SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Booms, Busts, and Recoveries
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Haim R. Branisteanu who wrote (73370)5/7/2010 1:26:08 AM
From: Maurice Winn1 Recommendation  Read Replies (1) of 74559
 
Haim, you could start such a bank which gives people what they want: <The world needs boring simple financial markets and not hot shots that dream up scheme and derivatives which have no purpose except speculation and enrich those that create them>

You would have millions of customers in no time if you are right. If you are not, your bank would join the crowds of those which fail.

Meanwhile, back in the jungle, default is always an option: <Greece wants to secede and stick it to the European banks which hold most of their debt >

When the Iraqis said they weren't going to bother acknowledging the national debts incurred by Saddam to build himself loads of palaces and to hire a swarm of soldiers to protect him, Russia whined like a fleet of Koreans. Too bad for them. They should choose their debtors more carefully.

Same for Greece. The Greek government can say "sorry, no money left", write off the debts and carry on while paying the government "workers" at reduced rates matching the income they have available. Selling tradable citizenships should bring in many $billions a year. The Euro club would no doubt boot them out of the EU. Too bad. They could join China in a free trade deal or not bother with such stuff and just leave people to buy and sell as they like with whoever is willing to trade.

Mqurice
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News