@Vitaliy I agree, but yet, it depends also on who and how is running the state. Unfortunately, we come back to politics(left, right, center ; ) and if you have a "little" time : )

@Vitaliy "My position is simple - ban all cash. Next - nationalize all private banks" amen!

finally i can figure out your position on some issues ;)

Just one problem though, again is the human factor...Greed will creep in sooner or later. I have seen it before. But seriously, in a moment like this, a little bit of state regulation and taking the matter in its own hands(the state) . Otherwise we might see a failed ones. About Greece, people might come to their senses and stay within the euro even if the measures prosed are totally unfair and the one responsible for the mess are not going to pay for it(again and again...). And a "safety valve" proposition is to nationalize for a limited period of 3-5 years most of the petrol companies in Europe. Immediately cut down price, at least the extra percentage of speculation. Reduce the stock exchange margins in the trading of oil.(ok maybe dreaming here, i do realize nobody has the balls to do this and even if he/she does, their life span expectancy will be reduced greatly:\

In some places in Europe the gas is at almost 2 euro per litter! make this 1,50- 1,20 and a big boom in spending will come back resulting in all kinds of growth in this credit based(menace) economy/society.

Why is media not reporting the withdraw form the banks? well,maybe its better this way or we might directly go into the 1930s and a few precedents before, due to the media frenzy.

on personal note, i am broke, so can i get more broke and how do i transfer my zero euro to a safer bank,hm? ; )

@subco this is my only capital as you suggested.

Here's a great BBC documentary on Euro debt crash

So if this is true how long till a total financial system collapse? People are withdrawing physical cash or just transferring over to overseas banks? The implications of both are a little different.

spanish withdraw has happened after they nationalized bankia it is one more fraud of our goverment... the president of bankia, rodrigo rato, used to be minister of economy of their previous popular party goverment 8 years ago.. supossed to be a genious.. just like his father and older brother who went to jail years ago for ruining two banks... just like his grandfather who went to jail before for monetary fraud We are ruled by thieves.. not just spain.. all of us... awake

@Vitaliy_Kiselev If you don't understand that money (or more specifically, the money supply M2 or M3) is largely based on a fictitious multiplier of bank debt, then please allow me to educate you

Next - nationalize all private banks.

That doesn't automatically solve many problems. In Germany, half of the banks that suffered most from crisis were national state banks.

http://www.spiegel.de/international/business/0,1518,536635,00.html

But they came into that situation by heavy mismanagement. I tend to nationalize private banks too, but management is crucial.

Germany has a choice. Accept that Italy and Spain receive large amounts of money borrowed by the ECB. Drastically change approach: to give hope to these countries, mainly to Spain, they must be given the opportunity to borrow at low interest rates and have a higher rate of inflation to adjust prices. Or ...

Chancelor Merkel wants to keep to austerity at all means. Her party just lost elections of the most important state in Germany to the socialists. France's new socialist predisdent Hollande and German socialist party SPD want to change Euro politics, trying to create income as well for struggling countries instead of just austerity- meaning more investment. Austerity alone will bleed Greece and other countries to death over time. I'm German and don't like to see Greek newspapers calling Germans nazis and showing Merkel in Nazi uniforms - but I can totally understand it. I hope election of Hollande will be a strong signal.

Even a 12 year old girl knows that money is simply other people's debt, and it's a means of enslaving us.

http://www.zerohedge.com/news/12-year-old-girl-crushes-canadian-and-american-dream

Even my grandmother after the World War II, has traded with barter. She went to the shop and gives eggs for other food.. Not big trade but if you don´t have to eat.. About gold, the story shows that maintains the value, coin not, look at the hyperinflation in Germany in the 1923, or at the picture who a men mop the floor the paper are coins.. ;-)

I don´t mean Bitcoin itself, the idea behind it. It´s astonishing to see that we have the possibility to make something like this, could be that something like Bitcoin but completely free will come (like wikipedia, gimp, blender, linux..). However the fees I think Are not worst than that from paypal, and willing or not for some transactions is still needed (don´t know if paypal even takes fees for donations?)

It is very easy to prevent in mass scale.

How? A coin after the time who they was of gold is simply a paper accepted from people for trade. My 10€ coin is only a piece of paper, everything could be used for trade if people accept it for. If you are not suggesting a police state..

Why nationalize all private banks? What are for you the advantages?

As I'll have time I'll make long posts about it. To be short - such approach has huge advantages.

But this will never happen, barter, at least people coin another value

It is very easy to prevent in mass scale.

Never heard about BITCOIN?

I heard about it and checked almost since it's introduction. It is just made and supported by people who make money on it. Otherwise it is just useless thing.

It's almost impossible to imagine any sensible solution to this economic mess

I'll try to post my solution to this mess :-) It is quite original.

Of course if you have spare money, you buy more camera equipment.