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Greek banks closed on Monday. state of emergency.

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posted on Jun, 28 2015 @ 11:49 PM
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originally posted by: AugustusMasonicus

originally posted by: BuzzyWigs
It has already happened here. It caused the "Great Depression."


At least our currency was still tied to gold at that point which made it worth more than the paper it was printed on.


Gold?
What gold?
Several EU countries have asked the U.S. for their gold that was in Ft Knox The Fed said no, Politicians have asked to see the gold in Ft Knox and the Fed said NO.
Why?
Perhaps there is NO gold in the Fed Treasury.




posted on Jun, 28 2015 @ 11:50 PM
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originally posted by: mortex

originally posted by: TacticalStats
Unfortunately I don't think the current Sariza party led by Tsipras planned for this, being that they didn't fully form until 2013. They got elected on the grounds to oppose these bailouts but it seems as late as a new captain opposed to breaking speed records across the Atlantic Ocean one hour after the Titanic hit that iceberg in 1912. I hope they leave the EU and go the BRIC banks but I don't think it will help them either way. a reply to: jellyrev



They wont be going to BRICS because they are part of NATO and it's not an option.
There will be a civil war before Greece joins BRICS. Trust me on this one.

Syriza has a plan. They are mostly members of the communist party.
This is their big moment.
If you think this isn't part of the plan, the script being played out, think again.

This is all orchastrated. Nobody went into this blind or unprepared.



BRICS and NATO are not mutually exclusive. One is a trade group and one is a military alliance. Other members of NATO were floated as potential members of BRICS before the wheels fell off all the BRICS economies. BRICS however is not going to throw good money into Greece and not expect a return. And the terms they would set would be much more severe then the EU.



posted on Jun, 29 2015 @ 12:12 AM
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a reply to: MrSpad

Yep you are spot on again......They are not going to bailout Greece......Not happening. Sadly until Greece ditches the progressive liberal socialism will continue to spiral out of control into the abyss.



You can not get something from nothing forever.



posted on Jun, 29 2015 @ 02:12 AM
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www.bbc.co.uk...
Cash withdrawals will be limited to €60 per day, so im assuming that's from ATM's if the ATM's have any cash left that is.



posted on Jun, 29 2015 @ 02:25 AM
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a reply to: ketsuko

Yes, you might think so - but it ain't necessarily so. As an example, look at the map of Northern Europe in 1871: as you can see, many "nations" as we know them today did not exist back then. And that's just one snapshot of Europe, you can go back and forth in time and will find that Europe has been constantly changing. Alas often resulting in or resulting from wars. It was to stop that that the EU was founded.

Also, keep in mind that Europe always had a very strong trade tradition, especially on the continent. It was quite normal to travel abroad to work in another country, for example. So, Europe already was much more a unity than many might think - even before the EU was founded.



posted on Jun, 29 2015 @ 02:50 AM
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originally posted by: AugustusMasonicus

originally posted by: BuzzyWigs
It has already happened here. It caused the "Great Depression."


At least our currency was still tied to gold at that point which made it worth more than the paper it was printed on.


Yes but then they made it illegal to own gold and made people exchange it for paper - after it's value had been artificially depressed - then once it was over allowed the price of gold to go back to it's real level - theft of the wealth of the people.

That's democracy for you - oh, hang on...



posted on Jun, 29 2015 @ 03:02 AM
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a reply to: liteonit6969
I like how they call it a "bank holiday". That is hilarious. Pretty much saying that all citizen's monetary deposits are frozen, and you are screwed.

Prepare "Murica", because this is what coming next for us. ;(



posted on Jun, 29 2015 @ 03:02 AM
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originally posted by: SubTruth
a reply to: MrSpad

Yep you are spot on again......They are not going to bailout Greece......Not happening. Sadly until Greece ditches the progressive liberal socialism will continue to spiral out of control into the abyss. You can not get something from nothing forever.


Oh, certainly you can. Look at what the banks are doing: they create money out of thin air, lend it to countries at high interests and hence create more money. But the difference between the first stash of money - which was created out of nothing - and the latter is that the population has to work for it. Which, of course, should be done as efficient and effective as possible, according to capitalistic principles. This results in less work for less people, lower wages for the remainder of the working population and an additional burden for the State who has to provide at least some income. But they don't have the money for it, so they have to lend it - from the same banks that created the problem. Then it all spirals out of control. The banks don't get their money, they cry "too big to fail" - and again the government has to provide a solution, will then require even higher taxes - and again, inevitably, the population suffers.

