Cyprus banks may never open again

This is the first time I have ever started a thread, let alone have one pinned. Isn't there a way to change the subject line? Thanks for any help in advance.

Cyprus banks never reopening + derivatives = tick tock

Asking who rule in the EU?

Greece, Cyprus... who is next???

Whom else Germany will dictate conditions?

wow

Better get your cash out now. This is how it all started in Cyprus.

Everyone who wants our money.

Not really surprising at all. They believe that the money we earn is just a loan from the central bank. They view our currency as their property. From their twisted perspective they have every right to confiscate their property.

We are slaves.

So go fuck yourself with bankers.

Ordinary people do not need your 4th reich.

[

b]Is Cyprus deposit levy the first sign of widespread wealth tax?

"The idea of a one-off wealth tax, however, is not new. Several research reports have pointed in recent years to the fact that the desperate need for funding in the public sector could - and probably will - eventually lead to confiscation of wealth in a monumental scale. Boston Consulting Group suggested in a recent report that about 29 percent of ALL private wealth, not just deposits, will eventually be likely to be confiscated to cover the debts already incurred. "

[link to www.tradingfloor.com]

Yeah, that makes sense in a polish brain.

"Why on earth did the Troika not save this shocker for a substantial occasion, say a bailout of Spain or Italy? Incompetence? Lack of market understanding? Or even more frighteningly - perhaps because of a wish to introduce this new tax tool to get the voter populations used to new ideas for milking the rich in the future?"

German brain can think only about how to grab others money and land.

Not mention about concentration camps.

If little Cyprus could say no, anyone can say no. Which means, Germany can´t force anyone to do anything.

What do you all think happened a JP Morgan Chase with the zero account balances?
it was an algorithm that was being tested, but wasn't supposed to be on actual customer accounts yet. their test environment went live and that was the "internal issue" they had.

sweet dreams everyone. the ball has started rolling down the hill and it is too heavy to stop.

You´re only mindlessly repeating stereotypes...

If you start thinking a litlle more carefully, you can probably figure out why it´s not so.

OMG, my Cyprus Dinars are worthless!

Im just telling truth.

Oh, that hurts, why not call me a Nazi. You are so original.

.

Last Edited by Quack on 03/20/2013 02:31 PM

more info:

"I just listened to the speech live and while this paraphrase is not an exact quote it cuts through the Bernanke blather to the real substance of what was said. For those who didn’t hear it themselves the reporter asks if it would be possible do they have the power could they or would they tax deposits and Bernanke nervously rambles a response about how they are a really tiny country we are big so it would be “extremely unlikely” in the united states plus the fdic is proud of never losing a dime and the american response to the crisis was to expand deposit insurance blah blah blah. The takeaway here is that his statement confirms that yes we have the power, we could, and we would potentially tax bank deposits if deemed necessary. Kind of like the Obama administration’s tacit admission that they believe they have the power to kill anyone in the United States but it is “unlikely” they would ever do that so don’t worry. "

source: [link to www.silverdoctors.com]

This makes sense. They made a mess with their banks, they should use their assets to clean up.

Expropriation from bank accounts should not even have been proposed.

I don't agree. They should never sell their natural resources to other countries. Then they would have nothing left of value and they are totally in the hands of Russia.

If anyone knows how to do "Scorched earth", It's Russia...

So, you can be original and start to tell us story about some alien invaders from unknown planet Nazi who took over your country and caused a world war and 80 million victims.




Nazi and Germans was the same.

IOW, the tax will be 100% rather than 9.9% or 6.75%.

The signal this sends to Greece, Italy, Spain and Portugal will be for some depositors to start puling their money out.

Banks only keep a very small percentage of their deposits on hand. Let's say 5% or 10%. IOW, if depositors ask for 15% to 20%, the banks don't have it!

The next week or two will tell us a lot.

Most Germans disapprove of what is happening and would gladly have the DM back.

They don´t want to dominate other countries, nor pay off their debts, nor print money. That, by the way, was the agreement each country accepted when they voluntarily joined the euro.

Russians already "shadow" own the two
biggest banks.
Cyprus is THE russian money laundry.

Lol Germany..100 yrs and still repeating the same tactics.

What the fuck are you even talking about you polish imbecile, this thread is about Cyprus, got it.

oh gawd, please gawd noo oh noeeez

;(

the system is gonna collepz