My bank account's got robbed by European Commission. Over 700k is lost. - page 14.

greBit

hero member

Activity: 714

Merit: 500

Quote from: Wexlike on July 05, 2015, 07:17:54 AM

Quote from: HarHarHar9965 on July 05, 2015, 06:23:35 AM

Man, I am genuinely angry about this, 700K IS A HELL LOT OF MONEY. This is something huge, something which has affected your business so much that people are being fired. Oh god, and the sad thing is that you cannot do anything about it as bank is backed up by the government and all these courts are in the government. How fucking sad is this, our own government betrays us and fucks us over. FUCKING BANK CUNTS.

Ehm ? You should read the full thread not just the headline. He got his money back. Nevertheless, that happens when a country starts to "haircut" their own citizen. But on the other hand, Greece had enough time to bankrun, and they did a pretty good job.

Whoever still has money in a greek bank account, i hope he will learn from his mistakes. As if the signals were not clear enough.

The description says he will recover 20% of that amount slowly in the next 5-6 years. What Greece did can never be considered as a good option, as they are cutting their own economy down, just to pay the dues. What will happen after a couple years, when all the debts are paid? Need money to get things to progress at a reasonable speed? Then what? Another ass kiss loan?

Wexlike

legendary

Activity: 1473

Merit: 1086

Quote from: HarHarHar9965 on July 05, 2015, 06:23:35 AM

Man, I am genuinely angry about this, 700K IS A HELL LOT OF MONEY. This is something huge, something which has affected your business so much that people are being fired. Oh god, and the sad thing is that you cannot do anything about it as bank is backed up by the government and all these courts are in the government. How fucking sad is this, our own government betrays us and fucks us over. FUCKING BANK CUNTS.

Ehm ? You should read the full thread not just the headline. He got his money back. Nevertheless, that happens when a country starts to "haircut" their own citizen. But on the other hand, Greece had enough time to bankrun, and they did a pretty good job.

Whoever still has money in a greek bank account, i hope he will learn from his mistakes. As if the signals were not clear enough.

Miracal

sr. member

Activity: 350

Merit: 250

wow, destroying businesses of potentially great entrepreneurs is the worst thing Greece could do, I sympathized to the country government but not anymore, I just think they are fucking stupid kids with power, making their citizens suffer for the damage they have done. If you can't run a country, why do you want to doom it so bad?

HarHarHar9965

hero member

Activity: 994

Merit: 1000

Man, I am genuinely angry about this, 700K IS A HELL LOT OF MONEY. This is something huge, something which has affected your business so much that people are being fired. Oh god, and the sad thing is that you cannot do anything about it as bank is backed up by the government and all these courts are in the government. How fucking sad is this, our own government betrays us and fucks us over. FUCKING BANK CUNTS.

IIOII

legendary

Activity: 1153

Merit: 1012

Quote from: mcgravier on July 04, 2015, 02:36:04 PM

Bumping with love and Greece:

2013

Quote

P.S. The worst thing is, that even a month ago I was suspecting that things can go wrong. In February, I several times called my banker and lawyer and asked them if money on the account is safe, mentioning that article in Financial Times. But they convinced me that there is no reason to worry, and even if country goes default, in no way current accounts may be affected. "This is European Union and banks here can't just grab your money and go" I was told.

2015
Zero Hedge:
http://www.zerohedge.com/news/2015-07-03/greek-banks-considering-30-haircut-deposits-over-%E2%82%AC8000-ft-reports

Quote

According to FT, Greek banks are considering a depositor bail-in that could see deposits above €8,000 haircut by "at least" 30%.

Now, just recent tweet from Yanis Varoufakis (Greek Finance Minister)
https://twitter.com/yanisvaroufakis/status/617084556089409536

Quote

FT report of a Gk Bank Bail In is a malicious rumour that the Head of the Greek Banks Association denied this morning

Sounds familar?

They will lie until the expropriation is in full effect. And even after that, they will continue to dispute the fact and promise something in the future to ease depositors and to maintain public order. I would not be surprised at all if it happens on Monday. The ECB has frozen emergency aid, so Greek banks will have to do something.

But this time the psychological effect will be greater and might lead to bank runs across Europe...

mcgravier

member

Activity: 83

Merit: 10

Bumping with love and Greece:

2013

Quote

P.S. The worst thing is, that even a month ago I was suspecting that things can go wrong. In February, I several times called my banker and lawyer and asked them if money on the account is safe, mentioning that article in Financial Times. But they convinced me that there is no reason to worry, and even if country goes default, in no way current accounts may be affected. "This is European Union and banks here can't just grab your money and go" I was told.

