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BERNANKE STATES CYPRUS STYLE DEPOSITOR HAIRCUTS POSSIBLE IN US IF EVENTS IN EUROPE BECOME CONTAGIOUS!

 
Anonymous Coward
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03/20/2013 04:23 PM
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Re: BERNANKE STATES CYPRUS STYLE DEPOSITOR HAIRCUTS POSSIBLE IN US IF EVENTS IN EUROPE BECOME CONTAGIOUS!
Because you are now classified as an "Investor" in the bank, rather than a "Depositor". Investors can be required to provide capital infusions...

They changed your definition when they repealed Glass-Steagall...
 Quoting: Saddletramp


If this is true, what could have been the motivation behind something so feindish? Are these banker bastards that shrewd? I mean, to know the results of their intended actions to come in the future, years in the future?

If so, it really reinforces the fact that tarring and feathering isn't enough. Light them afterwards.
calx
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03/20/2013 04:26 PM

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Re: BERNANKE STATES CYPRUS STYLE DEPOSITOR HAIRCUTS POSSIBLE IN US IF EVENTS IN EUROPE BECOME CONTAGIOUS!
Because you are now classified as an "Investor" in the bank, rather than a "Depositor". Investors can be required to provide capital infusions...

They changed your definition when they repealed Glass-Steagall...
 Quoting: Saddletramp


If this is true, what could have been the motivation behind something so feindish? Are these banker bastards that shrewd? I mean, to know the results of their intended actions to come in the future, years in the future?

If so, it really reinforces the fact that tarring and feathering isn't enough. Light them afterwards.
 Quoting: Anonymous Coward 36568650


The house always wins. I'm not taking any chances anymore. The precedent set in Cyprus is the final straw. The EU is contemplating doing the same thing to Italy and I read that even New Zealand is considering pilfering depositors' *ahem* investors' cash. Going to the bank tomorrow to take out a bunch more FRNs.

Investor my ass! The bank is there to safeguard your cash not speculate in the market with it! To hell with all of them.
He whose face gives no light shall never become a star. - William Blake
miked

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03/20/2013 04:29 PM

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Re: BERNANKE STATES CYPRUS STYLE DEPOSITOR HAIRCUTS POSSIBLE IN US IF EVENTS IN EUROPE BECOME CONTAGIOUS!
Folks get your game day buckets on!
 Quoting: 6EQUJ5


not a sports person. what does that mean?
if someone asks if you're a god, you say yes!
Anonymous Coward
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03/20/2013 04:35 PM
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Re: BERNANKE STATES CYPRUS STYLE DEPOSITOR HAIRCUTS POSSIBLE IN US IF EVENTS IN EUROPE BECOME CONTAGIOUS!
Here's the Press Conference video, now to find the relevant talk...
 Quoting: Propagandiated


@ 47:25 Min/Sec
 Quoting: 6EQUJ5


OK he said

(1) Cyprus is tiny, we are huge, and that matters. What really matters is that we're so huge, we are the world's reserve currency. We can print our way out of debt. Cyprus cannot.

(2) The only problem would be if the bank run psychology becomes contagious. I agree that's what he should be worried about. It's so fucking bizarre that the Eurocrats would ruin worldwide banking confidence -- as they have. But I don't think he meant that even if the contagion comes to the USA, it would be solved by haircutting depositors. (Indeed that would make it worse.)

(3) He mentioned that the FDIC has been very reliable in preventing losses in insured deposits.

So I think OP misstated (or "mistranslated") Bernanke's meaning, totally. He didn't say what OP says he did.
Anonymous Coward
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03/20/2013 04:36 PM
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Re: BERNANKE STATES CYPRUS STYLE DEPOSITOR HAIRCUTS POSSIBLE IN US IF EVENTS IN EUROPE BECOME CONTAGIOUS!
:ben:
 Quoting: Dr. Ben Schillen


Even though he is just a puppet, I would still love to punch him in the face until he screams like a bitch.
Anonymous Coward
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03/20/2013 04:38 PM
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Re: BERNANKE STATES CYPRUS STYLE DEPOSITOR HAIRCUTS POSSIBLE IN US IF EVENTS IN EUROPE BECOME CONTAGIOUS!
Because you are now classified as an "Investor" in the bank, rather than a "Depositor". Investors can be required to provide capital infusions...

They changed your definition when they repealed Glass-Steagall...
 Quoting: Saddletramp


Got a link for that? I've never heard of it.

