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Eurozone Collapse: Official Cyprus Crysis Thread(Banks Re-Open!!!) I Don't Know Whats Going On Cause I Passed Out

 
Anonymous Coward
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03/26/2013 06:15 PM
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Re: Eurozone Collapse: Official Cyprus Crysis Thread(Banks Re-Open!!!) I Don't Know Whats Going On Cause I Passed Out
How many ordinary Cypriots have more than 150K in their savings?

The real people affected by the Cyprus situation are going to be offshore gangsters mainly from Russia. Criminals are going to be robbed. Some legitimate businesses will be affected.

When banks open funds will not be able to leave the country. And when it does the criminals will find half of their assets gone. Hit lists will be created.
 Quoting: Anonymous Coward 36914006


People who have saved for retirement or college for their kids or business payrolls have that kind of money in the bank. They keep saying this kind of money belongs to gangsters, maybe , but more likely it is the real people who will be hurt.
 Quoting: Anonymous Coward 25180363

this

the economy of cyprus will be decimated

pre-euro, 5 short years ago, cyprus has had 5% unemployment. today it is 14%. it will be twice that by the the they have finished screwing with it


100,000 euros is relative peanuts. like the above poster said - that kind of money is JUST the kind of money people have to see themselves through. theyre not the mega wealthy, who will either have already dodged this, or barely feel a dent


and after all this stealing, they still fall massively short of what is needed


and all this chatter about who gets robbed is almost semantics in this case - because the troika crossed a line - its ok now to just help themselves to your money

the middle classes are under attack, as ever. eventually there will be the oligarchs and there will be the rest of us, without a pout to piss in. because they have taken it all
Anonymous Coward
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Greece
03/26/2013 06:20 PM
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Re: Eurozone Collapse: Official Cyprus Crysis Thread(Banks Re-Open!!!) I Don't Know Whats Going On Cause I Passed Out
How many ordinary Cypriots have more than 150K in their savings?

The real people affected by the Cyprus situation are going to be offshore gangsters mainly from Russia. Criminals are going to be robbed. Some legitimate businesses will be affected.

When banks open funds will not be able to leave the country. And when it does the criminals will find half of their assets gone. Hit lists will be created.
 Quoting: Anonymous Coward 36914006


People who have saved for retirement or college for their kids or business payrolls have that kind of money in the bank. They keep saying this kind of money belongs to gangsters, maybe , but more likely it is the real people who will be hurt.
 Quoting: Anonymous Coward 25180363

this

the economy of cyprus will be decimated

pre-euro, 5 short years ago, cyprus has had 5% unemployment. today it is 14%. it will be twice that by the the they have finished screwing with it


100,000 euros is relative peanuts. like the above poster said - that kind of money is JUST the kind of money people have to see themselves through. theyre not the mega wealthy, who will either have already dodged this, or barely feel a dent


and after all this stealing, they still fall massively short of what is needed


and all this chatter about who gets robbed is almost semantics in this case - because the troika crossed a line - its ok now to just help themselves to your money

the middle classes are under attack, as ever. eventually there will be the oligarchs and there will be the rest of us, without a pout to piss in. because they have taken it all
 Quoting: Anonymous Coward 34765812


