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Breaking: CHAOS IN CYPRUS; "Thousands" are withdrawing their money; ALERT IN THE SOUTHERN EUROPEAN COUNTRIES

 
Anonymous Coward
User ID: 18612185
Hungary
03/17/2013 09:14 AM
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Re: Breaking: CHAOS IN CYPRUS; "Thousands" are withdrawing their money; ALERT IN THE SOUTHERN EUROPEAN COUNTRIES
Cyprus registered for tax optimization of at least 5 thousand Polish companies.

In Poland escape takes up to at least 40 other tax havens .

this take place not only in Poland .


why you people don't tolk about this
?
 Quoting: Anonymous Coward 1488672


Are you saying that Poland is directly affected by what is happening in the Cyprus banks? I am not sure I understand what your meaning is.

If this theft directly out of Cypriot bank accounts stands, it will have unintended (or maybe intended)consequences not only in Europe but also worldwide.

The world economy is already very shaky. If people lose confidence in the banks and withdraw their deposited funds, watch out! The whole world economy could crash.

This is how the banksters roll, they don't care about starving masses, old grannies with no food in the cupboard, children crying with empty bellies.

Got preps??
 Quoting: Anonymous Coward 28232375


he meant that at least 5 thousand companies that are registered in Cyprus has actually a Polish background, they operate their daily business in Poland, but the profits go to Cyprus bank accounts (usual tax haven stuff), so they take all the profits out from Poland, to avoid taxation there, and that money ends up in these Cypriot banks. and it's not just the case for Poland, same can be told about many other EU countries. this is how the wealth of these countries were slowly taken out of the inner market...
Anonymous Coward
User ID: 1488672
Poland
03/17/2013 09:20 AM
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Re: Breaking: CHAOS IN CYPRUS; "Thousands" are withdrawing their money; ALERT IN THE SOUTHERN EUROPEAN COUNTRIES



clappa


hf

and how this was allowed to happen in Europe for so many years ?


So maybe the rest of us shall have same posibility to pay low taxes ewery where as citiziens .
Anonymous Coward
User ID: 18034483
Colombia
03/17/2013 09:22 AM
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Re: Breaking: CHAOS IN CYPRUS; "Thousands" are withdrawing their money; ALERT IN THE SOUTHERN EUROPEAN COUNTRIES
Good, world does not need an economy, what we need is that people do their things without getting payment your payment is that you can have a house with no cost electricity with no cost food with no cost, everyone just must add to the world community. that's how it should be,why money, money is just to keep us slaves, it should be that people do their things so others can benefit from it and vice versa, for example a doctor treats patients his service is unpaid but all these people do also work and they also contribute to the world community, and like this we don't need an economy.

All extras well for that you can get some credits or so but all basic things will be FREE, all you do is pay with your service that you provide to the world, that's all and its soo simple. look like star trek same thing no world economy people work to improof our race to improof the community.



Cyprus registered for tax optimization of at least 5 thousand Polish companies.

In Poland escape takes up to at least 40 other tax havens .

this take place not only in Poland .


why you people don't tolk about this
?
 Quoting: Anonymous Coward 1488672


Are you saying that Poland is directly affected by what is happening in the Cyprus banks? I am not sure I understand what your meaning is.

If this theft directly out of Cypriot bank accounts stands, it will have unintended (or maybe intended)consequences not only in Europe but also worldwide.

The world economy is already very shaky. If people lose confidence in the banks and withdraw their deposited funds, watch out! The whole world economy could crash.

This is how the banksters roll, they don't care about starving masses, old grannies with no food in the cupboard, children crying with empty bellies.

Got preps??
 Quoting: Anonymous Coward 28232375
Pathaka

User ID: 19009045
Finland
03/17/2013 09:25 AM
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Re: Breaking: CHAOS IN CYPRUS; "Thousands" are withdrawing their money; ALERT IN THE SOUTHERN EUROPEAN COUNTRIES
Many people in this thread do not understand the basics.

Things as they stand are like this.

1. No money or political willingness to pay for another Cyprus bailout in full, without concessions (esp. because this would set a dangerous precedent to Italy, Spain, Portugal, Ireland & the motherload of all, Spain and France).

2. So, if Cyprus government + banking system (their fates are interlinked) don't get money, both become illiquid and insolvent (look them up).

