Greece

[SilveriteFX]

Interesting... "Greek Island to Trial Gold-Backed Digital Currency Alternative to the Euro"

 

- http://cointelegraph.com/news/114787/greek-island-to-trial-gold-backed-digital-currency-alternative-to-the-euro

 

"Greek Island Trials Digital Currency Solution to Boost Economy"

 

- http://cointelegraph.com/news/114814/greek-island-trials-digital-currency-solution-to-boost-economy

[HighlandTiger]

I love the bit in the article about the Greeks are looking to bit coin as a possible store of value. Pmsl. Now I know why the Greeks are so crap with money . If I wanted to put my euros into something to protect the value of my savings, bitcoins would not be very high on my list to say the least

[HawkHybrid]

what happened to the greeks buying gold coins?

 

have all their bank accounts been frozen?

 

HH

[SilveriteFX]

I love the bit in the article about the Greeks are looking to bit coin as a possible store of value. Pmsl. Now I know why the Greeks are so crap with money . If I wanted to put my euros into something to protect the value of my savings, bitcoins would not be very high on my list to say the least

 

Indeed. Coin Telegraph is ofc a crypto-currency online magazine and could probably be considered a bit biased in this regard.     

 

However, I'm actually a stanch supporter of cyrpto over fiat 'money', although I do also currently side more towards physical gold and silver investments.

 

 

- Seven Stages Of Empire - Hidden Secrets Of Money Ep 2 - Mike Maloney - https://youtu.be/EdSq5H7awi8?t=4m17s

 

- Hotspots: Greece (1/2) - https://www.youtube.com/watch?v=bISfaVkszo0

 

- Hotspots: Greece (2/2) - https://www.youtube.com/watch?v=LnsWEXqhd7M

[Bumble]

Apparently coin dealers in the UK have been experiencing huge levels of orders this week because of demand from Greece. More than one has had a notice on their website to the effect that they cannot fill orders the same day as they usually can. I ordered a few coins from Atkinson's on Monday morning and the order wasn't filled until Friday. Note that the dealers are not reporting shortage of inventory, just unprecedented high levels of demand.

[HighlandTiger]

I think that is more likely to do with the low gold price than anything to do with Greece

[Pipers]

EU leaders meeting has been cancelled.

 

It turns out the Greek Pensions are being used to feed the 3 to 4 generations in a family as there are very few jobs, thats why there is so much opposition to pension reform in Greece.

[AuFinger]

I love the bit in the article about the Greeks are looking to bit coin as a possible store of value. Pmsl. Now I know why the Greeks are so crap with money . If I wanted to put my euros into something to protect the value of my savings, bitcoins would not be very high on my list to say the least

That is where it starts though.

All a currency needs is confidence. Values flapping around is an issue but it's not like it's moving that fast it'd matter for day to day and month to month use.

As a long term store of value it may actually be just as good as gbp or dollar or yuan, all fiats underlined with debt and nations willing to chase their value down, along with other stuff like PM.

I've 'made' more from my btc than 10x more held in PM which have lost value after vat, postage and price drops with no signs of them going anywhere probably for another economic cycle by now.

[Scuzzle]

Crypto currencies might be the ideal way for the big players who wish to see the demise of PM to push forward, at least for a short term anyway to get people thinking this is where the future is headed.

[Pete]

Jeremy Clarkson writes in the Sun on Saturday that the Greeks went spending crazy with lots of cheap cash from the Germans.

When this ran out they went to the French and bought boob jobs for their WAGS and nice cars etc, then used Italian and Spanish "free" cash for their swimming pools.

Once all their lavish spending caused them to run out of money they needed to borrow more to start repaying, albeit very slowly, some of the lending banks.

Now the IOU's are handed over to their 14 year children who claim it had nothing to do with them so will not repay the debt.

Over-simplistic of course but also perhaps rather close to the truth, written in plain English for everyone to understand.

[HelpingHands]

The priority of the troika seems to have been to get rid of the current Greek government and replace it with one that will behave.

Maybe that's why the Germans wouldn't discuss the deal once the referendum had been called. They were hoping the people would vote yes to the deal and the current leader would step down.

Maybe theyll be given a small bailout which will give everyone a window to plan another way to replace the government.

[craig12]

if no deal  will pms move sharply up or sharply down

[Abbotssilvercoins]

Without market manipulation they should move up a little straight away as people move out of stock markets further and into the USD and precious metals. However the market is manipulated so any movement upwards may not be as large or as quick as might be expected.

[craig12]

talks have finished and now gone away seperatley to discuss  im confused ...i would have thought they had to strike a deal in the room before  closing the meeting .....bbc quote   meeting finished 

[AuFinger]

It's been 'crunch time' for months.

Last chance.

