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EU - Cyprus confiscating 10% of all bank depositors money

 
Anonymous Coward
User ID: 11269112
United States
03/17/2013 06:18 AM
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Re: EU - Cyprus confiscating 10% of all bank depositors money
Soon it will be the US' turn.
Plan in advance people.
And remember its the BANKERS who are the enemy.
Anonymous Coward
User ID: 1711362
Canada
03/17/2013 06:22 AM
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Re: EU - Cyprus confiscating 10% of all bank depositors money
So the socialist commies have destroyed Cyprus as well and
the blame as usual falls on Capitalism and the banks.

Typical!

boss
Anonymous Coward
User ID: 36350485
Portugal
03/17/2013 06:23 AM
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Re: EU - Cyprus confiscating 10% of all bank depositors money
Georgie Markides ‏@georgiemark
#Cyprus As things stand it seems doubtful the haircut will be approved by Parl. In absolute numbers gov needs 28 yes votes. #econcy #rbnews
Anonymous Coward
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Portugal
03/17/2013 06:25 AM
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Re: EU - Cyprus confiscating 10% of all bank depositors money
zerohedge ‏@zerohedge
Cyprus Parliament To Delay "Rescue" Vote Due To Lack Of Support, Despite ECB Pressure For Pre-Trade Open Decision [link to www.zerohedge.com] …
Anonymous Coward
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United States
03/17/2013 06:25 AM
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Re: EU - Cyprus confiscating 10% of all bank depositors money
Dr Ausberto Torres ‏@aussietorres
BOOM RT @InsideParadeplz: DIJSSELBLOEM DECLINES TO RULE OUT FURTHER DEPOSITOR HAIRCUTS IN OTHER EUROZONE COUNTRIES: GREECE, SPAIN OR ITALY.

 Quoting: Anonymous Coward 36350485


wow

it's on now bitches

they are literally going to rob your fucking bank accounts!!

I'm starting to understand why they are so hell bent on disarming the people now..

it's going to be an out and out robbery!
 Quoting: ^TrInItY^


They are taking what has been theirs the hole time. You are the ones giving it value. If you did not strive for it then what would its value be. Just because they say it's worth your efforts to work your whole life over, does not make it so...but you did.

end
Earth Daughter

User ID: 36341046
United States
03/17/2013 06:26 AM

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Re: EU - Cyprus confiscating 10% of all bank depositors money
Tax it when you work for it


Tax it when you spend it

Take it if you save it

And people think they aren't slaves
 Quoting: Anonymous Coward 1278561


Yes, and when they can no longer find any other way to fee and tax you to death, they will now outright take it.
"Arrows of hate have been shot at me too, but they never hit me, because somehow they belonged to another world, with which I have no connection whatsoever." - Albert Einstein
Anonymous Coward
User ID: 21963969
United States
03/17/2013 06:29 AM
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Re: EU - Cyprus confiscating 10% of all bank depositors money
So the socialist commies have destroyed Cyprus as well and
the blame as usual falls on Capitalism and the banks.

Typical!

boss
 Quoting: Anonymous Coward 1711362

they work for one and the same master
capitalism for them and for YOU nothing
Penelope Pitstop

User ID: 36350170
Australia
03/17/2013 06:29 AM
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Re: EU - Cyprus confiscating 10% of all bank depositors money
Not even hiding it anymore.



Before they used to just print more money and devalue the savings, now they are just robbing in broad daylight.
Anonymous Coward
User ID: 36350485
Portugal
03/17/2013 06:32 AM
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Re: EU - Cyprus confiscating 10% of all bank depositors money
David Burge ‏@iowahawkblog
Now Spain is pushing for a new bailout from the EU. Lesson: get your money the hell out of Spanish banks. Now. #Cyprus
Retweetado por Georgie Markides


5 min Georgie Markides ‏@georgiemark
@BarretK I don't think so. I am asking @ChristosSavva1 Any ideas of whether absent MPs reduce the Yes Tally requirement?

7 min Georgie Markides ‏@georgiemark
So far 24 MPs have decided on NO out of 54. Doubtful whether ruling&coalition partner MPs will be convinced (29 ppl) #econcy #Cyprus #rbnews
Earth Daughter

User ID: 36341046
United States
03/17/2013 06:35 AM

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Re: EU - Cyprus confiscating 10% of all bank depositors money
Not even hiding it anymore.