3. If this happens, there is no other possibility but to break away from euro, go to new-Cyprus-pound and devalue. This devalue would be in the order or 40% to 50% AND WOULD TAKE IN EFFECT IMMEDIATELY TO ALL SAVINGS.

So, it's either that (40% to 50% wipeout) or 7-10% tax.

Politicians took the short fall and tried to postpone the inevitable. This solves nothing though and does set an interesting game-theoretical dilemma for the savers of Portugal, Ireland, Spain and perhaps in due time for savers of Italy and France, the banking system of the latter, being totally insolvent as I type this.

So, it's more kicking the can down the road.

10% is still child's play.

Ask any an Argentinian old enough to remember :)
Pathaka
Anonymous Coward
User ID: 20253056
United Kingdom
03/17/2013 09:29 AM
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Re: Breaking: CHAOS IN CYPRUS; "Thousands" are withdrawing their money; ALERT IN THE SOUTHERN EUROPEAN COUNTRIES
Many people in this thread do not understand the basics.

Things as they stand are like this.



So, it's either that (40% to 50% wipeout) or 7-10% tax.



Ask any an Argentinian old enough to remember :)
 Quoting: Pathaka


You talk like they are only going to do this tax once.

If they can get away with it once, what is stopping them doing it again.

These Bankster debts will never be repaid. They want to crash the Euro, and come in with their physical Gold and buy everything up for pennies.

They will own EVERYTHING.

I give you the New World Order!
Night Owl

User ID: 22619102
United States
03/17/2013 09:37 AM

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Re: Breaking: CHAOS IN CYPRUS; "Thousands" are withdrawing their money; ALERT IN THE SOUTHERN EUROPEAN COUNTRIES
Putin just got cornholed....wonder what he will do?
putin
 Quoting: Anonymous Coward 34276055


Turn off the gas spigot
recollector

User ID: 26964049
Romania
03/17/2013 09:40 AM
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Re: Breaking: CHAOS IN CYPRUS; "Thousands" are withdrawing their money; ALERT IN THE SOUTHERN EUROPEAN COUNTRIES
Good, world does not need an economy, what we need is that people do their things without getting payment your payment is that you can have a house with no cost electricity with no cost food with no cost, everyone just must add to the world community. that's how it should be,why money, money is just to keep us slaves, it should be that people do their things so others can benefit from it and vice versa, for example a doctor treats patients his service is unpaid but all these people do also work and they also contribute to the world community, and like this we don't need an economy.

All extras well for that you can get some credits or so but all basic things will be FREE, all you do is pay with your service that you provide to the world, that's all and its soo simple. look like star trek same thing no world economy people work to improof our race to improof the community.



Cyprus registered for tax optimization of at least 5 thousand Polish companies.

In Poland escape takes up to at least 40 other tax havens .

this take place not only in Poland .


why you people don't tolk about this
?
 Quoting: Anonymous Coward 1488672


Are you saying that Poland is directly affected by what is happening in the Cyprus banks? I am not sure I understand what your meaning is.

If this theft directly out of Cypriot bank accounts stands, it will have unintended (or maybe intended)consequences not only in Europe but also worldwide.

The world economy is already very shaky. If people lose confidence in the banks and withdraw their deposited funds, watch out! The whole world economy could crash.

This is how the banksters roll, they don't care about starving masses, old grannies with no food in the cupboard, children crying with empty bellies.

Got preps??
 Quoting: Anonymous Coward 28232375

 Quoting: Anonymous Coward 18034483




clappa



This idea I had posted it on GLP about 6 months ago.Everyone laughled at me, saying I am an idiot, that moneyless society is an utopia.


WELL, guess what.It is either UTOPIA or SELF DISTRUCTION.

Money leads to GREED, greed leads to CORUPTION and coruption leads to DESTRUCTION.


ANYTHING short of moneyless society is DOOMED TO FAIL.


Hopefully tomorrow, bank system will collapse.From chaos there is order.What order? We don't fucking know, but what it is TODAY, must end.
recollector
yaba

User ID: 35032629
United Kingdom
03/17/2013 09:43 AM
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Re: Breaking: CHAOS IN CYPRUS; "Thousands" are withdrawing their money; ALERT IN THE SOUTHERN EUROPEAN COUNTRIES
Got these from the other thread.


