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Greece Looking To Be Greased

ATHENS — Retirees throughout Greece mobbed banks as they tried to withdraw a maximum of 120 euros ($134) in pension payments on Wednesday, as the country teetered on the brink of economic collapse hours after an international bailout expired.

Emotions ran high outside a Piraeus Bank branch in downtown Athens as some 60 customers jostled impatiently after waiting for hours in the sweltering sun.

“This is humiliating,” said Athanasios, an 80-year-old former army officer. “I used to receive a monthly pension of 1,500 euros and now I have to line up for hours to receive 120? This is unfair.”  (in part from The Ultimate Answer To Kings)

I’m reminded of the junior high boy’s joke about the guy being forced to slide backwards down a giant razor blade (using his b***) for brakes, and landing in a bucket of iodine.

And like dominoes, I fear Greece is only the beginning.

Our own government has already made noises about ‘acquiring’ 401k funds, and pensions, and increasing both the amount and items/services being taxed.  And other banks in the World have ‘acquired’ ATM funds and savings of individuals!

The long slide is beginning, my friends, and unless you live largely off the grid in the middle-of-nowhere, bartering gold coin, ammo and water (Joel?), you (we) are in for a wild ride.

If anyone out there thinks bread lines, runs on banks and gas rationing are not in our future, I’d like to heard your predictions.

And ‘domestic violence’ as a result?  A forgone conclusion, I’m afraid.

I truly hope I am completely wrong.

Yep.  This is unfair.  But no one said Life would be.

doom

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About guffaw1952

I'm a child of the 50's. libertarian, now medically-retired. I've been a certified firearms trainer, a private investigator, and worked for a major credit card company for almost 22 years. I am a proud NRA Life Member. I am a limited-government, free-market capitalist, who believes in the U.S. Constitution and the Rule of Law.

Discussion

7 thoughts on “Greece Looking To Be Greased

  1. It’s been said before, but bears repeating: if it’s not in your possession, it’s not truly yours. You want your money? Take the cash out of the bank. A piece of paper with numbers on it isn’t legal tender, and may literally not be worth the cost of the toner they used to print it.

    Posted by Rev. Paul | July 2, 2015, 8:43 am
  2. The question is, how to do that without getting nailed for taxes, especially on a 401K…

    Posted by Old | July 2, 2015, 10:30 am
    • And, in my view, the larger question of how do we keep our money (savings, 401K, pensions, SS) without the government STEALING IT OUTRIGHT!

      Posted by guffaw1952 | July 2, 2015, 10:36 am
      • I’ve been nervous about this issue for a couple of years. We’ve looked in to paying off our mortgage with my 401K, but between early withdrawal fees (I’m only 57) and putting us in a higher tax bracket, we’d end up paying TWICE the balance of the mortgage. I really hate that the government is salivating over my little bit of retirement money. It’s pretty clear that all I’ve put in to Social Security is not going to be available to me.

        Posted by chipmunk | July 2, 2015, 2:52 pm
      • Scary stuff.

        Posted by guffaw1952 | July 2, 2015, 4:17 pm
      • Hey, there’s always hope (?)

        Posted by guffaw1952 | July 3, 2015, 8:22 am

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