It has no good outcome. Anyone suggesting there might be is retarded to put it bluntly.

Either people live as debt slaves in poverty for generations which will cause social change across Europe, or banks take a loss and cause debt unwind contagion across the world.

Either of the above outcomes will cause the other any way.

No good outcome.

Except maybe a 'nineteen eighty four' one, but that isn't a 'good' outcome.

[HelpingHands]

I can't see the Greeks accepting the retort of the troika deal.

Apparently, it includes selling public assets off to a group in Luxembourg.

[AuFinger]

Jeremy Clarkson writes in the Sun on Saturday that the Greeks went spending crazy with lots of cheap cash from the Germans.

When this ran out they went to the French and bought boob jobs for their WAGS and nice cars etc, then used Italian and Spanish "free" cash for their swimming pools.

Once all their lavish spending caused them to run out of money they needed to borrow more to start repaying, albeit very slowly, some of the lending banks.

Now the IOU's are handed over to their 14 year children who claim it had nothing to do with them so will not repay the debt.

Over-simplistic of course but also perhaps rather close to the truth, written in plain English for everyone to understand.

Overly simplistic to the point it's entirely wrong.

In the UK, France, etc etc, we're all in the same boat.

Just we're still able to keep paying our monthly debts. For now.

Given UK debt has boomed, is still rising, and interest rates can go no lower without essentially having a tax on savings and your PM and stuff being made illegal, then they're just a matter of time away from complete collapse like Greece.

Never mind Spain, Portugal, Italy, Ireland etc, and if they fail then so will Germany, France, NL, USA.

And China is failing too.

To blame average Greeks for any of this is wrong.

This is entirely political corruption and bankers doing.

The average person will be screwed over for all this, while the wealthy and political walk away laughing with their stolen money.

As in 2007, privatise the profits, socialise the debts!

[garthy]

If Clarkson wants to talk about debt and overspending He should look a little closer to home, Greece has a total debt including personal, business and government equal to 350% GDP, the US has 370% , but the UK's has debt equal to 550% of GDP, yep We're top of the league for once, Woo hoo!

[HelpingHands]

#ThisIsACoup

http://www.theguardian.com/business/2015/jul/13/thisisacoup-germany-faces-backlash-over-tough-greece-bailout-demands

[bones]

seems they have a deal of sorts 

[HelpingHands]

Cheaper pms for us then. Good, I don't have enough yet.

[bones]

gold is taking a dip , the pound up a bit . so yes 

 

well for now anyway

[Pete]

Having just listened to Sky News and the BBC for the past 90 minutes with the Euro big guns talking, I understand a deal has been reached subject to various governments reaching agreement in a few days. The devil is in the detail and there is very little coming out.

Has Greece sold the family silver ? Expect riots in the streets - not possible to tell at the moment.

[Paul]

Tag this page & date in time for the day EVERYTHING in Greece was solved and every money problem gone away in Greece

 

Let us see how big the NEXT bail out will be ?

When will it be ?

What will be left to sell off / privatise ?

 

The economic crisis in southern Europe (Greece, Spain, Portugal, Cyprus) has highlighted a very effective control mechanism: external control of a nation via its national debt.

 

Today, private banks create the vast majority of our money (i think it was around 97% of it i read) as credit - personal and business loans, mortgages, overdrafts etc.

 

On an international scale this fictitious money is then lent to a nation, increasing its national (or government or public) debt.

 

We neednt be smug, fat and happy here in the UK debt had increased to £1.5 trillion or some 90% of GDP in 2014 up nearly 50% in 2006).

 

The interest on such loans can be large, forcing severe austerity measures.

 

So the debt mechanism provides vast profits, power and control to bankers! The International Monetary Fund (IMF), a UN entity, has declared itself the global central bank that will set regulations and issue a global currency to the nations.

 

Remember the words of a couple of the bloodlines behind what is World Fiat Money Inc said

 

― James Warburg (one of the founder board member of Federal Reserve) said, "We shall have world government, whether or not we like it. The question is only whether world government will be achieved by consent or by conquest."

 

― David Rockefeller "Some even believe we are part of a secret cabal working against the best interests of the United States, characterizing my family and me as 'internationalists' and of conspiring with others around the world to build a more integrated global political and economic structure--one world, if you will. If that's the charge, I stand guilty, and I am proud of it.”

 

It will more than likely be in my lifetime but once this worldwide failed fiat paper experiment sees itself fully played out and biting the dust, the masses of the world in nearly every country will be crying out for worldwide solution to make it stop. Exactly by design as it was meant to from day one.

 

Coming to the UK in years to come.  Designed to fail, exactly by design 

[craig12]

and sunday trading laws are part of the deal .......looking worse by the minute don't youi think