[link to www.youtube.com]


[link to www.youtube.com]
 Quoting: insertfunnyusername


the second video has someone saying its ok if it saves the economy
WTF????????????????

does he not kn ow that the bank shareholdrrs should take the cut not him

this is why there is zero hope of any change when you have dumb fuck wet people likie this
whats even more disgusting than the tax is that there are no basnkers hanging form lamposts or at least some banks smashed to peices, riots anything to show revolt

what a bunch of pussies
at least get angry and DO something
they will think they can do it anywhere otherwise and they will
Cocorito90

User ID: 28952191
San Marino
03/17/2013 09:43 AM
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Re: Breaking: CHAOS IN CYPRUS; "Thousands" are withdrawing their money; ALERT IN THE SOUTHERN EUROPEAN COUNTRIES
Many people in this thread do not understand the basics.

Things as they stand are like this.

1. No money or political willingness to pay for another Cyprus bailout in full, without concessions (esp. because this would set a dangerous precedent to Italy, Spain, Portugal, Ireland & the motherload of all, Spain and France).

2. So, if Cyprus government + banking system (their fates are interlinked) don't get money, both become illiquid and insolvent (look them up).

3. If this happens, there is no other possibility but to break away from euro, go to new-Cyprus-pound and devalue. This devalue would be in the order or 40% to 50% AND WOULD TAKE IN EFFECT IMMEDIATELY TO ALL SAVINGS.

So, it's either that (40% to 50% wipeout) or 7-10% tax.

Politicians took the short fall and tried to postpone the inevitable. This solves nothing though and does set an interesting game-theoretical dilemma for the savers of Portugal, Ireland, Spain and perhaps in due time for savers of Italy and France, the banking system of the latter, being totally insolvent as I type this.

So, it's more kicking the can down the road.

10% is still child's play.

Ask any an Argentinian old enough to remember :)
 Quoting: Pathaka


hahah are you so dumb to still not understand that Euro is the problem?

Cyprus: one island, two states.

1) South of island: Rep. of Cyprus - currency: EURO

2) North of island: Rep. Turkish of Cyprus - currency: Cyprus Lira (sovereign couurency)

In one of the two states everything is fine, ATM works and life is normal.

The other one is failing, bancomats are closed,citizens have put a buldozer in front of a bank, Gov is raping people'money without asking

QUESTION: what's the state with the Europen common currency?

cruise

and add to Cyprus: Italy, Greece, Spain, Slovenia, Ireland, Portugal....

IS THIS A FUCKING COINCIDENCE?

YOU DUMB
Anonymous Coward
User ID: 36356284
United States
03/17/2013 09:47 AM
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Re: Breaking: CHAOS IN CYPRUS; "Thousands" are withdrawing their money; ALERT IN THE SOUTHERN EUROPEAN COUNTRIES
Utterly amazing that the EU could be so barbaric not to mention my homeland of Germany could allow this rather harsh measures to go ahead but then again when it gets to the point where a documentary is made explaining how Greeks operate it does come as no surprise that little brother Cyprus is going bust.

[link to www.dailymotion.com]

While the Greek people are suffering however the guy with the wallet of the Greek government continues to go on a spending spree like a newlywed and refuse to cut back on her spending.

[link to www.latimes.com]

Make no mistake people, we are seeing the end of the united Europa project & instead we are all sliding back into ultra nationalistic crap :(
 Quoting: Anonymous Coward 23227784


why the heck do you suppose germany wants its gold back??!!!
Anonymous Coward
User ID: 36356284
United States
03/17/2013 09:48 AM
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Re: Breaking: CHAOS IN CYPRUS; "Thousands" are withdrawing their money; ALERT IN THE SOUTHERN EUROPEAN COUNTRIES
Many people in this thread do not understand the basics.

Things as they stand are like this.

1. No money or political willingness to pay for another Cyprus bailout in full, without concessions (esp. because this would set a dangerous precedent to Italy, Spain, Portugal, Ireland & the motherload of all, Spain and France).

2. So, if Cyprus government + banking system (their fates are interlinked) don't get money, both become illiquid and insolvent (look them up).

3. If this happens, there is no other possibility but to break away from euro, go to new-Cyprus-pound and devalue. This devalue would be in the order or 40% to 50% AND WOULD TAKE IN EFFECT IMMEDIATELY TO ALL SAVINGS.