Their economy is dead.
This was a fatal blow to the only two things they had banking and tourism.
Lines were crossed with troika.
All to robbed small and large accounts.
Capital controls.
No one is getting their money back.
Firesim
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03/26/2013 06:21 PM
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Re: Eurozone Collapse: Official Cyprus Crysis Thread(Banks Re-Open!!!) I Don't Know Whats Going On Cause I Passed Out
All I hear is that, oh well! The people above 100K Euro will have a percentage stolen from them. That I guess is OK, they were all Russian criminals and fat cats, Bull S**T. How about businesses that have money in the banks, now they loose 40%, how is that good for the economy. And just the fact they are taking the money, I do not care that it is above 100k Euro and they are criminals and the fat cats, THIS IS JUST PLAIN THEFT AND WRONG! And who is to say that they will not come back and that money below 100k Euro. I wonder if the Cypriots get the relationship between the money and jobs. I believe there will be massive job loss, because businesses loose 40%, how can a business survive under this circumstance? This is also a plan to pump the markets. People will take their money out of the banks and they have to put it somewhere, and that somewhere is the stock market. What a brilliant scam. If we so not stand up to the banks and let them fail we are all doomed. Cyprus do what Iceland did. Please for the sake of your people
Anonymous Coward
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03/26/2013 06:22 PM
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Re: Eurozone Collapse: Official Cyprus Crysis Thread(Banks Re-Open!!!) I Don't Know Whats Going On Cause I Passed Out
Anonymous Coward
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Greece
03/26/2013 06:25 PM
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Re: Eurozone Collapse: Official Cyprus Crysis Thread(Banks Re-Open!!!) I Don't Know Whats Going On Cause I Passed Out
All I hear is that, oh well! The people above 100K Euro will have a percentage stolen from them. That I guess is OK, they were all Russian criminals and fat cats, Bull S**T. How about businesses that have money in the banks, now they loose 40%, how is that good for the economy. And just the fact they are taking the money, I do not care that it is above 100k Euro and they are criminals and the fat cats, THIS IS JUST PLAIN THEFT AND WRONG! And who is to say that they will not come back and that money below 100k Euro. I wonder if the Cypriots get the relationship between the money and jobs. I believe there will be massive job loss, because businesses loose 40%, how can a business survive under this circumstance? This is also a plan to pump the markets. People will take their money out of the banks and they have to put it somewhere, and that somewhere is the stock market. What a brilliant scam. If we so not stand up to the banks and let them fail we are all doomed. Cyprus do what Iceland did. Please for the sake of your people
 Quoting: Firesim 36924074


Capital controls.
No one is getting any money.
Not even those with accounts under 100,000.
MHz

User ID: 34243878
Canada
03/26/2013 06:27 PM
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Re: Eurozone Collapse: Official Cyprus Crysis Thread(Banks Re-Open!!!) I Don't Know Whats Going On Cause I Passed Out
Perhaps Cyprus was the neutral Nation as far as banking identities was concerned, something more like the Swiss system than the model Cuba was before the US was expelled for the good of the people. It does show that the 'service offline' that has hit other areas were all practice runs for this the of operation where 'protect the (bankers) money' as the first 3 rules of a 3 rule system. Cyprus was not a spur of the moment operation, when it is all said and done the people get 3% of what the whole natural resources are worth.

The deals may be the worth of the natural resources that might be claimed minus the cost that 'big oil' gets to develop said resources. In other places it was 85% off the top and getting cut to 70% was more than enough justification for a 30 year long hostile relationship. 70 is better than 0.

What else could be taken away, private property being 'taxed' or some other similar levy against citizens and industry.

FEMA International Edition, no broadband but it is the equivalent to CBC North Edition as far as messages are concerned. An open air prison doesn't need guards, just a few supply boats and a swimmers will be shot policy.

Lebanon and Syria are still wildcards and the NATO will recognize the Med Sea as being in rebel hands and as such able to make deals on that same gas field off shore and any income is there to keep and internal rule will be the same as it is in Bahrain. Most coastal nations to the Med. Sea should fall to the same 'ruler' (international corporation whose only important shareholders are the bankers)

Capital controls.
No one is getting any money.
Not even those with accounts under 100,000.
 Quoting: Anonymous Coward 36899975

Then what? You can't starve them in plain sight.

