Topic: Why next pump might be completely different - page 2. (Read 3258 times)

http://theeconomiccollapseblog.com/archives/january-1-2016-the-new-bank-bail-in-system-goes-into-effect-in-europe

As of jan 1st 2016 it became legal for the banks to raid private accounts in euro countries. Forget china, the entire western world is about to collapse.

Any links for this? I recall them working on it but have not seen anything since then.

Well, people said that Cyprus was a test for Europe. They tested how people react when the government takes their money. People who said this got called conspirancy theorists. As so often. And as so often, those conspirancy theorists were right.

In fact I used those exact words at the time. They wanted to see what they could get away with, and now they know, and so they will do it.

UnDerDoG81

legendary

Activity: 2184

Merit: 1213

http://theeconomiccollapseblog.com/archives/january-1-2016-the-new-bank-bail-in-system-goes-into-effect-in-europe

As of jan 1st 2016 it became legal for the banks to raid private accounts in euro countries. Forget china, the entire western world is about to collapse.

Any links for this? I recall them working on it but have not seen anything since then.

Well, people said that Cyprus was a test for Europe. They tested how people react when the government takes their money. People who said this got called conspirancy theorists. As so often. And as so often, those conspirancy theorists were right.

Ibian

legendary

Activity: 2268

Merit: 1278

Quote from: Elwar on January 07, 2016, 08:24:43 AM

http://theeconomiccollapseblog.com/archives/january-1-2016-the-new-bank-bail-in-system-goes-into-effect-in-europe

As of jan 1st 2016 it became legal for the banks to raid private accounts in euro countries. Forget china, the entire western world is about to collapse.

Any links for this? I recall them working on it but have not seen anything since then.

Interesting. Pretty shitty law.

I did see something about a year ago where they want to change the wording of bank deposits to investments. That way the money you deposit is no longer your money, you have given it to the bank to invest as they wish. If they lose money while investing your money, they will not be held accountable legally.

An investment with a 0% return is a pretty shitty investment.

Elwar

legendary

Activity: 3598

Merit: 2386

Viva Ut Vivas

http://theeconomiccollapseblog.com/archives/january-1-2016-the-new-bank-bail-in-system-goes-into-effect-in-europe

As of jan 1st 2016 it became legal for the banks to raid private accounts in euro countries. Forget china, the entire western world is about to collapse.

Any links for this? I recall them working on it but have not seen anything since then.

Interesting. Pretty shitty law.

I did see something about a year ago where they want to change the wording of bank deposits to investments. That way the money you deposit is no longer your money, you have given it to the bank to invest as they wish. If they lose money while investing your money, they will not be held accountable legally.

gentlemand

legendary

Activity: 2590

Merit: 3015

Welt Am Draht

It's decades away from being any type of safe haven, if ever. It'll be the first thing to go in anyone's portfolio if times become hard. If your choice is being homeless or hanging on to one's bet for a future which may never arrive then I'd go for a roof over my head.

WhatTheGox

legendary

Activity: 812

Merit: 1000

Quote from: DieJohnny on January 06, 2016, 10:13:48 PM

So far the largest financial crisis to impact Bitcoin has been Cyprus. What a tiny tiny tiny tiny little country.

What happens when China plummets...........

Yeah i think if china goes the world is going to change at least for a while. I run my current business mostly around buying crap from china like a gazillion other people. I'd like to see what happens.

Amph

legendary

Activity: 3248

Merit: 1070

Quote from: ~Bitcoin~ on January 06, 2016, 10:42:26 PM

Quote from: abs350 on January 06, 2016, 10:19:31 PM

China is where 99% of the mining goes on. So if china goes down bitcoin may well collapse. Huh

I dont think they have 99% mining power, can you provide a link where it is stated ? Huh

no in fact they own 60% only, maybe this % is bigger now, but is nowhere near 80% let alone 99%

Ibian

legendary

Activity: 2268

Merit: 1278

http://theeconomiccollapseblog.com/archives/january-1-2016-the-new-bank-bail-in-system-goes-into-effect-in-europe

As of jan 1st 2016 it became legal for the banks to raid private accounts in euro countries. Forget china, the entire western world is about to collapse.

Any links for this? I recall them working on it but have not seen anything since then.

Ibian

legendary

Activity: 2268

Merit: 1278

Quote from: flagpara on January 07, 2016, 05:37:02 AM

As of jan 1st 2016 it became legal for the banks to raid private accounts in euro countries. Forget china, the entire western world is about to collapse.

Any links for this? I recall them working on it but have not seen anything since then.

Didn't happen, will not happen. Much more complicated than this. Government can take money from your account to repay bank debts, but only accounts with more than 100k€

So not a lot of people!

The rules are what they are until they change, which they will as soon as it becomes convenient. Link incoming.

flagpara

full member

Activity: 756

Merit: 100

Quote from: abs350 on January 06, 2016, 10:19:31 PM

As of jan 1st 2016 it became legal for the banks to raid private accounts in euro countries. Forget china, the entire western world is about to collapse.

Any links for this? I recall them working on it but have not seen anything since then.

Didn't happen, will not happen. Much more complicated than this. Government can take money from your account to repay bank debts, but only accounts with more than 100k€

So not a lot of people!

Newcoins2020

sr. member

Activity: 406

Merit: 250

China is where 99% of the mining goes on. So if china goes down bitcoin may well collapse. Huh

The Chinese market went down to the red marks yesterday and bitcoin went up while this happened.
So I think the opposite will happen with bitcoin when the china goes down.

Elwar

legendary

Activity: 3598

Merit: 2386

Viva Ut Vivas