H BuySell περνάει στην αντεπίθεση και τα χώνει στις κυπριακές τράπεζες (για δικό τους όφελος φυσικά).

Έλαβα σήμερα το εξής e-mail. Είναι λίγο μεγάλο αλλά έχει ενδιαφέρον για όσους ασχολούνται με την οικονομία.

What the Cypriot banks do not want you to know?

Your valuable cash or bank deposits are just a piece of paper or a worthless number on your bank statement and is not guaranteed that can be converted to the things you dream for.

From 2008 to 2011 we have seen a sharp drop in property prices averaging 25% for houses and 35% for apartments. In some cases, apartment prices fell 50%. All Cypriot banks are exposed to high risk of unsecure loans because of the drop in property prices. Most of the mortgages done from 2003 to 2008 are in extremely high risk because mortgages are higher than the actual property value. Banks contributed to the sale of thousands of so called investment properties which were extremely overpriced. But, the bubble burst and banks are left in the cold and investors are locked in.

A further reduction in property prices can be catastrophic for banks.

If they put pressure on developers and home owners to pay their mortgages, the developers and home owners will need to decrease prices even further in order to sell. This will cause the whole system to collapse since mortgages will be much higher than the actual mortgaged properties and no one will be willing to pay a €400000 mortgage for a €200000 property, for example.

What you can do if you have a mortgage higher than the value of your property?

The best option would be to renegotiate your mortgage. Banks have created the bubble and now banks must absorb the cost.

How likely is it for Cypriot banks to collapse?

Some Cypriot banks can collapse in one night if people decide to stop paying their mortgages or if people decide to withdraw their deposits. The government will try to save the situation but if more than one bank follows the collapse chain nothing can stop it. But if you have deposits, you should be psychologically ready to lose your money, unless you protect your wealth with some smart moves. You should always know that cash in the bank is very vulnerable. If your bank collapses, your valuable lifetime deposits will disappear.

Think again! Your valuable cash or bank deposits are just a piece of paper or a worthless number on your bank statement and is not guaranteed that can be converted to the things you dream for.

Banks are just tricking you to keep your deposits and pay your mortgage payments because this is how they make money.

If governments decide to print new money, your valuable deposits will be worth much less or nothing.

See what inflation looks like

Inflation in Zimbabwe – Pictures

http://www.financialjesus.com/financial-crisis/inflation-in-zimbabwe-pictures-2/

Inflation in Germany and what it would look like in America

http://moneytipcentral.com/inflation-in-america-what-will-hyperinflation-look-like

What should you do to protect your cash and bank deposits?

Keeping your wealth in money and cash is a bad decision. There are only two options, either you buy gold and or you buy property. Gold at the moment is expensive and difficult to keep safe and secure. On the other hand, buying property is the safest bet because you can find bargain properties at the moment and whatever happens with money and inflation, the property will adjust its value to the market conditions. A property will secure your wealth in case of a bank collapse or hyperinflation effect.

Money as debt – no actual money exist, all is an illusion!

We all know that property prices go up when there is demand. Demand for property is created only by an increase in population.

Is world population growing? The answer is YES, very fast.

It so shocking, please see video below:

The Most IMPORTANT Video You’ll Ever See

If you think that your money in bank is safe then think twice. Many people’s hard earned lifetime saving were lost. People tend to think that they have wealth but suddenly they found out that they are just left with a piece of a paper with a number on it. Lehman brother’s bank collapse was just one of the many cases.

Pissed Off Woman In Line At IndyMac Bank in Encino
Northern rock bank collapse, people’s queue

Please drop me a line, what do you think.

And the last one thing to know:

The safest way to keep your wealth is NOT HAVING MONEY IN THE BANK!

Invest in economic sectors that can raise their prices or adjust their value as the prices increase.  Treasury Inflation-Protected Securities (TIPS), commodities (like oil and metals), and real estate are generally safe bets keep your wealth.

Please drop me a line, what do you think.

Kind regards,

Chris Hajikyriacou
Sales Director
info@buysellcyprus.com

Δεν είμαι ειδικός σε οικονομικά θέματα αλλά τα δικά μου σχόλια είναι τα εξής:

• Η BuySell τα βάζει με τις τράπεζες με αυτό το e-mail. Σίγουρα θα ακολουθήσουν αντιδράσεις.
• Λέει το e-mail ότι οι κυπριακές τράπεζες μπορούν να καταρρεύσουν σε μια νύχτα. Αυτό νομίζω είναι δύσκολο να γίνει επειδή απλά ο κόσμος έχει εμπιστοσύνη στις τράπεζες και έχουν και κάμποσα λεφτά ακόμη (αποθεματικό το λένε αν δεν κάνω λάθος).
• Η εισήγηση του e-mail είναι να αγοράσουμε ακίνητα. Ισώς η αξία της γης να μη πέσει ποτέ αφού η γη δεν μπορεί να αυξηθεί (σταθερή προσφορά). Αλλά η BuySell πουλάει και πάρα πολλά διαμερίσματα και σπίτια. Σε αυτά έχει μειωθεί η αξία τους, αλλά δεν υπάρχει καμία εγγύηση ότι η αξία τους δεν θα μειωθεί και άλλο και ότι μια επένδυση σε σπίτι ή διαμέρισμα είναι μια ασφαλής επένδυση.

Αυτά. Θα ήθελα να ακούσω τη γνώμη σας (ίσως τη γνώμη και ατόμων που γνωρίζουν περισσότερα απο εμένα) στα σχόλια…

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