Cyprus crisis deepens: Bailout rejected, BANKS MAY NOT REOPEN!!!

Originally posted by texasgirl

Originally posted by sitchin

Originally posted by Abstruse
reply to post by SamaraTen

 

That's what is known as usufruct. I would suggest to everyone to take their money out while they can, What country will be next?

Usufruct

this is the very reason why the banks won't open ....the banks will remain closed to avoid a panic scenario doing more harm than good

the EU will NOT allow any EU country to fail they will get their bailout regardless

If they take a bailout from EU or they take a bailout from Russia, they're still going to have a bank run. No one is going to trust the system anymore. If they take a bailout they can't stay closed forever. How are they going to prevent a bank run? They just proved to the people they're louses.

Is collapse the only way?

That`s exactly right, no matter if they get a bailout or not those banks are out of business.Nobody with any sense will ever put their money into those banks again, in fact i`m shocked that anyone is even willing to try and bail the banks out because once the people get their money out of the banks they will never do business with those banks again which will cause the banks to close and the bailout money will never be repaid.

Money seems to be a problem in most of the world and people seems to think that it will fix anything.

Got the problem, lets fix it with another problem. Until people learn how to be responsible adults about their OWN life this will continue to happen.

Coincidentally I was thinking yesterday about something Einstein said: "I know not with what weapons World War 3 will be fought, but World War 4 will be fought with sticks and stones."

He was refuting the idea that World War 3 would certainly be a nuclear war. As yourself and the Cypriot lady have asserted, perhaps this 'financial crisis' is actually World War 3

Originally posted by stargatetravels
As a lovely, elderly Cypriot lady said on the news yesterday, this is Germany waging another war.
World War 3 has started and it's a financial war.

Looks like riots are beginning in Cyprus...

Local TV station CYBC reports that police in the Cyprus' capital are scuffling with protesters (including employees of Cyprus Popular Bank) outside the nation's parliament:

The Cyp-Riots Begin

JUNK SILVER, people. Junk silver. You can pay for a pocketful of coins of intrinsic value TODAY, with cash, without being put on a DHS list. No supporting goldbugs or greedy talk show hosts; just go to your local antique store and stock up.

reply to post by gladtobehere


Live on RT now...

rt.com...

reply to post by Senduko

No country was ever told when signing this agreement that it would have to sell its cultural inheritance and sovereignty.

The government members, who signed the agreement, knew full well what the implications where. The 'Country is the victim' standpoint, is not entirely true. Most of the citizens and members of the government, knew what the implications were years before the deal was signed. If they didn't know, it wasn't for lack of available information.

Originally posted by NeoVain
That´s what they have done for hundreds of years, their tactics are tought down the generations, and it´s all they know how to do. They won´t change their ways since it has served them VERY WELL INDEED. They are just following their "grand plan".

You are forgetting about Rothschild however, that family makes Bill Gates look like a beggar.

Incidentally, their are also all jews...

I've always found it amazing how people can make some very good points, but all it takes it one sentence to completely destroy any credibility that was built.

Originally posted by NeoVain
Incidentally, their are also all jews...

reply to post by Senduko

No country was ever told when signing this agreement that it would have to sell its cultural inheritance and sovereignty.

No, but it was certainly implied.

This kind of thing is exactly why keeping all of your assets in the bank is a bad idea.

Gang from Belgrade, 'space police of Serbia' stole Yugoslav Federal Reserves via Cyprus...

reply to post by Gazrok


Oh c'mon, you can't possibly believe that the Cypriots knew this was gonna happen? Did we as citizens of the EU ever get the choice? No, I agree that the government at the the time knew,

But you can't blame the citizens for the monster that is EU.

Originally posted by Gazrok
reply to post by Senduko

 

No country was ever told when signing this agreement that it would have to sell its cultural inheritance and sovereignty.

No, but it was certainly implied.