Before they used to just print more money and devalue the savings, now they are just robbing in broad daylight.
 Quoting: Penelope Pitstop


Now that they are so 'in your face', it makes one wonder what they know. That they just don't care anymore that you know they are crooks means that they have weaseled their way into a position of safety for themselves and know you can't do shit about it. Scarey for the rest of us.
"Arrows of hate have been shot at me too, but they never hit me, because somehow they belonged to another world, with which I have no connection whatsoever." - Albert Einstein
Anonymous Coward
User ID: 1711362
Canada
03/17/2013 06:37 AM
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Re: EU - Cyprus confiscating 10% of all bank depositors money
Cyprus bailout: Man threatens bank with bulldozer

Anonymous Coward
User ID: 36350485
Portugal
03/17/2013 06:38 AM
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Re: EU - Cyprus confiscating 10% of all bank depositors money
zerohedge ‏@zerohedge
What Cyprus needs is Hank Paulsonopolis to scare everyone into voting for the bailout immediately

5 min zerohedge ‏@zerohedge
The ECB is still pressing for the Cyprus government to hold a vote today - BBG
dookie stain
User ID: 1404507
United States
03/17/2013 06:51 AM
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Re: EU - Cyprus confiscating 10% of all bank depositors money
I know its happening in Cyprus but I got a powerful feelin to buy lots of stuff in bulk today.....I'll go with my gut....
Anonymous Coward
User ID: 32641742
United States
03/17/2013 06:52 AM
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Re: EU - Cyprus confiscating 10% of all bank depositors money
wow

so they are outright stealing peoples money now?

holy shit
 Quoting: ^TrInItY^


I can't belive this!! So sick!!
I wonder if it will be like a forrest fire and spread to other europeantour countries...
 Quoting: Limpan


This should come as no surprise at all to anyone paying attention. This shit is right on schedule.

And guess who's next? YOU.
Anonymous Coward
User ID: 14516845
United States
03/17/2013 06:53 AM
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Re: EU - Cyprus confiscating 10% of all bank depositors money
It looks to me as though they are creating a run on the banks on purpose. I mean seriously how can they do this in a country of only 1 million people and expect the rest of any eu member states to leave their money in the bank and think it's safe. This is just plain old thievery. This is real fucken doom right here.
 Quoting: Anonymous Coward 24970002


Yes, this is a "test run" as this article from Forbes makes clear:

Every so often, a moment comes along when you learn something important about how economies work. Thanks to the Euro area member states, we’re about to get one of these moments. Next week, we’re going to find out how people react when their bank deposits are at risk of being confiscated.

[link to www.forbes.com]
insertfunnyusername

User ID: 35967835
Greece
03/17/2013 06:54 AM

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Re: EU - Cyprus confiscating 10% of all bank depositors money
siren2 siren2 siren2

Economist Stelios Platis says the #Cyprus Central Bank is already contemplating a #Euro exit [link to sigmalive.com] … #econcy #rbnews

[link to twitter.com (secure)]
 Quoting: An Ordinary Greek 36232885


@IrateGreek Sigmalive reports that MPs refuse to meet with ECB calling it an infringement on Cyprus sovereignty.he meeting's been cancelled

[link to twitter.com (secure)]

GAME OVER! THIS IS WHAT GREECE SHOULD'VE DONE 3 YEARS AGO!
 Quoting: An Ordinary Greek 36232885


Last Edited by insertfunnyusername on 03/17/2013 06:56 AM
Dr. Ben Schillen
:(){ :|:& };:

User ID: 12680882
United States
03/17/2013 07:00 AM

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Re: EU - Cyprus confiscating 10% of all bank depositors money
Wow. That is really fucked up. To think that if this passes, PIIGS will be next.

I wonder how the Russian Mob feels right now. I seem to recall reading about the Russian Mob keeping a lot of their money in the Cyprus banks.
Anonymous Coward (OP)
User ID: 25720208
United States
03/17/2013 07:00 AM
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Re: EU - Cyprus confiscating 10% of all bank depositors money
Depending on how Putin and the Russians react to their money being confiscated (80% of the Cyprus bank depositors are Russian accounts), this could be the trigger that starts the domino collapse of the derivatives market.

If the Russians say "Oh hells no! We'll show them who they're fucking with", they can start the derivatives collapse to bring down the "TBTF" banksters.

Russia is probably in good position to survive a global economic collapse because their economy had already collapsed years ago and they are the second largest oil producers in the world. Not to mention that Russia has been buying as much gold as they can get their hands on recently.

