My bank account's got robbed by European Commission. Over 700k is lost. - page 68.

johnyj

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Beyond Imagination

Quote from: Akka on March 28, 2013, 05:01:49 PM

Quote from: zeroday on March 28, 2013, 04:56:54 PM

They raised over 2 billions by killing my bank. 2 billions to cover country's debt, not bank's debt!
Under-100K accounts are compensated by money taken from over-100k accounts! It comes that I gave them their 100k, not European Comission!

No, there is no money. Your Money is gone. That's the starting point. 0 money in the bank.

Technically this is close to truth, as soon as you put the money into a bank, at least 80% of them is gone, due to fractional reserve banking

myrkul

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FIAT LIBERTAS RVAT CAELVM

Quote from: marcus_of_augustus on March 28, 2013, 05:57:29 PM

You just got robbed, call the cops.

Cops are in on it, sadly. Sad

marcus_of_augustus

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Eadem mutata resurgo

You just got robbed, call the cops.

myrkul

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FIAT LIBERTAS RVAT CAELVM

Quote from: vampire on March 28, 2013, 05:06:34 PM

In this specific case we are talking about the banks. The government debt is a separate issue.

Hmmm.... No:

Quote from: vampire on March 28, 2013, 05:06:34 PM

The EU countries are fucked because they can't devaluate their currency. That's how you reduce your debt to nothing :-)

Oh they can, they just can't devalue their individual currencies, and pay off the debts with the magic new money.

Cyprus is just the first domino. If you have any money in any EU bank, get it the fuck out now.

Maybe buy Bitcoin.

xtral

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So, it's a kind of magic to get over 2 billions EURO from the bank with 0 money

It´s not a magic. The Cypriote banks bought Greek bonds are now worthless

xtral

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The EU countries are fucked because they can't devaluate their currency

When they do that, than you loos the money too.

wachtwoord

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Quote from: vampire on March 28, 2013, 05:06:34 PM

Quote from: myrkul on March 28, 2013, 05:01:03 PM

Would that it were so simple. No, the money is going to cover the country's debts, to the EU. Cyprus is hosed, rest of Eurozone to follow.

http://www.youtube.com/watch?v=thSTpGnWEAs

In this specific case we are talking about the banks. The government debt is a separate issue.

The EU countries are fucked because they can't devaluate their currency. That's how you reduce your debt to nothing :-)

They can and have, just not individually (anymore, Ireland has in the beginning of the crisis). They've printed trillions last year.

zeroday

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Quote from: Akka on March 28, 2013, 05:01:49 PM

No, there is no money. Your Money is gone. That's the starting point. 0 money in the bank.

Now the European Commission steps in and pays everyone some of the money they had in their accounts.

So, it's a kind of magic to get over 2 billions EURO from the bank with 0 money.
Oh, forgive me, European Commision, I was so blind not to see divine miracle made by you! Amen!

vampire

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Quote from: myrkul on March 28, 2013, 05:01:03 PM

Would that it were so simple. No, the money is going to cover the country's debts, to the EU. Cyprus is hosed, rest of Eurozone to follow.

http://www.youtube.com/watch?v=thSTpGnWEAs

In this specific case we are talking about the banks. The government debt is a separate issue.

The EU countries are fucked because they can't devaluate their currency. That's how you reduce your debt to nothing :-)

xtral

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Quote from: zeroday on March 28, 2013, 04:56:54 PM

Quote from: xtral on March 28, 2013, 04:42:17 PM

Your Bank is insolvent. You have luck that the European Commission give you 100.000 EURO.

This money comes from our high taxes and low interest.

Blame for the insolvens have your banker and politician, not Merkel and co.

They (EU) raised over 2 billions by killing my bank. 2 billions to cover country's debt, not bank's debt!
Under-100K accounts are compensated by money taken from over-100k accounts! It comes that I gave them their 100k, not European Comission!

If the European Comissio say they would be no money then you would get nothing.

