Survivalist Forum

Advertise Here

Go Back   Survivalist Forum > Survival & Preparedness Forum > Financial Forum
Articles Chat Room Classifieds Donations Gallery Groups Links Store Survival Files



Financial Forum Economics and Precious Metals

Advertise Here
Reply
 
Thread Tools Display Modes
Old 01-06-2013, 12:36 AM
Sierra Dave's Avatar
Sierra Dave Sierra Dave is offline
Google Duckweed!!!
 
Join Date: Jul 2009
Posts: 1,229
Thanks: 1,683
Thanked 1,640 Times in 639 Posts
Default Any news on Greek and Spanish bank runs?



Advertise Here

Last I heard, the money was leaving faster out the front door than going in the back door.

Methinks the news is being suppressed.

Anyone else seen any articles lately on this?



Sierra Dave
The Following User Says Thank You to Sierra Dave For This Useful Post:
Old 01-06-2013, 12:56 AM
hoplite59 hoplite59 is offline
Hellenic Idealist
 
Join Date: Sep 2012
Location: PA
Posts: 1,978
Thanks: 2,611
Thanked 1,768 Times in 854 Posts
Default

nothing in the media....
Old 01-06-2013, 01:35 AM
Mominator Mominator is offline
It is what it is.
 
Join Date: Nov 2012
Posts: 1,617
Thanks: 3,087
Thanked 3,921 Times in 1,270 Posts
Default

If you google "greece economy" and then go to the news tab you can find some but they are not huge news stories it is more of the human interest type. Parents having to hand custody of their kids over to charities etc in hopes of finding food for them. I think part of the issue with the lack of news is that day to day struggles are not news. Every so often it errupts and then there is something "news worthy" but who cares to hear about people quietly starving? It is just human nature, people want to feel safe and it is easy to sell the occasional story of high drama (bank runs) but nobody wants to think of the misery and confusion behind it.

We all want to bash the Greeks. They are bad, its all their fault that this is happening to them, their expectations are too high... etc... etc...etc. but lets be realistic. Yes, they are doing wrong in their economy but how many of you voted for the guy we elected? I sure didn't. Even the Greeks who voted for the people that are screwing things up probably did what a lot of us do and voted for what they saw as the lesser of two evils. They became dependent upon the systems and have no real place to turn. The human interest stories really get you thinking and you can see why they are making the choices they are. Scared, cornered people grasping at straws is not very cheerful and people want to turn their head if those people make them feel afraid they are next. No cover up except the one where people are saying "don't tell me I don't want to know"
The Following 4 Users Say Thank You to Mominator For This Useful Post:
Old 01-06-2013, 04:05 AM
Angry Cow Angry Cow is offline
Hunter
 
Join Date: Jun 2011
Posts: 1,151
Thanks: 61
Thanked 1,717 Times in 662 Posts
Default

Excellent story on Greek daily life, from the Wall Street Journal:

http://online.wsj.com/article/SB1000...716211850.html

Basically, Greece is living off the savings of the old people. The country is just about sunk. When that happens, who knows what will happen? Will Athens dwindle to a ghost town as people go where the food is?
Old 01-06-2013, 04:14 AM
Cephalotus Cephalotus is offline
Target Shooter
 
Join Date: Jan 2012
Location: Germany
Posts: 420
Thanks: 74
Thanked 453 Times in 176 Posts
Default

People in Greece are bringing their money BACK to the banks.

Greece banks had 156 billion Euro cash* in November 2012, that is 64 billion Euro more than in October 2012.

source:
http://www.handelsblatt.com/politik/...n/7583564.html (in German)

S&P upgraded the rating of Greece from "selective default" to B- some weeks ago. That's a huge upgrade.

http://www.bbc.co.uk/news/business-20773955

---

*cash seems to be the wrong translation, I do not know the correct English word for "Einlagen".
The Following 3 Users Say Thank You to Cephalotus For This Useful Post:
Old 01-06-2013, 05:10 AM
Survivalguy72 Survivalguy72 is offline
This is a great survival forum
 
Join Date: Dec 2010
Posts: 11,833
Thanks: 0
Thanked 9,061 Times in 4,508 Posts
Default

News? Yes the banks are still there just like they were then when everyone was hyping the runs that weren't happening.
Old 01-06-2013, 08:03 AM
Sacajawea Sacajawea is offline
VIP Member
 
Join Date: Nov 2012
Posts: 5,769
Thanks: 7,928
Thanked 13,167 Times in 4,397 Posts
Default

Cephalotus:

Looks like "einlagen" = "cash deposits"; your meaning came across just fine the way it was.
The Following 2 Users Say Thank You to Sacajawea For This Useful Post:
Old 01-06-2013, 02:52 PM
Wallrat Wallrat is offline
Resident Gold miner
 
Join Date: Oct 2011
Location: Bozeman MT.
Posts: 337
Thanks: 250
Thanked 428 Times in 178 Posts
Default

