whoop whoop

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whoop whoop

Postby GTFO. kk20 » 16 Jun 2011, 13:41

Greece is falling to bits and if they default then Belgium will be next (as they invested a lot of their pension funds in Greece) along with many companies.

This is shitty for Greece and Belgium but great for me as I need a decent exchange rate for my holiday in July. Watch that GBP:euro soar. I'd buy at 1.17, the government will have collapsed by then and the germans forced a soft default.

KK20 has set the price.
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Re: whoop whoop

Postby GTFO. fission_chips » 16 Jun 2011, 14:29

Nicely done. I think this will help me on my travels later this year also!

Now I just need for the NZ Dollar to shit itself so I can send money home.
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Re: whoop whoop

Postby GTFO. G » 16 Jun 2011, 16:58

Not sure it will be that big kk20, the UK will provide in the bailout.

I do hope you are right though, need to get some € for traveling soon myself.

Chips, NZ dollar will prob strengthen if anything :?
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Re: whoop whoop

Postby GTFO. Luckyg » 16 Jun 2011, 17:28

hope everything goes massively tits up in the next week as i'm off to cyprus at the beginning of the month! :D
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Re: whoop whoop

Postby GTFO. fission_chips » 16 Jun 2011, 17:29

You'll probably see loads of tits up.
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Re: whoop whoop

Postby MissFranky » 16 Jun 2011, 18:11

GTFO. kk20 wrote:Greece is falling to bits and if they default then Belgium will be next (as they invested a lot of their pension funds in Greece) along with many companies.

I strongly deny this claim!
Only one tiny bank and a few villages have invested in greek funds. Belgium isn't big, but it isn't THAT small either. This will have very little impact on Belgium. This is the same scenario as the UK and Icelandic banks...
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Re: whoop whoop

Postby GTFO. kk20 » 16 Jun 2011, 21:14

dexia alone has an estimated 3.5bn invested in toxic greek bonds. Thats 39% of its declared assets.
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Re: whoop whoop

Postby GTFO. Gash » 17 Jun 2011, 00:29

its still not going to jump the amount ur hoping for kk, and i very much doubt beligum will be next... most likely IF there is to be one after greece, it'll be the likes of Spain or Portugal..

and anyway, the amount you'd be converting its not going to make that much a difference... however every little counts at the same time...
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