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.

Asking who rule in the EU?

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

Whom else Germany will dictate conditions?

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

Everyone who wants our money.

So go fuck yourself with bankers.

Ordinary people do not need your 4th reich.

Yeah, that makes sense in a polish brain.

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.

You´re only mindlessly repeating stereotypes...

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

Im just telling truth.

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

.

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.

:history:

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

Best part is how Germany said it wasn't behind the runs...
Lol common.

The entire EU is a sham...

And they are struggling to get the final parts of the NAU in.

People need to realize that the problem with the NWO is there will be no voting....
But they continue to ignore it as some conspiracy theory fiction. Yet they openly use the words now...

Most Germans would gladly let Cyprus and the rest sink into bancruptcy. But then they would even cry more about how inhuman we are.

If we give them money they cry, if we don't give them money they cry.

It is obvious they should never have been part of the same economy union as ours.

There don´t seem to be many pleasant solutions left. They should have watched over their banking system a little more carefully.

The issue is not whether the money comes from Russia or elsewhere. It´s what they did with the money. To varied degrees, the same could probably be said of most countries in Europe, though.

They could let their banks implode, similar to iceland. And start from scratch. But their problem is they don't have another economic model other than "banking".

Well, I guess at least herding goats will not produce the lifestyle they wish.

Let me explain this in legal terms.


When you make a deposit, your money doesnt go into a box with your name on it at the bank. the money actually and legally goes into the general fund of the bank to be used for ordinary business expenses and serve as a basis to make loans.

What you get in return for your deposit is an "iou" payable upon demand. its a simple contract between you and the bank. your deposit is a 0% interest loan to the bank and it is legally required to pay it back upon your demand....in legal terms, its a demand note.

you are assigned an account number with your initial deposit or loan, and then future loans and payments are documented over time....i.e. your account statement.

then notion that you have money in the bank is an illusion...all you have is a contractual obligation for the bank to pay you back...you have no money in the bank so to speak.

the idea that the bank of cyprus is seizing 15% of deposits is an illusion too. essentially, the EU banks are telling the Cyprus banks that it is authorized to reduce demand note repayments down 15% in order to get the EU bailout...

the German Finance Minister has already said that the Bank of Cyprus is insolvent...which means that if everyone in the bank came to "withdraw their money" or demand repayment of their demand notes at once, the bank would not have the money on hand to pay it out and the bank would essentially fail. therefore, the bank needs to reduce its repayment obligations by 15% to increase its liquidity to better secure the repayment of the EU bailout.

however, news of this is going to cause a bank run, which will cause the bank of cyprus to fail..the EU bank is forcing the bank to take its bailout or risk the bank run and go out of business...its a hard nose tactic by EU banks to get Cyprus Bank to take the bailout on very favorable terms to the EU banks.

this bank run issue is part of the plan...all it does is make the bank's failure imminent..they cannot take the bank over till it fails..this bank run will do cause the failure quickly and they are using the media to perpetuate it.

they are also using the media to get bank runs going on other banks in the EU...the big banks cannot reorganize all the other banks till they fail...so here comes the bank runs.

they dont care to get the 15% "deposit funds" as the funds are a tiny portion of the total bailout..they want the banks...if they cant get the banks, like Cyprus, to accept their bailout terms, then they will force "deposit seizures", which as i said above, is really an illusion, but freaks people out and makes them run on the banks...this will cause the banks to fail and then they can get them and reorganize..they will get the banks either way through bailout acquisition or upon failure from bank runs...its just a matter of time.

i hope the Bank of Cyprus can hold it together or the future of that island is gone forever...

good luck

I agree.

Oh, that must hurt.

But I see here some similarities. You started to meddle again in the politics of other sovereign countries.

That´s the reason I would consider using assets, like gas reserves or leasing a naval base to the Russians, or whatever, in order to preserve the banking system. They can make a living off of that.

Stealing money from the Russians, somehow, doesn´t seem like a very good idea...