FORCED LOANS (e.g. MF Global / Cyprus) are the last step historically before REVOLUTION

1. GDP of Cyprus 17.5 billion euros

2. Total bank deposits approximately 70 billion euros ($92 billion)
2b. Total bank assets approximately 125 billion euros.

3. The EU will inject 10 billion euros to the sovereign Cyprus

4. Cyprus sovereign debt 16.3 billion euros. Debt to GDP 93.3

5. With the bailout pkg, Cyprus Debt to GDP rises to 152%

6. The depositor tax lowers total debt by 5.8 billion euros.

7. Half of the depositors are Cypriots and half are Russian oligarchs.

The European Union and the European Central Bank and the IMF have just advocated the confiscation of private property for their own indulgence. Bank accounts are not bonds or stocks or some other form of investments. It is private property like your house or your car. Germany, France et al came in and said, "We want it and we are taking it and it is necessary for our government." These countries did not demand it, yet, from their own citizens though they might soon but they demanded it from the citizens of Cyprus in exchange for funds. This is not a European Union this is a European Fourth Reich!

"The moment the idea is admitted into society that property is not as sacred as the law of God, and that there is not a force of law and public justice to protect it, anarchy and tyranny commence."
-John Adams

The Euro is dead – long live the Pound, then the Dollar until it is their turn.

It was Martin Glenn who was the judge in New York on M.F. Global. He was the first one to engage in FORCED LOANS by abandoning the rule of law to help the bankers by protecting them from losses taking client accounts to cover M.F. Global’s losses. That is no different from what we saw in Cyprus.

This idea of taking money from depositors to protect the bankers is nothing knew. It is the final step in the process of major political change. The bondholders of these banks like the bankers should not be bailed in, as part of resolution plans. They should lose whatever they have and politicians have to stop borrowing and pampering these UNTOUCHABLES.

[link to armstrongeconomics.com]

:Corzine and Obam:

Attempted gun control and now forced loans -

The end of people asleep is near - more are waking up each day.

This is a 25-minute uninterrupted conversation with Harley Schlanger, historian and national Spokesperson for LaRouchePAC. Discussion: the latest from Cyprus and the Euro Zone where the Banksters in Germany, in the City of London and at the IMF have reached new levels of criminality. Make no mistake about it, as bad as the attempted THEFT in Cyprus is, the real risk is in Italy and France which owe HUNDREDS of BILLIONS. Cyprus is merely a litmus test for what the Banksters would really like to do, which is to RAPE the entire Euro Zone in order to “save” the criminal banks and save their overtly criminal, overtly evil system.

BrotherJohnF discusses the impending bank run looming when Cyprus’ banks are finally re-opened, and the Pandora’s Box that has been opened as a result of the ECB’s botched Cypriot/ Russian oligarch bank heist in his latest Silver Update:
Bank Runs!

when have "forced loans" sparked a revolution in history?...im just curious cuz i cant think of any.

I dont know why it wouldnt start some kind of revolution unless your country is full of docile inbred dumbshits.

Both the cities of Venice and Florence issued laws FORCING citizens to buy their bonds. This is what happens when they cannot sell new debt. They historically turn and by LAW command you to buy their bonds. They just seize your assets, hand you bonds back, pretend they are seizing nothing, and then default.

[link to armstrongeconomics.com]

Study the writings of historians such as Martin Armstrong - Many past governments have stolen the savings/money of thier people when they are desperate for funds - this happens at the end of goverments - a last ditch resort to maintain power. This is done when the debasement of money no longer works.

I attended the Soverign Debt Conference by Armstrong this last Saturday.

Historically, most all governments default on their debt. They simply to not plan to repay thier debts when they grow to unsustainable levels. Do you think the US is really planning on paying back the debt they owe? Numbers tell us they cannot, they know this. The people need to understand this.

Last Edited by No Dhimmi on 03/20/2013 06:36 AM

This idea of taking money from depositors to protect the bankers is nothing knew. It is the final step in the process of major political change. The bondholders of these banks like the bankers should not be bailed in, as part of resolution plans. They should lose whatever they have and politicians have to stop borrowing and pampering these UNTOUCHABLES.

-- M Armstrong

Future of the US?


Expect FORCED LOANS from this guy (Obama using an EXECUTIVE ORDER bypassing Congress entirely. The confiscation of gold by FDR was by EXECUTIVE ORDER! Thus, FORCED LOANS cannot be ruled out. The Republicans are incapable of looking at the trend either. So were are in a runaway taxi driven by a kangaroo.

[link to armstrongeconomics.com]

The final collapse of western civilization will be pegged to March 19, 2013 when all notions of personal property rights were officially extinguished.

Taking the bailout model to extremes - the EU has given Cyprus an ultimatum - either force savers to save banks, or go bankrupt. United Kingdom Independence Party MEP Nigel Farage gives his perspective on the deposit levy and Cypriot parliament vote.




March 2013 - the end of cycle for current US government

:224 year cycle:

Last Edited by No Dhimmi on 03/20/2013 06:52 AM

DO NOT sit around and wait for your money, be it in retirement accounts, stock accounts, money market accounts or even in simple bank accounts or CDs, to be stolen. There is probably going to be a small reaction lag as the low-information populaces of the Southern European countries (Greece, Italy, Spain, Portugal) are slow on the uptake of what has happened, but it won't last forever. Once Guido in Naples gets his head around this, the Eurozone will be O.V.E.R. And the the US banks carrying HUNDREDS OF TRILLIONS OF DOLLARS in leveraged European sovereign debt over-the-counter derivatives will implode into a black hole-esque singularity at the speed that information can cross the Atlantic Ocean, which AIN'T VERY DARN LONG, kids.


