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Old 03-25-2013, 11:50 AM
 
41,111 posts, read 25,591,587 times
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Enslaving the people:

We can’t trust you with the euro because you create too much debt. So what you see is the whole bailout, at the expense of the public.

It’s the same here (in the US). Who runs the Treasury? Who runs the financial regulatory agencies? Who runs the Fed? It’s all of the executives of the banks that are ‘too big to fail. (In Eric Holders words, too big to jail).

Government theft, well, if they get away with it, if the people accept it, they are being reenserfed (or enslaved). People are becoming serfs again.
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Old 03-25-2013, 12:11 PM
 
Location: Great State of Texas
86,052 posts, read 84,174,115 times
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Quote:
Originally Posted by petch751 View Post
Enslaving the people:

We can’t trust you with the euro because you create too much debt. So what you see is the whole bailout, at the expense of the public.

It’s the same here (in the US). Who runs the Treasury? Who runs the financial regulatory agencies? Who runs the Fed? It’s all of the executives of the banks that are ‘too big to fail. (In Eric Holders words, too big to jail).

Government theft, well, if they get away with it, if the people accept it, they are being reenserfed (or enslaved). People are becoming serfs again.
Goldman Sachs ex-executives

The bankers run the country and the financial arms of the USG.
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Old 03-25-2013, 12:27 PM
 
41,111 posts, read 25,591,587 times
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Timothy Geithner
A US economic policy maker and central banker who served as the US Secretary of the Treasury, under President Obama, from 2009 to 2013. He was previously the president of the Federal Reserve Bank of New York from 2003 to 2009.
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Old 03-25-2013, 12:29 PM
 
Location: Great State of Texas
86,052 posts, read 84,174,115 times
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Quote:
Originally Posted by petch751 View Post
Timothy Geithner
A US economic policy maker and central banker who served as the US Secretary of the Treasury, under President Obama, from 2009 to 2013. He was previously the president of the Federal Reserve Bank of New York from 2003 to 2009.
He also worked for the CFR and the IMF.
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Old 03-25-2013, 12:53 PM
 
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This is concerning because what government has said if you have money in the bank your money is eminent domain that the government can be taxed and confiscated. What will the domino effects be?

Who needs campaigning to increase taxes when you now have the Cyprus template.
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Old 03-25-2013, 02:31 PM
 
6,205 posts, read 7,426,926 times
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Quote:
Originally Posted by petch751 View Post
This is concerning because what government has said if you have money in the bank your money is eminent domain that the government can be taxed and confiscated. What will the domino effects be?

Who needs campaigning to increase taxes when you now have the Cyprus template.
You continue propagating incorrect (or inaccurate) facts. You judge everything from US perspective and through American eyes. We are a different case:
1) The government of Cyprus said nothing. They just asked the EU for financial aid.
2) It was the EU who came with this flawed idea and tried to force it on the Cypriots. The EU does not trust Cyprus (to return the loans/aid they were asking for) and came with a way to ensure they will pay back the loans. While the Cypriot government considered the proposal (saying there is no alternative to the EU aid package), the parliament overwhelmingly rejected it.
3) The European countries gave up their financial independence and freedom when they joined the Eurozone. The idea behind a union of currencies while keeping political and social issues separate is bad and doesn't hold water. In my opinion in a few years the Eurozone will collapse. It was conceived by dreamers who don't understand reality and continues to be led by people who don't get the severity of steps like this Cypriot fiasco.
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Old 03-25-2013, 02:33 PM
 
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We are a global economy. And yes, I agree, the euro will collapse. Some will get tired of bailing others out.
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Old 03-25-2013, 02:47 PM
 
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Quote:
Originally Posted by petch751 View Post
We are a global economy. And yes, I agree, the euro will collapse. Some will get tired of bailing others out.
That's not the only point. Most Europeans will want back their financial independence.
And the so called "global economy" is s*** because the firewalls that once protected individual economies were removed. Any random fire can spread to the whole world over night.
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Old 03-25-2013, 02:55 PM
 
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Cyprus should have defaulted and given up the Euro. This policy is brutal and merely prolongs the inevitable.
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Old 03-25-2013, 02:57 PM
 
Location: CHicago, United States
6,933 posts, read 8,462,369 times
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Quote:
Originally Posted by juppiter View Post
Cyprus should have defaulted and given up the Euro. This policy is brutal and merely prolongs the inevitable.
Cyprus could have walked away from the EU rescue of it's financial system and national economy. But, we know it didn't. The nation gambled on investments in Greece. And has catered to international money laundering for a long time. Am I concerned about the Russians who will be losing some money, or about other rich folks in Cyprus? Not in the least. I said last week I thought the EU should walk away from Cyprus, let that nation sort out its problems ... on its own.
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