It is currently Sat Oct 25, 2014 4:05 am

All times are UTC - 5 hours





Post new topic Reply to topic  [ 19 posts ]  Go to page 1, 2  Next
Author Message
 Post subject: The Cyprus Haircut: EU raids Cyprus' bank accounts
PostPosted: Mon Mar 18, 2013 10:32 am 
Site Admin
Site Admin
User avatar
 WWW  Profile

Joined: Sun May 31, 2009 10:47 pm
Posts: 2419
Location: U.S.A.
Gender: male
Has anyone read this story yet?

Basically, the EU is bailing out cyprus, but taking money out of the banks of citizens first.

As an American, it is sobering. A surefire sign that the
$16.7 trillion piper will come calling sooner or later.


Anyway, this can have very dangerous repercussions accross the globe! If people see this happening, and in turn lose faith in banking institutions, then banking as we know it will die away. This will not be an easy process.

If you are curious as to how it affects you, then look at your local markets.

Here in the united states, it has been making news that our DOW index has been soaring on a more powerful rally than it has seen in years. Now, it has hit it's plateau and is already rebounding to the red quite strongly, and as of writing this article, it was 14476.78 -37.33 (-0.26%)
For those of you not market literate, ending a strong rally so abruptly, and turning about face into the red (or turning sharply "bearish" if you speak market lingo) is NOT a good sign, especially when this occurs on an large index such as DOW or NASDAQ.

If you are still lost, then in laymens terms says it best:

All markets around the world are interwoven, and dependent on the other markets around the world symbiotically. It is not possible for one of the other larger markets to tank without your market getting hit hard by it in some way.

In our case, the EU is playing a dangerous game here. Sure, they are in trouble, and need a solution. Something had to happen, this we know. BUT just blatantly going in and raiding the savings accounts of so many people (IMO) is going to have terrible consequences on banking institutions.. Think about it. If you live in cyprus, and they just took a few thousand dollars from your bank account, and shut the bank down for a week so you couldnt get to the rest...

what are you going to do when you finally get access to the rest of your money?

_________________
Battle Dawn Staff
Community Management Specialist
Technical Support
World Administrator
Music Composer

Welcome to the best free multiplayer war strategy game on the web!


Top
 

 Post subject: Re: The Cyprus Haircut: EU raids Cyprus' bank accounts
PostPosted: Tue Mar 19, 2013 12:57 pm 
First Lieutenant
First Lieutenant
User avatar
 Profile

Joined: Fri Aug 07, 2009 1:50 pm
Posts: 550
Location: America
Gender: male
Its true it will hurt economic standards as we know it, but personally I think we need to get away from the entire method we base our economy on in the first place.

_________________
Image
BattleDawn Comics
BD Comics on Facebook


Top
 

 Post subject: Re: The Cyprus Haircut: EU raids Cyprus' bank accounts
PostPosted: Tue Mar 19, 2013 11:19 pm 
Major
Major
User avatar
 WWW  Profile

Joined: Wed Jul 28, 2010 5:38 am
Posts: 2979
Location: Broome, Western Australia
Gender: male
We are witnesing the death of the Euro. There have already been talk in England of dropping it and reverting it back to Pounds. Imo, things have gone way past the point of a possible recovery in the next 40 years.

_________________
Retired Head Mod

Image

Most Crystals: 121
Highest Power: 212


Sensual bath time feat. Ferr3t
Spoiler:
Image


Top
 

 Post subject: Re: The Cyprus Haircut: EU raids Cyprus' bank accounts
PostPosted: Tue Mar 19, 2013 11:31 pm 
SM Moderator
SM Moderator
User avatar
 Profile

Joined: Mon Oct 15, 2012 4:08 pm
Posts: 1551
Location: England
Gender: male
Ferr3t wrote:
There have already been talk in England of dropping it and reverting it back to Pounds.


England use the Euro? :? Or do you mean something else...

_________________
ImageImageImage


Top
 

 Post subject: Re: The Cyprus Haircut: EU raids Cyprus' bank accounts
PostPosted: Wed Mar 20, 2013 4:04 am 
Moderator
Moderator
 Profile

Joined: Mon Sep 06, 2010 3:13 pm
Posts: 1931
I was going to say the same Andy :lol: Sorry to say so Ferret but you seem horribly misinformed!