Last Edited by MHz on 03/26/2013 06:44 PM
Anonymous Coward
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Indonesia
03/26/2013 06:44 PM
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Re: Eurozone Collapse: Official Cyprus Crysis Thread(Banks Re-Open!!!) I Don't Know Whats Going On Cause I Passed Out
see the size of that country, you need a magnifying glass to see it in world map
Anonymous Coward
User ID: 36899975
Greece
03/26/2013 06:46 PM
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Re: Eurozone Collapse: Official Cyprus Crysis Thread(Banks Re-Open!!!) I Don't Know Whats Going On Cause I Passed Out
Perhaps Cyprus was the neutral Nation as far as banking identities was concerned, something more like the Swiss system than the model Cuba was before the US was expelled for the good of the people. It does show that the 'service offline' that has hit other areas were all practice runs for this the of operation where 'protect the (bankers) money' as the first 3 rules of a 3 rule system. Cyprus was not a spur of the moment operation, when it is all said and done the people get 3% of what the whole natural resources are worth.

The deals may be the worth of the natural resources that might be claimed minus the cost that 'big oil' gets to develop said resources. In other places it was 85% off the top and getting cut to 70% was more than enough justification for a 30 year long hostile relationship. 70 is better than 0.

What else could be taken away, private property being 'taxed' or some other similar levy against citizens and industry.

FEMA International Edition, no broadband but it is the equivalent to CBC North Edition as far as messages are concerned. An open air prison doesn't need guards, just a few supply boats and a swimmers will be shot policy.

Lebanon and Syria are still wildcards and the NATO will recognize the Med Sea as being in rebel hands and as such able to make deals on that same gas field off shore and any income is there to keep and internal rule will be the same as it is in Bahrain. Most coastal nations to the Med. Sea should fall to the same 'ruler' (international corporation whose only important shareholders are the bankers)

Capital controls.
No one is getting any money.
Not even those with accounts under 100,000.
 Quoting: Anonymous Coward 36899975

Then what? You can't starve them in plain sight.
 Quoting: MHz


Sure you can.
They just robbed them in plain sight.
Whose going to stop them or do anything about it?
Anonymous Coward
User ID: 36150056
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03/26/2013 06:47 PM
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Re: Eurozone Collapse: Official Cyprus Crysis Thread(Banks Re-Open!!!) I Don't Know Whats Going On Cause I Passed Out
All I hear is that, oh well! The people above 100K Euro will have a percentage stolen from them. That I guess is OK, they were all Russian criminals and fat cats, Bull S**T. How about businesses that have money in the banks, now they loose 40%, how is that good for the economy. And just the fact they are taking the money, I do not care that it is above 100k Euro and they are criminals and the fat cats, THIS IS JUST PLAIN THEFT AND WRONG! And who is to say that they will not come back and that money below 100k Euro. I wonder if the Cypriots get the relationship between the money and jobs. I believe there will be massive job loss, because businesses loose 40%, how can a business survive under this circumstance? This is also a plan to pump the markets. People will take their money out of the banks and they have to put it somewhere, and that somewhere is the stock market. What a brilliant scam. If we so not stand up to the banks and let them fail we are all doomed. Cyprus do what Iceland did. Please for the sake of your people
 Quoting: Firesim 36924074

You are right! This businesses losing 40% of their payrolls! No company in the world can afford to lose that and still be able to pay their workers. Expect 14% unemployment to go up to 65%!
MHz

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03/26/2013 06:48 PM
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Re: Eurozone Collapse: Official Cyprus Crysis Thread(Banks Re-Open!!!) I Don't Know Whats Going On Cause I Passed Out
see the size of that country, you need a magnifying glass to see it in world map
 Quoting: Anonymous Coward 36934876

Iceland broke free, you never hear anything about them unless it is a volcano thing. Success is sometimes a quiet thing.
Anonymous Coward
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United States
03/26/2013 06:52 PM
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Re: Eurozone Collapse: Official Cyprus Crysis Thread(Banks Re-Open!!!) I Don't Know Whats Going On Cause I Passed Out
"First, however, much more pain, because as Cyprus' FinMin Sarris said a short while ago, uninsured depositors in the second largest bank Laiki which is now pending lqiuidation, may lose 80% (read 100%... or more), and wait up to seven years for a payout. Of course, with the majority of the "evil, tax-evading Russians" long gone having used the chaos and assorted loopholes in the past week to get out of Dodge, the only people punished are assorted local hard workers, and domestic businesses, now set to liquidate as soon as they can afford the bankruptcy filing fee."