So, yes, you can get something from nothing forever.

Kudos to the people of Greece, whom chose to stop this nonsense and voted for socialism and against institutionalised theft.



posted on Jun, 29 2015 @ 03:36 AM
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a reply to: SubTruth

I always said the EU was doomed from the beginning. It was not about the EU it was about the Franco/German power block. The did with the EU what they where unable to do with two World Wars...take over Europe.

The Brits say it from the beginning and decided not to play. So go along with the free trade and travel stuff, but link the money? No way.

Add to this all the socialistic programs and your doomed. Just where was the countries to get the money to take care of all the people all the time? And the US is sliding down this trap faster and faster.



posted on Jun, 29 2015 @ 03:37 AM
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German Stock Index (DAX) is 4% down at the moment.
I think it will be a rough week, hopefully this stabilizes somehow.



posted on Jun, 29 2015 @ 03:40 AM
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money.cnn.com...

This is getting kinda scary.

Will Greece be forced to leave the euro?
edit on 29-6-2015 by crappiekat because: sp



posted on Jun, 29 2015 @ 04:06 AM
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originally posted by: PurpleDog UK
The real worry is that both Russia and China are waiting in the winds to offer Greece the bailout money it needs.

In a nutshell..... Greece spent way beyond its means back in the earlier 00's then everything went sh*t and the EU / EMF et al offered a 'loan' to keep it all afloat......problem was that then Greece was bust but before rational and intelligence kicked in then TPTB offered a second loan to pay the countries daily expenses whilst servicing the initial debt.
Greece went through hardship and massive austerity (America has NO idea).... Unemployment currently is 27% .....imagine that......GDP has declined by 25% , imagine that and YET Greece is unable to change enough to meet those repayments YET they need ANOTHER........ The talks are about agreeing a third bailout so as to service the debt of the previous bailouts and not even touch the underlying problem which Greece cannot afford itself.....!

PDUK



I have lived in Greece for the past 3 years. I have heard about the crises over and over here. Don't get me wrong there are lots of issues here...but..

I see shops and stores open every where and people buying thing left and right. I'm not talking about thing they "need" like food and basic cloths. I'm talking shoe stores by the ton that always have people in them. high end cloths stores that are also packed with people buying things. Clubs and Cafes that are packed to over flowing many nights.
Also the cars here would make many drool. I see more high end cars driving around Athens then I ever did anyplace else.

There seems to be a discrepancy in how people live and what is going on in the banks. I do hear a lot about the taxes from my friends here and how the government is taking more. Also there are lots of ileagels here that are an issue.

We will see what happens in the next few days.



posted on Jun, 29 2015 @ 04:12 AM
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The Greeks should pull out, tell the Euro' rulers to take thier debt, pack it in a tight wad and shove it in thier ass.
Anybody here think they wouldnt get invaded over a debt...hmmm, really, I think they would get hit just as hard as Lybia!



posted on Jun, 29 2015 @ 05:47 AM
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originally posted by: dismanrc
I have lived in Greece for the past 3 years. [...] I see shops and stores open every where and people buying thing left and right. I'm not talking about thing they "need" like food and basic cloths.


You're in Athens, right? Makes perfect sense to me: inevitable there are people that profit from all this; bankers, industiralists, international merchants etc. - they have plenty of money to spend. And of course, still 75 percent of the Greek have a job, so they will at least have some money to spend. Also, Athens is "the place to be" if you want to spend money, with plenty of shops, cafes etc.

But talk to the 6 out of 10 young ones that are currently unemployed, or discuss matters with the 25+ percent of unemployed, they will tell you it's no fun being Greek and without a job. It's exactly what you observe that makes the remaining 25 percent of the population mad like hell: why can't we all have a decent life, why must some of us live in poverty, while others drive around in far too expensive poshy cars? Hence the rise of the socialist movement, methinks...



posted on Jun, 29 2015 @ 06:09 AM
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My favorite part of the article:



German Chancellor Angela Merkel and US President Barack Obama spoke about the crisis by phone, agreeing that it was "critically important" to help Greece remain in the eurozone,


I like that they want to "HELP" Greece remain....
What the bloody hell! Iceland deserved such support. No?

