Tradefair & Financials
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19 Mar 13
17:16
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Date Joined:
31 Aug 07
Simple question, where is money safe from a banking collapse? is it just gold/assets and property? would cash be worth anything? this whole Cyprus thing has me questioning all this, a bankrun would bankrupt europe in just a few days is my assessment and we might not be far from that.
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The short answer to your question is, I don't know anymore.
Here's the long answer. The Cyprus government which hasn't voted yet (the vote keeps getting postponed) has now made public statements that they EU imposed depositor haircut "solution" will not pass parliament. The ruling party DISY will abstain and all other parties in parliament will vote NO. What happens next is anyone's guess, my guess is the EU will miraculously find some cash under the pillow and hand it to the Cypriots so that they own banks don't collapse, which was what their concern was all about in the first place. The damage is done however, no matter how it plays out from this point on. Confidence in the system had been shaken by anyone who can spell their own name without making a mistake. This was a trial balloon about......silence please.....the gradual abolition of property rights. The most fundamental pillar of human rights and the foundation of a free market and a free economy. If they can do this to your bank account, why is your property safe? Greeks have be levied "special tax" on property twice now since the crisis started with a third one in the works. If you don't pay, you are evicted and your property is confiscated. Where's the property rights Greeks (and all civilized people) thought they had? If they can do this to your bank account and confiscate your savings, why is your gold safe from confiscation? It's been done before in the US and the subtle difference between now and then has now all been erased. In 1933 gold was money, today it is merely an asset, it is merely property like your house or anything else you own. The subtle difference who made confiscation today extremely difficult, if not impossible, was the fundamental protection citizens of civilized democratic societies thought they had through fundamental and safeguarded by the letter of the law property rights. This fine line no longer exits. This system needs to collapse to be reformed. It is too corrupt, too Orwellian, too powerful, too controlling and intrusive in peoples lives to be gradually reformed. Luckily enough however (yes, yes, I know, before you say it, I don't mean to trivialize the total chaos involved with a collapse) but what started in March 2007 is an unstable force that needs to play out. The system was designed to fail from the outset, all that's taking place now is the final transfer of hard asset wealth into the hands of the friends of the money cartel. Patience. |
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best bet is stick it in the equities like gas n oil, buy as much of the gold silver n copper as u can and ahve some portable assets, we used to rip the piss out of rap stars for all that bling....turns out maybe they wernt that daft after all, spread your risk people
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There you go, the money magically found under a pillow as predicted. The illusion must go on by doing "whatever it takes". This is the same ECB who cut off liquidity to Cyprus' second largest bank, Laiki Bank, during the EU leadership meeting just a short couple of days ago. But it must be "within the rules" of course..
 One can only laugh at this stage.... https://twitter.com/BloombergNews/status/314094148137414656 |
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ok then we it didnt take a genius to realise the cash would be found but given the present perilous state of confidence in all things banking i really do doubt this was done deliberately to take control of the gas fields and undermine russian confidence. If this started a major european bank run a lot more would be at stake than 600 billion of gas, dynasties could die and governments topple.
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You overestimate their intelligence.
They've run roughshod over Ireland, Portugal, Greece and even Spain and Italy, so they thought puny little Cyprus was child's play. They underestimated the public's reaction as well as the significant influence Russia holds over the island. They also underestimated international reaction. ...and yes, this is all about ENERGY, not an insignificant 17bn euro, (Bernanke prints that every six days) that Cyprus needed. Please don't ask me to explain again, if you don't get it, you don't get it, that's fine, it's not like I' trying to convert you to Catholicism. I can only take you to the door, taking the next step to go through is entirely up to you. |
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You are funny Melly. This thread says all that needs to be said about your modus operandi. One minute a blinding moment of realisation with you correctly accepting that you actually don't know. The next you again perfectly reasonably say that what happens next is anybody's idea before positing the most likely option and then declaring your genius because you had predicted it all along. Bravo.
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Still addicted, eh?
It's FOREVER mug, I made sure of that.  |
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Now run back to the Politics forum to see if I posted anything over there.
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http://www.nybooks.com/articles/archives/2012/sep/27/tragedy-european-union-and-how-resolve-it/
this dude wseems to have a clue, btw he is the richest man ever |
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Pierre
Money isn't safe from a banking collapse. What is money if not merely a piece of paper backed by confidence? Collapse that confidence and that paper will return to its true value. So total is the states grip over our lives now that it can and probably will do anything to perpetuate its status. What you have to understand is the difference in how roman and civil law systems tend to operate and even in common law systems like (traditionally) ours and indeed America's they can pass laws forcing you to comply with their demands. Nobody can give you any great insight or predictions because there are none to be given. All I'd say is the obvious of diversifying to the extent that you can and hope. |
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Melly
No need. You just post a different version of the Melly show wherever you are. You' d turn up as The Incredible Bullshiitting Man if you pitched up on the Snooker forum. |
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Why didn't you post "I hope for the best and prepare for the worse" and save us some time.