I've been going to www.zerohedge.com for financials. they're pretty good for that.
The Following User Says Thank You to Wallrat For This Useful Post:
Old 01-06-2013, 03:48 PM
TxRanchMedic's Avatar
TxRanchMedic TxRanchMedic is online now
Hiker
 
Join Date: Mar 2010
Posts: 687
Thanks: 166
Thanked 631 Times in 288 Posts
Default

It serves the media and those they support no advantages to enlighten the tunnel visioned sheeple as to failures of the path that we have chosen. The definition of insanity is doing the same thing over and over and expecting different results. IF the people is unaware of the "same thing over and over" part, they will not be suspicious of the result.
The Following User Says Thank You to TxRanchMedic For This Useful Post:
Old 01-06-2013, 04:54 PM
MIL-DOT's Avatar
MIL-DOT MIL-DOT is offline
huh......what?
 
Join Date: Nov 2008
Location: "...front row seat for the end of the world."
Posts: 11,292
Thanks: 14,433
Thanked 31,329 Times in 7,773 Posts
Default

Quote:
Originally Posted by Survivalguy72 View Post
News? Yes the banks are still there just like they were then when everyone was hyping the runs that weren't happening.
Hey Troll Boy,do you EVER have anything useful or positive to say?
The Following 4 Users Say Thank You to MIL-DOT For This Useful Post:
Old 01-06-2013, 09:44 PM
AngryRed's Avatar
AngryRed AngryRed is offline
Learning
 
Join Date: Apr 2010
Location: In the Desert
Posts: 1,020
Thanks: 1,480
Thanked 1,638 Times in 581 Posts
Default

Quote:
Originally Posted by Cephalotus View Post
People in Greece are bringing their money BACK to the banks.

Greece banks had 156 billion Euro cash* in November 2012, that is 64 billion Euro more than in October 2012.
No disrespect intended but aren't the banks showing increases in their balance sheets because of the EU equivalent of quantitative easing? That is to say the central banks are inserting liquidity into the system.
The Following 2 Users Say Thank You to AngryRed For This Useful Post:
Old 01-06-2013, 10:00 PM
Mominator Mominator is offline
It is what it is.
 
Join Date: Nov 2012
Posts: 1,617
Thanks: 3,087
Thanked 3,921 Times in 1,270 Posts
Default

Quote:
Originally Posted by AngryRed View Post
No disrespect intended but aren't the banks showing increases in their balance sheets because of the EU equivalent of quantitative easing? That is to say the central banks are inserting liquidity into the system.
Yes, we are all basically doing the same dance and just waiting for the music to stop. Odd that the politicians can get away with it. That is what shocks me but I guess it is more that people do not want to see than that they are being lied to.
The Following User Says Thank You to Mominator For This Useful Post:
Old 01-07-2013, 07:05 PM
Sierra Dave's Avatar
Sierra Dave Sierra Dave is offline
Google Duckweed!!!
 
Join Date: Jul 2009
Posts: 1,229
Thanks: 1,683
Thanked 1,640 Times in 639 Posts
Default Spain Drains Fund Backing Pensions...

http://www.forexlive.com/blog/2013/0...king-pensions/

I don't think things are getting better there. They are tapping everything to avoid a collapse.


Sierra Dave
Old 01-09-2013, 11:30 AM
Octomonkey's Avatar
Octomonkey Octomonkey is offline
Silent Defender
 
Join Date: Jun 2010
Location: Markle, IN
Posts: 2,059
Thanks: 2,361
Thanked 2,600 Times in 1,000 Posts
Default

Quote:
Originally Posted by MIL-DOT View Post
Hey Troll Boy,do you EVER have anything useful or positive to say?


The Following User Says Thank You to Octomonkey For This Useful Post:
Old 01-09-2013, 11:48 AM
brewmaster1918's Avatar
brewmaster1918 brewmaster1918 is offline
spoonmaster
 
Join Date: Jan 2012
Location: Richmond, VA
Age: 46
Posts: 6,500
Thanks: 32,248
Thanked 20,360 Times in 5,523 Posts
Default

With the exception of Germany and northern Europe, alot of the continent is a complete disaster.

Check out this link on youth unemployment
http://www.zerohedge.com/news/2013-0...ariest-heatmap

Also, I saw this article about Europe too. Warning, for those people who only get their news from the MSM, you may not want to check this one. If you do get your news from MSM, who is winning American Idol?
http://theeconomiccollapseblog.com/a...ne-should-know

I like to see what's going on in Europe, because I think we're just a few years behind them. It's sad that the economy is crumbling, in Europe and here, and we are powerless to do anything about it.
The Following 3 Users Say Thank You to brewmaster1918 For This Useful Post:
Old 01-09-2013, 02:40 PM
Cephalotus Cephalotus is offline
Target Shooter
 
Join Date: Jan 2012
Location: Germany
Posts: 420
Thanks: 74
Thanked 453 Times in 176 Posts
Default

Europe altogether has a better dept/GDP ratio than the USA, a much smaller deficit and a significantly better trade balance. Average consumer dept is also much lower.
Unemployment may be higher, but we use different methods to count it, so its difficult to compare.


