Cyprus banks may never open again

Oh, that must hurt.

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

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

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...

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

Why not sell it to Germany. Afterall they want money from us.

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

Thank you!!! Finally, someone has explained the end game in a way an ordinary person can understand. They want to own those lucrative banks! They made a play where it seems they can't lose. Of course another elite faction (Russia) can beat them and become the owners - same result for Cypriots, though.

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

That's exactly why Putin shot across the bow saying the demand on Cyprus was unprofessional and "DANGEROUS." Why would it be dangerous....Putin was essentially saying...back off and dont mess with Russian money.

There is one more factor that maybe the Euro bankers didn't consider. Some of the Russian money in those banks was deposited by Russian mafia kingpins.

The bankers better watch their backs. The Russian kingpins aren't likely to stand idly by as billions of dollars are taken from them.

Will anyone be surprised to learn some of these bankers are found murdered? Not me. Their hit men fly into a country, kill and fly out before anyone knows what happened.

If they want to sell, they should sell to the highest bidder...

But it would be quite appropriate if Germany gets something for the money, other than the same old "it wont happen again".

The russians have the choice of taking a hit or paying it all themselves.

These ridculous threats wont open the german taxpayer pocket.

If so, what should one think of all the other countries who keep falling for the same trick?

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

Where is this all leading too?

Lol, you're getting something man, it's called profit from interest, you guys describe it like you're giving free stuff or something, which is obviously not the case with loans.

Lol, you're getting something man, it's called profit from interest, you guys describe it like you're giving free stuff or something, which is obviously not the case with loans.

also keep in mind that when a bank fails, the assets are plundered by the take over banks..they get their assets and booked loans...those loans are secured by collateral...the acquisition bank can then take advantage of any stressed loans, accelerate the loans and seize the collateral.

if there are large loans collateralized by large commercial properties, gas and mineral rights, receivables of businesses, then the acquisition banks plunder the assets of the bank's customers...

this is really quite huge and alot is at stake other than existing deposits...

I would think preventing a bank run (the reason you stated was the purpose of the closing) would be considered a protection of the citizens of Cyprus. Go back to guessing what sex the royal baby is going to be.

are you being obtuse?

its not the countries, its the govts in collusion and/or desperation for what they thought was easy money and an easy ride up there with the big boys of europe. the eu accepted anyone and everypne, despite fixing the finances to gain entry, to brussel's knowledge

the whole project was a lie from the start. when people voted (something i have never had the opportunity to do) for the common market, the full truth of where it would lead. lisbon treaty? this treaty, that treaty?

people voted NO, but that was the wrong answer. brussels asked them again, until they gave the correct answer

its all about expansion, empire

Let me be clear. I'm not threatening anyone. Hell, I'm an American just watching things unfold.

My understanding that the Russian money in Cyprian banks is that it is private money from private Russian citizens, some of whom are very likely organized crime figures.

They don't play by the same rules you might want to follow. They will kill the people they believe are responsible for taking their money. Whether it opens the pocketbooks of the German banks is besides the point.

They send a message in the clearest terms. It's half revenge and half a warning shot to anyone who might try to steal their ill-gotten money again.

Mark my words. This is a high risk game the bankers are playing if they think they can wipe out Russian mafia money and not pay a big price.

they are blackmailing the people. take the 10% hit or lose all 100% of your money.

thats blackmail and theft, totally illegal.

Yeah LOL they say that like they do it for free.

You´re mixing things up.

If one says "Germany does this, Germany does that", then the same applies to the other countries.

As well, when you say that people didn´t want the euro or the EU, the same is true in Germany.

Harsh person you are, OP, aren't you?

I bet you that person is on Cyprus's and OUR side too.

Just disagrees about certain actions within the "happening."

BTW, I support most of what you say too.

Don't hit me, please. I am on most people's side here.

Calm down, dude.

Interest, sure...

Countries that are already broke will magically find the money to pay off even more debt and also the interest on it, huh?

hmm....

its about the people in charge! crikey, how many more times?


can we PLEASE remove our personal selves and our fellow proles from this equation?

WE DONT HAVE A SAY

well, except when elections come around, and even then, whoever we vote in just carries on the same old shit