Bloomberg Tests Post-Euro Greek Drachma Code

check this Bloomberg pic from their internal trading platform Securities listings, it's real, it's happening right now folks!


in order of exit, my guess:-
1.Greece
2.Ireland
3.Italy & Balkans
4.Spain & portugal (together and the last)

The euro will be trading below 1.08 before January 2013.There will remain 5 players that will continue to trade the euro until around 2015. I also agree with some analyst's that it will be less painful than they make out, the only pain is the agressive drive from the forth reich (Merkel's dream to own and make the rest of europe desperately poor and wholely at Germany's mercy). but it looks like, behind closed doors, Merkels dream is already in tatters, and a new future is already being built.

Is the above pic any suprise to you?

reply to post by technologicalsingularity


Do you have a link for this because I have know a few people who are investment bankers who use the Bloomberg trading platform I think so they could check this out pretty quickly.

reply to post by technologicalsingularity


it was a "Test"..
yeah for when it trades for real.

blogs.wsj.com...

Ahh hear you go, its not actually treading they are just working on contingencies and testing to see what would happen if they were to start trading the currency again. So its still a interesting story but they are not actually trading it right now.

blogs.wsj.com...

I want the Deutsche Mark back !!

Drachma Story on ATS #1

Drachma Story on ATS #2

Nice attempt at panic, but not going to happen this time. Bloomberg says it was a 'test'. Do I think they are getting things ready in case Greece leaves the EU? Yes. Do I blame them? No. Its just smart business in my opinion even though it does seem to be a case of the vultures circling the carrion.

someone could call the GREEK minister of FINANCE,,
it does say access CONTROLED
by the SUPPLIER.
good business practice ,,
if u ask me.

might go through the ROOF.

early buys hidden?
or would that be insider info?

call the GREEK minister of FINANCE,,

might be 5 cents,,

ill buy that for a $.



if i had a $

lol

ya im desperate.

reply to post by OtherSideOfTheCoin


yes, a background spot, but dont forgot the euro was being traded on spot in the 1980's, institutionally, before it became a public trading spot.

The usual result of a sovereign default is hyperinflation but TPTB may have a different choreography this time around. I agree usually when one country defaults there is often a domino effect involving other countries in similar trouble.

The global financiers have had a lot of time to plan this time around so hopefully stability will return once the problem with the Euro is resolved in an orderly fashion. The US stock markets are responding inversely to the stronger US dollar so if this continued to 2013 it could be worse than Lehman brothers.

reply to post by MyMindIsMyOwn


im not attempting to cause panic, more likely relief! but yes i agree, its only good buiness practice, as is the likely direction.

reply to post by H1ght3chHippie


i dont blame you, the germans on the mark were 4 times richer than us british on holiday in the med!

If Greece does pull out of the Euro the Drachma will not be worth trading
Monoply money would have a better face value
As would marbles

Cran

reply to post by cranspace


Greece can always sell their Gold and buy Silver to compliment the Drachma.

They can issue silver coins that are worth their weight.

This would allow the Greeks to switch and buy any currency with their Silver until the Drachma recovers some value.

Cosmic..

reply to post by H1ght3chHippie

Originally posted by H1ght3chHippie
I want the Deutsche Mark back !!

Yes !! I still have some DM right here

On Topic: Looks like all preparations will soon be completed.

reply to post by cranspace


the same would have been for the euro if they released it back in the 1980's when it was in closed trading, back then the euro was worth little more than 0.20 for years, but grew rapidly once a set date was established, i think opening price was 0.88, i could be wrong but its near that price. but that was when no-one really knew what a sigle currency europe would be like, we know now! what took years for the euro to become a public price, will take months for the new drachma, as another commenter noted, if they use silver coins, this will boost it further, a trend that is likely to return to general currencies.

reply to post by ColCurious


pure co-incidence or is it?, but a funny one at that, here in the UK people are reporting finding old drachma coins in cash trays, we've had several 100 drachma coins of late, in my company several local cluster stores have reported this too.

traded? its already in circulation!! lol

reply to post by technologicalsingularity


wait till the tourism industry hears that!

come to England,,we will give u money! FREE!

reply to post by BobAthome


LMAO

2nd line

reply to post by ColCurious


on a light hearted off topic note: you may have lost your mark, but we still got our towels! LOL.

when do you think you'll see the mark return?

reply to post by technologicalsingularity

Depends on how everything plays out until 2013.

Let's say Greece really leaves after their elections and soon after something bad happens, like Spains €300 billion bad loans at their nation's banks surprisingly double or something.
"Whoops sorry, looks like we miscalculated our exposure a little lol."
Hollande blows the fiskal pact, we further on deny €uro-Bonds etc...
We have elections in 2013 here and €uroZone/EU policy will be a strong issue.