Holy Shit Here We Go: People are freaking out in Europe of the Cyprus bailout.

and so it begins

Its not such a bad thing to do in this case.
Most of the banks are financed by deposits.
The Russians have 20 billions alone there.
Any Russian oligarch with a billion deposit will be ridded off 100 millions.

This guy is now a target for a drone strike.

This could actually be the start of something big.
Real doom for once!!
Popcorn and beer guys!!

Thank St Patrick this was post here!

GLP effect means Cyprus people need not worry.

I cant view the videos for some reason.Can you or someone please post a link so I can click on it and view?Thanks You!

Our government takes a third of my paycheck every week and that seems to be OK with the majority of our population!!

Good luck, if bank runs start monday they will close the banks or limit withdrawals after a few hours.

If you complain or protest the police will come and arrest you.

If you are just thinking about this now you are too late.

Holy fuckover, it is being reported that Cyprus may invoke an additional bank holiday for Tuesday!!!!
[link to gulfnews.com]
[link to www.capitalfm.co.ke]

I'm hoping this means we see less people working in financial jobs. Less people dressed in stiff suits is good. Maybe lucrative jobs going foreword will be farmers, teachers, musicians, you know - enriching occupations. Not people who play around with numbers until they can screw someone over.

Oh shit! Not another bank holiday!!
I can't stand not being able to bank on Martin Luther King day and President's Day. GET TO WORK punks!

..& yet only a handful of "Ignorant Hippies" turned out to stop them.?

I need to be able to see what kind of interest my Roth IRA has built up 366 days a year! No more bank holidays!

cool down dude, it was sarcasm.
then your former generations are just dumb idiots, that are willing to sacrafice for our former generations idiots.
so who are more idiots.

zerohedge ‏@zerohedge
Cyprus Parliament session due today is cancelled and rescheduled for March 18 at 4 p.m.

Think they already got out their money otherwise we'll see some heads falling pretty soon

You're both pricks. He was talking about the fucking bankers attacking the sick and poor.

Watch it again.

Business Insider ‏@businessinsider
Of Course, The Potentially Disastrous Cyprus Bailout Deal Is Already Under Threat by @AutomaticEarth [link to read.bi]

And MSM says....


:::crickets::::

Have you seen what it said in the blogspot link you pasted.
Quote
"The main issue is the immediate haircutting of all deposits of all Cypriot banks (although oddly Greek depositors are excluded!). "
Say fecking WHAT!

One day after it was agreed on and announced by the Eurogroup and Cyprus president Nicos Anastasiades, the deal that would turn the Eurozone into a Pandora's box like no other EU measure to date has done looks like it may never reach the finish line. The Cypriot parliament, in which freshly elected Anastasiades holds just 20 of 56 seats, has pushed a vote on the deal forward until Monday, a clear sign that the president's political adversaries will not easily be locked into an agreement that is obviously and for good reason hugely unpopular.

As I wrote yesterday in Bank Run In Cyprus; Who's Next?, this very curious looking deal has the potential to kill off confidence in the EU banking sector practically overnight. If bank deposits in Cyprus are not guaranteed (even if only up to a maximum), there is no reason for people in other Eurozone countries to trust their deposits will be treated any differently. In Cyprus, if the deal is voted through parliament, depositors will lose between 6.75% and 9.99% of their money, but there is nothing to keep the EU/IMF/Worldbank troika from imposing 20% or 40% (or you name it cuts) on deposits in Italy, Spain, France, take your pick.

There are reports that Anastasiades accepted the "agreement" because Germany made it a do or die deal, but that still doesn't explain why Berlin would take such an obvious risk with the entire EU banking sector. Although I have to admit the risk apparently wasn't recognized yesterday by 95% or more of the international press, so you might be tempted to believe that neither Germany nor the rest of the Eurogroup saw it either. But that would be excessively stupid. And incompetent as they are, even I don't think they're that far gone.

I would think it's more likely that the 37% of deposits in Cyprus banks that are "foreign", i.e. largely Russian, have pushed European politicians into a crowdpleasing mode - punish the criminals! - that made them overlook broader consequences. But, really, that doesn't totally convince me either. Though I was greatly amused to read that Britain will compensate the 3500 troops it has stationed on Cyprus that have bank accounts there.

Still, when you see things happening that seem this far out of field, there's often an ulterior motive behind them. Like if the Eurogroup counted all along on Cyprus not accepting the terms of the deal forced upon it. Or Anastasiades counting on the fact that the deal would never be ratified by parliament.

Meanwhile, I'm curious to know who the Cypriot politicians on all sides of the aisle are talking to today. And yes, Beppe Grillo comes to mind again, Niall Farage perhaps. Who else can they expect any support from?

More tomorrow (the vote coincides with a national carnival holiday) and Tuesday. Let’s be clear on one thing in the meantime: the deal as it is on the table is an unmitigated disaster for Europe, and the effects will spill to at least the rest of the western world. At the same time, if Cyprus says no, the implied threat is that Europe will let it fall like a stone, bankrupt the banks, and throw it out of the Eurozone.

And that would be the end of the Eurozone; if Cyprus leaves, so will others. Are they really going to take that risk after 5 years, 500 emergency meetings and €5 trillion in bailouts? Hell no, you kidding?, but they still threaten to do it, and in such a transparent fashion? Why would Anastasiades, or anyone else for that matter, fall for that? Something doesn't add up here.

Read more: [link to www.theautomaticearth.com]

Only thing I wonder about is, Cyprus is a tiny speckle of an island outside Turkey. I would be more worried if it was a bigger european country.

How will this effect future Cyprus Hill albums?

Oh well, I live where I live, planned it.

Proverbs 22:3

A prudent man foreseeth the evil, and hideth himself: but the simple pass on, and are punished.

It's really strange... maby they don't want to pissing off greeks

This guy dosn't sound so crazy after all......hmmmm?

Because all of this is made up shit with made up consequences. Remember, money is just paper when it comes right down to it.

Taking wheelchairs from invalid children? I am disgusted. I agree this is robbery and something has to be done about it, but invalid children and cancer patients, how are they to blame?