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Thread: After The Banksters Steal Money From Bank Accounts In Cyprus They Will Start Doing It

  1. #11
    A good read:New Phase in the Global Financial Crisis: EU Summit Sparks Run on Cyprus Banks

    New Phase in the Global Financial Crisis: EU Summit Sparks Run on Cyprus Banks | Global Research

  2. #12
    Something to watch...


  3. #13
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    It turns out that a $20 billion euros of the bank deposits in Cyprus belong to Russians. Putin has issued a warning to Cyprus and the banks will remain closed until at least next week.

  4. #14
    Russians have more than that at Cyprus banks.
    Putin did not warn Cyprus, but Europe, especially Germany.
    Take the money, lose our gas and oil.

    But now it is said that the Russians and Oil kings are now moving their money to Panama.

  5. What I find fascinating is a simple common sense playout of what is happening in Cyprus, now that they have officially proposed a 10% theft of deposits by the government.

    1) The banks open prior to the vote - Result: every sane person having an account rushes to close it and empty it.
    2) The banks remain closed until after the vote and the vote doesn't pass - Result: every sane person having an account rushes to close it and empty it.
    3) The banks remain closed until after the vote and the vote passes - Result: every sane person having an account rushes to close it and empty it of what remains.
    4) The government decides not to have a vote - Result: every sane person having an account rushes to close it and empty it of what remains.

    Once the government announces it would give serious consideration to seizing 10% of bank deposits, your banking system is effectively dead. Done. Cooked. Over.

    The more interesting fact is, none of those Cyprus banks actually have the cash to pay out all of their depositors in the event of a run. This is where we see riots, looting, and revolution.

  6. #16
    It looks like the EU insanity is spreading to New Zealand.

    Now New Zealand Plans Cyprus-Style Bank Confiscations


    Retirement accounts are no safer than other bank accounts. Some USA Democrats have proposed confiscating all retirement accounts in the USA and rolling it all into the Social Security system. They are justifying this with absurd statements such as, "IRAs discriminate against the poor." Huh? Someone needs to remind these goons that most 401K and 403B retirement accounts start with personal contributions that are sometimes matched by employers. This would amount to a penalty applied to hard working people who made good decisions throughout their lives, which then benefits the lazy and non-productive people. Gosh, that sounds like a perfect Democrat redistribution of wealth plan!

    Democrats in the U.S. House have been conducting hearings on proposals to confiscate workers' personal retirement accounts "including 401(k)s and IRAs" and convert them to accounts managed by the Social Security Administration.
    Articles: The Feds Want Your Retirement Accounts
    "Democracy is two wolves and a lamb voting on what to have for lunch. Liberty is a well-armed lamb contesting the vote." -- Benjamin Franklin


  7. #17
    People should cash out their money before it is too late and buy gold, silver, valuable coins, etc

  8. #18
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    Quote Originally Posted by Natural Elements View Post
    People should cash out their money before it is too late and buy gold, silver, valuable coins, etc
    It's probably too late. Let's see what happens.

    Former Democratic US Senator/NJ Gov. Jon Corzine's MF Global lost $1.6 billion in customer money during the Greek Financial Crisis. The fallout could reach the US.

    There's talk that deposits of less than 100,000 Euros will be spared but deposits of more than 100,000 Euros will be taxed 40%.

  9. #19
    Quote Originally Posted by bogart View Post
    There's talk that deposits of less than 100,000 Euros will be spared but deposits of more than 100,000 Euros will be taxed 40%.
    That would successfully wipe out much of the wealth in the country--and assure that the economy would not recover for many, many years.
    "Democracy is two wolves and a lamb voting on what to have for lunch. Liberty is a well-armed lamb contesting the vote." -- Benjamin Franklin


  10. #20
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