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

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

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)


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

Last Edited by MHz on 03/26/2013 06:44 PM

see the size of that country, you need a magnifying glass to see it in world map

Sure you can.
They just robbed them in plain sight.
Whose going to stop them or do anything about it?

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%!

Iceland broke free, you never hear anything about them unless it is a volcano thing. Success is sometimes a quiet thing.

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

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.

Oh see, NOW you all want some lawyer love.

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

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!

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.

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.

Russian officials up in arms over a possible levy on Cyprus bank accounts

[link to english.ruvr.ru]

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]

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)]

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.

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 !

Cyprus Imposes Limits Ahead Of Bank Reopening



[link to news.sky.com]

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]

Cyprus Banks Opening: Guards Prepare for Battle!!!

A British security firm that transports cash for Cypriot banks is working round the clock, sending teams out with police protection to stock bank machines and readying guards for when banks reopen on Thursday.



[link to m.cnbc.com]

Cyprus banks add security in preparation for reopening

Bank customers in Cyprus will finally get access to their money starting tomorrow, but they’ll see more than just cash when they drop in for a visit. With concerns about bank runs and unrest running high, the branch offices will now have more security to control the crowds expected to show up at the teller windows across the island nation:

[link to hotair.com]

Curtice Mang ‏@curticemang 1 min

In Cyprus the ATM machines return no money to depositors, but they do get a receipt that says, "Thank you for your contribution".

I hope this is a joke...

Cyprus: cash, security control for banks reopening

NICOSIA, Cyprus (AP) — Cyprus has imposed limits on money transfers and hired extra security guards as it prepares for the planned reopening Thursday of its banks, which have been closed for almost two weeks to avoid a run during the country's financial drama.

[link to news.yahoo.com]

EU proposes £9.5 billion budget increase

The EU has proposed a budget increase of £9.5 billion this year – more than the controversial Cyprus bail-out – that would cost British taxpayers £1.2 billion and leave David Cameron no option to veto.

[link to www.telegraph.co.uk]

Cyprus Banks to Re-Open with 35 Armored Cars

After more than a week's closure, the world's biggest security firm G4S will be on hand with 35 armored vehicles when Cypriot banks re-open on Thursday, ready to deliver cash to ATMs and deal with any panic. "We have whatever it takes," G4S Managing Director John Arghyrou told CNBC.

[link to article.wn.com]