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Old 03-19-2013, 01:10 AM  
Bewbies Bewbies is offline
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The Great Cyprus bank robbery

Has nobody really brought this up? Huge news of a tiny little island being used as a beta test for the EU and the USA. (no tin foil hat needed)

http://theeconomiccollapseblog.com/a...-it-everywhere

Quote:
yprus is a beta test. The banksters are trying to commit bank robbery in broad daylight, and they are eager to see if the rest of the world will let them get away with it.

Cyprus was probably chosen because it is very small (therefore nobody will care too much about it) and because there is a lot of foreign (i.e. Russian) money parked there.

The IMF and the EU could have easily bailed out Cyprus without any trouble whatsoever, but they purposely decided not to do that. Instead, they decided that this would be a great time to test the idea of a "wealth tax". The government of Cyprus was given two options by the IMF and the EU - either they could confiscate money from private bank accounts or they could leave the eurozone.

Apparently this was presented as a "take it or leave it" proposition, and many are using the world "blackmail" to describe what has happened. Sadly, this decision is going to set a very ominous precedent for the future and it is going to have ripple effects far beyond Cyprus.

After the banksters steal money from bank accounts in Cyprus they will start doing it everywhere. If this "bank robbery" goes well, it will only be a matter of time before depositors in nations such as Greece, Italy, Spain and Portugal are asked to take "haircuts" as well.
http://theeconomiccollapseblog.com/a...tfolio-is-safe

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Many of you may be entirely convinced that the Great Cyprus Bank Robbery could never happen in America.

Well, where do you think this whole plan was dreamed up?

It was the IMF that reportedly pushed the hardest for the wealth tax in Cyprus, and the IMF is headquartered right in the heart of Washington D.C.

Almost every nation on the planet has to deal with the IMF. It is an organization that is dominated by the United States and that is always involved when there is an international debt crisis.

If the IMF thinks that it is a great idea to steal from bank accounts to solve a financial crisis in Cyprus, why wouldn't they impose a similar solution in other countries in the future?

And if bank accounts are no longer safe, are there any truly safe places to put your money?

You can trust the politicians when they tell you that an unannounced "wealth tax" will never happen where you live if you want, but that is the exact same lie that the politicians in Cyprus were telling their people until the day that it happened. The following is from an article in the Cyprus Mail...

And after all, President Anastasiades had emphatically declared in his inauguration speech that “absolutely no reference to a haircut on public debt or deposits will be tolerated,” adding that “such an issue isn’t even up for discussion.” Finance Minister Michalis Sarris made similarly reassuring statements, arguing that it would be lunacy for the EU to impose such a measure because it would threaten the euro system.
There's a ton of articles out there about this thing, will post from a news source in next post. I put these up for discussion sake. Background story coming...
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Old 03-25-2013, 09:58 AM   #31
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Phew! It's only 40% of your money if you have over 100,000 in the bank.

http://mobile.reuters.com/article/id...30325?irpc=932
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Old 03-25-2013, 02:42 PM   #32
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I have an aluminum foil hat. Does that count?
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Old 03-25-2013, 04:57 PM   #33
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I have an aluminum foil hat. Does that count?
That's not an argument.
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Old 03-25-2013, 04:58 PM   #34
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The luggage of Cypriots leaving are searched for cash.
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Old 03-25-2013, 05:16 PM   #35
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Coming soon to another Eurozone country near you...

http://www.telegraph.co.uk/finance/f...one-chief.html
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Old 03-29-2013, 08:07 PM   #36
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Big depositors in Cyprus to lose far more than feared
http://www.reuters.com/article/2013/...92G03I20130329

Quote:
Under conditions expected to be announced on Saturday, depositors in Bank of Cyprus will get shares in the bank worth 37.5 percent of their deposits over 100,000 euros, the source told Reuters, while the rest of their deposits may never be paid back.
Hello 3rd world Cyprus.
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Old 03-29-2013, 08:13 PM   #37
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Big depositors in Cyprus to lose far more than feared
http://www.reuters.com/article/2013/...92G03I20130329



Hello 3rd world Cyprus.
They're just making the rich pay their fair share. Where's the problem?
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Old 04-01-2013, 11:47 AM   #38
BucEyedPea BucEyedPea is offline
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Just remember, when one deposits their money in a fractional reserve bank they're loaning their money to that bank. This is spreading. Canada plans to seize deposits to subsidize the big, bankrupt banks, too.

http://dollarvigilante.com/blog/2013...-deposits.html
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Old 04-01-2013, 04:21 PM   #39
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No surprise here, same thing happens in the US.

Quote:
News that the Cypriot President’s family moved 21 million euros to London days before the bank accounts of his people were looted as part of the bailout deal serves as another reminder that while the media portrays the victims of the Cyprus “haircut” as the mega rich and wealthy Russian oligarchs, the real victims are middle class families and small business owners.

“A company owned by in-laws of Cypriot President Nicos Anastasiades withdrew dozens of millions from Laiki Bank on March 12 and 13, according to an article published in Cypriot newspaper Haravgi,” reports EnetEnglish.

“The newspaper, which is affiliated to the communist-rooted AKEL party, reports that three days before the Eurogroup meeting the company took five promissory notes worth €21m from Laiki Bank and transferred the money to London.”

In addition, as Reuters reports, “While ordinary Cypriots queued at ATM machines to withdraw a few hundred euros as credit card transactions stopped, other depositors used an array of techniques to access their money.”
http://www.infowars.com/mega-rich-wi...efore-looting/

This reminds me of the stories of JFK stocking up on a shitload of Cuban cigars right before he signed the law making them illegal. Only this one is way worse.
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Old 04-01-2013, 04:21 PM   #40
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And yes, I know infowars isn't the most credible site in the world, but the article is linked to stuff by reuters among others...
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Old 04-02-2013, 12:08 PM   #41
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Old 04-02-2013, 12:11 PM   #42
BucEyedPea BucEyedPea is offline
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The bad news is your retirement nest eggs will be worthless. The good news is gays can get married.
Of course, progressive's social issues are more important than issues such as this.
Look over there folks.
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Old 04-02-2013, 12:17 PM   #43
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Of course, progressive's social issues are more important than issues such as this.
Look over there folks.
The Communist party knows how to win, the Vichy Regime doesn't. It's a simple strategy of divide and conquer. Communists know that social and fiscal are one and the same--- Vichy Regime thinks they are seperate and that's why they continue to lose elections.

Oh well. Forward!
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Old 04-03-2013, 06:22 PM   #44
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Banksters.

Thats why i keep my money buried in a coffee can out behind the shed.
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Old 04-03-2013, 08:26 PM   #45
BucEyedPea BucEyedPea is offline
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Banksters.

Thats why i keep my money buried in a coffee can out behind the shed.
Well, a major very successful investor has said he's taking his money out of the banks.
There are a few that are not fractional reserve and don't loan money—especially to governments.
There's even some privately insured credit unions. I must admit the mattress is looking very good these days. This is supposed to be the canary in the mine, meaning it could go global....at least the taxing of deposits. We're all on direct deposit these days.
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