Quote from: shmadz on July 07, 2015, 04:18:33 AM

Quote from: aztecminer on July 07, 2015, 03:35:46 AM

Quote from: billyjoeallen on July 07, 2015, 01:02:06 AM

What happens if Greek banks don't reopen tomorrow? I'm giving them only a 15% chance of opening.

Those banks can't handle even one full day of withdrawals. depositor's haircuts?

What happens after banks are closed for two weeks? Civil unrest? riots?

"OXI" on the referendum is not the end of the story. It's just getting started.

they have an ingenious idea how to fix the 'interest to infinity' debt slavery system that is broken atm .. they are going to print up some more euros and extend an emergency loan to greece but they have to promise to pay it back this time for real.. scouts honor. and then they plan to release a new fiat reserve currency which will be superior to all the rest since this new fiat reserve currency will not have cash. that will stop the bank runs once and for all. they don't need a blockchain. that would hamper their ability to steal (corruption) and to add more 1's and 0's to make more money on the fly. -5% interest rate to keep your money in the bank (like u got a choice in a cashless system). they can stretch that 'interest to infinity' debt slavery system out for at least another ten years.

Very astute. The money doesn't matter. The amount they owe it's flexible... they can negotiate.

What is most important is that they continue to owe, and they continue to pay.

It's not about dollars, or Euro, or Drachma. It's about power and control. It always is.

just like mafia ... it's all about the juice.

Don't let them get anything on ya, debt or otherwise and you'll stand a fighting chance.

It's why land/property taxes are so disgustingly immoral, there is no way to be independent and opt out.