Since Glass-Steagall wasn't needed to classify depositors as depositors, how could its repeal reclassify them?
Anonymous Coward
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03/20/2013 04:38 PM
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Re: BERNANKE STATES CYPRUS STYLE DEPOSITOR HAIRCUTS POSSIBLE IN US IF EVENTS IN EUROPE BECOME CONTAGIOUS!
At 3:18 PM EST Bernanke was whether a seizure of deposits could happen to US depositors as in Cyprus, if the economy gets worse?
Beranke’s translated response: Only if the Cyprus event or another event in Europe were to become contagious and the people lose confidence in the US dollar

[link to www.silverdoctors.com]
 Quoting: gebahie


Bernanke needs a good beating. And a good amount of time in federal prison as well, IMO.
6EQUJ5

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03/20/2013 04:39 PM

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Re: BERNANKE STATES CYPRUS STYLE DEPOSITOR HAIRCUTS POSSIBLE IN US IF EVENTS IN EUROPE BECOME CONTAGIOUS!
Here's the Press Conference video, now to find the relevant talk...
 Quoting: Propagandiated


@ 47:25 Min/Sec
 Quoting: 6EQUJ5


OK he said

(1) Cyprus is tiny, we are huge, and that matters. What really matters is that we're so huge, we are the world's reserve currency. We can print our way out of debt. Cyprus cannot.

(2) The only problem would be if the bank run psychology becomes contagious. I agree that's what he should be worried about. It's so fucking bizarre that the Eurocrats would ruin worldwide banking confidence -- as they have. But I don't think he meant that even if the contagion comes to the USA, it would be solved by haircutting depositors. (Indeed that would make it worse.)

(3) He mentioned that the FDIC has been very reliable in preventing losses in insured deposits.

So I think OP misstated (or "mistranslated") Bernanke's meaning, totally. He didn't say what OP says he did.
 Quoting: Anonymous Coward 33389306


sheepple
Winners Always Win
losers always lose
Anonymous Coward
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03/20/2013 04:40 PM
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Re: BERNANKE STATES CYPRUS STYLE DEPOSITOR HAIRCUTS POSSIBLE IN US IF EVENTS IN EUROPE BECOME CONTAGIOUS!
:ben:
 Quoting: Dr. Ben Schillen


:heliben:
 Quoting: The Comedian


That action figure........is SO damn funny......made me choke up.........

An SO true...............................lolatu
Anonymous Coward
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03/20/2013 04:41 PM
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Re: BERNANKE STATES CYPRUS STYLE DEPOSITOR HAIRCUTS POSSIBLE IN US IF EVENTS IN EUROPE BECOME CONTAGIOUS!
:pin:

:bernankeflip:
 Quoting: No More Lies


If you listen to fools the mob rules.bump
Anonymous Coward
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03/20/2013 04:45 PM
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Re: BERNANKE STATES CYPRUS STYLE DEPOSITOR HAIRCUTS POSSIBLE IN US IF EVENTS IN EUROPE BECOME CONTAGIOUS!
Where is the Silver Doctors source that he said this?

I'm looking here and don't see anything at time 3:18.

[link to blogs.marketwatch.com]
Epic Beard Guy
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03/20/2013 04:50 PM

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Re: BERNANKE STATES CYPRUS STYLE DEPOSITOR HAIRCUTS POSSIBLE IN US IF EVENTS IN EUROPE BECOME CONTAGIOUS!
What they are trying not to say is "Don't leave anything in a bank that you can't afford to lose". Having money in the bank is just like taking it to Vegas. You know you will lose it, it's just a question of how long will it take.
Hope for the best, but prepare for the worst.
"America is at that awkward stage. It's too late to work within the system, but too early to shoot the bastards." -- Claire Wolfe
Quasar

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03/20/2013 04:52 PM

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Re: BERNANKE STATES CYPRUS STYLE DEPOSITOR HAIRCUTS POSSIBLE IN US IF EVENTS IN EUROPE BECOME CONTAGIOUS!
It must be part of the plan.

Hold on to your gold and I do mean physical not paper...
Born of the Cosmos...

"Gold is the money of kings; silver is the money of gentlemen; barter is the money of peasants; but debt is the money of slaves."

Non Nobis Domine, Non Nobis, Sed Nomini Tuo Da Gloriam...
Anonymous Coward
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03/20/2013 04:55 PM
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Re: BERNANKE STATES CYPRUS STYLE DEPOSITOR HAIRCUTS POSSIBLE IN US IF EVENTS IN EUROPE BECOME CONTAGIOUS!
Because you are now classified as an "Investor" in the bank, rather than a "Depositor". Investors can be required to provide capital infusions...

