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Cyprus Citizens - 100% deposits GONE - POOF, like a fart in the wind...

 
Sivaro

User ID: 8361466
United States
03/25/2013 06:03 PM

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Re: Cyprus Citizens - 100% deposits GONE - POOF, like a fart in the wind...
unbelievable, targeted bank seizures based on race of depositor.

Racist sons of bitches these bankers are sadistic freaks.

Please, just arrest them and their children. They don't deserve to spread on this earth.
 Quoting: Anonymous Coward 35737972


Care to elaborate?


What is racist about it all?
Anonymous Coward
User ID: 36835452
03/25/2013 06:04 PM
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Re: Cyprus Citizens - 100% deposits GONE - POOF, like a fart in the wind...
Reason #493726 to never live in or near a Muzzie Nation.
The End
 Quoting: Anonymous Coward 7465905



what THE FUCK the "muzzies" have to do with all this??


wtf
Sivaro

User ID: 8361466
United States
03/25/2013 06:08 PM

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Re: Cyprus Citizens - 100% deposits GONE - POOF, like a fart in the wind...
Reason #493726 to never live in or near a Muzzie Nation.
The End
 Quoting: Anonymous Coward 7465905


Better reason to not allow Talmudist to cotrol your banks and money system.
FreakObserver

User ID: 36846432
United States
03/25/2013 06:08 PM

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Re: Cyprus Citizens - 100% deposits GONE - POOF, like a fart in the wind...
:putins3:
Anonymous Coward
User ID: 7465905
United States
03/25/2013 06:09 PM
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Re: Cyprus Citizens - 100% deposits GONE - POOF, like a fart in the wind...
Reason #493726 to never live in or near a Muzzie Nation.
The End
 Quoting: Anonymous Coward 7465905


Better reason to not allow Talmudist to cotrol your banks and money system.
 Quoting: Sivaro


Long Live Israel! Bitches
Anonymous Coward
User ID: 36835452
03/25/2013 06:09 PM
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Re: Cyprus Citizens - 100% deposits GONE - POOF, like a fart in the wind...
I better the best part of the island of Cyprus to be right now is Famagusta...

At least in Famagusta the banks are open, and people still have their money....
Anonymous Coward
User ID: 36835452
03/25/2013 06:09 PM
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Re: Cyprus Citizens - 100% deposits GONE - POOF, like a fart in the wind...
I bet the best part of the island of Cyprus to be right now is Famagusta...

At least in Famagusta the banks are open, and people still have their money....
SteamrolledGobias

User ID: 15716609
United States
03/25/2013 06:12 PM

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Re: Cyprus Citizens - 100% deposits GONE - POOF, like a fart in the wind...
so what does this mean long-term?

will the euro make it another 4 weeks?
Sivaro

User ID: 8361466
United States
03/25/2013 06:13 PM

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Re: Cyprus Citizens - 100% deposits GONE - POOF, like a fart in the wind...
Reason #493726 to never live in or near a Muzzie Nation.
The End
 Quoting: Anonymous Coward 7465905


Better reason to not allow Talmudist to cotrol your banks and money system.
 Quoting: Sivaro


Long Live Israel! Bitches
 Quoting: Anonymous Coward 7465905


Long may it live in memory.

I will take their motto. Never forgive, NEVER forget.
TheTruthWorker

User ID: 14354297
United States
03/25/2013 06:16 PM
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Re: Cyprus Citizens - 100% deposits GONE - POOF, like a fart in the wind...
I have to tell you, those deposits were insured just like they are here in the states. You think Obama wouldn't do that here? Whoot!!! Think again.
 Quoting: Anonymous Coward 27921992


FDIC has less than 25 billion in insurance money to insure trillions in US deposits...
 Quoting: Anonymous Coward 1003364


Fractional Deposit Insurance Charade
Anonymous Coward
User ID: 34142171
Denmark
03/25/2013 06:18 PM
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Re: Cyprus Citizens - 100% deposits GONE - POOF, like a fart in the wind...
no need to open now. Good chance there's nothing left if the Russians pulled out their cash. fucking lol - we're all fucked!
Anonymous Coward
User ID: 36873675
United States
03/25/2013 06:18 PM
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Re: Cyprus Citizens - 100% deposits GONE - POOF, like a fart in the wind...
Poof huh? I keep on hearing poof because I want home prices to go back down but I really need the market to tank, I really liked where home prices were 1.5 year ago. But didn't have money then and now it's a seller market. Darn.
Anonymous Coward
User ID: 36858809
United States
03/25/2013 06:24 PM
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Re: Cyprus Citizens - 100% deposits GONE - POOF, like a fart in the wind...
I have to tell you, those deposits were insured just like they are here in the states. You think Obama wouldn't do that here? Whoot!!! Think again.
 Quoting: Anonymous Coward 27921992


FDIC has less than 25 billion in insurance money to insure trillions in US deposits...
 Quoting: Anonymous Coward 1003364


It's even worse than that. Although there might be a bookkeeping entry that claims to have $25 billion in it, in actuality there is -0- in the account.