So, it's either that (40% to 50% wipeout) or 7-10% tax.

Politicians took the short fall and tried to postpone the inevitable. This solves nothing though and does set an interesting game-theoretical dilemma for the savers of Portugal, Ireland, Spain and perhaps in due time for savers of Italy and France, the banking system of the latter, being totally insolvent as I type this.

So, it's more kicking the can down the road.

10% is still child's play.

Ask any an Argentinian old enough to remember :)
 Quoting: Pathaka


you think they will stop at 10%?
Anonymous Coward
User ID: 36360413
Indonesia
03/17/2013 09:57 AM
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Re: Breaking: CHAOS IN CYPRUS; "Thousands" are withdrawing their money; ALERT IN THE SOUTHERN EUROPEAN COUNTRIES
just turn break the eurozone and start it up again a fresh new solid zone
Cocorito90

User ID: 28952191
San Marino
03/17/2013 10:32 AM
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Re: Breaking: CHAOS IN CYPRUS; "Thousands" are withdrawing their money; ALERT IN THE SOUTHERN EUROPEAN COUNTRIES
Anonymous Coward
User ID: 33724411
03/17/2013 10:42 AM
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Re: Breaking: CHAOS IN CYPRUS; "Thousands" are withdrawing their money; ALERT IN THE SOUTHERN EUROPEAN COUNTRIES

 Quoting: Cocorito90


Those banksters haven't learned their lesson last time.

"The Rothschild business empire was passed down to ensuing generations until the March 13, 1938 Anschluss of Austria to Nazi Germany when the family was pressured to sell its banking operations at a fraction of its real worth. While other Rothschilds had escaped the Nazis, Baron Louis was held in prison for a year and only released after a substantial ransom was paid by his family. After Baron Louis was stripped of his Austrian citizenship and allowed to leave the country empty-handed, in March 1939 the Nazis placed the firm of S M von Rothschild under compulsory administration. Nazi officers and senior staff from Austrian museums also emptied the Rothschild family estates of all their valuables. Post war, some of the family's assets were restored to the survivors, but others were not. In 1999, as a result of international Jewish pressure groups along with a determined personal effort by Bettina von Rothschild, the government of Austria returned some 250 Rothschild art treasures worth more than US$100 million. The artworks, which had been looted by the Nazis and placed in the Kunsthistorisches, the Albertina, the Leopold Museum and other state museums after World War II, were returned to the eldest surviving heir of two Vienna Rothschild brothers."
Saddletramp
We Don't Rent Pigs...

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United States
03/17/2013 11:02 AM

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Re: Breaking: CHAOS IN CYPRUS; "Thousands" are withdrawing their money; ALERT IN THE SOUTHERN EUROPEAN COUNTRIES
Watch Russia's response to this...
"And how can a man die better than facing fearful odds, for the ashes of his fathers, and the temples of his Gods..." ~ Horatius

"Because he told the truth, and once you've heard the truth, everything else is just cheap whiskey..."
Anonymous Coward (OP)
User ID: 36232703
Spain
03/17/2013 11:03 AM
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Re: Breaking: CHAOS IN CYPRUS; "Thousands" are withdrawing their money; ALERT IN THE SOUTHERN EUROPEAN COUNTRIES

IMF Marxists Tax and Seize Personal Funds in Cyprus


Very few things give me nightmares… Yesterday’s event in Cyprus was one of them and the media is conspicuously silent. What do you get when you combine worldwide Marxist elitists, bankers and the media? A worldwide depression and a new dark age. The IMF is using Cyprus as a proving ground for the rest of us. It is a fascist Petri dish. They just implemented an across the board tax on all bank accounts over a holiday with no warning and no recourse. 9.9% if you have over 100,000 Euros in the bank, 6.75% is you have less than that. This is money being seized by the IMF, the European Union and the government of Greece to attempt to cover some of their debt. It is theft and it could have been a lot worse.