They changed your definition when they repealed Glass-Steagall...
 Quoting: Saddletramp


If this is true, what could have been the motivation behind something so feindish? Are these banker bastards that shrewd? I mean, to know the results of their intended actions to come in the future, years in the future?

If so, it really reinforces the fact that tarring and feathering isn't enough. Light them afterwards.
 Quoting: Anonymous Coward 36568650


The house always wins. I'm not taking any chances anymore. The precedent set in Cyprus is the final straw. The EU is contemplating doing the same thing to Italy and I read that even New Zealand is considering pilfering depositors' *ahem* investors' cash. Going to the bank tomorrow to take out a bunch more FRNs.

Investor my ass! The bank is there to safeguard your cash not speculate in the market with it! To hell with all of them.
 Quoting: calx


Well, they really aren't leaving us much choice in what course of action to take now are they? It's one thing to steal your deposits, it's quite another to tell you they may do it a second time in another country. If that's not the "house" telling you that you are about to be pilfered, I don't know what is!

I'm starting my withdrawals tomorrow as well....because if you don't, the best you can hope for when they do take your deposits, oops, I meant investments from you will be a snide remark of "well, we did warn you!"

Is this report genuinely true, because if so, it is the dumbest course of action to take in regards to the health of the system. If it is true, I'd tend to think distrust and panic was the desired outcome the whole time...
gebahie (OP)

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03/20/2013 05:07 PM

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Re: BERNANKE STATES CYPRUS STYLE DEPOSITOR HAIRCUTS POSSIBLE IN US IF EVENTS IN EUROPE BECOME CONTAGIOUS!
Because you are now classified as an "Investor" in the bank, rather than a "Depositor". Investors can be required to provide capital infusions...

They changed your definition when they repealed Glass-Steagall...
 Quoting: Saddletramp


If this is true, what could have been the motivation behind something so feindish? Are these banker bastards that shrewd? I mean, to know the results of their intended actions to come in the future, years in the future?

If so, it really reinforces the fact that tarring and feathering isn't enough. Light them afterwards.
 Quoting: Anonymous Coward 36568650


The house always wins. I'm not taking any chances anymore. The precedent set in Cyprus is the final straw. The EU is contemplating doing the same thing to Italy and I read that even New Zealand is considering pilfering depositors' *ahem* investors' cash. Going to the bank tomorrow to take out a bunch more FRNs.

Investor my ass! The bank is there to safeguard your cash not speculate in the market with it! To hell with all of them.
 Quoting: calx


Well, they really aren't leaving us much choice in what course of action to take now are they? It's one thing to steal your deposits, it's quite another to tell you they may do it a second time in another country. If that's not the "house" telling you that you are about to be pilfered, I don't know what is!

I'm starting my withdrawals tomorrow as well....because if you don't, the best you can hope for when they do take your deposits, oops, I meant investments from you will be a snide remark of "well, we did warn you!"

Is this report genuinely true, because if so, it is the dumbest course of action to take in regards to the health of the system. If it is true, I'd tend to think distrust and panic was the desired outcome the whole time...
 Quoting: Anonymous Coward 36568650


Wise move!
Anonymous Coward
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03/20/2013 05:20 PM
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Re: BERNANKE STATES CYPRUS STYLE DEPOSITOR HAIRCUTS POSSIBLE IN US IF EVENTS IN EUROPE BECOME CONTAGIOUS!
time to be stacking cold hard cash, silver bullion, gold bullion and palladium bullion.
Anonymous Coward
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03/20/2013 05:25 PM
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Re: BERNANKE STATES CYPRUS STYLE DEPOSITOR HAIRCUTS POSSIBLE IN US IF EVENTS IN EUROPE BECOME CONTAGIOUS!
He said "it would be highly unlikely."

He DID NOT SAY would NOT happen.
calx
God save the republic

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03/20/2013 05:31 PM

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Re: BERNANKE STATES CYPRUS STYLE DEPOSITOR HAIRCUTS POSSIBLE IN US IF EVENTS IN EUROPE BECOME CONTAGIOUS!
He said "it would be highly unlikely."