_________________
Image

Made by KazeToushin, thank you!


Top
 

 Post subject: Re: The Cyprus Haircut: EU raids Cyprus' bank accounts
PostPosted: Wed Mar 20, 2013 4:17 am 
Major
Major
User avatar
 WWW  Profile

Joined: Wed Jul 28, 2010 5:38 am
Posts: 2979
Location: Broome, Western Australia
Gender: male
Thanks for making me feel stupid.. XD

Yeah, it must have been another country.. I just swear I remember something about a country considering dropping out, thought it was the UK o.o

BLAME MY EDUCATION

_________________
Retired Head Mod

Image

Most Crystals: 121
Highest Power: 212


Sensual bath time feat. Ferr3t
Spoiler:
Image


Top
 

 Post subject: Re: The Cyprus Haircut: EU raids Cyprus' bank accounts
PostPosted: Wed Mar 20, 2013 4:32 am 
Moderator
Moderator
 Profile

Joined: Mon Sep 06, 2010 3:13 pm
Posts: 1931
It might have actually been the Netherlands, since there has been talk about that for a while here. However it might also have been Finland since from what I heard the consensus is becoming increasingly anti-EU there too, and there has even been a poll in Germany that concluded the Germans do not want to give money to Cyprus and would rather exit the EU than that, I believe.

So pick one and feel less stupid :lol:

_________________
Image

Made by KazeToushin, thank you!


Top
 

 Post subject: Re: The Cyprus Haircut: EU raids Cyprus' bank accounts
PostPosted: Wed Mar 20, 2013 6:01 am 
Major
Major
User avatar
 WWW  Profile

Joined: Wed Jul 28, 2010 5:38 am
Posts: 2979
Location: Broome, Western Australia
Gender: male
Milanos wrote:
It might have actually been the Netherlands, since there has been talk about that for a while here. However it might also have been Finland since from what I heard the consensus is becoming increasingly anti-EU there too, and there has even been a poll in Germany that concluded the Germans do not want to give money to Cyprus and would rather exit the EU than that, I believe.

So pick one and feel less stupid :lol:
Yeah......It was one of them XD

_________________
Retired Head Mod

Image

Most Crystals: 121
Highest Power: 212


Sensual bath time feat. Ferr3t
Spoiler:
Image


Top
 

 Post subject: Re: The Cyprus Haircut: EU raids Cyprus' bank accounts
PostPosted: Wed Mar 20, 2013 7:39 am 
Captain
Captain
User avatar
 Profile

Joined: Sun Sep 26, 2010 2:52 pm
Posts: 982
Location: Sailing in Black Pearl
wow this is terrible.. taking out money from citizen's bank a/c.. This EU crisis has gone way out of hand.
Looks like in future people would be back to old barter system again or something else.. The concept of money is itself full of flaws..

_________________
Image
Sig thx to Darklighter...
Life’s pretty good, and why wouldn’t it be? I’m a pirate, after all.


Top
 

 Post subject: Re: The Cyprus Haircut: EU raids Cyprus' bank accounts
PostPosted: Wed Mar 20, 2013 8:33 am 
Captain
Captain
User avatar
 Profile

Joined: Fri Feb 19, 2010 9:57 am
Posts: 791
Location: El Paso, Texas, U.S.A.
Gender: male
"WE NEED MONEY!!"

"How about we steal it from these guys?"

"OK, LET ME JUST GET A STATE-SANCTIONED STAMP!!"

*press*

"YAY NOW WE HAVE OTHER PEOPLES MONEY TO WASTE!!"


#government

_________________
Open for business.


Last edited by Jack on Wed Mar 20, 2013 8:34 am, edited 1 time in total.

Top
 

Display posts from previous:  Sort by  
Post new topic Reply to topic  [ 19 posts ]  Go to page 1, 2  Next

All times are UTC - 5 hours



You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot post attachments in this forum

Jump to:  
WarLingo Android Mobile Game

Powered by phpBB © 2000, 2002, 2005, 2007 phpBB Group  
Copyright Tacticsoft Ltd. 2008   
Updated By phpBBservice.nl