2015
Zero Hedge:
http://www.zerohedge.com/news/2015-07-03/greek-banks-considering-30-haircut-deposits-over-%E2%82%AC8000-ft-reports

Quote

According to FT, Greek banks are considering a depositor bail-in that could see deposits above €8,000 haircut by "at least" 30%.

Now, just recent tweet from Yanis Varoufakis (Greek Finance Minister)
https://twitter.com/yanisvaroufakis/status/617084556089409536

Quote

FT report of a Gk Bank Bail In is a malicious rumour that the Head of the Greek Banks Association denied this morning

Sounds familar?

molecular

donator

Activity: 2772

Merit: 1019

Quote from: umair01 on April 21, 2015, 12:47:49 PM

This is very bad, you should rather keep your funds in btc to be able to stop this centralized government to take from your hard earned money, you should have learned something from this and try not leave big amount of money next time, that will give a chance to these centralized powers to take away your money.

While I love bitcoin myself and do use it for wealth preservation purposes, I cannot really recommend it. One has to acknowledge that at this stage the volatility and risk make Bitcoin unsuitable for "saving". Sure, it could be part of a mix and there could well be huge upside, but I wouldn't suggest to anyone I love to put in more than 10% of their life savings... it's still a huge gamble. Just look at the last 1.5 years.

umair01

hero member

Activity: 602

Merit: 500

This is very bad, you should rather keep your funds in btc to be able to stop this centralized government to take from your hard earned money, you should have learned something from this and try not leave big amount of money next time, that will give a chance to these centralized powers to take away your money.

Foxpup

legendary

Activity: 4536

Merit: 3188

Vile Vixen and Miss Bitcointalk 2021-2023

Quote from: Get-Paid.com on April 20, 2015, 01:44:32 PM

How would the police solve the problem if this is the European Union and/or Governments who "stole" his money?!
They own the police in their pockets, literally.

Quote from: molecular on April 21, 2015, 01:19:42 AM

you don't get it, do you? This is legal theft.The police are on the dark side, too.

It's sig spam. They saw the word "robbed" in the subject and posted sentences related to that word with no regard to whether they make sense in context. I'd say it's a bot, but I've seen too many humans fail Turing tests to be sure.

molecular

donator

Activity: 2772

Merit: 1019

it's starting in greece:

http://www.bloomberg.com/news/articles/2015-04-20/greece-moves-to-seize-local-government-cash-as-imf-payment-looms

It's local municipality accounts they're raiding for now (2.1 billion €, they need it to pay the imf on may 12th), but companies and personal accounts are by no means safe. Neither in Greece nor in any other central-bank-controlled western country.

Remember: money in the bank is not your money legally. You've invested it into the bank.

molecular

donator

Activity: 2772

Merit: 1019

Quote from: rivoke on April 20, 2015, 12:56:49 PM

Are you have dont with contact police officer or similiar ?
This problem is be done as soon as possible to prevent another victim Angry

I'm feeling sad about your loss, bro ! Sad

you don't get it, do you? This is legal theft.The police are on the dark side, too.

marcus_of_augustus

legendary

Activity: 3920

Merit: 2349

Eadem mutata resurgo

Quote from: Get-Paid.com on April 20, 2015, 08:22:17 AM

Quote from: Enzyme on April 20, 2015, 05:12:28 AM

Damn, that's unlucky.

Luckily, we have Bitcoin. No borders, no master of your account.

But it doesn't come with 100% of stability.
In June 2014 the value of 1 BTC was $650, now a year after it's $220.

So I wouldn't call it "lucky", those who bought Bitcoins a year ago got a very similar "haircut".

... but it was by their own voluntary choice in risk-taking and by no means as permanent as the Cyprus theft.

Get-Paid.com

sr. member

Activity: 1877

Merit: 389

Quote from: rivoke on April 20, 2015, 12:56:49 PM

Are you have dont with contact police officer or similiar ?
This problem is be done as soon as possible to prevent another victim Angry

I'm feeling sad about your loss, bro ! Sad

How would the police solve the problem if this is the European Union and/or Governments who "stole" his money?!
They own the police in their pockets, literally.

rivoke

legendary

Activity: 924

Merit: 1006

Are you have dont with contact police officer or similiar ?
This problem is be done as soon as possible to prevent another victim Angry

I'm feeling sad about your loss, bro ! Sad

thejaytiesto

legendary

Activity: 1358

Merit: 1014

Quote from: leen93 on April 18, 2015, 05:22:12 PM

Quote from: Get-Paid.com on April 15, 2015, 09:07:46 AM

Quote from: Sithara007 on April 15, 2015, 09:02:09 AM

Quote from: Amph on April 15, 2015, 02:24:22 AM

Quote from: Sithara007 on April 15, 2015, 12:57:24 AM

Quote from: Get-Paid.com on April 15, 2015, 12:17:08 AM

What was the idea of Cyprus or Greece to stick with the Euro and not go back to its own currency?
Eventually it would happen, it's inevitable, so why they haven't done it 2 years ago and this way they could have saved the falling bank, print money, and go back into growth faster than ever, and even gain more trust by investors than the way it looks so bleak now?!