The money come from the other european countrys.

Akka

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Quote from: zeroday on March 28, 2013, 04:56:54 PM

They raised over 2 billions by killing my bank. 2 billions to cover country's debt, not bank's debt!
Under-100K accounts are compensated by money taken from over-100k accounts! It comes that I gave them their 100k, not European Comission!

No, there is no money. Your Money is gone. That's the starting point. 0 money in the bank.

Now the European Commission steps in and pays everyone some of the money they had in their accounts.

All under 100K everything and all over 100k only a little.

That's still outrageous. But the European Commission isn't taking you money. Your money is already gone.

Gambled away by the Bank.

myrkul

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FIAT LIBERTAS RVAT CAELVM

Quote from: vampire on March 28, 2013, 04:50:52 PM

Quote from: myrkul on March 28, 2013, 04:45:49 PM

Bank not insolvent. Country insolvent. While not directly caused by Merkel, or the Eurozone in general, they kept propping it up, until finally, they ran out of props.

Banks are insolvent. This is a bailout for banks.

If you take a look at the screenshot, $129k is available what their FDIC protects (100k EUR). Everything else is gone/lock/pending sale of the banks.

Would that it were so simple. No, the money is going to cover the country's debts, to the EU. Cyprus is hosed, rest of Eurozone to follow.

http://www.youtube.com/watch?v=thSTpGnWEAs

johnyj

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Beyond Imagination

Don't take it too serious, it is just a game of numbers, while numbers can be Euro, USD, JPY, BTC ... Now you know that some games do not benefit you as much as other game

zeroday

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Quote from: xtral on March 28, 2013, 04:42:17 PM

Your Bank is insolvent. You have luck that the European Commission give you 100.000 EURO.

This money comes from our high taxes and low interest.

Blame for the insolvens have your banker and politician, not Merkel and co.

They (EU) raised over 2 billions by killing my bank. 2 billions to cover country's debt, not bank's debt!
Under-100K accounts are compensated by money taken from over-100k accounts! It comes that I gave them their 100k, not European Comission!

xtral

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Shame on the EU for pushing Cyprus into this. Shame on Cyprus for accepting it. This is theft.

The problem is not the EU.
The problem is that lots of cheap money is in the world.

conspirosphere.tk

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Bitcoin is antisemitic

Quote from: Wekkel on March 28, 2013, 04:48:34 PM

Do you think I keep a big balance in a bank account? Guess again.

yes, the OP was a fool to have a business which requires a substantial bank account. Much smarter to stay in the parents' basement.

xtral

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Bank not insolvent. Country insolvent. While not directly caused by Merkel, or the Eurozone in general, they kept propping it up, until finally, they ran out of props.

It´s the same.

The banks have ruin the country.

Must we pay for any bank-ruin?

Close the bank is the best way.

vampire

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Quote from: myrkul on March 28, 2013, 04:45:49 PM

Bank not insolvent. Country insolvent. While not directly caused by Merkel, or the Eurozone in general, they kept propping it up, until finally, they ran out of props.

Banks are insolvent. This is a bailout for banks.

If you take a look at the screenshot, $129k is available what their FDIC protects (100k EUR). Everything else is gone/lock/pending sale of the banks.

Most likely that Cyprus would go bankrupt trying to pay out $129,000 of insured deposits.

Razick

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Shame on the EU for pushing Cyprus into this. Shame on Cyprus for accepting it. This is theft.

By the way, I am an American in no way affected by this so I'm not ranting for my own loss (because there is none), it's just wrong.

Wekkel

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yes

Quote from: zeroday on March 28, 2013, 04:25:48 PM

In other words it means that everyone's assets are just loans to someone.
So, what are you waiting? Run to the bank and dump it into cash now!

Do you think I keep a big balance in a bank account? Guess again.

Topic: My bank account's got robbed by European Commission. Over 700k is lost. - page 68. (Read 408494 times)