My Country Bankrupted!

greenline said
On the other hand, if I will be in this situation ever, the first time I will hear of such plans of taking money from people deposits to guarantee the country’s debits, I will withdraw my money when it’s still possible and I will buy gold. Buying gold with your money it’s the safest thing to do when your country has economical difficulties.

I’m not sure about that. Not the place here to discuss this in details but I’ve checked this gold buying option and you are actually losing a lot of money when buying gold as a private citizen.

Off course at least you have something left in your hands instead of printed paper. But this means the system has crashed and having some gold may be the least of your problems.

Maybe I’m wrong, but as I see it, it’s not bankruptcy, it’s only cash flow insolvency at this moment!

VF said
I guess having a farmland with some basic agricultural skills is the best strategy, isn’t it?

Already do Bought with Envato money (not from this account). If everything fails i can always go there and produce enough for living.

Now that Cyprus is failing, it won’t be long before people from around the World get worried and start withdrawing their money from banks, there won’t be enough money, everything will fail.

So sorry to hear about this. Our prayers are with you

Oh man! That really sucks. It’s a very sad situation I feel sorry for you. I hope that your govt. recover soon enough. I myself am never so bright when it comes to economics and am just taking advice from my dad and investing all money in land and housing.

VF said
Can anyone explain why this thing happened in 2-3 lines? Sorry I am lazy I guess having a farmland with some basic agricultural skills is the best strategy, isn’t it?

Greetings from Greece, all Greeks are on your side and pray for you!

Fortunately you’re united and you’ll find a solution soon, unlike us…

I hope all best for you!

I’ve always been against printing money but I guess this is the downside of not being able to. Hope things get better for you guys. We’re headed in the same direction here in the U.S., unfortunately most of our politicians don’t have the guts to do anything about it.

Well, maybe most of the politicians know something and they are preparing for something like …social revolts, maybe? http://www.forbes.com/sites/ralphbenko/2013/03/11/1-6-billion-rounds-of-ammo-for-homeland-security-its-time-for-a-national-conversation/

That’s sad As some people pointed: this can hapenned to any country. I hope you may find a solution soon.

Oh that’s a very bad news.