[link to www.zerohedge.com]

I'll say it again... That money is gone.

Up to 7 years for a payout on the supposed 20% they might give back.
 Quoting: Anonymous Coward 36899975


GOOD! only the rich guys got hit, wait, whhhuuut???

coming to the usa

your 401 k will be invested in bonds, like it or not.
MHz

User ID: 34243878
Canada
03/26/2013 06:55 PM
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Re: Eurozone Collapse: Official Cyprus Crysis Thread(Banks Re-Open!!!) I Don't Know Whats Going On Cause I Passed Out
Sure you can.
They just robbed them in plain sight.
Whose going to stop them or do anything about it?
 Quoting: Anonymous Coward 36899975

Nobody, just the desired result. That in itself is proof of their insanity. Take their money, in a real crash it is only the former rich people that were seeking high placfes to jump from. To the poor it was jsut another dip
Anonymous Coward
User ID: 36899975
Greece
03/26/2013 06:56 PM
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Re: Eurozone Collapse: Official Cyprus Crysis Thread(Banks Re-Open!!!) I Don't Know Whats Going On Cause I Passed Out
"First, however, much more pain, because as Cyprus' FinMin Sarris said a short while ago, uninsured depositors in the second largest bank Laiki which is now pending lqiuidation, may lose 80% (read 100%... or more), and wait up to seven years for a payout. Of course, with the majority of the "evil, tax-evading Russians" long gone having used the chaos and assorted loopholes in the past week to get out of Dodge, the only people punished are assorted local hard workers, and domestic businesses, now set to liquidate as soon as they can afford the bankruptcy filing fee."

[link to www.zerohedge.com]

I'll say it again... That money is gone.

Up to 7 years for a payout on the supposed 20% they might give back.
 Quoting: Anonymous Coward 36899975


GOOD! only the rich guys got hit, wait, whhhuuut???

coming to the usa

your 401 k will be invested in bonds, like it or not.
 Quoting: Anonymous Coward 19815370


Everybody got hit.
Not just the rich.
Those capital controls mean that event those not subjected to the levy still don't get their money.

Coming everywhere I think.

People shouldn't sit there waiting for the banks to shut down.
Take action while you can.
Anonymous Coward
User ID: 36899975
Greece
03/26/2013 07:00 PM
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Re: Eurozone Collapse: Official Cyprus Crysis Thread(Banks Re-Open!!!) I Don't Know Whats Going On Cause I Passed Out
Sure you can.
They just robbed them in plain sight.
Whose going to stop them or do anything about it?
 Quoting: Anonymous Coward 36899975

Nobody, just the desired result. That in itself is proof of their insanity. Take their money, in a real crash it is only the former rich people that were seeking high placfes to jump from. To the poor it was jsut another dip
 Quoting: MHz


Yep.

To the poor I think it means not only just another dip, but no chance of ever getting up any higher than they are. De-motivation. Don't try to make money ,get anywhere in life, save for your children's future or your old age... Cause we'll just steal it from you.
Anonymous Coward
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03/26/2013 07:08 PM
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Re: Eurozone Collapse: Official Cyprus Crysis Thread(Banks Re-Open!!!) I Don't Know Whats Going On Cause I Passed Out
Russians May Sue Over Cyprus Losses