This kind of thing is exactly why keeping all of your assets in the bank is a bad idea.

edit on 21-3-2013 by Gazrok because: (no reason given)

Implied by whom? I think the central banks and the governments are exposing themselves as the real mafia, nevermind the sicilians who are second tier amateurs. And it is hard to keep money out of the bank when you live paycheck to paycheck because of all the outsourcing and automation frenzy building up for decades. People need checking accounts to pay bills and have some money left over for a rainy day, never realising the bank mafia will extort them for 10% because their proxies the cypriot/greek/irish/italian/spanish governments never disclosed anything in advance(kept their mouths shut wrongfully and surreptitiously) waiting till disaster was imminent.

didn't i just see a thread 'round here somewhere about helicopter ben saying that the same haircut could happen in the US?
( where was he when the tarps and MF Global was going down? at the beach?)
bet the US civies didn't see that coming

Do people comprehend that the government and the nation do not own money? The central bank stockholders own the money and they want to make a profit from everyone. They want their cut, much like a casino gets 5% from each hand dealt, regardless who wins and loses.

But from such a system the bondholders, who buy treasury bonds, invest their money and expect to get their money back plus interest. If the government overspends and/or mismanages those funds they loose credibility and their credit rating goes down. As the credit rating goes down they have to pay more interest to the bondholders and have a smaller debt ceiling because they are too risky and people want to make as much profit up front as possible before the government defaults. This is true with corporations and people investing.

The true conspiracy is that all this financial turmoil seems more and more engineered. Governments ovespent and financial profit making institutions made some really bad investment decisions that they cannot cover now. It seems absurd that so many countries would have financial difficulties at the same time more-or-less and one nation would need to borrow from another nation, thus eventually triggering systemic collapse as the prosperous nations are paying for the problematic nations.

I don't know all the details since I have a very limited background in macro-economics and I forgot must of what I was taught back in my college days. I studied computer science and only took a few business courses. Those that do know are not speaking, and that by itself speaks volumes imho!

Amateur conspiracy theorists are good but we could certainly do with more inside information. The well is dry! Can one say OUMERTA?

Now they are talking about nationalizing their pensions.

Looks like the people are going to get fleeced one way or the other.

When half a decade ago Cyprus voted a Communist Government everyone rejoiced over the "peoples revolution" and the creation of an egalitarian utopia. Back then I looked at the celebrations on TV and said: "They`ll be broke within 5 years". This is just the latest in a neverending string of socialist failure. And people are still peddling the merits of leftism everywhere you look.

Originally posted by 00nunya00
JUNK SILVER, people. Junk silver. You can pay for a pocketful of coins of intrinsic value TODAY, with cash, without being put on a DHS list. No supporting goldbugs or greedy talk show hosts; just go to your local antique store and stock up.

If the SHTF how do you sell junk silver? I'm not a metallurgist and can't quantify the precious metal content of junk silver.

Originally posted by lucid eyes
When half a decade ago Cyprus voted a Communist Government everyone rejoiced over the "peoples revolution" and the creation of an egalitarian utopia. Back then I looked at the celebrations on TV and said: "They`ll be broke within 5 years". This is just the latest in a neverending string of socialist failure. And people are still peddling the merits of leftism everywhere you look.

The issue with Cyprus was that the private banks were over-invested in Greece. It may be a socialist failure, but it's a Greek socialist failure. In Cyprus it's a capitalist failure. IOW, both sides worked together on this one.

Originally posted by bjax9er
Now they are talking about nationalizing their pensions.

Looks like the people are going to get fleeced one way or the other.

Yup, and I don't believe I am reading this on Sky News ticker tape!
"Bill submitted to Cypriot Parliament giving finance minister and central Bank Governor the right to impose capital control on banks"

Rainbows
Jane

Originally posted by angelchemuel

Originally posted by bjax9er
Now they are talking about nationalizing their pensions.

Looks like the people are going to get fleeced one way or the other.

Yup, and I don't believe I am reading this on Sky News ticker tape!

I don't believe you're reading Sky News ...