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L. Coyote

(51,129 posts)

17. That's $70 per capita.

Reply to hack89 (Original post)

Wed May 16, 2012, 12:02 PM

May 2012

Or, what a few millionaires have on deposit.

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Greeks withdraw $894 million U.S. in cash out of bank accounts [View all] hack89 May 2012 OP

Going their own way. I hope it works out. nt DCKit May 2012 #1

Getting out of the Eurozone makes more sense than getting beaten down by EU banksters. n/t davidwparker May 2012 #49

the greek economy is already crushed rdking647 May 2012 #2

Well they could change their constitution and allow taxation of their shipping billionaires and they grantcart May 2012 #3

Suspect the shipping billionaires did a Romney long ago. Without income, what taxes on the others? freshwest May 2012 #4

All income from shipping, all dividend income and all capital gains on Greek Stock exchange have no grantcart May 2012 #42

Thanks very much, now I see why some in Europe are mad at them. They have been portrayed as victims. freshwest May 2012 #48

to add to the problem is that a lot of the money that is invested and that will disappear if Greece grantcart May 2012 #51

I am starting to see similar things here. We're all connected, it's both a blessing and a curse. freshwest May 2012 #55

The creation of a new currency is what triggered the Argentinian fiscal crisis hack89 May 2012 #5

That doesn't work either gmpierce May 2012 #7

Argentine govt budget is 17% of GDP, Greek 40% dmallind May 2012 #16

+1 davidwparker May 2012 #50

Time to confiscate and sell some of the billionaires land holdings. denverbill May 2012 #6

That solves nothing in the long term hack89 May 2012 #8

Just that would be worth it. salib May 2012 #10

The REAL Atlas IS shrugging. Psephos May 2012 #41

Perhaps they could seize all their assets if they tried to leave 4th law of robotics May 2012 #9

Hardly need to be so complicated salib May 2012 #11

A) we're not going to invade Greece, no matter what they do with their property 4th law of robotics May 2012 #12

They'll simply stop using the Euro and use their own currency harun May 2012 #19

The U.S. dollar is the world's reserve currency. former9thward May 2012 #27

That has it's own problems. 4th law of robotics May 2012 #36

I wasn't actually saying it was a solution. Just more nonsense and fake solutions. harun May 2012 #40

Gotcha 4th law of robotics May 2012 #46

Wow, fill us in on the conservative talking points salib May 2012 #32

That wealth is leaving Greece at a breakneck speed as we speak. hack89 May 2012 #13

Some are "trying their hardest to protect their moeny" more than others salib May 2012 #33

If the Greek people really cared to make something good out of it hack89 May 2012 #34

So, I guess that is a "no"? salib May 2012 #38

There is no sense of unity that I can see hack89 May 2012 #39

the Greek constitution protects all income from shipping from taxes. grantcart May 2012 #43

Talk like that is whats driving people to empty their bank accounts.. Maine23 May 2012 #47

That's only 3.88 times what Mitt Romney is worth. Suji to Seoul May 2012 #14

That much money every day will add up fast. nt hack89 May 2012 #15

That's $70 per capita. L. Coyote May 2012 #17

Prudent move. If Greece moves back to their own currency there'll likely be a major devaluation. n/t PoliticAverse May 2012 #18

Current tax receipts are less than current government expenditures FarCenter May 2012 #20

The other question... Xolodno May 2012 #21

If they are smart they would get the money out of Europe hack89 May 2012 #22

lol nt jakeXT May 2012 #24

There is a good reason yields on US treasuries are so low. nt hack89 May 2012 #25

I suspect... Xolodno May 2012 #26

There has been a surge in demand for US securities. hack89 May 2012 #28

So many believe that the US is still a safe haven.... Xolodno May 2012 #29

The rest of the world is on much shakier ground then we are. hack89 May 2012 #30

I don't have that kind of faith... Xolodno May 2012 #31

Michael Hudson: Banks Weren’t Meant to Be Like This jakeXT May 2012 #35

ECB Cuts Off Operations With Some Greek Banks jakeXT May 2012 #23

Umm ... oops? Nihil May 2012 #52

Anyone should get your money out of the Greek banks ASAP AngryAmish May 2012 #37

There are some serious idiots Thrill May 2012 #44

I don't think anybody is running anything. nt hack89 May 2012 #45

Short term it will be painful, but 18 months after leaving they will be just like Iceland Katashi_itto May 2012 #53

It took Iceland 3 years and billions of international financial assistance hack89 May 2012 #54