18 Mar 2013

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

By Michael: Cyprus is a beta testThe 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.  Apparently this was presented as a "take it or leave it" proposition, and many are using the world "blackmail" to describe what has happened.  Sadly, this decision is going to set a very ominous precedent for the future and it is going to have ripple effects far beyond Cyprus.  After the banksters steal money from bank accounts in Cyprus they will start doing it everywhere.  If this "bank robbery" goes well, it will only be a matter of time before depositors in nations such as Greece, Italy, Spain and Portugal are asked to take "haircuts" as well.

Cyprus Bad For Russia Worse For EU - Soviet Bear + Cyprus President To Rehn: "I Told You Tax Wouldn't Pass. Regards To Mrs Merkel"

Morris: The game being played on Russia through Cyprus will make Russia stronger. Russian expats will return their money to Russia and Russia will start looking at Asia with more enthusiasm.

The Deeper Meanings of Cyprus - Charles Hugh Smith + The debt bomb just got bigger - Max Keiser

The deposit-confiscation "bailout" of Cyprus reveals much about the Eurozone's fundamental neocolonial, neofeudal structure.
At long last, Europe's flimsy facades of State sovereignty, democracy and free-market capitalism have collapsed, and we see the real machinery laid bare: the Eurozone's political-financial Aristocracy will stripmine every nation's citizenry to preserve their power and protect the banks and bondholders from absorbing losses.
The deposit-confiscation "bailout" of Cyprus confirms the Eurozone's fundamental neocolonial, neofeudal structure and the region's political surrender to financialization.
The E.U., Neofeudalism and the Neocolonial-Financialization Model (May 24, 2012)
Let's list what Cyprus reveals about the true state of financial-political power in Europe:
1. The Core-Periphery terminology masks the real structure: the E.U. operates on a neocolonial model. In the old Colonialism 1.0 model, the colonizing power conquered or co-opted the Power Elites of the periphery regions, and proceeded to exploit the new colonies' resources and labor to enrich the Imperial core.
In Neocolonialism, the forces of financialization (debt and leverage controlled by State-enforced banking cartels) are used to indenture the local Elites and populace to the financial core:

America needs the truth

By Joseph Quiroz: The American People need to know the truth. An unformed citizenry is not what America needs in this time of crisis. The United States is at a time of great uncertainty and danger. Something is definitely not right in America and you would be naïve to not realize it.
In the last couple of years, we have to deal with the possibility of drone attacks in America, the threat of SOPA and PIPA-type legislation, the increasingly frequent use of the Espionage Act,  a crumbling economy, an incompetent Congress, the wiretapping of cell phones and so many other issues of concern.
Even if Bradley Manning broke military law, America needed the Wikileaks files. We the people need to see what is transpiring at the governmental and military levels.
Obama promised transparency but it seems as though we are getting the opposite and that is unacceptable.

CYPRUS DISASTER: Open dissent in Merkel’s CDU as Schäuble’s attempt to avoid responsibility for Cyprus depositors dismissed as “bare-faced lie”.

merkeschauble“Mein Gott Wolfie, I haff found ze grain of truth”

Manipulation, mendacity and and madness as German, Madrid & Brussels sources admit Schäuble ‘must’ve known what would happen
The Slog: Despite German Finance Minister Wolfgang Schäuble’s earnest TV attempts yesterday to distance both himself and Berlin from the decision to include small Cyprus bank depositors in the bailout haircut, across the eurozone his protests were dismissed as completely untrue.
Bullshit,” said the Slog’s Brussels mole this morning of Schäuble’s account, “He was the leading hawk in the meeting, demanding a 40% levy on larger depositors. In order to get that level down to 10%, the other Finmins were left with no choice but to include the smaller bank customers. Herr Schäuble could’ve opposed the shift to haircuts for smaller savers, but he sat there saying nothing. It’s a bare-facd lie”.

The controlled demolition of Cyprus "Nothing one time or extraordinary about it!"

By Adam B. Levine: 
The Bank is closed.
The ATMs are all empty.
You heard it on the news but couldn’t believe it.   The internet is unreliable; surely it’s against the law for the federal government to just take money out of your bank account along with every other one in the state, right?
Funny thing – it is illegal, at least it used to be.  But things are bad! The situation is serious, surely any rational person can see that, and the need for all to contribute.  And you are rational, aren’t you?
So you rushed down to your usual ATM, only to find the line stretching around the block.  You try the local branch and find there are armed men and police surrounding it.  A ray of hope!  The Police have heard and they’re going to help us get our money back!
Reality sets in: they’re guarding the bank from you.
Listen to Adam read the article below:

Child Abuse Across UK Covered Up By The BBC

UK Banned Press TV: Nearly five million people across Britain are struggling to afford nutritious meals. Job losses, benefit cuts and rising food prices have led to a food crisis in the UK. Families are now spending 20 percent more on food than five years ago but at the same time eating seven percent less. Society: Sex offences in Britain has reached its peak as the new released figures show Children as young as five have been listed among the under-18s being accused of sexual offences.