Maybe the treasure found in Israel, (story at ATS thread below), should be returned to Greece. That would "help" them.
Millions of Silver Coins Stored in Parthenon + Alexander era treasure in Israeli cave
edit on 29-6-2015 by imd12c4funn because: (no reason given)



posted on Jun, 29 2015 @ 06:22 AM
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The banks will be closed the entire week. Yikes! Didn't this happen in Cyprus, too? But Cyprus was able to let citizens withdraw 300 euros a day, right? 60 euros is bad. That's only about $67.00 US dollars!


edit on 29-6-2015 by texasgirl because: Added more



posted on Jun, 29 2015 @ 06:29 AM
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the Capital Controls and bank holiday began a week earlier than I expected... see this post:

From page 2 of this thread:
It's 2AM...and Greeks are lining up at ATMs
page: 2 ....posted on Jun, 27 2015 @ 09:38 AS: originally posted by: post=19500839, St Udio



originally posted by: St Udio
the Greeks are staring straight at Capital Controls very soon... (after a Cyprus style haircut of 35% of the monies in bank accounts)
they might get a couple week extension, possibly from Germany
OR else they might pull the Icelandic Option--- declare the Debt as Odious Debt created by Goldman Sacs principally for the financier's profits to the detriment of the State of Greece (they (Greece) were defrauded by Goldman is their claim and the Debt is illegal-void-non existent)

Greece is being offered a way out by the BRICS & principally Russia with a gas pipeline corridor for east Europe


a prominent bond fund manager recently counseled people to start putting money under the mattress instead of making 'unsecured deposits' into banks... who are under no obligation to give you your own money ~ because unsecured deposits are not deemed 'Money' or Euros... i think June 29th was the deadline to completely allow banks to 'bail-in' the depositers money like was done in Cyprus


USA look out for Sep Oct '15 for pension seizures/401k restructuring/bail-ins of banks... so keep 6 months of monthly cash expenses under the mattress and have 5 years of sustainable resources or the ability to obtain resources for a 5 year siege of the economy...



this might just be the beginning of the collapse of the western empire financial system which might be in a pile of dust by Sept-October 2015...

my other post foresees Greece aligning with BRICS/Russia after scrapping the Euro & the EU who seized 35% of all wealth stored in banks/depositories/holding institutions for PMs

after Greece withdraws from NATO, then the Muslims in the Kosovo/Bosnia/Macedonia regions which are somewhat aligned with the militant Turks will conduct sabotage/anarchy upon the Orthodox Greeks...the Islamic Organization will curb the militant-terrorist subgroups of fighters mostly from North African AQ & IS attempting to take up Greek lands as spoils

yes the 27 June post is a mild introductory post that only touches on being aware of what may transpire... but there is quite o bit of Doom Port held back... of which the above paragraph introduces the reader to what a Greek exit from the EU & NATO might develop into (a black swan?)





edit on th30143557750029312015 by St Udio because: (no reason given)



posted on Jun, 29 2015 @ 06:32 AM
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originally posted by: Violater1

Gold?
What gold?
Several EU countries have asked the U.S. for their gold that was in Ft Knox The Fed said no, Politicians have asked to see the gold in Ft Knox and the Fed said NO.
Why?
Perhaps there is NO gold in the Fed Treasury.


Your point? The gold is worthless to private citizens regardless.



posted on Jun, 29 2015 @ 06:39 AM
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originally posted by: Power_Semi

Yes but then they made it illegal to own gold and made people exchange it for paper - after it's value had been artificially depressed - then once it was over allowed the price of gold to go back to it's real level - theft of the wealth of the people.

That's democracy for you - oh, hang on...


You too? The Roosevelt policies took place 4 years after the stock market crash. Additionally, the value of gold, vis a vis other instruments, rose during the period between 1929 and 1933.



posted on Jun, 29 2015 @ 07:53 AM
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a reply to: mortex

"But that's an extreme scenario. It wont happen because before it even gets to the point where Washington has to intervene, the Greek military wont allow it to happen. Because by that stage things in Greece will be very, very bad, and the military will be on the verge of intervening anyway."

That's something I was thinking about this morning! Maybe past time for a military coup d'etat in Greece with the installation of a Dictator General of the Armed forces. That would allow the military and the police and secret police to round up the leftists and place them in internment camps while at the same time confiscating any and all of their property and bank accounts. I'd guess at that point the EU would be forced to kick Greece outa the EU and the Euro Zone because its my guess that to be a member, the country has to have a Democracy of some sort as elected by the sheeple. But that would free Greece to reissue the Drachma and impose the spending cuts necessary to balance the budget. Resistors and malcontents could be rounded up and placed in work camps and worked to death, thus cutting the social services budget.

Within 5 years, Greece would be solvent!



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