This was revealed back in the Reagan administration.

The head of the FDIC went to visit the Secretary of Treasury Regan to see where this money supposedly was. Regan informed the FDIC chairman there was no such separate account. Rather it was mixed in with the general account - which is always overdrawn in the sense that the US runs a constant deficit and has to BORROW to pay its bills.

Not that the $25 billion would matter because like you say, it is a drop in the bucket.
A-pocalypseAnnie

User ID: 31781644
United States
03/25/2013 06:27 PM

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Re: Cyprus Citizens - 100% deposits GONE - POOF, like a fart in the wind...
so what does this mean long-term?

will the euro make it another 4 weeks?
 Quoting: SteamrolledGobias

don't know much bout that but it's looking like the fkning to the average poor person...and that ain't good damned
howdy
Anonymous Coward
User ID: 32617908
United States
03/25/2013 06:27 PM
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Re: Cyprus Citizens - 100% deposits GONE - POOF, like a fart in the wind...
This Cyrpus thing has been al over the place, and right now it's hard to tell exactly what is happening. Did they steal all the money? Did the Russians ditch and run? What is really happening?

ZeroCredibility links mean nothing. Where's solid fact?
Anonymous Coward
User ID: 28232375
United States
03/25/2013 06:29 PM
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Re: Cyprus Citizens - 100% deposits GONE - POOF, like a fart in the wind...
I do wonder where the Russkies put their money this time...
Citizenperth
FUKUSHIMA, GLPTARD 24/7/365

User ID: 36740537
Australia
03/25/2013 06:31 PM

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Re: Cyprus Citizens - 100% deposits GONE - POOF, like a fart in the wind...
buy seeds...


pop them in the ground and they grow


you can eat them later.. or better yet, sell them to the bankers so they don't starve......

once you have some you got more seeds = % interest.....

Last Edited by Citizenperth on 03/25/2013 06:32 PM
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Anonymous Coward
User ID: 36868715
United States
03/25/2013 06:32 PM
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Re: Cyprus Citizens - 100% deposits GONE - POOF, like a fart in the wind...
yeah, lets blame the ruskies for getting their money out, feel sorry for the Cypriots, and totally forget the rothshield scum that set all this up.


right OP?
Children of the Atom

User ID: 20257839
United States
03/25/2013 06:35 PM
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Re: Cyprus Citizens - 100% deposits GONE - POOF, like a fart in the wind...
I have to tell you, those deposits were insured just like they are here in the states. You think Obama wouldn't do that here? Whoot!!! Think again.
 Quoting: Anonymous Coward 27921992


FDIC has less than 25 billion in insurance money to insure trillions in US deposits...
 Quoting: Anonymous Coward 1003364


crazycruise

Exactly, like here's what's behind door number 2!!


Anonymous Coward
User ID: 36874950
Austria
03/25/2013 06:35 PM
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Re: Cyprus Citizens - 100% deposits GONE - POOF, like a fart in the wind...
but what if you have only debt on the bank account.

THATS NOT FAIR, will it also reset to zero???

ah
sockpuppet
Anonymous Coward
User ID: 28649819
United States
03/25/2013 06:37 PM
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Re: Cyprus Citizens - 100% deposits GONE - POOF, like a fart in the wind...
breaking all cyprus banks to be reopened by thursday
 Quoting: Anonymous Coward 5763636


Yea, like that will happen !
 Quoting: Anonymous Coward 33838111


Holy Thursday, Batman!
Useless Cookie Eater

User ID: 29696048
United States
03/25/2013 06:38 PM

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Re: Cyprus Citizens - 100% deposits GONE - POOF, like a fart in the wind...
breaking right now on fox news... all depositors over 100 thousand to loose 40% of their savings.
 Quoting: Anonymous Coward 5763636


Yep...100k EURO = 130K US dollars.
Anonymous Coward
User ID: 32017112
United States
03/25/2013 06:39 PM
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Re: Cyprus Citizens - 100% deposits GONE - POOF, like a fart in the wind...
Whats really funny through this whole mess, was last week the Cypriots were asked to tax the accounts at 9.9%

They rejected that because it was unpopular.

Instead they have opted for taxing them at anything from 30-70%.

Everyone seems to have forgotten about the 10% they were originally offered.

Its fucking madness, how did they reject 10% and agree to 70?

Something is wrong with the whole way this has been negotiated and handled it doesn't make sense.
 Quoting: Anonymous Coward 36833261



Obviously the 9.9% tax was a ruse, which of course the Cyprus parliment was in on. What eventually happened was the plan all along.
Anonymous Coward
User ID: 36723136
United States
03/25/2013 06:41 PM
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Re: Cyprus Citizens - 100% deposits GONE - POOF, like a fart in the wind...
Now they have said that Cyprus is a template, just imagine what happens when Italy needs a bailout.