Why common sense and politicians never coincide?

What do you mean by 'Print Money'?

you know adding more toilet papers with the machine that make money, they said that money does not grow on tree, but for banks this isn't true

and that quote is a bit stupid, because you can't just print money out of nothing you need to back your money with the wealth of your country

Yes that's why I asked this question. If printing money can make a country rich then all the country will make Billions in few days. A country has to back up the printing of money by equivalent amount of Gold, export income, GDP etc.

Economy is based on trust.
Imagine you run a convenience store and you get credit from lenders.
The lenders see you are successful and make nice profit from selling groceries to customers.
As long as you are on that path they trust you, lend you more, get paid back from you - all is well.

But what happens if your convenience store suddenly needs to deal with more competition (e.g. more people open stores in your street), some suppliers turn you down, some customers prefer to buy elsewhere and so forth?
Then your business is shaky, it's unstable, and there is a lack of trust - would lenders lend you money when you're doing bad? Probably not, or probably they will under very strict conditions.

That is where Greece is now, it has a huge lack of trust, lenders don't want to lend more money to Greece ... so printing Euros is not the only answer because it would only cover the debt for now but the situation won't improve by itself ... the convenience store needs to make a change to put itself on the right path for growth again - and that is where changing the currency would work for Greece, it would put it back on the road for recovery and then printing money would be a temporary solution to pay the debt, afterwards the convenience store would be back in the position where it was initially.

People in Greece are just lazy, don't want to reform, don't want to work, prefer just getting money for doing nothing from the EU. They are not allowed to work on sunday, that fact perfectly describes Greece. Such legislation cannot work and since people are lazy they don't want to work. They will end in poverty but it's their own fault. Other countries in the world had the same problem but reformed and are on the right track...

There are lazy people everywhere. Greece has been through a terrible amount of corrupted governments that have ruined it all for the rest. Sure part of the people have a part of responsibility, but not all. And lol at good track. Germany is scamming people with their minijobs that pay shit nothing, just to present better looking unemployment figures, but at the end of the day what we have is low paying minijob fest.

sana54210

legendary

Activity: 3318

Merit: 1128

Get-Paid.com

sr. member

Activity: 1877

Merit: 389

Quote from: Enzyme on April 20, 2015, 05:12:28 AM

Damn, that's unlucky.

Luckily, we have Bitcoin. No borders, no master of your account.

But it doesn't come with 100% of stability.
In June 2014 the value of 1 BTC was $650, now a year after it's $220.

So I wouldn't call it "lucky", those who bought Bitcoins a year ago got a very similar "haircut".

Enzyme

sr. member

Activity: 420

Merit: 250

Damn, that's unlucky.

Luckily, we have Bitcoin. No borders, no master of your account.

Get-Paid.com

sr. member

Activity: 1877

Merit: 389

Quote from: leen93 on April 18, 2015, 05:22:12 PM

Quote from: Get-Paid.com on April 15, 2015, 09:07:46 AM

Quote from: Sithara007 on April 15, 2015, 09:02:09 AM

Quote from: Amph on April 15, 2015, 02:24:22 AM

Quote from: Sithara007 on April 15, 2015, 12:57:24 AM

Quote from: Get-Paid.com on April 15, 2015, 12:17:08 AM

What was the idea of Cyprus or Greece to stick with the Euro and not go back to its own currency?
Eventually it would happen, it's inevitable, so why they haven't done it 2 years ago and this way they could have saved the falling bank, print money, and go back into growth faster than ever, and even gain more trust by investors than the way it looks so bleak now?!

Why common sense and politicians never coincide?

What do you mean by 'Print Money'?

you know adding more toilet papers with the machine that make money, they said that money does not grow on tree, but for banks this isn't true

and that quote is a bit stupid, because you can't just print money out of nothing you need to back your money with the wealth of your country

Yes that's why I asked this question. If printing money can make a country rich then all the country will make Billions in few days. A country has to back up the printing of money by equivalent amount of Gold, export income, GDP etc.

