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Greece: Banks Can Reopen … for Deposits
Jul 17, 2015
Take, for example, the recently-announced ‘generosity’ of the powers that be — that is, the banking powers that be — which will permit the long suffering depositors to…*cough*…deposit more money into the banks:
Greece: Banks Can Reopen … for Deposits
Jul 17, 2015
Greek banks will reopen Monday after a three-week closure, the country’s deputy finance minister says, though withdrawal restrictions will stay in place. Bank customers “can deposit cash, they can transfer money from one account to the other,” but they can’t withdraw money except at ATMs, the official says, and a withdrawal limit of 60 euros ($67) a day will stay in place, he said, though Greek authorities are working on a plan to allow people to roll over access to their funds so that if they don’t make it to a bank machine one day, they can take out 120 euros the next day.
Yeah, depositing more money into the Greek banking system is exactly what all 12 remaining Greek idiots are clamoring to do…everybody else just wants their money back, thank-you-very-much.
Obviously, the only rational response of anybody in Europe watching this charade of theft continue would be to sell gold, right?(which has happened vigorously ever since the Greek crisis began) Because, you know,
nothing says “confidence” quite like selling your gold so you can then park that money in a bank that may not let you withdraw it again.
Of course, we here at Peak Prosperity hold to the view that everything, and we mean everything, in our ””markets”” is stage-managed. And that especially includes gold. The central banks are demanding and commanding complete fealty to their story line, no exceptions tolerated. We are at that all-or-nothing moment in history when everything either works out perfectly or it all falls apart.
Savers have to be punished so debtors can be saved.
Why? Because if debtors are rescued, that makes it possible for more debts to be issued in the future..
And why is that important? Because the banking system needs ever more loans in order to survive.
http://www.zerohedge.com/news/2015-07-18/all-hail-our-banking-overlords