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overtheedge
Member since May 2012
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Europe Reveals How Accounts Will Be Frozen During the Next Crisis - Graham Summer - Gains Pains & Capital

This is like one of those "Good grief, Charlie Brown" moments.

Anyone who reads good fiction knows that everything has to make sense.
Ergo, with simple though processes showing up for work after breakfast would realize the simplest plan is usually the best plan.
Can we spell computer network virus?
Everything locks up.
Electronic money has the magic bits and bytes go on vacation with no forwarding address.
Damage to network is extensive.
Please stand by.
A week to 10 days later and what is being used for cash? Not much of anything. Most all cash has been used for food purchases and then transferred to the local banks where it will never see sunlight again.
Think of it as a free 10 day bank holiday with a high cash transfer back to the banking realm. And, ta-ta, the opportunity to place the blame on _________ (fill in the blank with your current favorite bad-country).
Country____________ caused all of this. Rally the troops, incite the populace into a blood-lust and get those defense related contracts signed. Financial break-down averted.
Why yes, yes of course, we are deus ex machina incarnate.
We have saved you. We were always your best hope. Wir dien.
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Good article.

Commented 3120 days ago

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Beginning of the headline :In the last 24 months, Canada, Cyprus, New Zealand, the US, the UK, and now Germany have all implemented legislation that would allow them to first FREEZE and then SEIZE bank assets during the next crisis. These moves will be sold as “for the public’s good,” when they happen. But the reality is that it’s all about stopping people from moving their capital into actual physical cash. The whole template for this was set out in Cyprus in 2013. The quick timeline for what happened in Cyprus is as f... Read More

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