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Re: Last-minute Cyprus deal to close bank, force losses...
Posted: Sat Mar 30, 2013 7:02 pm
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.
Re: Last-minute Cyprus deal to close bank, force losses...
Posted: Sun Mar 31, 2013 1:06 am
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.
Re: Last-minute Cyprus deal to close bank, force losses...
Posted: Tue Apr 02, 2013 11:21 am
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.