EU - Cyprus confiscating 10% of all bank depositors money | |
Anonymous Coward User ID: 36338902 United States 03/17/2013 07:48 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 36338902 United States 03/17/2013 07:52 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 36350485 Portugal 03/17/2013 07:55 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 1146845 United States 03/17/2013 08:01 AM Report Abusive Post Report Copyright Violation | Let me tell you how it will be, There’s one for you, nineteen for me, ‘Cause I’m the Taxman, Yeah, I’m the Taxman. Should five per cent appear too small, Be thankful I don’t take it all. ‘Cause I’m the Taxman, Yeah, I’m the Taxman. (If you drive a car ), I’ll tax the street, (If you try to sit ), I’ll tax your seat, (If you get too cold ), I’ll tax the heat, (If you take a walk ), I’ll tax your feet. Taxman. ‘Cause I’m the Taxman, Yeah, I’m the Taxman. Don’t ask me what I want it for (Haha! Mister Wilson!) If you don’t want to pay some more (Haha! Mister Heath!), ‘Cause I’m the Taxman, Yeah, I’m the Taxman. Now my advice for those who die, (Taxman!) Declare the pennies on your eyes, (Taxman!) ‘Cause I’m the Taxman, Yeah, I’m the Taxman. And you’re working for no-one but me, (Taxman). |
Anonymous Coward User ID: 36350485 Portugal 03/17/2013 08:03 AM Report Abusive Post Report Copyright Violation | Business Insider ‏@businessinsider ANALYST: The Cyprus Deal Could Be The 'Trigger' We Were Waiting For In Europe [link to read.bi] |
Anonymous Coward User ID: 36350485 Portugal 03/17/2013 08:03 AM Report Abusive Post Report Copyright Violation | Protest outside Cypriot parliament planned for 15:30 tomorrow [link to translate.google.com] … |
Anonymous Coward User ID: 35088492 France 03/17/2013 08:07 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 35910891 United States 03/17/2013 08:13 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 35910891 United States 03/17/2013 08:16 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 36350485 Portugal 03/17/2013 08:20 AM Report Abusive Post Report Copyright Violation | Business Insider ‏@businessinsider The Stunning Bailout Of Cyprus Is A Reminder Of Who Really Is In Charge In Europe... [link to read.bi] |
Anonymous Coward User ID: 14362939 Canada 03/17/2013 08:27 AM Report Abusive Post Report Copyright Violation | zerohedge ‏@zerohedge Quoting: Luisport Protest outside Cypriot parliament planned for 15:30 tomorrow [link to translate.google.com] … PROTEST? I hope they go a lot fucking farther than that... |
Limpan User ID: 1474973 Sweden 03/17/2013 08:30 AM Report Abusive Post Report Copyright Violation | zerohedge ‏@zerohedge Quoting: Luisport Protest outside Cypriot parliament planned for 15:30 tomorrow [link to translate.google.com] … PROTEST? I hope they go a lot fucking farther than that... It's about time we take it a lot further. If we don't do anything when they take our money, when will they?? |
Anonymous Coward User ID: 36350485 Portugal 03/17/2013 08:32 AM Report Abusive Post Report Copyright Violation | The Economist ‏@TheEconomist The euro zone's bail-out of #Cyprus: Unfair, short-sighted and self-defeating [link to econ.st] |
Anonymous Coward User ID: 35431846 Israel 03/17/2013 08:33 AM Report Abusive Post Report Copyright Violation | zerohedge ‏@zerohedge Quoting: Luisport Protest outside Cypriot parliament planned for 15:30 tomorrow [link to translate.google.com] … PROTEST? I hope they go a lot fucking farther than that... It's about time we take it a lot further. If we don't do anything when they take our money, when will they?? Be on the lookout for a massive police presence, although I'm assuming that the police and civil servants are going to lose money too, so it'll be interesting if they choose to serve their masters or themselves... |
Anonymous Coward User ID: 36350485 Portugal 03/17/2013 08:34 AM Report Abusive Post Report Copyright Violation | Fabrizio Goria ‏@FGoria Money will be cut from accounts by Tuesday morning - Cyprus Mail [link to www.cyprus-mail.com] … |
Anonymous Coward User ID: 36350485 Portugal 03/17/2013 08:36 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 36350485 Portugal 03/17/2013 08:38 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 28870983 United States 03/17/2013 08:39 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 22845396 United States 03/17/2013 08:39 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 28870983 United States 03/17/2013 08:40 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 23201022 Indonesia 03/17/2013 08:41 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 36311382 Spain 03/17/2013 08:41 AM Report Abusive Post Report Copyright Violation | My opinion:Since the establishment of the EU.. national states are supedited to EU Laws. No national state member can issue laws that overrule or infringe EU laws. Its called legal precedence. Instead of getting all emotional it has to be cooly looked at from a legal point of view consulting European Union Laws regulating banking, taxation etc.. |
Anonymous Coward User ID: 12332071 Canada 03/17/2013 08:43 AM Report Abusive Post Report Copyright Violation | 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. Quoting: Anonymous Coward 25720208 [link to www.telegraph.co.uk] And somebody would have their asses beat to a bloody pulp if they touched my money. I figure it like this, It's MY Money, not the banks. I can put it in there so as to bring you, the banker, my business. But I should be able to take it all out and close out my account when and if I feel the need to do so. You touch my money, I beat your ass! Simple! A thief is a thief. And I don't like a thief! |