[link to www.barnhardt.biz]

Cyprus has fought back pretty effectively so far.

We in the USA didn't utter a peep when MF Global happened. Jon Corzine can still walk around a free man, I doubt he would be in any danger on the street.

BTW good catch comparing Cyprus to MF Global, I thought I was the only one who thought that way. My wife gets angry when I make that comparison.

Yes, if Obama can bypass Congress on this, he would succeed. The thing that stopped it in Cyprus so far is that the executive could not bypass the legislature, and the legislature voted "no" on the first package.

There was talk that the banking regulator (also part of the executive there, I suppose) would extend the bank holiday until they could grab the money, but that was also deemed too risky. Would it be risky here though? I suspect not, although favored business interests would not like it because they too would be negatively affected by the financial shutdown.

Most don't know history and are shocked when the cycles come around to THEM / History is not boring when you see how it affects YOU


Japan and Europe will decline next

The $ will soar, for a time

Then the US bond market will crash

An interesting blog post about this is here: [link to www.nakedcapitalism.com]

One of the points it makes is that not all the Russian depositors, even big depositors, are "oligarchs". Some are traditional businesses doing normal international business. International counterparties often prefer to do business in the Cyprus jurisdiction and court system rather than Russia, and the Russian businesses accommodate that.

I agree with all this, except your bold quote. It's unfair to Hitler who, to my knowledge, never did anything like this.

Paper contracts are not ideal for me at this time. Due to the current enviroment of fraud - I prefer:

Land

Tangible commodities IN HAND, not paper
Commodities are in a secular BULL MARKET - probably until 2032 - when the $ goes up (when Japan and Europe head down) commodities will go down due to the strong $ - this will not last. HOLD FIRM your commodities, buy more when the $ goes up. When the debt crisis hits the US, the dollar will decline.

Hitler did a lot of bad things. But he had a real personal feeling and affection for the German people. I don't think anyone can deny that.

Do the Eurocrats have affection for anyone? Do they even have human feelings? They seem like the most lizardlike beings anywhere in the world. Or maybe that's unfair to lizards.

Jews were forced to deposit all their money in banks, then forbidden to take their money out. The money was confiscated by the Nazis. Telephones were taken away.

[link to wiki.answers.com]

Last Edited by No Dhimmi on 03/20/2013 07:18 AM

The Programme of the German Workers' Party is designed to be of limited duration. The leaders have no intention, once the aims announced in it have been achieved, of establishing fresh ones, merely in order to increase, artificially, the discontent of the masses and so ensure the continued existence of the Party.
1. We demand the union of all Germany in a Greater Germany on the basis of the right of national self-determination.

2. We demand equality of rights for the German people in its dealings with other nations, and the revocation of the peace treaties of Versailles and Saint-Germain.

3. We demand land and territory (colonies) to feed our people and to settle our surplus population.

12. In view of the enormous sacrifices of life and property demanded of a nation by any war, personal enrichment from war must be regarded as a crime against the nation. We demand therefore the ruthless confiscation of all war profits.

[link to www.hitler.org]

If the IMF can support direct confiscation in one country, they can do it anywhere when and if it suits them

I guess they wanted to claw back profits made during WWI. Maybe this ended up targeting the Jews (did it? I am just trying to see the relevance of this post) but there are several steps between that and the assertion in your wikianswers link saying that Jews were forced to deposit all their money in banks where it was then taken away.

If anyone Jewish or not engaged in traitorous activity in WWI, I expect Hitler would want to punish them. Remember he was a brave and effective soldier for Germany in WWI.

History of the French Revolution. ... Local Jacobins had formed their own Revolutionary Tribunal, pushed through forced loans, disarmament and generally ...


[link to europeanhistory.about.com]

Last Edited by No Dhimmi on 03/20/2013 07:44 AM

Forced loans and the English Civil War

One of the reasons for the English Civil War (between Charles 1 and the parliament / other than religion and power) was money. Charles spent most all the tax money on paintings and clothes for his family instead of the country but he did like to spend some money on weapons in case of a war.

He had ruled for 11 years (known as the 'eleven years' tyranny' or 'Charles' personal rule') without calling a Parliament since he had found ways of raising money elsewhere - ship tax, forced loans and so on.

Once in place Parliament wasn't going to vote over money without first asking the King to do various things like stop with all the ship money and forced loans and star chambers and other reasons.

[link to wiki.answers.com]

The last act before a nation collapses is to loot the people.

What Can Happen If the US Government Seizes Private Bank Accounts From an Armed Population?

This article claims it can't happen here because of an armed populous - But I think it will be via default - the bond market will collapse.

The Federal Reserve is the banksters created monster to suck the wealth from the slaves.

[link to www.thelonestarwatchdog.com]


Inflation is a stealth tax upon the people.



Last Edited by No Dhimmi on 03/20/2013 08:00 AM

Financial Analyst Gregory Mannarino says the banking crisis in Cyprus is a signal of what is coming to the rest of the world. Mannarino says, “People are now going to start losing faith in these institutions. This cannot stand, and we may be very, very close to the pan-global financial collapse that I believe is coming.” Mannarino contends, “People do not understand that the debt owed by their nation is their debt. They own it. They are going to force people to pay one way or another. Haircuts are coming for everyone.” Mannarino contends, “There is a debt war going on right now.” Think what is happening in Cyprus can’t happen in the U.S? More than $10.8 trillion in deposits are insured by the FDIC with a $33 billion insurance fund. Mannarino says, “That’s pretty scary,” and the best way to protect yourself is to “get into real assets . . . there would be no problem if people in Cyprus would have heeded that advice.”

[link to usawatchdog.com]