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  1. #37
    Senior Member Senior Member gaelic cowboy's Avatar
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    Default Re: The continuing battle against the inevitable Euro area default

    Quote Originally Posted by Philipvs Vallindervs Calicvla View Post
    What a strange concept - that the state might guarantee your money!
    it's not strange if you want to have a banking system with a good velocity of money

    Andres is fundamentally right - for the last half decade we've all watched our incomes and opportunities decrease, now the EU actually wants to actively steal the money we've already paid taxes on?

    I'm not sure if this is Nazi Germany or Orwell's 1984.
    this actually undermines trust in banking and encourages people to withdraw all deposits, it's crazy stuff at a time they need cypriots to SAVE money.

    Therefore I say it's Orwellian
    Last edited by gaelic cowboy; 03-18-2013 at 13:58.
    They slew him with poison afaid to meet him with the steel
    a gallant son of eireann was Owen Roe o'Neill.

    Internet is a bad place for info Gaelic Cowboy

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