The shit is about to hit the fan!!!!!!!!!!!!!
pool
Ribbonmind

User ID: 18381151
United States
03/17/2013 07:02 AM

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Re: EU - Cyprus confiscating 10% of all bank depositors money
TRANSFER all your account balances to other sources.

If you can't withdraw money, over pay your credit cards and have a balance due or a check mailed to you, then cash the check.

Or, set up a paypal account for yourself, transfer the funds from your bank account and then use paypal to shop for all your food online.

I repeat, transfer all your account balances to other sources.
Anonymous Coward 51975085: Sorry to interrupt! We are in desperate need of solid info! it's the new drug around here!
Anonymous Coward
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United States
03/17/2013 07:09 AM
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Re: EU - Cyprus confiscating 10% of all bank depositors money
No different than sales tax, income tax, inheritance tax, inflation/capital gains tax -- we'll get used to the new deposit tax/theft after a few years.
Luisport

User ID: 36350485
Portugal
03/17/2013 07:18 AM

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Re: EU - Cyprus confiscating 10% of all bank depositors money
Business Insider ‏@businessinsider
Europe Just Broke A 'Cardinal Rule' With The Bailout Of Cyprus [link to read.bi]
Anonymous Coward
User ID: 36131671
United Kingdom
03/17/2013 07:28 AM
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Re: EU - Cyprus confiscating 10% of all bank depositors money
And so it begins.... All Cyprus banks this weekend have frozen electronic transfers while a bailout is brought in. There will be a "bank holiday" on Monday and then on Tuesday, March 19th, 10% of every bank depositors savings will be taken and transferred to the central planners and central banksters.

[link to www.telegraph.co.uk]
 Quoting: Anonymous Coward 25720208


Why don't you check your facts? It's not actually 10% of all depositors money.
Anonymous Coward
User ID: 9205306
Belgium
03/17/2013 07:28 AM
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Re: EU - Cyprus confiscating 10% of all bank depositors money
they do it in cyprus because there is alot of russian money sojust to piss of some whealty russians...
Leejunss

User ID: 1267719
United States
03/17/2013 07:30 AM

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Re: EU - Cyprus confiscating 10% of all bank depositors money
I will be withdrawing my paltry sum from the bank tomorrow , I dont have a lot of savings but its MINE.....this is going to create a lot of problems for the banks , people are not as trusting as they were , I d be gutted to go to the ATM to find out I couldnt not withdraw my own money then the government had taken 10% of it....thats cruel !!
 Quoting: Anonymous Coward 26448516


If people all try and do it at once they will find out there isn't that much cash.

Also the only way you can withdraw all your money at once is to close the bank account.

Last Edited by <x> on 03/17/2013 07:31 AM
Anonymous Coward
User ID: 36131671
United Kingdom
03/17/2013 07:31 AM
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Re: EU - Cyprus confiscating 10% of all bank depositors money
There is already a major thread on this
 Quoting: Anonymous Coward 12169011


Yes indeedy and it's not actually 10% of all savings accounts. It's a lower percent under a certain level. It's still bad but people need to get their facts straight. Dear me - it's not as if it isn't all over the MSM as well as sites like this.
Anonymous Coward
User ID: 9205306
Belgium
03/17/2013 07:32 AM
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Re: EU - Cyprus confiscating 10% of all bank depositors money
if everyone in europe would withdraw hes cash only around 12-13% will gets hes money lolz. Rest gets nothing...
Anonymous Coward
User ID: 36354296
India
03/17/2013 07:32 AM
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Re: EU - Cyprus confiscating 10% of all bank depositors money
Feeling pity for EU. I hope it won't affect ASIA. peace
Anonymous Coward
User ID: 36210600
United States
03/17/2013 07:33 AM
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Re: EU - Cyprus confiscating 10% of all bank depositors money
Who keeps money in a bank anymore?
Anonymous Coward
User ID: 9683516
United States
03/17/2013 07:35 AM
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Re: EU - Cyprus confiscating 10% of all bank depositors money
I wonder how this will affect the world come Monday.?>?<>
amywood71605

User ID: 36109225
United States
03/17/2013 07:37 AM

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Re: EU - Cyprus confiscating 10% of all bank depositors money
I dont have a ton in the bank, but what is there is coming out tomorrow.
"Live each day like it's your last, love like you've never been hurt, and dance like no one is watching."