He DID NOT SAY would NOT happen.
 Quoting: Anonymous Coward 35918371


A long time ago he said they wouldn't monetize US debt either.
He whose face gives no light shall never become a star. - William Blake
gebahie (OP)

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03/20/2013 05:37 PM

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Re: BERNANKE STATES CYPRUS STYLE DEPOSITOR HAIRCUTS POSSIBLE IN US IF EVENTS IN EUROPE BECOME CONTAGIOUS!
He said "it would be highly unlikely."

He DID NOT SAY would NOT happen.
 Quoting: Anonymous Coward 35918371


A long time ago he said they wouldn't monetize US debt either.
 Quoting: calx







Last Edited by gebahie on 03/20/2013 05:40 PM
Anonymous Coward
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03/20/2013 05:42 PM
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Re: BERNANKE STATES CYPRUS STYLE DEPOSITOR HAIRCUTS POSSIBLE IN US IF EVENTS IN EUROPE BECOME CONTAGIOUS!
(1) Cyprus is tiny, we are huge, and that matters. What really matters is that we're so huge, we are the world's reserve currency. We can print our way out of debt. Cyprus cannot.

 Quoting: Anonymous Coward 33389306


How can we print our way out of debt within the context of the current system? Our currency is debt based currency, the government sells bonds at interest and money is created because the primary bond dealers must use federal reserve credit to buy the bonds.

They roll over old debt with new debt. If they could just print money to pay off the debt why don't they do it? I'll tell you why because the banks would be instantly out of a job. They are debt mongers, the sell debt they leverage everyone to the moon and make a profit for themselves.

So again, how can we print our way out of debt?

.
gebahie (OP)

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03/20/2013 05:43 PM

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Re: BERNANKE STATES CYPRUS STYLE DEPOSITOR HAIRCUTS POSSIBLE IN US IF EVENTS IN EUROPE BECOME CONTAGIOUS!
Its all a world game!!!

What do you believe?

We are here the line is set..

Choose
gebahie (OP)

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03/20/2013 05:44 PM

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Re: BERNANKE STATES CYPRUS STYLE DEPOSITOR HAIRCUTS POSSIBLE IN US IF EVENTS IN EUROPE BECOME CONTAGIOUS!
Its all a world game!!!

What do you believe?

We are here the line is set..


Choose
 Quoting: gebahie
calx
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03/20/2013 05:53 PM

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Re: BERNANKE STATES CYPRUS STYLE DEPOSITOR HAIRCUTS POSSIBLE IN US IF EVENTS IN EUROPE BECOME CONTAGIOUS!
Haircuts for everyone!

buzzed
He whose face gives no light shall never become a star. - William Blake
Anonymous Coward
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03/20/2013 05:58 PM
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Re: BERNANKE STATES CYPRUS STYLE DEPOSITOR HAIRCUTS POSSIBLE IN US IF EVENTS IN EUROPE BECOME CONTAGIOUS!
At 3:18 PM EST Bernanke was whether a seizure of deposits could happen to US depositors as in Cyprus, if the economy gets worse?
Beranke’s translated response: Only if the Cyprus event or another event in Europe were to become contagious and the people lose confidence in the US dollar

[link to www.silverdoctors.com]
 Quoting: gebahie



In my opinion, ANY attempt by ANY U.S. governmental entity to STEAL ANY money from private citizens should be met with, shall I say, a "vigorous" response, and perhaps no response would be too vigorous.

It would be the SAME as a burglar breaking into your house.

Enough said.
GFX guy

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03/20/2013 06:07 PM
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Re: BERNANKE STATES CYPRUS STYLE DEPOSITOR HAIRCUTS POSSIBLE IN US IF EVENTS IN EUROPE BECOME CONTAGIOUS!
At 3:18 PM EST Bernanke was whether a seizure of deposits could happen to US depositors as in Cyprus, if the economy gets worse?
Beranke’s translated response: Only if the Cyprus event or another event in Europe were to become contagious and the people lose confidence in the US dollar

[link to www.silverdoctors.com]
 Quoting: gebahie



In my opinion, ANY attempt by ANY U.S. governmental entity to STEAL ANY money from private citizens should be met with, shall I say, a "vigorous" response, and perhaps no response would be too vigorous.

It would be the SAME as a burglar breaking into your house.