No, really, money is merely a piece of paper backed by confidence? Seriously? And all this time I thought it was something every country and every economy needed to buy oil, and that it was backed by the mightiest army the world has ever seen. Save the sh1t you lift out of rags you read for the Politics forum, not here. |
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kinda what i was saying, really, spread the risk look to the old and new safe havens and pray, if i could i'd buy a small island and stuff it full of wave generators guns and sheep...probably in the inner hebrides, no fecker there really. unfortunately interesting times are ahead of that i am certain.
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The Melly show is open for business. Many customers through the door today Melly? Must be difficult getting return visitors.
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Getting spanked on here is old news for you. What I want to know is how you feel getting spanked in your own back yard now?
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Slim
I live pretty close to that kind of lifestyle myself but no man is an island. I'm careful about advocating going down that route and indeed fully embracing it myself because in the worst case scenario I'm not really sure I want to be around if the balloon goes up. By the way Melly in this case the balloon isn't you. The exception which proves the rule. |
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I guess there's only so many times you can post "I love Thatcher" when the discussion is about economics and get away with it.
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You're a card Melly. Running over to the politics begging for my attention just so you can dance for me and then you have the temerity to speak about getting spanked.
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Hustle over to the Politics forum, I rang a bell for you over there.
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Remind me again, how do you plan......(you know the rest)
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Indeed there is but there seems no limit to the number of times you can say, it's all about the oil and look at my huge balls.
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I seem to have energised you Melly. Put something over the keys before you squirt.
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You should exactly how huge my balls are, they've been up your *** more times than I care to remember.
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What I've done to you is irreversible. But then again, I think you know that.
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Reduced to bragging about male buggery. You couldn't make it up. The Melly show has a special adult evening programme.
Unfortunately it's shiit. No change there. |
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It's FOREVER mug.
And I'd be lying if I said I wasn't enjoying it. P.S. That's what happens when you bring my balls up in your posts, you end up having them up your...... Then you complain like a crybaby. Same as it always been. |
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Eeternaloptimist Date Joined: 28 Jun 10 Add contact | Send message 19 Mar 13 20:52 Joined: 28 Jun 10 | Topic/replies: 16,588 | Blogger: Eeternaloptimist's blog Slim I live pretty close to that kind of lifestyle myself but no man is an island. I'm careful about advocating going down that route and indeed fully embracing it myself because in the worst case scenario I'm not really sure I want to be around if the balloon goes up. i totally agree i dont have a family so will probably go hunting for the feckers what got us in this mess, but if i had kids this is the safest option given a large cash surplus . goldsmith didnt build his little enclave in peru for feck all now did he. |
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"I live pretty close to that kind of lifestyle myself"
And you believe what he posted, yes? P.T. Barnum was right after all. You should ask him how he manages to do that in a wheelchair, popping Zoloft and receiving NHS assistance just to get by. I'm not trying to be mean, I'm just trying to open your eyes. |
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you have not given us one single answer to what the fook we should do
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Start with shutting up.
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you are going to regret that
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Sure, whatever you say
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say sorry and we can move on dont and i will have your giblets stuffed and mounted in my trophy cabinet, i never made one direct attack on you and did nothing but debate a point
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Shhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhh
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ok war is declared
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Slim
Is he really worth the effort? Laugh at him. It gets him every time. I applaud your intention to take direct action against the perps but they will probably be gone to that safe enclave if things get ugly. |
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he drew first blood after no provocation on a thread he didnt even create and i dont like his style, at best its weak rhetoric at worst its condescension bordering on solipsism, go on the horse racing forum and ask about me they will tell u just how angry and determined i can get when i want to be, i have had a lot better than him off the forum in days, i would prefer to do it in a challenge ie making some cash but this guy does not have a bolt thats obvious....all he has to do is say sorry
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I've smacked his arse a few times. The problem as you are about to find out is that despite wobbling around like a Glaswegian lottery winner he just repeats the same tired old chiched comments day after day and it really all gets very boring. As in fact any discussion with him does which isn't stroking his ego.
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You smacked my arse so many times my hand hurts ///snark
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