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  • SNB considers capital controls if euro falls apart

    From reuters.com

    Switzerland is drawing up plans for emergency measures including capital controls in case the euro collapses although it does not expect to need them and will continue to defend a cap on the franc in the meantime, the head of the central bank said. "We must be prepared just in case the currency union collapses, although I don't expect that," Swiss National Bank President Thomas Jordan, who predicted the euro zone crisis in his 1994 doctoral thesis, told the SonntagsZeitung newspaper. Jordan said a group set up by the Swiss government to consider possible scenarios in the case of a euro break-up was focusing on ... (full story)

good.
@moaf sorry, what its mean good?
yeah, eveyone in EUROPE just care about them self..,
good is not bad
Moaf, Ndralounge read between the lines, please take a few moments and watch this documentary at http://topdocumentaryfilms.com/catastroika/ . I think you will appreciate and understand the situation in light of the information contained therein. If you still do not understand what is going on it is this. SCARE-MONGERING, the tactics have been used over and over again, so called credible organisations putting out such information is only for one reason and one reason alone. All of the greek assets will be sold off at firesale prices. Greece will not leave the EURO and they will pay for it for decades to come. Quite possibly there could be a mass exodus from Greece to other European countries.
"Greece will not leave the EURO and they will pay for it for decades to come. Quite possibly there could be a mass exodus from Greece to other European countries."


Agreed. Years from now we will clearly see the forced destruction of a middle class in almost every country where fiat $ rules...wait, that's everywhere! The end of our (debt=money system) is going to be painful for most everyone in the world. If all you have to rely on is paper, you have more problems than you think
When it comes, SNB will cry fool with it. SNB doesn't have any efficient plan to deal with it.
They will pillage that country for all its resources and real estate. Whether Greece exits the EU or not doesn't even matter. There are negative sentiments being propagated in the media for both arguments. I even heard on one news broadcast that, its a possibility they are going to kick Greece out of the EU over the weekend WTF? that what we call, stirring the pot with a big spoon.

There will be bullish movement as intra-day speculators take profits or so called "good news from the EU scenarios" start propagating in the media but overall sentiments for the EUR will bearish for a long time.

Its called CAPITALISM
Quoting bigslice54
"Greece will not leave the EURO and they will pay for it for decades to come. Quite possibly there could be a mass exodus from Greece to other European countries."


Agreed. Years from now we will clearly see the forced destruction of a middle class in almost every country where fiat $ rules...wait, that's everywhere! The end of our (debt=money system) is going to be painful for most everyone in the world. If all you have to rely on is paper, you have more problems than you think
Id rather rely on Guns and survival tactics than paper
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  • Posted: May 27, 2012 7:20am
  • Submitted by:
     Newsstand
    Category: Medium Impact Breaking News
    Comments: 9  /  Views: 3,301