[link to www.rightsidenews.com]
Anonymous Coward
User ID: 33724411
03/17/2013 11:03 AM
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Re: Breaking: CHAOS IN CYPRUS; "Thousands" are withdrawing their money; ALERT IN THE SOUTHERN EUROPEAN COUNTRIES
Watch Russia's response to this...
 Quoting: Saddletramp


Why would Putin care? This is money that has been smuggled out of Russia. He probably applauds this move.
Anonymous Coward
User ID: 36364821
Germany
03/17/2013 11:11 AM
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Re: Breaking: CHAOS IN CYPRUS; "Thousands" are withdrawing their money; ALERT IN THE SOUTHERN EUROPEAN COUNTRIES
Cyprus Bank Holiday Extended Through Tuesday As Confusion Spreads
[link to www.zerohedge.com]

 Quoting: insertfunnyusername


The Cypriot cabinet has declared Tuesday a bank holiday, for fear of capital flight, and this may even be stretched to Wednesday, as depositors are certain to withdraw huge sums from the Cypriot banks after the haircut imposed.

WOOOHOOO!!!!!!!!!!
 Quoting: Anonymous Coward 33724411


5abanana2
 Quoting: Anonymous Coward 33724411


all europeans should not withdraw their money AND boycot any GOODS of european origin even if produced abroad!
Anonymous Coward
User ID: 36364821
Germany
03/17/2013 11:13 AM
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Re: Breaking: CHAOS IN CYPRUS; "Thousands" are withdrawing their money; ALERT IN THE SOUTHERN EUROPEAN COUNTRIES
Watch Russia's response to this...
 Quoting: Saddletramp


Why would Putin care? This is money that has been smuggled out of Russia. He probably applauds this move.
 Quoting: Anonymous Coward 33724411


russian oil and gas companies will care.

oil and gas from russia up 20 pct tomorrow!
Anonymous Coward
User ID: 36364821
Germany
03/17/2013 11:15 AM
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Re: Breaking: CHAOS IN CYPRUS; "Thousands" are withdrawing their money; ALERT IN THE SOUTHERN EUROPEAN COUNTRIES
1 little 2 little 3 little hitlers....

they are comming and europe will burn.
i hope this war will go global into the oceans and up into space so NOT ONE of these bastards can escape this time!
Anonymous Coward
User ID: 23992770
United Kingdom
03/17/2013 11:18 AM
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Re: Breaking: CHAOS IN CYPRUS; "Thousands" are withdrawing their money; ALERT IN THE SOUTHERN EUROPEAN COUNTRIES
Even though these nations are responsible for p***y footing around and not getting their act together, still the people don't deserve this and this is just.... bonkers and madness that the EU has sunk this low!!! redface
 Quoting: Anonymous Coward 23227784


The scariest thing is the precedent this has set. Does anyone seriously believe that, now they have done this to Cyprus, they will not do it each and every time more intervention is needed in other countries? And that each time the percentages stolen will increase?

Enough is enough; it is time for civil war. The governments across Europe have been shown to be crooks and no longer hold any validity or mandate. All Europeans need to arm themselves, take to the streets, and depose the governments of all parties.

I just pray to god that the majority of Europe's police and armed forces see the light and side with the people. There IS going to be a bloodbath; lets just hope it is quick and not as bad as it may be.
Anonymous Coward (OP)
User ID: 36232703
Spain
03/17/2013 12:11 PM
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Re: Breaking: CHAOS IN CYPRUS; "Thousands" are withdrawing their money; ALERT IN THE SOUTHERN EUROPEAN COUNTRIES
CYPRUS' PM: "WORSE CRISIS SINCE TURKISH INVASION"

[link to www.bbc.co.uk]
Anonymous Coward (OP)
User ID: 36232703
Spain
03/17/2013 12:11 PM
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Re: Breaking: CHAOS IN CYPRUS; "Thousands" are withdrawing their money; ALERT IN THE SOUTHERN EUROPEAN COUNTRIES
CYPRUS' PM: "WORST CRISIS SINCE TURKISH INVASION"

[link to www.bbc.co.uk]
 Quoting: Anonymous Coward 36232703


Fixed
Anonymous Coward
User ID: 15751650
Canada
03/17/2013 12:36 PM
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Re: Breaking: CHAOS IN CYPRUS; "Thousands" are withdrawing their money; ALERT IN THE SOUTHERN EUROPEAN COUNTRIES
this is really scary
Anonymous Coward
User ID: 36185381
Greece
03/17/2013 12:59 PM
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Re: Breaking: CHAOS IN CYPRUS; "Thousands" are withdrawing their money; ALERT IN THE SOUTHERN EUROPEAN COUNTRIES
Many people in this thread do not understand the basics.

