Fuck these bloodsucking banksters. May Cyprus be the milestone toward the dissolution of this “european” clan called eurozone.
Greetings from a 10% shrinked Cyprus.
It seems that the only one which we can rely on, is ourselve.
firstly its not your money, it has copy-write.
they take, as you say your money; by means of inflation and nobody seems to mind that scam.
its not 2 trillion pounds, its your (our) time and freedoms.
that’s right, they’re in a club and we ain’t in it.
Austerity for the poor and euthanasia for the old. Both big money makers.
Bring on the NWO.
Give that man a pitchfork and in another vein it’s time to apply chemo to the cancer before it consumes everything.
As I understand it the money came from the Russian KGB, deposited in Cyprus banks, who then invested it in Greece. Europe balked at asking their tax payers to foot the bill. The Icelandic banks were also full of Russian money too. Not honoring the the 100k euro deposit guarantee looks like a bad move to me, we need to have faith in deposits being safe.
It wasn’t just KGB, it was the Russian oligarchs. It wasn’t just the Russians, it was fat cats in the Eurozone chasing high interest rates. It wasn’t just the fat cats, it was the mom & pop corner grocery that set aside a few thousand for a retirement some day. And when the Great Terror comes, it won’t be just the London taxi drivers screaming for banker blood.
It gets more complicated. Cyprus is a small island that does what? Fishes and sells package holidays? Where did they get all these 100k+ accounts from?
This is a more nuanced move theres a load of foreign nationals that have accounts in Cyprus which is to a large extent black money, brokerage houses, tax dodgers.
Historically there are criminals who found it more profitable to steal from criminals because if the goods stolen are stolen you can’t go to the police.
So perhaps what the EU have also done is take money from “criminals” (whatever that means) from a small municipality whose governors made a profit from legalised money laundering. The inhabitants are collateral damage. The bulldozers represent a drop in the ocean.
So how black and white is this situation? I’m not saying the islanders weren’t wronged and this should be rectified but there must be enormous illegal accounts in that country, isn’t this stealing from the rich and giving to the poor?
I don’t know if it is or it isn’t but in real life the boundaries are much greyer
@ Paul … Wherein the belief is; god is money – therein “strict oversight” of those with lots of the money, by those with much less money. is not a design criteria with any real intention… it is after all, just the ultimate, ” oversight”. Designed failure; oh!, … so that’s the intent?
Quote of the day … Sunday, March 17, 2013 …. DM[dumbmoney], “Companies that constantly complain about regulation and have antagonistic relationships with their regulators probably want to engage in behavior that is against the best interests of long-term shareholders.”
Why money, why companies, why shareholders and why the blind belief ??? … has this ever played out well, over war filled centuries? Given today’s global variances, even for the wealthiest, the fear of loss is intensified as the days roll by. Do we need to look @ what we have in common, instead of what divides us?
Redo/ … Individuals that constantly complain about regulation and feel an antagonistic relationship with regulators probably want to engage in behavior that is against the best interests of the person standing next to them. Instead of share holders in a common project that has real value, they buy into monetization and horde the weirdest of commodities … They do this at the suggestion[s] of agents of those already in power, with advantaged positions, … and we are partisan with pretend solutions.
…the cabby is well intentioned, the cab fare is false … the destination, more of the same please, and step on it!! … all destinations are the same within the mindset of error, matrix. So why the fear? We have problems to solve outside the false boarders.
I still love the artist taxi driver like..
@Jim – “isn’t this stealing from the rich and giving to the poor?” . . . um, bondholders and sovereign debt holders? Sweet of you to worry about their poor little selves, but I’m sure the likes of Bill Gross, John Paulson and George Soros are just fine as are the likes of Goldman Sachs, Deutsche Bank and JP Morgan. But I’m sure they are touched by your concern for them. (Though please don’t call Prince al-Waleed poor! Warning, it gets very, very touchy about this, he is DEFINITELY worth $30 billion he says; not the piddly $20 billion that the evil tabloid Forbes claims).
@stacy You may be right. Its stealing from criminals and giving to the corrupt and the poor are getting screwed as collateral damage.
