[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Mail]  [Sign-in]  [Setup]  [Help]  [Register] 

Good Morning everyone my name is Devil Anse

Court Allows Jewish Prayer on Temple Mount

Alabama Supreme Court orders halt to same-sex marriages

Let us look at the law re: Clinton Emails

Alabama Supreme Court Orders Judges to Stop Gay Marriages

Ted Cruz: GOP leadership planned to cave on Obama’s illegal amnesty all along

South Florida Man Charged With Growing Marijuana, Found Not Guilty (Jury Nullification)

167 REPUBLICANS REBEL AGAINST BOEHNER, SPEAKER RAMS THROUGH BILL TO FUND OBAMA AMNESTY WITH DEMOCRAT VOTES

Nitrogen gas executions approved by Oklahoma House

W.Va. Senate OKs bill to allow concealed carry without permit

California Homes Raided in Investigation Into Chinese ‘Birth Tourism’

Stoner rabbits will run amok if Utah legalises marijuana, DEA agent warns

Hillary Clinton Sent Every Official Email as Secretary of State from a Private Account

Boehner: Pass Clean DHS Bill Today

Exclusive: GA Poll Shows Scott Walker Leading Field, Rand Paul at 4 Percent (Huck 2nd, Bush 3rd)

Feds raid Texas political meeting

You can get free pancakes at IHOP today

Duck Commander Phil Robertson’s CPAC speech was viral in so many ways

BOEHNER, PRIEBUS EX-CHIEFS OF STAFF AIR ADS TO PRESSURE CONSERVATIVES RESISTING EXECUTIVE AMNESTY

The Sad Plight of Jihadi John

The 21 Foot Rule

We Grow More Equal as Technology Dematerializes the World

Father’s Day as Hate Speech? Feminism, Gay Rights Contribute to Fatherlessness, Experts Say at CPAC

Israel, Iran and Obama all accuse each other of lying about nuclear deal

Trump: I'm the Only One Who Can Beat Hillary

Maybe it’s time to elect a senator rather than a governor

Most young Republicans support legalizing pot (63%)

Booting from flash drive (Win 7 - XP)

An open letter to RNC Chairman Reince Priebus regarding his comments at CPAC (Republican Liberty Caucus)

Live broadcast : Benjamin Netanyahu to speak to AIPAC (10am EST)

Americans Favor Legalizing Pot and Criminalizing Congress

Republicans seek coveted Benjamin Netanyahu speech tickets from boycotting Democrats

IN MIDST OF WAR, UKRAINE BECOMES GATEWAY FOR JIHAD (ISIS Helps American Backed Ukraine)

Ted Cruz spills secret of GOP amnesty sabotage

Obama Threatened to Shoot Down Israeli Jets Attacking Iran

Chicago's first black major league baseball player Minnie Minoso dies, age 90

‘No You’re Not!’ Former NSA Chief Heckled for Calling Himself a ‘Libertarian’ at CPAC

The National-Security State’s ISIS Racket

ISIS

Scott Walker's legislative years: A staunch conservative, then as now

Russia Could Make China King of the South China Sea

Attempt tp smear Scott Walker blows up in media's face

Jeb Bush’s Greatest Liability (Aside From His Immigration Enthusiasm) May Be His Wife

How a [vaccination] jab plunged my life into madness

Why Iran Believes ISIS is a U.S. Creation

The Malaria Project

Politically biased headlines

Who Gets Food Stamps? White People, Mostly

Scott Walker: God's Gift to the Democratic Party

Bill Gates EXPOSED! Wants Depopulation Through Vaccines [CO2/Global Warming Excuse For Depopulation]

Venezuela to shrink US Embassy staff, require Americans to apply for tourist visas


Status: Not Logged In; Sign In

International News
See other International News Articles

Title: Greeks Rush the Banks; Lines Form at ATMs; Nearly $1 Billion Withdrawn in Past Week
Source: [None]
URL Source: http://www.shtfplan.com/headline-ne ... ithdrawn-in-past-week_05152012
Published: May 16, 2012
Author: Mac Slavo
Post Date: 2012-05-16 18:19:39 by Capitalist Eric
Keywords: None
Views: 2283
Comments: 16

Without a government for the last eleven days, and amid mainstream discussion of a Euro Zone exit, the Greek people are realizing that the economic and political system as they know it is rapidly descending into chaos.