Things as they stand are like this.

1. No money or political willingness to pay for another Cyprus bailout in full, without concessions (esp. because this would set a dangerous precedent to Italy, Spain, Portugal, Ireland & the motherload of all, Spain and France).
 Quoting: Pathaka


Τhat is exactly the problem. ESM and EFSF don;t have the money to rescue Cyprus. Originally discussion where made for a bailout package of 18 Bn Euros. With this desicion the amount drops to 10 Bn Euros.
Now what does thsi say about Eurozone?? What if Italy needs help? What about Spain if she also asks for additional help?? The debt of Greece is a grain of rice compared to them.


3. If this happens, there is no other possibility but to break away from euro, go to new-Cyprus-pound and devalue. This devalue would be in the order or 40% to 50% AND WOULD TAKE IN EFFECT IMMEDIATELY TO ALL SAVINGS.
 Quoting: Pathaka


Wrong!! Cyprus with its enormous amount of natural gas reserves can do a lot of things. If the decide to exit Eurozone then EU loses one great energy source and the enslavement in the energy sector to Russia continues. This will cost more to EU than Cyprus. In such a decision Cuprus gets bailed out from Russia the very next morning. The profits are enormous for them.

Politicians took the short fall and tried to postpone the inevitable. This solves nothing though and does set an interesting game-theoretical dilemma for the savers of Portugal, Ireland, Spain and perhaps in due time for savers of Italy and France, the banking system of the latter, being totally insolvent as I type this.

So, it's more kicking the can down the road.

10% is still child's play.

Ask any an Argentinian old enough to remember :)
 Quoting: Pathaka


Politicians in Cyprus made a huge mistake. This forced haircaut without warning will destroy the credability to the Cyprus Banking System and a lot of investors and companies are going to flee and never come back. If this decision gets aproved by the PM's then Cyprus will lose all its allies and all the agreements that Cyprus has made up until know will be lost.
zvezda 1

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Bulgaria
03/17/2013 01:16 PM
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Re: Breaking: CHAOS IN CYPRUS; "Thousands" are withdrawing their money; ALERT IN THE SOUTHERN EUROPEAN COUNTRIES
Wrong!! Cyprus with its enormous amount of natural gas reserves can do a lot of things.
 Quoting: Anonymous Coward 36185381


Explain! What are these "lot of things"?
Anonymous Coward (OP)
User ID: 36232703
Spain
03/17/2013 01:26 PM
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Re: Breaking: CHAOS IN CYPRUS; "Thousands" are withdrawing their money; ALERT IN THE SOUTHERN EUROPEAN COUNTRIES
EURO CRASHING AGAINST US DOLLAR, YEN in the Pre-Market:

[link to www.zerohedge.com]
Anonymous Coward
User ID: 14524586
United States
03/17/2013 01:28 PM
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Re: Breaking: CHAOS IN CYPRUS; "Thousands" are withdrawing their money; ALERT IN THE SOUTHERN EUROPEAN COUNTRIES
"The big problem, however, is that it’s not just large foreign deposits that are taking a haircut; the haircut on small domestic deposits is a bit smaller, but still substantial. It’s as if the Europeans are holding up a neon sign, written in Greek and Italian, saying “time to stage a run on your banks!”

Tomorrow and the days immediately following should be very interesting."

-Paul Krugman (Nobel Prize-winning economist)

[link to krugman.blogs.nytimes.com]
iamalive
User ID: 1265054
United States
03/17/2013 01:51 PM
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Re: Breaking: CHAOS IN CYPRUS; "Thousands" are withdrawing their money; ALERT IN THE SOUTHERN EUROPEAN COUNTRIES
OH NO!!! If they take 6.75% of MY money out of the bank, I'll stand to lose about $.06!
SteamrolledGobias

User ID: 15716609
United States
03/17/2013 02:02 PM

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Re: Breaking: CHAOS IN CYPRUS; "Thousands" are withdrawing their money; ALERT IN THE SOUTHERN EUROPEAN COUNTRIES
this is really scary
 Quoting: Anonymous Coward 15751650


but its doom?

it has to happen at some point. just get it over with already and let's start working on a real solution

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