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

They are already doing both in some occasions.
People pay tax, policy makers, bankers and politicians didn't spend the tax money responsibly.
Now people in Cyprus get to pay again.
If i remember correctly at least in Greece case, and suggested in most austerity plans when countries in the eu first show signs of trouble, are raising taxes for the citizens to get more money.
So.. tax.. plus more tax.. then when your government doesn't spend it right, they'll just take a certain percentage out of each bank account.

On top of that central banks are punching more and more artificial numbers into computers to come up with money to use for bailouts- which will eventually create inflation.. et voila..

Any Spaniard who leaves money in spanish banks would be careless.

It does smell like a test run.

why heck at this point has the world not just rolled tanks around the borders of belgium and switzerland

Online accounts are down also.

EU's Rehn says Cypriot haircut on deposits will not be repeated elsewhere


SURE?????

Rehn said he doesn’t expect an adverse market reaction to the precedent-setting tax on deposits both above and below the insured limit of 100,000 euros.


Asked whether a future EU-mandated bank levy can be categorically ruled out, Rehn said that “it can and there is no concrete case where it should be considered.”


[link to www.ekathimerini.com]

they are all focused on the money and they would gladly take the mark for a guarantee of security

That is really reassuring.

The government of Cyprus will (already has) realized that their plan is faulty because when they go for the money it won't be there. The only solution is to freeze people out of their accounts until the government can steal it's share.

Why even play. Just buy some bitcoins and silver

In french
[link to www.agoravox.fr]

seriously...

and cyprus is a fairly small island if I am correct? I dont know a lot about the gov't or the people, but this could be a test on a smaller scale.

Chaos is coming thIS is the last pope before the false prophet:
NOW IS TIME!!!

There's a thing called tax try paying it one day. In your fantasy world the uks owned by a lizard queen and the all powerful Rothschild meanwhile in the real world you are literally owned Germany.

Coing to Amerika!!!!

[link to economicrisis.com]

THIS
I have an agree'd overdraught on mine but always withdraw anything I get over it and keep *somewhere safe* out in the countryside throughout various places, aswell as investing in physical property such as CDs/DVDs, etc.

Dude, even your english football is totally owned by Jews. Don't be so ignorant.

It's a collective punishment if you do this thing without setting some criteria first, like exemption of small deposits, people with low/no income etc. In the livestream i posted before heard about some cases that they had money in the bank just for a day or two to pay bills and stuff, they got a haircut too. Heard about a billionaire that moved money there yesterday and got a haircut of millions, won't do business in Cyprus again in his life. It'll be interesting to see if a bank run in the rest of Europe will be initiated by this move.

someone is trying to use a bulldozer to get their money out....

[link to picasaweb.google.com (secure)]

Money is at faith value

No faith no value

This may be the start of bankruns early monday.

I wouldnt wait.

[link to www.cyprus-mail.com]

The above is a link to the Cyprus Mail there is more information on here together with comments at the bottom, I did read one who said they made a withdrawal from an ATM and the date of withdrawal has been put to 19 march??? how fraudulent is that???

[link to thenextrecession.wordpress.com]

Snip:

And the Euro crisis continues elsewhere. As I write, the EU leaders have just decided on a Troika bailout programme for Cyprus, where the banks have been driven to the wall through acting as a conduit for Russian oligarchs’ ‘hot money’ flows. Cyprus’ economic boom prior to the crisis was based entirely on providing a safe haven for illicit Russian funds, laundering them so they could then be sent back into Russia ‘clean’. Cyprus attracted $119.7bn of Russian “investment” in 2011 while itself transferring $129.9bn to Russia the same year, equivalent to more than five times the island’s annual output, according to Global Financial Integrity, a US-based money laundering watchdog. Raymond Baker, GFI’s director, said the amounts reflected “round-tripping” of illicit funds exported from Russia to companies based in Cyprus. The funds then flowed back as legitimate investment.



“I don’t think Cyprus has cleaned up its act. It’s still a centre for disguised entities and for money of suspect origin,” Mr Baker said. “I think the amount of legitimate Russian money coming into Cyprus would be minuscule.” Cypriot banks used these deposits to invest all over the place: in Greek assets (!) and in property all over Europe. Now these assets are worthless and they are bust and yet they must meet their obligations to the Russian depositors. The EU leaders were divided about what to do: they did not want to bail out Russian mafia, but they did not want to set a precedent by reneging on bank debts in case this was used by anti-austerity movements, as in Slovenia, to do the same. Under pressure from the IMF, the EU leaders have decided that the Russian depositors must take a 10% ‘haircut’ on their deposits, so that of the €17bn needed, only €10bn will now come from the Troika. Even so, that is a huge burden for Cypriots, equivalent to 40% of annual GDP. This will be agreed to by Cyprus which has just elected a centre-right president pledged to do so, after throwing out a ‘Communist’ president who was also imposing austerity.

maybe theyare all out at their banks right now.

Go look; maybe youwill get to see long lines at the throughs and/or ATM's