The Euro to US$ ratio is still around 1.3 : 1.

I'm not sure if the US really is in a better situation than Europe. Greece is a mess, but so are some states in The US, too. You should not forget that the GDP of Greece is around 300 billion US$, while the GDP of Germany is around 3,600 billion US$. So the German economy counts 12 times more in the average European economic situation vs. the Greek economy.

I assume that media / politics on both continents point to the other side and tell you how worse it is over there to distract from the own problems. We have many articles in the media about the US falling down. Maybe people prefer to read about some crises elsewhere.
The Following User Says Thank You to Cephalotus For This Useful Post:
Old 01-09-2013, 02:45 PM
Plasma1010's Avatar
Plasma1010 Plasma1010 is offline
Junior Member
 
Join Date: Dec 2012
Location: BrattahlÝ­
Posts: 177
Thanks: 4
Thanked 177 Times in 66 Posts
Default

I have a friend in Spain, and in his own words "I'm leaving soon".

As far as I know, Norway is one of the only countries in Europe which is still floating. Even Finland's welfare system is severely bankrupt.
Old 01-09-2013, 02:53 PM
brewmaster1918's Avatar
brewmaster1918 brewmaster1918 is offline
spoonmaster
 
Join Date: Jan 2012
Location: Richmond, VA
Age: 46
Posts: 6,500
Thanks: 32,248
Thanked 20,360 Times in 5,523 Posts
Default

Quote:
Originally Posted by Cephalotus View Post
I assume that media / politics on both continents point to the other side and tell you how worse it is over there to distract from the own problems. We have many articles in the media about the US falling down. Maybe people prefer to read about some crises elsewhere.
I think you're giving the US media too much credit. The media in the US is a total joke. They don't tell us anything. I get alot of information on the US economy from the Daily Telegraph in the UK. All our media is run by large corporations, who fear that if the truth got out about how bad things really are, then people would stop spending money, and the corporations would have less profits.

The US media barely mentions Europe. In the media's eyes, everything is going well in Europe and in the United States.

Let them eat cake.
The Following User Says Thank You to brewmaster1918 For This Useful Post:
Old 01-09-2013, 03:13 PM
txflyer's Avatar
txflyer txflyer is offline
Silver Wings
 
Join Date: Sep 2011
Location: Wild Blue Yonder
Posts: 10,072
Thanks: 19,614
Thanked 19,235 Times in 6,826 Posts
Default

The Richard Dawson thing was funny. S72, you're fan base is growing.

I have a hard time trusting MSM or D.C. It's probably twice as bad as we think it is. So I sure won't pretend to be a sage about anything going on in Europe. I just won't be moving any $ that direction anytime soon.

Our government has borrowed their limit and are having to come up with creative ways to fund everything as we speak. This should be scaring the **** out of everyone, but now we pass it off as business as usual. I pray every day I'm just a crazy sumbich who's losing his mind and I'm all wrong, but I think we're ****ed .... really.
__________________
tailwinds...

Disclaimer: The information I provide is my unaffiliated opinion and not reliable as financial advice. Past performance guarantees SHTF.
The Following User Says Thank You to txflyer For This Useful Post:
Old 01-09-2013, 04:29 PM
brewmaster1918's Avatar
brewmaster1918 brewmaster1918 is offline
spoonmaster
 
Join Date: Jan 2012
Location: Richmond, VA
Age: 46
Posts: 6,500
Thanks: 32,248
Thanked 20,360 Times in 5,523 Posts
Default

Quote:
Originally Posted by txflyboy View Post
Our government has borrowed their limit and are having to come up with creative ways to fund everything as we speak. This should be scaring the **** out of everyone, but now we pass it off as business as usual.(
And our fine president and many of the dems are spending their time talking about gun control.
The Following User Says Thank You to brewmaster1918 For This Useful Post:
Reply

Bookmarks



Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

Similar Threads
Thread Thread Starter Forum Replies Last Post
Bank Runs Coming to a branch near YOU albertjohnson Financial Forum 38 05-18-2012 08:04 PM
1B Euro pulled from Spanish Bank brewmaster1918 Financial Forum 6 05-17-2012 08:06 AM
Greek Bank Run Underway Gulcher Financial Forum 37 08-04-2011 08:24 PM
Electronic Bank Runs with a click of a mouse bretandteri General Discussion 9 02-24-2009 06:13 PM
Bank runs...on your mark, get set, GO! Lady Bug(ging) Disaster Preparedness General Discussion 34 09-18-2008 01:16 AM


All times are GMT -5. The time now is 10:25 PM.


Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2014, vBulletin Solutions, Inc.
vBulletin Optimisation provided by vB Optimise (Pro) - vBulletin Mods & Addons Copyright © 2014 DragonByte Technologies Ltd.
Copyright Kevin Felts 2006 - 2012,
Green theme by http://www.themesbydesign.net