Enough said.
 Quoting: Anonymous Coward 1222180


Criminal!
banksterswanted
Anonymous Coward
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03/20/2013 06:14 PM
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Re: BERNANKE STATES CYPRUS STYLE DEPOSITOR HAIRCUTS POSSIBLE IN US IF EVENTS IN EUROPE BECOME CONTAGIOUS!
WTF we already paid tax on the fucking money in our acct. that is a private account. this has gone far enough ladies and gents. he should not imply anything like that... where are our governors who will stand up against these monsters. why do we even have politicians? the fed must go...
Anonymous Coward
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03/20/2013 06:21 PM
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Re: BERNANKE STATES CYPRUS STYLE DEPOSITOR HAIRCUTS POSSIBLE IN US IF EVENTS IN EUROPE BECOME CONTAGIOUS!
At 3:18 PM EST Bernanke was whether a seizure of deposits could happen to US depositors as in Cyprus, if the economy gets worse?
Beranke’s translated response: Only if the Cyprus event or another event in Europe were to become contagious and the people lose confidence in the US dollar

[link to www.silverdoctors.com]
 Quoting: gebahie



In my opinion, ANY attempt by ANY U.S. governmental entity to STEAL ANY money from private citizens should be met with, shall I say, a "vigorous" response, and perhaps no response would be too vigorous.

It would be the SAME as a burglar breaking into your house.

Enough said.
 Quoting: Anonymous Coward 1222180


What you say is unarguably true....however, what did you think the net result was when the bank bailouts occurred when all of these hundreds of billions of dollars came into existence merely to support a system caught in the fallacies of it's own design?

That was just as much a burglar breaking into your savings. Only now, it is not convoluted for even the most simple dolt to realize the theft they are trying to pull off.
Anonymous Coward
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03/20/2013 06:34 PM
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Re: BERNANKE STATES CYPRUS STYLE DEPOSITOR HAIRCUTS POSSIBLE IN US IF EVENTS IN EUROPE BECOME CONTAGIOUS!
This man has answers. We must all become more knowledgeable to argue against these new types of thefts. Here is the short, 6-minute, must-listen video (scroll down in text to find video clip): [link to www.cnbc.com]


Cyprus Tax: 'Blowing Capitalism's Brains Out'
Steve Keen, professor of economics at the University of Western Sydney, argues that if you destroy the trust depositors have in their bank accounts then you destroy the oil of capitalism.
Anonymous Coward
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Re: BERNANKE STATES CYPRUS STYLE DEPOSITOR HAIRCUTS POSSIBLE IN US IF EVENTS IN EUROPE BECOME CONTAGIOUS!
At 3:18 PM EST Bernanke was whether a seizure of deposits could happen to US depositors as in Cyprus, if the economy gets worse?
Beranke’s translated response: Only if the Cyprus event or another event in Europe were to become contagious and the people lose confidence in the US dollar

[link to www.silverdoctors.com]
 Quoting: gebahie



In my opinion, ANY attempt by ANY U.S. governmental entity to STEAL ANY money from private citizens should be met with, shall I say, a "vigorous" response, and perhaps no response would be too vigorous.

It would be the SAME as a burglar breaking into your house.

Enough said.
 Quoting: Anonymous Coward 1222180


What you say is unarguably true....however, what did you think the net result was when the bank bailouts occurred when all of these hundreds of billions of dollars came into existence merely to support a system caught in the fallacies of it's own design?

That was just as much a burglar breaking into your savings. Only now, it is not convoluted for even the most simple dolt to realize the theft they are trying to pull off.
 Quoting: Anonymous Coward 36568650


Well if you want to get technical a nickel in 1913 could buy what a dollar buys today, I think it's actually a little less maybe 4 cents but you get the picture.

Wages haven't gone up as much in comparison. The difference is pure theft.

We could also look at natural deflation versus artificial inflation. By all accounts our economy should always be experiencing deflation in prices. As businesses get started they learn how to more efficiently do what they do, make widgets or clean your ventilation ducts they get better and so do the competition so naturally prices should get lower over time but we see prices ALWAYS increase.

The difference between what prices SHOULD be as per natural deflation and what the really ARE is the amount of actual theft that has occurred, and it has to be at least twice as much as what we assume for depreciation of the currency.

.
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03/20/2013 06:39 PM
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Re: BERNANKE STATES CYPRUS STYLE DEPOSITOR HAIRCUTS POSSIBLE IN US IF EVENTS IN EUROPE BECOME CONTAGIOUS!
Thanks to the one that found the time stamp in the video.

This is why it's important to follow sources and weed through the sensationalism.
 Quoting: Propagandiated


Actally the translation in this case is exactly what Siverdollars said it was. They did not misconstrue it a bit.

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