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post #1 of 7 (permalink) Old Mar 12th, 2010, 10:55 pm Thread Starter
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Crisis

how are you guys doing there, regardless location? here stupid gov. keeps country running with money from imf and plans to raise taxes. crisis not over yet. greece is bankrupt, few other eu countries not well either.


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post #2 of 7 (permalink) Old Mar 13th, 2010, 2:03 am
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Starting to see a little recovery, but the banks are really chinzy on interest (<1%)when they have your money, but they want 30% interest when you want theirs.
As for the government, they're really good at smoke and mirrors. I personally am not sure what they're doing in a positive light.



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post #3 of 7 (permalink) Old Mar 13th, 2010, 6:53 am Thread Starter
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30%???? never heard about such interest. as old customer bank renew my company credit line in us$ with libor+4%, that's 4,23% now. standard interest for us currency is around 7.5%. they pay 2-4% for your deposits.


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post #4 of 7 (permalink) Old Mar 13th, 2010, 1:54 pm
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recession

Cooking with gas here. Never had a recession. Financial gurus claim this is where to put the smart money. Come on over. Prefer black Muslims, easy access via Indonesia in a leaky boat. Then we will give you a house and furniture. You can sell the furniture whilst waiting for your welfare payment.
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post #5 of 7 (permalink) Old Mar 15th, 2010, 8:05 am
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Saving's accts. <1%. Credit card 11% to 33% (one day late since they took the ability to pay Visa off the ATM machine and it tripled! ). CD's <3%. Pretty sad.

Worse is credit card and ATM harvesting. Buddy at work had $11K swiped out of his checking/savings account. I've got someone using my ATM card in Europe for the past 4 months. Some guy was on the street corner with a fan of what appeared to be ATM cards in each hand.

Another scam playing out here is a guy who has 3-4 phones around the country sharing the same (his) SIM info an he's getting the bills for all of them. Seems you can buy a SIM read/writer for "backups" for $19.95 and blank cards for $2.50 and have a field day making "backups."

Of course, the 15 minute 'citizenship' business is doing real good and they are getting pretty brazen about it in Los Angeles.



Easier still, ignore the cards and ID altogether and fly under the tax radar for free. No license. No insurance. No taxes. Free health care. No worries.


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post #6 of 7 (permalink) Old May 13th, 2010, 10:25 am
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Doru, who is next after Greece?

what does the situation look like in Romania?

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post #7 of 7 (permalink) Old Jun 2nd, 2010, 12:16 am
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Hey Doru,

I migrated into Australia a couple of years ago (from Romania). Wages and pensions were reduced back there.

The idiots from government are borrowing money because they cannot pay the principal+interest on previous borrowing contracts from IMF.

Greece was in the same situation. Lucky with Germany and France who help it.

In Australia banks and funds who invested money in Asian market were OK. But usually portfolio was divided (USA, ASIA,...). For example my superannuation lost money last year.
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