[link to topic.worlds-luxury-guide.com]
 Quoting: Bill Paxton


They should sue.
 Quoting: Anonymous Coward 36899975


Oh see, NOW you all want some lawyer love.
Anonymous Coward
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03/26/2013 07:31 PM
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Re: Eurozone Collapse: Official Cyprus Crysis Thread(Banks Re-Open!!!) I Don't Know Whats Going On Cause I Passed Out
I cant keep up.Been away for a bit.So have the depositors actually lost any of their money or has the bank been bailed out and people still have all their funds
samanthasunflower

User ID: 29507233
United States
03/26/2013 08:08 PM

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Re: Eurozone Collapse: Official Cyprus Crysis Thread(Banks Re-Open!!!) I Don't Know Whats Going On Cause I Passed Out
I wish people would understand that this is going to destroy an untold number of businesses.

Take a simple gas station with a mini mart for instance. They have to buy thousands of gallons of gas at a time, and only make about 5 cents a gallon profit. They also need money to pay payroll, food, mortgage, equipment, taxes, water/sewer, and electric.

They could actually be losing money hand over fist, and still have a couple hundred thousand in the bank to pay for these monthly expense.

What happens when the government takes the payroll money? How do the employees get paid? How do they order more gas? How do they pay the utility bills?

Or do they just close up shop en mass?

They are destroying the entire infrastructure of Cyprus!gaah
Anonymous Coward
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Australia
03/26/2013 08:16 PM
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Re: Eurozone Collapse: Official Cyprus Crysis Thread(Banks Re-Open!!!) I Don't Know Whats Going On Cause I Passed Out
They're really trying to prevent a bank run huh...they keep postponing the inevitable.

violin
 Quoting: Bill Paxton


They made a bank run inevitable the second they forced the bailout on Cyprus.

Yep. They prefer a Euro-wide bank run over a single country defaulting.

Go figure.
Anonymous Coward
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United States
03/26/2013 08:25 PM
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Re: Eurozone Collapse: Official Cyprus Crysis Thread(Banks Re-Open!!!) I Don't Know Whats Going On Cause I Passed Out
I predict that on thursday morning if they even open at 9:00 am that at 9:05 they are closed and out of money at every location including the ATM's

Anyone want to doubt my predictive POWERS? If you do then your are doubting an angel that told my uncle! YOU don't want to doubt my uncle's angel do you?
 Quoting: ZEROeffect


You would be right except that if the banks ever do open, they will still limit the amounts that can be withdrawn in any given day.

The banks will try to drag this out. But ultimately you are right...the banks will be dry as a bone sooner or later.

Meanwhile, Europeans will be watching and withdrawing money from their banks until they, too are dry. IOW dominoes.

It's like Chinese torture: a slow drip, that drives the continent mad. Whether it takes a week, a month or two months, the end result will be the same.

In the US, the Fed might try to create a huge amount of money, the result being that a small bag of rice costs $5 or $10.

A pound of round beef could be $25 or $125 depending on how much the Fed prints.
Bill Paxton (OP)

User ID: 36782551
Portugal
03/26/2013 09:20 PM
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Re: Eurozone Collapse: Official Cyprus Crysis Thread(Banks Re-Open!!!) I Don't Know Whats Going On Cause I Passed Out
Russian officials up in arms over a possible levy on Cyprus bank accounts

[link to english.ruvr.ru]

waaaht
Bill Paxton (OP)

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Portugal
03/26/2013 09:28 PM
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Re: Eurozone Collapse: Official Cyprus Crysis Thread(Banks Re-Open!!!) I Don't Know Whats Going On Cause I Passed Out
Bill Paxton (OP)

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Portugal
03/26/2013 09:34 PM
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Re: Eurozone Collapse: Official Cyprus Crysis Thread(Banks Re-Open!!!) I Don't Know Whats Going On Cause I Passed Out
Pension freeze for British expats in Cyprus bank crisis

EXPAT Britons living in Cyprus who use local banks had their pension payments frozen yesterday as the Government urged them to use UK-based accounts instead.