Now thats a narrative that I find true to life
@ stacyherbert, I guess Prince al-Waleed is feeling sorry for himself because Cyprus will not levy as much as the IMF wanted: 10 pct vs 40 pct. Once the dust settles, they can stair-step the levy up to 20 or 30 pct of whatever is left when the banks finally reopen. But he will have to wait for his return on investment.
Bravo and well said. People are waking up and its folks like him that are helping. The day of reckoning will come and each one will be held accountable. Meanwhile take the steps to protect yourself from the coming Terror.
Why were Cypriot banks in such trouble in the first place? They had a lot of bad loans due to a housing bubble deflating but the default rate was fairly low so it wasn’t that. The real reason was that they were ordered by the Troika to invest €29 Billion in Greek bonds as part of the Greek bailout. These bonds then took huge haircuts which caused a loss of about twice the size of the whole Cypriot economy. The bankster who claim to have come up with the solution actually directly caused the problem.
The non-EU deposits had nothing to do with it other than being the target of theft by the Troika. They caused the problem. The effect was bank insolvency and the solution was to steal the deposits to bail out the Cypriot banks although even this is deceptive as they are really bailing out themselves.
People need to wake up. These banksters have just staged a pre-meditated multi billion Euro theft. They need to be arrested and prosecuted. They have simply proven that they can’t be trusted in any way, shape or form. This is just organised crime. Look at the size of the drug laundering done by TBTF banks. That’s the vast majority of all the drug money throughout the western world. That’s not laundering some drug money, that’s being an integral part of the world’s biggest drug trafficking cartel. Not only have they not being prosecuted they have carried on doing it because you can’t stop a capital flow of this size without causing huge upsets to the underlying illegal trade.
@stacy I’ve got nothing against Gross, Paulson, Soros they make money by assuming risk. You can’t fuck with that, its human nature and its fun and its a hard job. I don’t know all their stories but some of them started with nothing, took risks and made money. I don’t see anything wrong with that.
Similarly but not quite the same its like that for GS, DB and JPM. They have money because of the same reason butchers dog’s are fed well and baker’s kids have loaves of bread.
What I think is wrong is bailouts and corruption. Bailouts are like giving the financial system anti biotics which must end badly when the resistance wears out (soon enough).
Corruption is just corruption though and thats nothing to do with socialism or capitalism, its to do with the legal system. PJ O’Rourke wrote a great book called Eat the Rich where he investigated the effects of political ideologies on the wealth of a country and it turns out a strongly enforced legal system with property laws specifically are the guarantor of a nation’s wealth.
yep Mark, i got it in my fucking nut.
Well we were warned many times about these ‘Bank Holidays’ – unfortunately when I mention it to my mates, they think it’s just another sunshine day down the boozer and everyones happy!! All very sinister and will be the first of many me thinks – also notice that there are many radio ads around from the Brit government bolstering up the £85k safety net they have in place, that is spooking me now!!
I like a lot of what he says – but he reminds me of Adolf Hitler.
Well done Mr Danny Cunnington, well put. As one of the affected persons in Cyprus, I wish I listened to the wife and withdrew the few thousands we put aside for our retirement. Having been guaranteed that only savings over 100,000 euro would have been affected we thought that we were safe. I now hope that all persons with savings in the other European countries which are about to go through the same treatment, act now to safeguard their money.
The problem as I see it, was that as soon as there was talk of Cyprus making money from the Gas deposits in the Mediterranean sea, the Big Boys started working on a scheme, to chop our legs from under us, before we got into the money. They gave the impression to the recent Cypriot Presidents, that we should support Greece in their hour of need and that we would be backed up by Europe. They have played us like fools and we fell for it. The question that everybody in Cyprus is asking today, is why bother with a loan from Europe, since by taking the investors’ money, we cover most of our financial requirements!!!
@jim Human Nature also says kill your enemy, now that’s hard work.
Gross, Paulson, and Soros wouldn’t be where they are if they weren’t corrupt, and if human nature indeed took precedent they’d be dead.
these fellows rigged the system at every turn knowing you and yours would suffer, still having fun?
I’ve been ripped off by a bankster and I’ve also been ripped off by a taxi driver, so nothing new here.