Economy is based on trust.
Imagine you run a convenience store and you get credit from lenders.
The lenders see you are successful and make nice profit from selling groceries to customers.
As long as you are on that path they trust you, lend you more, get paid back from you - all is well.

But what happens if your convenience store suddenly needs to deal with more competition (e.g. more people open stores in your street), some suppliers turn you down, some customers prefer to buy elsewhere and so forth?
Then your business is shaky, it's unstable, and there is a lack of trust - would lenders lend you money when you're doing bad? Probably not, or probably they will under very strict conditions.

That is where Greece is now, it has a huge lack of trust, lenders don't want to lend more money to Greece ... so printing Euros is not the only answer because it would only cover the debt for now but the situation won't improve by itself ... the convenience store needs to make a change to put itself on the right path for growth again - and that is where changing the currency would work for Greece, it would put it back on the road for recovery and then printing money would be a temporary solution to pay the debt, afterwards the convenience store would be back in the position where it was initially.

People in Greece are just lazy, don't want to reform, don't want to work, prefer just getting money for doing nothing from the EU. They are not allowed to work on sunday, that fact perfectly describes Greece. Such legislation cannot work and since people are lazy they don't want to work. They will end in poverty but it's their own fault. Other countries in the world had the same problem but reformed and are on the right track...

People in Denmark and Norway don't work many hours per day neither but nevertheless these are rich countries because of their resources.
Many rich people who run the banks don't work as hard as their "grunts" but that's life, there is a gap between the poor and the rich and it's getting wider and wider unfortunately.

So I wouldn't blame Greece for being "lazy" but I would agree they don't know to make swift decisions, and the longer they make it linger the more suffering they bring into this world.

Erdogan

legendary

Activity: 1512

Merit: 1005

Quote from: leen93 on April 18, 2015, 05:22:12 PM

Quote from: Get-Paid.com on April 15, 2015, 09:07:46 AM

Quote from: Sithara007 on April 15, 2015, 09:02:09 AM

Quote from: Amph on April 15, 2015, 02:24:22 AM

Quote from: Sithara007 on April 15, 2015, 12:57:24 AM

Quote from: Get-Paid.com on April 15, 2015, 12:17:08 AM

What was the idea of Cyprus or Greece to stick with the Euro and not go back to its own currency?
Eventually it would happen, it's inevitable, so why they haven't done it 2 years ago and this way they could have saved the falling bank, print money, and go back into growth faster than ever, and even gain more trust by investors than the way it looks so bleak now?!

Why common sense and politicians never coincide?

What do you mean by 'Print Money'?

you know adding more toilet papers with the machine that make money, they said that money does not grow on tree, but for banks this isn't true

and that quote is a bit stupid, because you can't just print money out of nothing you need to back your money with the wealth of your country

Yes that's why I asked this question. If printing money can make a country rich then all the country will make Billions in few days. A country has to back up the printing of money by equivalent amount of Gold, export income, GDP etc.

Economy is based on trust.
Imagine you run a convenience store and you get credit from lenders.
The lenders see you are successful and make nice profit from selling groceries to customers.
As long as you are on that path they trust you, lend you more, get paid back from you - all is well.

But what happens if your convenience store suddenly needs to deal with more competition (e.g. more people open stores in your street), some suppliers turn you down, some customers prefer to buy elsewhere and so forth?
Then your business is shaky, it's unstable, and there is a lack of trust - would lenders lend you money when you're doing bad? Probably not, or probably they will under very strict conditions.

That is where Greece is now, it has a huge lack of trust, lenders don't want to lend more money to Greece ... so printing Euros is not the only answer because it would only cover the debt for now but the situation won't improve by itself ... the convenience store needs to make a change to put itself on the right path for growth again - and that is where changing the currency would work for Greece, it would put it back on the road for recovery and then printing money would be a temporary solution to pay the debt, afterwards the convenience store would be back in the position where it was initially.

People in Greece are just lazy, don't want to reform, don't want to work, prefer just getting money for doing nothing from the EU. They are not allowed to work on sunday, that fact perfectly describes Greece. Such legislation cannot work and since people are lazy they don't want to work. They will end in poverty but it's their own fault. Other countries in the world had the same problem but reformed and are on the right track...

Well, when they instituted democracy, the military was bought off with some toys, and the corruption has been rampant ever since. I have some empathy with the greeks. After all, it was not they who started the loaning spree, it was their weak government.

Topic: My bank account's got robbed by European Commission. Over 700k is lost. - page 14. (Read 408494 times)