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Slovenia Bank Bailout

Discussion in 'BlackHat Lounge' started by steelballs, Apr 12, 2013.

  1. steelballs

    steelballs BANNED BANNED

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    Slovenia Bank Bailout

    [​IMG]

    The head of Slovenia's largest bank backed a government estimate of around 1 billion euros to recapitalize the country's three main lenders

    Read more: http://www.foxbusiness.com/news/2013/04/12/slovenia-biggest-bank-backs-1-billion-euro-recapitalization-figure/#ixzz2QH3vqkD2

    What has this got to do with IM? Well there are 2 million people that live in Slovenia who are potentially going to have their bank accounts seized to pay off loans that Slovenia will be receiving from Europe and the World Bank to bail out the beleaguered Slovenian economy?

    The downside possibilities are that another 2 million people or so will be struggling meaning Internet sales will slow and in some vertical markets dry up?

    Box clever when you are trading full time in IM, because you need to be aware what is going on in financial markets around the world, so you can target your sales location areas.
     
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  2. phracktl

    phracktl Regular Member

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    Steelballs:
    They've been after Slovenia's national bank for years: ripeness is all.
    Many more bail-ins to come. How to prepare for them all?
    Sir Merv foretold all in a little noticed speech in Dec2012 (remember that Mayan thing?Coincidence?)
    You can watch it here. Its also at BoE site.
    http://www.c-spanvideo.org/program/309868-1
     
  3. steelballs

    steelballs BANNED BANNED

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    Yes thx phracktl you are right but now the Cyprus bailout has gone pear shaped owing another 6 billion...

    Hence they are looking for another sacrificial lamb to pull into the mix and Slovenia is ripe for raping by the loan shark aloof politicians and international bankers...
     
  4. innozemec

    innozemec Jr. VIP Jr. VIP

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    Too bad to hear that for all Slovenians :(

    Apparently this won't be the last banking shit in the EU. First was Cyprus, next Slovenia..
     
  5. blackouts

    blackouts Regular Member

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    Indeed, this is just the beginning ... Everybody wanted to be part of the eurozone, i'm beginning to suspect that most of these low economic countries only entered the euro zone to get their "bailouts" afterwards ...
     
  6. mojstermiha

    mojstermiha Regular Member

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    How many people in this thread actually lives in Slovenia?:)

    Internet niche sales + Slovenia don?t mix. People almost never use credit cards. Ad revenue sucks, purchase power is low, small market....
     
  7. phracktl

    phracktl Regular Member

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    I currently live next door ;-)

    You're right of course in IM terms. I think Steelballs point was that this may be coming to a country near you soon

    Slovenia, Portugal, Spain, Italy, Canada...

    In the vid-link I posted Sir Merv basically said in Dec2012 that they have a level of cooperation now to achieve bail ins wherever needed.

    So, payment disruptions could become a norm in these countries. Not much anyone can do about it, except keep operating capital to a minimum

    Cant find the story now, but there was a small dev shop on Cyprus that lost ~700k in the bail in. Ouch
     
  8. ReALeST

    ReALeST Power Member

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    folks if u havent yet bought BTC its time to NOW!:)
     
  9. kideze

    kideze Elite Member

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    It does matter and to be honest all these bailouts matter. We need to keep a watchful eye on our money because any day it can be seized. Think about what happen during the depression..
     
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