Topic: My bank account's got robbed by European Commission. Over 700k is lost. - page 38. (Read 408494 times)

Sure, except thats not the real reason for QE.

Think about it, what does Ben Bernanke look at when he talks about tapering? What factor caused him to give another talk to calm people down? The increase of exports? No, the US Economy, and the markets. Exports might contribute to this, but it is really a fraction of the actual goal. By buying bonds, this increases confidence in the US Government, and gets people to invest more, and lets investors wanting out to get, well, out. This in turn pumps more money into the economy causing inflation, while also pumping up the market because the majority of people holding these bonds are banks & individuals investing in the market, who, by wanting out of bonds, naturally want in on stocks (or potentially commodities, though we haven't seen that as much).

By pumping up the stock market, the goal is to make people 'feel richer' and want to spend more. By increasing inflation, the goal is to force people to spend more, because if they don't, their money will be devalued. The result? Hopefully to get people to spend more, boost the economy, and thus collect more taxes. Inflation is thus one of the main goals of the program, and the stock market being boosted I'd argue is another form of inflation.

Thus one country setting up 'tax havens' to try to devalue another's currency is a bullshit. Due to exports, and the reasons stated above, governments want their currency to be declining in value faster than anyone else. That way, their stock market is perceived to always be hitting new highs, people are always perceived to be getting more money, and people are forced to spend or else lose their value. The trick, from there point of view, is to get the maximum amount of inflation possible, without people in the country accepting some currency out of their control.

QE and OMT are money printing schemes. Printing USD and EUR and buying troubled assets (government bonds and mortgage backed securities) which enriches the banks. The banks buy stocks with the money (which is why the DOW is booming). The money doesn't enter the real economy so in theory this should not lead to high inflation. *IN THEORY* 

It's not that they want to devalue the Euro, necessarily, it's that they don't want it to not be worth too much more than the USD. If the Euro gets too high, then trade with the US will suffer because US merchants will not want to pay more. The EU is much more reliant on the US than the US is on the EU, so they would be hurt while the US would find other partners with less valuable currencies.

Isn't the goal of the EU right now to devalue the EUR, though?

They said just yesterday that they want to take the same stimulus approach as the US, and Bernanke has said since forever (until taper talk started) that the goal was to devalue the USD and boost confidence in equities, bonds, etc...

zeroday when you moved your money, did you have to convert it to USD? What if these "tax havens" are only in place to devalue the Euro, by having everyone convert them to USD?

EXACTLY!  The United States Library of Congress website.

The Youtube video doesn't show the original there, I stumbled onto the Library of Congress file somehow after finding the video and then struggling to find the map a day or so later in order to tell a friend about it.

Hate the mercator projection... it's so wrong...

That map is hosted on publicly on a .gov!

Yes, and that would be a great thing, if only that resulting state wasn't going to be an authoritarian police state.
The current derailment shouldn't discount the whole project, though, and definitely shouldn't discredit the general idea of "unification".

Evolution, world is getting more and more global, we need to embrace that trend or be crushed by reality.
However we also need some bits of decentralisation.
It's a difficult balance, and the problem now is that the governments don't understand that.

The thing that's most jacked up about the Cyprus issue is, the Cypriot bankers believed the European Union leaders enough to invest bank money into Greek bonds.  The EU acted like Greek bonds were still safe once propped up by EU backing!  So believing the hype put off by the EU leaders, the bankers placed their bets (investments).  So don't go blaming just the Cypriot bankers for this mess.  The EU encouraged it, and EU leaders led the bankers down this path.  Now that it's all gone bad all of a sudden the EU leaders want to step aside and blame the Cypriot bankers for trusting the EU word that Greece was a safe place to invest.  (So if you want to hang bankers, make sure you also hang EU politicians alongside them!)

That's the most disgusting thing about this whole Cypriot bank mess to me, that the Cypriot bankers are being blamed 100% and nobody is placing any blame on the EU, even though it was EU leaders' lies that led the Cypriot bankers to making the bad investments.  And that's why I think this whole "bail-in" is so much hypocrisy.  

One politician is even saying that it's all because A. Merkel wants to appear tough while spending German money on this bail-out is the reason why they are burning the Cypriot bank customers.  He's saying that basically this "bail-in" plan is a job security strategy for Ms. Merkel who comes up for re-election sometime this fall, that she's terrified of not appearing tough enough for the German voters to keep her job after the next election cycle.

Exactly!  EU's sole purpose, destroying nation states to merge them into something else.

Here's something to think about:


http://www.loc.gov/resource/g3200.ct001256/


It's a map called New World Moral Order map.

Look closely enough and at least two things stand out.  

First off, there's a "United States of Europe" there!  But second, look at the DATE of the map's having been filed at the US Library of Congress.  March 31, 1942

Only thing different from today's world in that section of the map that covers the European Union is, Germany is shown as a part of the Soviet Union.  It was after all, a map created prior to the end of WWII.

Here's a Youtube video that explains some of the details.

https://www.youtube.com/watch?v=wMQ77fIGInQ

/watch?v=wMQ77fIGInQ

€ not $

So about $900 000 based on March 28 EUR:USD exchange rate.

It's these 'hindsight' posts that are what's most disturbing.

Edited: For clarity
Edited: For grammar

Because one (at least me) would expect to hear this about bitcoin-related sites. The realisation that a traditional banking site would be attributed (and rightly so) with such behaviour was funny to me.

(I'm not laughing at the OP and I'm not (like some others) telling him in hindisght what he should've done differently.)

Why do you consider this a good joke?
He just lost 700k

haha, good one

700.000$ Damn!

I hate these sites that delay transactions and steal coins.

How are these countries funded? Do they pay for most of the countries stuff with import taxes?

I was referring to the 3-point plan which you also dismissed. Yes, could have been clearer...

BELIZE and PANAMA don't tax foreign income. If you run international or online business living there or just trade stocks or bitcoin, you may just forget about taxation because you don't even have to fill annual tax report.
When you migrate to one of these countries and live there for over 6 months, you become tax-free man, even with dutch passport.
To legally fuck EU revenue service, before you leave EU you may invest all your not-yet-taxed assets into your new offshore corporation. Then, a year after you move to caribbean and stop being resident for tax purposes in EU, you just sell this corporation and gett tax free income. BTW, as a variant, you may also invest not-yet-taxed money in bitcoin and play the same trick.