It will be game over for the Euro.

Its not a matter of if the Euro will go, but a matter of when.

It hasn't sunk in to the Eurocrats in Brussels yet.
 Quoting: Anonymous Coward 36833261


Let's hope it's the beginning of the end for the eurozone and the EU pipe dream. Let it all carsh.
 Quoting: Anonymous Coward 36849095


their "pipe dream" was to destroy our power with the Metric System and i guess the Euro. So they are still half way there. Let us see what they can do with half a glass of it all.
Children of the Atom

User ID: 20257839
United States
03/25/2013 06:44 PM
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Re: Cyprus Citizens - 100% deposits GONE - POOF, like a fart in the wind...
breaking right now on fox news... all depositors over 100 thousand to loose 40% of their savings.
 Quoting: Anonymous Coward 5763636


Yep...100k EURO = 130K US dollars.
 Quoting: Useless Cookie Eater


FX trader?
SaveUSa

User ID: 36747660
United States
03/25/2013 06:44 PM

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Re: Cyprus Citizens - 100% deposits GONE - POOF, like a fart in the wind...
Whats really funny through this whole mess, was last week the Cypriots were asked to tax the accounts at 9.9%

They rejected that because it was unpopular.

Instead they have opted for taxing them at anything from 30-70%.

Everyone seems to have forgotten about the 10% they were originally offered.

Its fucking madness, how did they reject 10% and agree to 70?

Something is wrong with the whole way this has been negotiated and handled it doesn't make sense.
 Quoting: Anonymous Coward 36833261


Time (these days only a few minutes is all one needs), a few threats made toward the appropriate key decision makers within the banks (and maybe their families), and the miracles of electronic transfer combined with a willing and generally crooked electorate - and there you have it.

The end.
Within the surreal depths of "reality" lies the truth.
Anonymous Coward
User ID: 36793450
United States
03/25/2013 06:48 PM
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Re: Cyprus Citizens - 100% deposits GONE - POOF, like a fart in the wind...
"The stealth withdrawals by Russians of course means that the two megabanks are now utterly drained of capital, and that the haircuts on those who still have unsecured deposits with the two banks will be so big it will likely mean a complete wipeout of all deposits. As in 0% recovery on your deposits!

In other words, by now any big Russian funds in Cyprus are long gone, and the only damage accrues to the locals: for one reason because their money over the critical EUR100K threshold has been "vaporized", and for another because the marginal driving force and loan demand creator in Cyprus, the Russians, are gone and are never coming back again.

This is what passes for monetary real-politik in the New Normal - an entire nation becomes collateral when pursuing a wealthy group of people.

If we were Cypriots at this point we would be angry. Very, very angry."

[link to www.zerohedge.com]
 Quoting: Anonymous Coward 1003364


So as an American, are you very, very angry that MF Global did the exact same thing in your country, stealing customer accounts?
Anonymous Coward
User ID: 1369239
Australia
03/25/2013 06:52 PM
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Re: Cyprus Citizens - 100% deposits GONE - POOF, like a fart in the wind...
Now they have said that Cyprus is a template, just imagine what happens when Italy needs a bailout.

It will be game over for the Euro.

Its not a matter of if the Euro will go, but a matter of when.

It hasn't sunk in to the Eurocrats in Brussels yet.
 Quoting: Anonymous Coward 36833261



Then Goldman "Nut" Sacks, JP Morgan, et al, go down as approx 1/3 of their holdings are tied into the Euro, not to mention derivatives, MBS, etc...
 Quoting: Anonymous Coward 1003364


Especially when they are leveraged at 30+% on the market - then the market goes, which is soon, is all over for the old system. I would get your money out of the euro now whilst they falsely try to push it up. When SHTF soon the rest of the world follows.
Anonymous Coward
User ID: 36831585
Australia
03/25/2013 06:52 PM
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Re: Cyprus Citizens - 100% deposits GONE - POOF, like a fart in the wind...
Simply criminal
Anonymous Coward
User ID: 31052866
United States
03/25/2013 06:55 PM
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Re: Cyprus Citizens - 100% deposits GONE - POOF, like a fart in the wind...
Whats really funny through this whole mess, was last week the Cypriots were asked to tax the accounts at 9.9%

They rejected that because it was unpopular.

Instead they have opted for taxing them at anything from 30-70%.

Everyone seems to have forgotten about the 10% they were originally offered.

Its fucking madness, how did they reject 10% and agree to 70?

Something is wrong with the whole way this has been negotiated and handled it doesn't make sense.
 Quoting: Anonymous Coward 36833261


You misunderstand what's happened here. The EU got the Cyprus legislature to propose a 9.9% tax on deposits in return for a multibillion euro bailout. The Cyprus politicos voted it down. At that point, they couldn't do anything but let the banks go bankrupt, pay the $100K insured deposits and the remaining deposits are frozen until the banks are unwound. This is simply the result in the absence of an EU bailout.

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