Only if we had politicians…even just one politician with the same desire
and belief as Mark, how uplifting that would be for the whole country.
This is not capitalism but fraud. Capitalism is the rights of the individual over the state. I can’t see that anywhere. This is communism for the rich.
This is going to end badly.
PS Stealing money from the KGB; bad move! What would happen if Russia stated to buy silver and gold with all that paper money they have from being a huge world energy agent?
Hope UK not involved in this since Russia can just turn off the gas and UK will be screwed even more!
Well…….hes right on all counts!
Everyone thought it would be mighty Japan or UK or the PIGS that brought the edifice down.
Little Cyprus, may be that EUREKA moment for the sheeple when they at last realise through this peek into REALITY of what will happen to YOUR! money down the line.
Tick tock, tick tock, tick tock
Max may well have got the timing right.
Isn’t reality….a bummer!
PS…..how many folks get the basic principle….high interest rates offered by banks = HIGH RISK! and reflection of poor liquidity.
Apparently not many!
@Zorro PS…..how many folks get the basic principle….high interest rates offered by banks = HIGH RISK! and reflection of poor liquidity.
The high risk is because the banks ARE running high risk casinos in the back ground. They used to offer high rate to attract new money they could use in the casino. NOW, with QE, the deposits aren’t needed to use in the casino. BUT the deposits will be used for back stopping losses.
Cyprus is a false flag operation as was/is the US sequester bantering. At the end of this… follow the money and see who has sequestered the wealth in the greatest transference of wealth in the history of mankind.
Most, even the most ardent of liberals, would agree that what is going on in Cyprus is illegal, unethical and fascist.
This activity will be used/identified by the financial news prapagandists as the triggering event for the world equities’ valuation collapse.
What is happening in the ‘real’ operating deterministic self assembly one quadrillion dollar equivalent Asset Debt Macroeconomic System is that the population pool of willing and interested equity and commodity speculator-investors – even with and in the environment of the very advantaged equity tax laws and necessary ZIRP interest rates and necessary central bank QE and equivalent activity – …
….. that dwindling population pool is within 8 to 9 trading days of being totally depleted.
GOOGLE is at a 16/40/39 of 40 week :: x/2.5x/2.5x maximum growth fractal series..
The Nikkei is at a 39/98/77 of 78 week :: x/2.5x/2x maximum growth fractal series.
This is timed with the end of a 1858 156 year US second fractal credit cycle. The nonlinearity of asset valuation collapse will be disastrously spectacular.
I love you Marky Mark Artist Taxi Driver………fancy going for a pint sometime soon? (whilst we can still f*cking afford it).
Would ow be a good time to put my form in for a shot gun licence? i think I can smell war on the heat created breeze of burning Cyprus (possibly Spanish, Italian, Portugues,Irish, UK and French) banks
long live the artist impersonating a taxi driver!
if you are listening….
THE STAPLE SINGERS – I’LL TAKE YOU THERE.TV PERFORMANCE 1971
The Staple Singers Respect Yourself Live Filmed Performance 1972
you the man !
I forgot to mention what is most often forgotten: Agenda 21
Keep it going bro!! You would have been on the streets in the 60s yelling your ass off like the rest of us at the in-bred elite non-empathetic freaks runnin’ the big show we were born into!
I’ve got a pitchfork and I’m not afraid to use it!
ITS A DISINTEGRATING SYSTEM THE DEBTS OUTWEIGH ANY POSSIBLE RESCUE , ALL DEBTS AND DERIVATIVES WILL STRIP THE SYSTEM FROM ALL CAPITAL , WITH NO WORKING CAPITAL YOU WILL HAVE MASSIVE FURTHER MONEY PRINTING / CREATION = MASSIVE INFLATION . IT IS A MATHEMATICAL CERTAINTY THE FINANCIAL SYSTEM AS WE KNOW IT WILL COLLAPSE , ALL ONE CAN DO IS PREPARE FOR THE WORST AND HOPE FOR THE BEST , PEOPLE SEEM TO FORGET THE WEIMAR INFLATION TOOK TIME AND THE FINAL COLLAPSE WAS OVERNIGHT
Go long marshmallows.
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