[link to www.express.co.uk]
Bill Paxton (OP)

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Portugal
03/26/2013 09:38 PM
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Re: Eurozone Collapse: Official Cyprus Crysis Thread(Banks Re-Open!!!) I Don't Know Whats Going On Cause I Passed Out
Cyprus Fallout: Moscow Accuses Eurozone of Theft — and Worse

Russia has sharply criticized the bailout deal for Cyprus, with Prime Minister Dmitry Medvedev accusing the EU of theft. Russian state television even likened the forced levy imposed on wealthy investors — many of them Russian — to the expropriation of Jews by Nazi Germany.


[link to leaksource.wordpress.com (secure)]
Sonic

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03/26/2013 10:46 PM

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Re: Eurozone Collapse: Official Cyprus Crysis Thread(Banks Re-Open!!!) I Don't Know Whats Going On Cause I Passed Out
Anonymous Coward
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03/27/2013 12:59 AM
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Re: Eurozone Collapse: Official Cyprus Crysis Thread(Banks Re-Open!!!) I Don't Know Whats Going On Cause I Passed Out
How many ordinary Cypriots have more than 150K in their savings?

The real people affected by the Cyprus situation are going to be offshore gangsters mainly from Russia. Criminals are going to be robbed. Some legitimate businesses will be affected.

When banks open funds will not be able to leave the country. And when it does the criminals will find half of their assets gone. Hit lists will be created.
 Quoting: Anonymous Coward 36914006


It has been all over the media today that Russians have been able to withdraw their funds through a loophole which left banks linked to the Cyprus banks in other countries open and allowing withdrawal with no limits. One of these banks was even owned by the Russians.

So maybe they thought they would fleece the Russian oligarchs, mafia etc. but they f'd up and now the people of Cyprus will pay.
insertfunnyusername

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Greece
03/27/2013 03:46 AM
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Re: Eurozone Collapse: Official Cyprus Crysis Thread(Banks Re-Open!!!) I Don't Know Whats Going On Cause I Passed Out
bump
recollector

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Romania
03/27/2013 04:12 AM
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Re: Eurozone Collapse: Official Cyprus Crysis Thread(Banks Re-Open!!!) I Don't Know Whats Going On Cause I Passed Out
Bumping by repeating what I said in all Cyprus threds since the theft started :

The banks in Cyprus will NOT OPEN in their current form and the current currency- euro.


If they will open, there won't be any money left, and BOTH Laiki and bank of Cyprus will be bankrupt...EVERYONE LOSING THEIR MONEY !


EVERYONE !
recollector
Bill Paxton (OP)

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Portugal
03/27/2013 08:23 AM
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Re: Eurozone Collapse: Official Cyprus Crysis Thread(Banks Re-Open!!!) I Don't Know Whats Going On Cause I Passed Out
Bumping by repeating what I said in all Cyprus threds since the theft started :

The banks in Cyprus will NOT OPEN in their current form and the current currency- euro.


If they will open, there won't be any money left, and BOTH Laiki and bank of Cyprus will be bankrupt...EVERYONE LOSING THEIR MONEY !


EVERYONE !
 Quoting: recollector


bump
Bill Paxton (OP)

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03/27/2013 08:28 AM
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Re: Eurozone Collapse: Official Cyprus Crysis Thread(Banks Re-Open!!!) I Don't Know Whats Going On Cause I Passed Out
Cyprus Imposes Limits Ahead Of Bank Reopening

bricks

[link to news.sky.com]
Bill Paxton (OP)

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03/27/2013 08:30 AM
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Re: Eurozone Collapse: Official Cyprus Crysis Thread(Banks Re-Open!!!) I Don't Know Whats Going On Cause I Passed Out
Cyprus central bank ousts CEO of troubled Bank of Cyprus

Cyprus's central bank has fired the Chief Executive Officer of the Bank of Cyprus , an official at the island's largest commercial lender has said.

[link to tvnz.co.nz]

News