Can The Government Force A Buy Back At Face Value ? - Page 3

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Author	Replies: 33 / Views: 4,175	Page: of 3

austrokiwi Pillar of the Community 2087 Posts	Posted 03/29/2013 6:40 pm Quote: FAR easier to do what Cyprus did, simply call the banks and say "please send in 10% of everything, thanks." Why face down 150,000,000 armed households in person when you can dash off an email cc'd to 1500 bank presidents? Actually thats not what Cyprus did The bank failed After some ridiculous pontificating... they decided to Honor the Deposit guarantee scheme which they should have done in the first place. What should have happened under that scheme is every amount over the the Maximum guaranteed should have been lost as the bank was allowed to fail instead the Gvt went on to only say 10 to 40% would be lost. Note the gvt didn't get a cent of the money the failing banks got it! Report this Post to the Staff
jack jeckel Pillar of the Community United States 5208 Posts	Posted 03/30/2013 10:43 pm The only money I keep in banks is the minimum required to get boxes from them. I tried to buy some ammo the other day and all of the shelves were empty at 3 outlets. I finally have enough 40% halves to sell to fund a new toy but alas silver is down. Report this Post to the Staff
fistfulladirt Pillar of the Community United States 4333 Posts	Posted 03/31/2013 11:19 am Why would they need to come after the gold, when they can just virtually "print" billions of dollars a month, like they've been doing. When I listen to LED ZEPPELIN...so do my neighbors... Roll hunting since '77 Dirt fishing since '72 Report this Post to the Staff
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