Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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 : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Snowshoe who wrote (90346)	5/17/2012 5:52:31 AM
From: maceng2	Read Replies (1) \| Respond to of 219787

so it isn't smuggling In essence you are correct. I am making the assumption that all those Greek cash withdrawls on monday were not to pay the window cleaners bill or other routine bills that need to be paid with cash. That is, people in Greece are getting poised to do a little currency smuggling should the need arise to preserve their wealth near its current status. These currency hoarders hash could easily be settled with a little currency depreciation or inflation. That might upset the applecart though as mostly everyone is in hock and it will be just one or two moves to check mate as all those wealthy people who have hoarded precious metals make out like bandits. Some loss of confidence with fiat is occurring though. Bank teller: "and how would you like your cash withdrawal sir, would Euros be OK or do you prefer USD's?" Customer: "Everything is utterly opaque, nobody takes any of the financial regulations seriously, except the small guys, and utter lawlessness rules at the likes of JPM and GS. Those Greeks were loaned money to get into the Euro, against every known natural law and regulation. Blankfein et al should be burnt at the stake, or at least be in jail. Can I have my notes in funds that are guaranteed to be resistant to all world wide financial derivative driven meltdowns please"? -g-