted to an unprecedented raid on bank accounts in Cyprus prompted by a £8.6billion bailout by the European Union. As the Cypriot parliament delayed a crucial vote on the measure for the second time, angry scenes erupted on the streets of the capital Nicosia. Protesters who stand to lose ten per cent of their savings stood outside the Parliament building holding anti-German banners which left doubt where they believe the blame lies for the latest crisis to envelope the eurozone.
Meanwhile, many Britons who have moved to the Mediterranean island face losing thousands in savings as they are unlikely to be compensated. The British government has said it will pay back troops stationed on Cyprus who have cash seized.
(Excerpt) Read more at dailymail.co.uk ...
The U.S.A is running on debt
The debt keeps building but the socialists/democrats say there is no crisis there only fake global warming (co2) hoax that's their made up crisis
put your money in land ,houses, gold , anything , don't keep savings as Obama is making money worthless
banks only need to have 10% of the money they actually lend. so If I make a $100,000 loan then the bank only needs to have $10 k actually , they create the 90,000 $ out of thin air to give me the 100k loan. i then take that loan and deposit it in 10 banks and each of those 10 banks can also create 90K out of thin air , and so on. it's not real money backed by anything. but there is no crisis the libs say
The government needs tax us and to borrow trillions to fund fake global warming research and to give grants like the one for 1.5 million $ to fund a study to see why lesbian couples are fatter than gay male couples
Running on Empty
Songwriter: BROWNE, JACKSON
From Jackson Browne’s Running on Empty album
Looking out at the road rushing under my wheels
Looking back at the years gone by like so many summer fields
In sixty-five I was seventeen and running up one-on-one
I don’t know where I’m running now, I’m just running on
Running on-running on empty
Running on-running blind
Running on-running into the sun
But I’m running behind
Gotta do what you can just to keep your love alive
Trying not to confuse it with what you do to survive
In sixty-nine I was twenty-one and I called the road my own
I don’t know when that road turned into the road I’m on
Running on-running on empty
Running on-running blind
Running on-running into the sun
But I’m running behind
Everyone I know, everywhere I go
People need some reason to believe
I don’t know about anyone but me
If it takes all night, that’ll be all right
If I can get you to smile before I leave
Looking out at the road rushing under my wheels
I don’t know how to tell you all just how crazy this life feels
I look around for the friends that I used to turn to to pull me through
Looking into their eyes I see them running too
Running on-running on empty
Running on-running blind
Running on-running into the sun
But I’m running behind
Honey you really tempt me
You know the way you look so kind
I’d love to stick around but I’m running behind
You know I don’t even know what I’m hoping to find
Running into the sun but I’m running behind
Reference for later events.
On another post someone said you should take your money OUT of banks. OK, then what do you do with it? Stuff your mattress because they will probably take over your 401Ks also.
buy land, houses, real estate
Comment from a neighbor this am at breakfast ref the Cyprus bank mugging : “I need to get a bigger matress...”
Not a matter of if but when Obama/democrats come to steal our savings, retirement, etc. from us
Are they sure it wasn’t the joos?
With banks paying <1% for passbook savings, you may as well stuff it in your mattress. For the first time, I’m thinking seriously of draining everything from my 401K, even willing to pay tax and penalty on it, just to keep Obastard from getting his grubby mitts on it.
Since we have our own currency, the Fed and the Treasury can print money effectively stealing yours from under your mattress without even opening your door.
Says it all. What a great post to this thread...Or any other, the more I think about it.
Hmmm.
I think gold hidden in Mason jars are a better plan.
Govt can sieze your houses and land and give it to their constituents.
If you can’t roll around naked on your assets, the government can take it from you.
Pay off your house. Pay off your car. Sell them and buy a farm. Grow your own food.
Governments in the past have made their currency illegal, forcing citizens to turn in the old currency for newer, cheaper currency. Germany did that in the 1920s.
Today they could just tell you all currency will be swept away and all monetary exchanges will be done electronically.
At that point, bartering will have to do, I suppose. I’ll be damned if I get a barcode on my forehead or wrist. (Barcodes, by the way, are divided by paralel lines “ll” symbolizing “6”. There are three of them: one at the begining, one in the middle, and one at the end. How satanic!)
Last year we paid off the house and the car. We emptied out the bank accounts two weeks ago. We no longer have jobs but buy at estate sales and garage sales then sell on craigslist - always using cash.
Keeping money for retirement doesn’t make any sense because that will probably be where Obama strikes first - there is literally trillions of $$ in 401Ks.
“banks only need to have 10% of the money they actually lend. so If I make a $100,000 loan then the bank only needs to have $10 k actually , they create the 90,000 $ out of thin air to give me the 100k loan. i then take that loan and deposit it in 10 banks and each of those 10 banks can also create 90K out of thin air , and so on. it’s not real money backed by anything. but there is no crisis the libs say”
To most people this is as hard to understand as Quantum Physics. Worse even, because they think your crazy. But you’ve just described fractional reserve banking, which has been around for 100s of years.
They create money out of “Thin” Air, but when the person they lent the money too can’t repay the loan. The money is then destroyed. Get enough of that going and the economy goes into recession/depression. (i.e.housing crisis).
Translation: The bitch set me up.
Merkel stole {10% of the money we stashed offshore so that we would never have to let the taxing authorities in our own country know it existed}
We KNOW they are thinking of it, since the Klintoon’s toyed with the idea back in the early days of their administration.
Back during Reagan’s administration and before, a person could have up to $600 in interest on passbook savings accounts before any taxes were withheld. Then The Dems in Congress, led by Tip O’Neill, changed the tax law so that every penny of interest was taxable. Adjusted for inflation, that $600 today would be about $1200 today. They killed any incentive for people to save any money at all, which is the bedrock of the economy...........
That's why they're only taking 10 percent in Cypress. That's all that is there.
Our own Central Bank is doing the same thing.
Zero interest rates, Gov’t bond monetization and $ Trillions in QE to bail-out the Fed’s money-center banks is having the same effect on US wages and savings.
Shut down the FED, and you kill all progressive/leftist plans for Gov’t at the source. The nanny-state could not exist without the Federal Reserve.
I’m surprised conservatives don’t see it.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.