1. Record Bank Heist In Cyprus Spells An End Game For Your Wealth
2. The Great Cyprus Bank Robbery Shows That No Bank Account,
No Retirement Fund And No Stock Portfolio Is Safe
Showing posts with label Cyprus. Show all posts
Showing posts with label Cyprus. Show all posts
Tuesday, March 19, 2013
IMF, EU, CYPRUS, SPAIN, ITALY,l NEW ZEALAND - WHO NEXT?
Submitted by: Donald Hank
There are newswire reports that the majority Cypriot party will refuse to endorse stealing the people’s funds; the market’s reaction was immediate and negative.
Everyone is still running around saying “In Ben We Trust” and “This is setting up for the next move higher.”
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GOOD QUESTION! JUST HOW SAFE IS YOUR MONEY?
Submitted by: Lady Byrd
First Cyprus, Then The World - How Safe Is Your Money?
Cyprus is a beta test. The banksters are trying to commit bank robbery in broad daylight, and they are eager to see if the rest of the world will let them get away with it.
Cyprus was probably chosen because it is very small (therefore nobody will care too much about it) and because there is a lot of foreign (i.e. Russian) money parked there.
The IMF and the EU could have easily bailed out Cyprus without any trouble whatsoever, but they purposely decided not to do that. Instead, they decided that this would be a great time to test the idea of a "wealth tax".
The government of Cyprus was given two options by the IMF and the EU - either they could confiscate money from private bank accounts or they could leave the eurozone.
Cyprus was probably chosen because it is very small (therefore nobody will care too much about it) and because there is a lot of foreign (i.e. Russian) money parked there.
The IMF and the EU could have easily bailed out Cyprus without any trouble whatsoever, but they purposely decided not to do that. Instead, they decided that this would be a great time to test the idea of a "wealth tax".
The government of Cyprus was given two options by the IMF and the EU - either they could confiscate money from private bank accounts or they could leave the eurozone.
THE EU IN CHAOS - ITALY, CYPRUS, GERMANY ALL AFFECTED
Submitted by: Donald Hank
Infowars is not far from the truth. I opened the link at Handelsblatt and read the German-language article. At variance with the Infowars report title, Jörg Krämer, Chief Economist of Commerzbank (not a government official) says a one-time 15% tax on rich Italians would bring the Italian debt, now at 173% of GDP, down to below 100% of GDP.
At variance with the Infowars report, He did NOT call for raiding the accounts of the rich à la Cypress. However, if the Germans had their way, that would probably happen.
Anyway, this is close enough. Cypress, under pressure from Germany, has opened the flood gates to wealth redistribution in all of Europe.
Did you notice the pattern of retribution against enemies?
--In Cyprus, some commentators suggest the Russian accounts (20% of the deposits) were the target. Russia has long been at loggerheads with the EU over issues such as Middle East intervention, gay marriage, etc. A recent (still unconfirmed) report has it that Medvedev compared the EU with the Soviet Union (my UK friends often refer to it as the EUSSR).--As for Italy, Merkel (like most of the German political class) is vehemently opposed to billionaire Berlusconi, part of the new Berlusconi-Grillo blocking majority in the Senate, and she would love to see his billions taxed to hep pay down the debt Italy owes to the EU -- and hence, mostly to Germany.
Meanwhile, an unintended consequence of the German-led Cyprus bank account raid is that it may also have inadvertently caused a hew and cry for a euro exit, and maybe eventually (please God, let it be!) an exit from the EU.
Don Hank
Monday, March 18, 2013
CYPRUS MAY ONLY BE THE FIRST! EU and IMF ARE GOING LAWLESS!
Submitted by: Donald Hank
Monday, 18 March 2013
The Rape Of Cyprus By The European Union & The IMF
Submitted by Tyler Durden on 03/17/2013 23:38 -0400
Submitted by Mark J. Grant, author of Out of the Box,I have been watching articles pour forth about Cyprus all weekend. I am almost as aggravated with the majority of them as I am with what took place. People are dancing around the edges while the propaganda machines of Europe are churning out the usual bunk.
Let's get some things straight and look what has happened directly in the face. There was no tax on the bank accounts in Cyprus. There still is no tax; the Cyprus Parliament has not passed it and will not vote on it until tomorrow so whatever action takes place it is retroactive. Next, this was not enacted by Cyprus. The people from Nicosia did not go to the Summit and ask to have the bank accounts in their country minimized to help pay the bills. Far from it; the nations of Europe, Germany, France, the Netherlands and the rest, demanded that this take place, a "fait accompli," the President of Cyprus said and Europe annexes Cyprus. Let's be quite clear; the European Union has confiscated the private property of the citizens in Cyprus without debate, legislation or Parliamentary agreement.
A bank account is not a bond or a stock or any sort of investment. This seems to be lost on many people. A bank account is the private property of a citizen or a corporation and does not belong to the government or at least that was the supposition up until now in Europe.
Next there is deposit insurance in Europe. Every country has its own version but it is there. It guaranteed the bank accounts of citizens up to one hundred thousand Euros. So much for the meaning of any guarantee in Cyprus or any other country in Europe. Null and Void! If the European Union can dismantle deposit insurance in Cyprus they can damn well do it in whatever country they please and at any time.
Here’s the description of the Cypriot government deposit insurance plan:
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