Postcards From Cyprus + Hitler Bails Out Cyprus

tomekgt: In response to the recent EU bailout deal that will see everyone in Cyprus have their bank accounts taxed at up to 9.9%. http://www.reuters.com/article/2013/0...

Imagine you woke up today and found 7% of your money gone and given to bondholders. One day you might. Hitler just has...

...As have Cyprus depositors

Putin Slams "Dangerous" Cyprus Bank Deposit Theft! + Cypriot Outrage Over Bankster Robbery Could Derail Future Euro-Area Bankster Robbery

Russian President Vladimir Putin criticized Today a levy imposed by the European Union on bank deposits in Cyprus as unfair and setting a dangerous precedent.
Lidia Kelly and Alexei Anishchuk: "While assessing the proposed additional levy on bank accounts in Cyprus, Putin said that such a decision, should it be made, would be unfair, unprofessional and dangerous," Kremlin spokesman Dmitry Peskov told journalists.
Russian citizens account for the majority of the billions of euros held in Cypriot banks by foreign depositors, and Russian banks are heavily exposed to the island as a favored offshore centre for big business.
The levy, imposed as part of a 10 billion euro bailout, sparked panic among Cypriots over the weekend and hit Russian and other European financial markets on Monday.
As the Cyprus parliament prepares to vote on the measure on Monday, the government in Nicosia was working on a plan to soften the blow for smaller savers.
Russian Deputy Finance Minister Sergei Shatalov earlier said the tax would be acceptable if it was levied only on interest earned by savers.
There are almost 70 billion euros in deposits held in Cyprus. Less than half that is held by non-residents

The Rape Of Cyprus By The European Union & The IMF + IMF & EU Take Their Mafia Cut from Cyprus Banks

Submitted by Mark J. Grant: 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.

Cyprus: The World’s Biggest "Poker Game" + News Russia May Reconsider Cyprus Bailout Role, Bailout Vote Delay Crushes Overnight Ramp Attempt

Tyler Durden's picture While this kind of 'wealth tax' has been predicted, as we noted yesterday, this stunning move in Cyprus is likely only the beginning of this process (which seems only stoppable by social unrest now). To get a sense of both what just happened and what its implications are, RBS has put toegther an excellent summary of everything you need to know about what the Europeans did, why they did it, what the short- and medium-term market reaction is likely to be, and the big picture of this "toxic policy error." As RBS summarizes, "the deal to effectively haircut Cypriot deposits is an unprecedented move in the Euro crisis and highlights the limits of solidarity and the raw economics that somebody has to pay. It is also the most dangerous gambit that EMU leaders have made to date." And so we await Europe's open and what to expect as the rest of the PIIGSy Banks get plundered.

Satyajit Das on the Cypriot Banking Crisis

Satyajit Das, Sydney based veteran financial consultant discusses the Cypriot banking crisis and the imposition of extraordinary levies on deposit holders. Das is interviewed on the Australian Broadcasting Corporation’s (ABC ~ think BBC with an Aussie accent) nightly radio current affairs show “PM”. The discussion of Cyprus starts about a third of the way into the show. Listen / download here
"There's no way they can ever pay it (the bankster's debts) back!"

Help To Free Yemenis And Shaker From False Flag Guantanamo - London Demo

Morris: Petition to free Shaker


The Botching of the Cyprus Bailout: Worse Than Lehman Brothers

Eamonn FingletonEamonn Fingleton: Everyone now agrees that Treasury Secretary Hank Paulson badly botched the Lehman Brothers crisis of 2009. But at least he had an excuse. Panicked by the speed of Lehman’s meltdown, he had no time for second thoughts. By comparison the German-led group of EU officials who  engineered this weekend’s Cyprus bank bailout robbery don’t have a leg to stand on. Although they had years to consider their options (Cyprus’s problems are closely related to those of Greece and have long been almost as obvious), they have opted for a “solution” that amounts to probably the single most inexplicably irresponsible decision in banking supervision in the advanced world since the 1930s.
As my colleague Tim Worstall has pointed out in a well argued contribution yesterday, they have weakened – perhaps catastrophically – the principal pillar supporting modern banking. This pillar is deposit insurance. Ordinary savers who had received a solemn assurance that deposits up to 100,000 euros were safe are now being asked to take a haircut. This raises questions about deposit insurance throughout the EU and invites runs on banks not only in the most financially-challenged nations such as Greece and Spain but even in Italy and France.
Let’s hope that, with reasonable luck, European regulators hold the line tomorrow (and if a commentator were to predict otherwise, it would be like crying Fire!” in a crowded theater). But it is a fair bet that the botching of the Cypriot bailout bankster pillage has ensured that the agonizing economic malaise afflicting much of Europe for four years now will be further prolonged.