With massive jobless rates that have forced many into bartering to survive, and facing credit destruction across the entirety of the country that has led to shortages of critical supplies like life saving medicines, those with any money left at national banks are taking the desperate step of withdrawing as much of their savings as they can from a banking system on its last leg.

This is what it looks like when a populace plagued with uncertainty finally loses trust in the credibility of their country’s leadership and financial system.

Anxious Greeks have withdrawn as much as 700 million euros ($893 million) from the nation’s banks since the inconclusive May 6 election, President Karolos Papoulias told party leaders yesterday, according to a transcript of the meeting posted on the presidency’s website today. Papoulias said he got the information from the head of the Bank of Greece, the central bank, George Provopoulos, according to the transcript.

Via Zero Hedge

Greeks line up at ATM’s across the country to withdraw cash:

As has been said before, Greece is the canary in the coal mine.

The debt has piled up across Europe and the United States. Like the Greeks, Americans will soon hit a breaking point from which there will be no return. When it does finally happen you can be assured that your local ATM’s and banks will be inundated with panicked depositors attempting to take possession of as much of their money as possible.

But once the lines start forming it will be too late. Banks will have no choice but to limit withdrawals and close their doors (even to safe deposit box owners), because they will not have enough cash on hand to meet demand.

The choice is simple: Either prepare now and have physical assets in your possession, or join the crowds and hope the government will come up with a solution to the massive outflows that will ensue when the bank run begins.

Considering the madness we’ve seen when people can’t get their hands on a Black Friday discounted Xbox or flat screen TV, our guess is that any solution the government puts forth to deal with the anger and frustration of people who can’t access their money will involve something like this:

(3 images)

Post Comment   Private Reply   Ignore Thread  


TopPage UpFull ThreadPage DownBottom/Latest

Begin Trace Mode for Comment # 6.

#2. To: Capitalist Eric (#0)

So when are we going to see this coming here. You seem to know its coming . If so why can't you tell us when?

NewsJunky  posted on  2012-05-16   18:32:41 ET  Reply   Untrace   Trace   Private Reply  


#3. To: NewsJunky (#2)

Sure I know it's coming. A LOT of us know...

As to when, I was actually expecting it back in 2008, but I clearly underestimated the depravity that the Keynesians would stoop to, to cover up their crimes...

No way to know exactly when, bubba... I've seen estimates of 3-6 months, with other sources (that I know are credible) saying 12/31/12, when the U.S.A. encounters what they're calling the "Financial Cliff." Google it, you should find a lot of interesting data.

There are far too many variables to make such prognostications meaningful. My wife was commenting on this just two nights ago, saying "I wish we could know what will happen in the next year..." Of course, if I knew that, I'd have already bought a winning lottery ticket.

The US Government knows it's coming soon, due to their enactment of the draconian executive orders, the NDAA, and other disturbing things like buying 450 million rounds of hollow-point .40-cal ammo. [I told a friend of mine- a retired general- about this, and you should have seen the look on his face... he was completely unaware of these latest developments.]

"When" is the #1 question, these days... ((( sigh )))

Capitalist Eric  posted on  2012-05-16   19:19:24 ET  Reply   Untrace   Trace   Private Reply  


#4. To: Capitalist Eric (#3)

There are far too many variables to make such prognostications meaningful.

Exactly.. That's why I don't take your predictions about imminent doom seriously.

NewsJunky  posted on  2012-05-16   19:36:09 ET  Reply   Untrace   Trace   Private Reply  


#6. To: NewsJunky (#4)

Exactly.. That's why I don't take your predictions about imminent doom seriously.

Translation: BAAAAAH. BAAAAAH. Munch, munch, munch....

Capitalist Eric  posted on  2012-05-16   19:51:40 ET  (1 image) Reply   Untrace   Trace   Private Reply  


Replies to Comment # 6.

        There are no replies to Comment # 6.


End Trace Mode for Comment # 6.

TopPage UpFull ThreadPage DownBottom/Latest

[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Mail]  [Sign-in]  [Setup]  [Help]  [Register] 

Please report web page problems, questions and comments to webmaster@libertysflame.com