Anonymous Coward User ID: 36350485 Portugal 03/17/2013 08:44 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 20478377 United States 03/17/2013 08:48 AM Report Abusive Post Report Copyright Violation | [link to kingworldnews.com] Quoting: Anonymous Coward 36331206 “What’s just happened is the IMF has backed up, lauded, supported, and publicized, as if it were a victory, the taking of 10% of what really turns out to be 80% of Russian ‘black money.’ Russian ‘black money’ is KGB money, now in business. The leader of Russia (Putin) was a former KGB official. Whose money do you think they have taken? This is the biggest mistake the IMF could possibly have ever made.” You can bet that the Russian mob was forewarned and moved their money. |
Anonymous Coward User ID: 23201022 Indonesia 03/17/2013 08:52 AM Report Abusive Post Report Copyright Violation | zerohedge ‏@zerohedge Quoting: Luisport Protest outside Cypriot parliament planned for 15:30 tomorrow [link to translate.google.com] … PROTEST? I hope they go a lot fucking farther than that... It's about time we take it a lot further. If we don't do anything when they take our money, when will they?? Be on the lookout for a massive police presence, although I'm assuming that the police and civil servants are going to lose money too, so it'll be interesting if they choose to serve their masters or themselves... people will protest using bulldozer, and let the bulldozer talk to parliament |
Anonymous Coward User ID: 36350485 Portugal 03/17/2013 08:52 AM Report Abusive Post Report Copyright Violation | Welcome Back, Mr. Black Swan Earlier this week, I posited to a friend that I believed that the US stock market was significantly overvalued and that a major correction was on the way. In light of that belief, I purchased put options (expiring in May and June) on three of the major market indexes (SPY, QQQ, and IWM). In addition to that bet, I also shorted shares of high-flying hedge-fund darling Netflix. I have no long positions. In light of recent market action, these positions look bone-headed, but given the tremendous amount of market complacency out there, my bearish conviction is strong and it continues to strengthen. I hypothesized to my friend that a US-backed attack on Iranian nuclear facilities could be a potential catalyst that would send the global equity markets into a tailspin this year (and I still believe that to be the case). However, in my wildest imagination I didn't foresee (nor did anyone else) what just happened in Cyprus over the weekend. Cyprus declared that its banking system was insolvent and it needed a bailout to stay afloat. Instead of taking a bailout loan tied to austerity measures (a la Greece), Cyprus will be levying a mandatory tax on the accounts of ALL bank depositors. That's right - the government is forcing its citizens and businesses - not bank bondholders or investors - to take the haircut and pay for the misdeeds of its financial institutions. The notion of deposit insurance has been rendered worthless and the fragile trust between financial institutions and its customers has been eradicated. This is the most significant, game-changing event to have taken place since bank bailouts started in 2008 and it has global ramifications that can rattle not only global financial markets, global economic growth, and the livelihoods of millions of people. Cyprus is a small nation in the Eurozone, but its neighbors - Spain, Portugal, and Italy are much larger and more systemically important. Their financial institutions suffer from the same bad debt as the banks in Cyprus did, but on a much larger scale. We all wrongly assumed until now that savers were sacrosanct and that regardless of how perilous the financial crisis became, bank deposits would remain safe and savers would be protected. But in light of the Cypriot debacle, depositors across the region - and the world - should and will actively question whether or not their money is truly safe. The most important principle in the financial system has just been violated: trust. And that changes everything. Welcome back, Mr. Black Swan. [link to techtrendsandmarkets.blogspot.pt] |
veracious common sense User ID: 1462016 Canada 03/17/2013 08:53 AM Report Abusive Post Report Copyright Violation | |
Instant Karma User ID: 30388691 United States 03/17/2013 08:53 AM Report Abusive Post Report Copyright Violation | 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. Quoting: Anonymous Coward 25720208 [link to www.telegraph.co.uk] Considering that the banks create money out of nothing, this is ridiculous. It appears that they're trying to start a worldwide bank run. Why else would they announce this to the world? Last Edited by Gimme Some Truth on 03/17/2013 08:54 AM Dollar Deception: How Banks Secretly Create Money: [link to www.webofdebt.com] ALTERED GENES, TWISTED TRUTH: How the Venture to Genetically Engineer Our Food Has Subverted Science, Corrupted Government, and Systematically Deceived the Public: [link to www.amazon.com] 2028 End? [link to 2028end.com] |
Anonymous Coward User ID: 36350485 Portugal 03/17/2013 08:54 AM Report Abusive Post Report Copyright Violation | Mikaël Kerbourc'h ‏@kerbourchmikael The Botching of the Cyprus Bailout: Worse Than Lehman Brothers [link to oua.be] |