You people need to look at the bigger picture here. IMF doesent want money from the peasants this time, they are after Russian money. 10% of savings from 800,000 Cypriots is peanuts for IMF - they want 10% of hundreds of billions$ that Russians have stacked in Cypriot banks over the time. Cyprus has always been a laundry machine for the Russians.

Im pretty sure that Russia will bailout Cypres, but nevertheless it will be intersting to see how all this plays out.

If this isn't a HUGE WAKE UP CALL to everyone with a bank account then you are completely lost.

I am amazed this hasn't started bank runs in the PIIG nations.

I started pulling most of my Money out of my Account to buy some Supplies incase the worst happens. Because the Chance is very high that,as soon as the Banks in Cyprus open up again,those Banks will collapse immediately (because the Cypriots will pull out alle their Money,no Question),triggering CDS and whatnot,dragging one Bank after another with them.

It doesn´t matter what happens now,be it fresh Money or something else...

Originally posted by SamaraTen
When will the sheeple learn? I mean, really, what else can be said? See, here's the thing, it's not your "money". It's their "money". It's their paper! It's their ink! It's their banks! The only thing you own is time! You chose to trade your time for their money. Alot of the things people get mad at, have been agreed upon. No one put a gun to your head and said, accept our money; use our corrupt banking system. Y'all did that by choice.

Money doesn't represent time.

Money represents a debt. You trade your freedom for money when you get a loan. All money originates from a loan or debt. There is not enough outstanding money in the system to pay for all of the loans. The system is designed for perpetual debt growth and inflation.

It IS their money. The fact that any given dollar exists means they loaned it to somebody somewhere. Someday the Federal Reserve is going to want it back, plus a little interest...

The thing is nobody really has a choice other than to be slaves to the bank's system. If you want to do things like eat and have a home you have to pay for that with the Federal Reserve's debt notes. Even if you operate bank free and have the cash to buy stuff without needing a loan you are making transactions with the same paper debt currency. Taxes (pretty much mandatory) are paid in the Federal Reserve notes or electronic equilivant BY LAW.

They wont put a gun to your head to force you to use it, but they will put you in a prison if you owe them enough or if you try to create a different currency. Federal Reserve has a true monopoly with their product and they won't even allow competitors.

If you are going ot privatize the monetary system then we should have fair and open market competition right? Why is it just the Federal Reserve??

why are so many people criticizing the non bailout? banks SHOULDNT be given bailouts. ever. any country.
its a shame these people have to suffer through this mess, but the only way out of a broken game, is to lose and rebuild.

I dont understand why 800,000 Cypriots need 17 billion Eu.

Thats more than 20,000 eu each person.

Originally posted by bigyin
I dont understand why 800,000 Cypriots need 17 billion Eu.

Thats more than 20,000 eu each person.

The answer is quite simple actually. The banks took their deposits, gambled with them, and lost. It's the typical gamblers addiction. They lost a good portion of their bankroll, but the problem is now the debt is coming due. Rather than get a loan to cover the debt, they want to get another loan to try and gamble their way out of the situation using the same strategy that got them there in the first place.

Originally posted by bigyin
I dont understand why 800,000 Cypriots need 17 billion Eu.

Thats more than 20,000 eu each person.

Cyprus has more banks per person than almost any other country in the world.
Their supposed debt is around 18 billion but the problem is that this number is supposed.
If the banks are insolvent which they are then it is much worse. They are holding 100's of billions of monies from around the world.
This would be similar to the United States running up a debt to ooooh about 14 trillion......but the population was only say 50 million people........those numbers are guestamates but do the math.


Cyprus is to Russia the same way Switzerland and the Cayman Islands are to the West.

Regards, Iwinder

Originally posted by gladtobehere

Better yet, coin your own currency as Libya did.

Um, yeah, please don't. I don't want to see Warlord Obama declare another no-fly zone and bombard Cyprus with Tomahawk missiles.

Iceland is the way to go!

Originally posted by SamaraTen
When will the sheeple learn? I mean, really, what else can be said? See, here's the thing, it's not your "money". It's their "money". It's their paper! It's their ink! It's their banks! The only thing you own is time! You chose to trade your time for their money. Alot of the things people get mad at, have been agreed upon. No one put a gun to your head and said, accept our money; use our corrupt banking system. Y'all did that by choice.

so tell me friend, which banking system do you use ..all of us sheeple didn't realize we had a choice

1. Reprint the Cypriot pound

2. Bail from the Eurozone and stop using Euros

3. Done... that's it... This will save Cyprus.

Edit: Lol... I had to share this one with you all

Originally posted by SamaraTen
When will the sheeple learn? I mean, really, what else can be said? See, here's the thing, it's not your "money". It's their "money". It's their paper! It's their ink! It's their banks! The only thing you own is time! You chose to trade your time for their money. Alot of the things people get mad at, have been agreed upon. No one put a gun to your head and said, accept our money; use our corrupt banking system. Y'all did that by choice.

Eeeeh, what?

What other alternative do you have but to use their paper? Right, nobody pulled a gun over your head but don't you know that there are other ways to force someone do something? Like offering no other alternative?

If you decide that you wont exchange your time for their paper, how will you get the stuff you need to stay alive like food or even in some places, water?

Sure, if you live outside the cities and have a house with a big land (paid with i don't know what), you could grow your own food and all, but if you need to do anything with the government (like drivers license, insurances, etc.) i don't think they will agree to trade a chicken or two for a year of driving on the streets.

So, IMO, we are forced to use this money system even if we don't have a gun pointed at us. It's a more subtile form of bullying.

I may be wrong and i beg you to prove it to me if you can. Tell me how we can avoid using any of their money and still get a decent quality of life in 2013? But don't tell me : go to another country, since leaving a country costs money, even the passport to cross the borders isnt free. Unless you have a mean of transportation free of charge that can cross oceans or cover great distances without needing fuel or anything and can't be detected by customs. But that will makes you an outlaw since you entered illegally in a country.

Peace out.

edited to add : Also, i don't know any employer that pays cash, only checks or direct deposit in a bank account, so another reason we are forced to use the banks.