{"id":1983,"date":"2011-11-03T13:01:50","date_gmt":"2011-11-03T17:01:50","guid":{"rendered":"http:\/\/acro.net\/blog\/?p=1983"},"modified":"2011-11-03T13:10:28","modified_gmt":"2011-11-03T17:10:28","slug":"speculators-lose-a-fortune-betting-on-greek-matters","status":"publish","type":"post","link":"https:\/\/acro.net\/blog\/speculators-lose-a-fortune-betting-on-greek-matters\/","title":{"rendered":"Speculators lose a fortune betting on Greek matters"},"content":{"rendered":"<p>Got to love domainers and their opinionated one liners: Greece is finished! It&#8217;s Greece&#8217;s fault! Greece out!<\/p>\n<p>As a Greek transplant in the US with family in Greece, I have the advantage of being more objective than those that rely on spectacular media photos and television mumbo-jumbo in order to form an opinion. Like a modern life Colossus of Rhodes, I actually have one foot planted in Greece and another in the US. I don&#8217;t rely on canned journalism to understand what is going on with Greece.<\/p>\n<p>Allow me to elaborate.<\/p>\n<p>A fine example of what happened with the so-called &#8216;Greek debt&#8217; is this: someone registered the domain name <a href=\"http:\/\/domaintools.com\/GreekReferendum.com\" target=\"_blank\"><strong>GreekReferendum.com<\/strong><\/a> a couple of days ago. They did so based on the speculation that Greece would hold a public referendum of major importance.<\/p>\n<p>Unfortunately, the same person &#8211; <em>the Greek prime minister George Papandreou<\/em> &#8211; who came up with this &#8216;brilliant&#8217; idea, decided to retract it, citing reasons of national interest when in fact he succumbed to public outrage from Greeks and Europeans alike.<\/p>\n<p>So our &#8216;investor&#8217; who registered GreekReferendum.com just lost $10 or so, as the domain is with GoDaddy.<\/p>\n<p>While this amount is miniscule, it represents the same notion that was followed by US banks such as Chase Manhattan and Golden Sachs with regards to Greece: by investing in national bonds of debt, they then turned around and lowered the credibility of Greece, creating the global financial chaos and social misery that Greece is now blamed for.<\/p>\n<p>Investing $10 in a domain name that is based on <strong>sensationalist news<\/strong> is an example of <strong>bad investment.<\/strong><\/p>\n<p>On a larger scale, banks and institutions need to stop playing these speculation games on the backs of nations. As the <a href=\"http:\/\/occupywallst.org\/\" target=\"_blank\"><strong>Occupy Wall Street<\/strong> <\/a>movement increases in momentum, it&#8217;s clear that the &#8220;suits&#8221; that attempt to unbalance the world from behind the Manhattan offices will soon face their own music.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Got to love domainers and their opinionated one liners: Greece is finished! It&#8217;s Greece&#8217;s fault! Greece out! As a Greek transplant in the US with family in Greece, I have the advantage of being more objective than those that rely on spectacular media photos and television mumbo-jumbo in order to form an opinion. Like a [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[26,3],"tags":[712,632,710,711],"class_list":["post-1983","post","type-post","status-publish","format-standard","hentry","category-business","category-domains","tag-domain-speculation","tag-greek-domainers","tag-greek-referendum","tag-greekreferendum-com","entry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Speculators lose a fortune betting on Greek matters - Acro.net - A Domain Investing Blog by Theo Develegas<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/acro.net\/blog\/speculators-lose-a-fortune-betting-on-greek-matters\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Speculators lose a fortune betting on Greek matters - Acro.net - A Domain Investing Blog by Theo Develegas\" \/>\n<meta property=\"og:description\" content=\"Got to love domainers and their opinionated one liners: Greece is finished! 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