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Author Topic: Time to withdraw your EURO and get rid of it.  (Read 792 times)
speeder
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June 28, 2011, 12:05:02 PM
 #1

Greece protesters are making a 48 hour strike, also things are turning violent and they plan in overthrowing their own government, and there are talks of causing bank runs in Greece with intention to force a default.

Protesters in other european countries seemly agree, even if partially.

As soon Spain get hit with shit, the Euro will crumble, as Spain is too big to be bailed.

So I suggest everyone with Euro to withdraw all of it and buy BTC, gold, cars, house, swiss money, whatever... Just do not hold it.

Yes, if everyone follow my suggestion a bank run will ensue... but rank run will ensue anyway, I am only suggesting to bitcoiners do it before everyone else, the last ones to withdraw usually are left without anything, you do not want to be the last one.


Also live feed of the protests and riots in Athens: http://www.livestream.com/stopcarteltvgr

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YoYa
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June 28, 2011, 12:51:04 PM
 #2

I only keep my debt in the Eurozone......maybe it's time to max out the Euro credit card* Wink

*not really a smart strategy.

BTCitcointalk
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speeder
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June 28, 2011, 01:15:35 PM
 #3

Maxing out debt is kinda risky...

Although you can open bank account in the ones with most greek, spanish, portuguese and irish contagion and get lots of debt there Tongue

Although kinda risky, if the bank does not go bankrupt you are screwed.

YoYa
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June 28, 2011, 03:16:51 PM
 #4

I'd be more betting on the value of the Euro collapsing.....

So say...

go out...buy a tonne of stuff on the cc at x amount of euros
wait.....value of euro drops....use my holdings of btc(or any other store of value) to pay back debt at a far better rate....
? ?? ??
Profit!!!

Wink

There would be a lot of if's running on this one... Smiley

Then again....could just play the same game of arbitrage on ebay against merchants who don't revalue what they are selling.

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.

█████████████████████████████
Program

❤️
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❤️
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