Last-minute Cyprus deal to close bank, force losses...

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EKO
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Re: Last-minute Cyprus deal to close bank, force losses...

#31

Post by EKO »

VMI77 wrote: There are ways of "taking" that might not be considered "taking."

Like:
1. Keeping the Interest rate low.
2. Printing money and dumping it into the bond market.
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Dadtodabone
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Re: Last-minute Cyprus deal to close bank, force losses...

#32

Post by Dadtodabone »

EKO wrote:
VMI77 wrote: There are ways of "taking" that might not be considered "taking."

Like:
1. Keeping the Interest rate low.
2. Printing money and dumping it into the bond market.
See: John Law and the Mississippi Bubble. Of course that was France, I'm sure it couldn't happen here.
"Caesar si viveret, ad remum dareris!"
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VMI77
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Re: Last-minute Cyprus deal to close bank, force losses...

#33

Post by VMI77 »

EKO wrote:
VMI77 wrote: There are ways of "taking" that might not be considered "taking."

Like:
1. Keeping the Interest rate low.
2. Printing money and dumping it into the bond market.
Absolutely. But though most people seem to be too economically illiterate to catch on to that particular scam they do tend to notice money being openly stolen from their bank account or a forced conversion.
"Journalism, n. A job for people who flunked out of STEM courses, enjoy making up stories, and have no detectable integrity or morals."

From the WeaponsMan blog, weaponsman.com
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