LeasingDomains.com

Domain Leasing, Joint Venture or Co-Development
It is currently Thu Jan 18, 2018 9:54 am

All times are UTC - 8 hours


Forum rules


No spamming
No personal flaming
No personal negative comments
Political bashing OK



Post new topic Reply to topic  [ 7 posts ] 
Author Message
PostPosted: Sun Mar 17, 2013 10:43 am 
Offline

Joined: Tue Mar 05, 2013 10:58 am
Posts: 33
Well the EU and IMF have this weekend announced through the Cypriot government that all depositors (with certain exceptions apparently, and not including the ordinary people) will have between 6% - 9.9% of their deposits seized by the Cypriot government. Nice one EU, so glad that ordinary people who have saved are now having their money stolen at your say so, even though it is unlawful under EU law!!!!!!!!!!!!!!!!

A general link is here for anybody not aware of what is happening: http://news.sky.com/story/1065753/cyprus-postpones-vote-on-savings-raid-bailout

Why is it that the banking crisis that nations have tried to unravel since 2008 is allowed to be further exaserbated by the Euro crisis? This ill thoughtout, misconceived, idiotic attempt at 'standardization and socialism' was ridiculous from the start - I mean even Gordon Brown saw that (and that is really saying something - he was the UK Chancellor who sold off Britains gold when the gold price was near rock bottom).

Some Americans moan about their system, they should really see what a mess our political system here in Europe has become, the odds on Britain and others leaving the EU in the next 5 - 7 years have just hardened significantly because of this EU theft.

It should also be pointed out that the Spanish government is now acquiring knowledge of all foreign holdings by residents in SPain and the talk is that the Spanish will be the next to suffer an EU stelth theft from their bank accounts (some estimates are saying 10% of ALL assets and not just money deposited in the banks). We knew the EU was a mad dream but most of us did not even imagine that they were this stupid.


Top
 Profile  
 
PostPosted: Mon Mar 18, 2013 8:30 am 
Offline
Site Admin

Joined: Wed Feb 27, 2013 12:47 pm
Posts: 28
Location: Langley
Could this be the straw that breaks the camels back?

As this is proposed and voted on by EU finance ministers it should send a chill that any EU country in trouble could be hit by such a theft. Watch for a huge run on EU banks in the coming weeks as money flees the zone.

It could turn the prospect of a default by cyprus into a massive economic fallout as the banks fail due to depositors fleeing. 1930's here we come!

Interesting read also
http://news.sky.com/story/1065618/cypru ... al-rubicon


Top
 Profile  
 
PostPosted: Wed Mar 20, 2013 2:48 am 
Offline

Joined: Tue Mar 05, 2013 10:58 am
Posts: 33
The scenario now looks like the Russian Gazprom company will 'negotiate' aid for Cyprus (though it will be directed through the Kremlin of course). The problems for Europe and others then only escalate.

1. Of course, is the fact that the Euro, the ECB, the Euro Block, and the EU are shown to be totally witless, they cannot even work out how to deal with a small problem like Cyprus.

2. The ‘cat has been let out the bag’ so to speak. The groups mentioned in point ‘1’ above have shown that they will tax savings, will ignore European law, will punish the ordinary people but not hold to account those that allowed either Greece or Cyprus to enter the Euro zone.

3. The natural gas resources of an EU member State (Cyprus) will have been given to another competing nation as a gift from the EU (don’t make the mistake of blaming the Cypriots’ for this, they are being forced into this by the attitude and actions of the ECB, Euro block, and EU)

4. Of course Russia, sorry I should say Gazprom, will want to protect their assets, therefore they will make a request to the Cyprus that they be allowed to station naval forces on the island. This would obviously be only a reasonable request as Cyprus does not have the means to protect offshore facilities. Then of course an airbase is required to support the naval forces which are protecting the natural gas facilities. Russia has therefore obtained a Mediterranean base/s. This would directly and immensely influence the geo-politics of the region. (Russia then could lose Syria but gain a far more strategic advantage by having Cyprus.)

5. The price of natural gas in Europe would continue to be controlled by Russia. (Look at how they have in the last few years used gas as a weapon in ‘negotiations’ with their neighbours if you want to understand the importance of this.)

6. Of course now this ‘scheme’ of taxing savings in banks has been shown what is to stop it or some scheme identical to it or 99.9% the same from being introduced in other countries of the EU.

This whole debacle should cause many heads to roll (those of politicians and jumped up clerks working in Brussels, etc.), but of course this will not happen. Instead it is the public who will be lied to and deceived yet again by the very people responsible for this mess in the first place.

As the article referred to by Gordon in his above post points out ‘the financial Rubicon has been crossed’ – but the results of which are far more wide ranging than the article suggests.


Top
 Profile  
 
PostPosted: Thu Mar 21, 2013 5:09 am 
Offline

Joined: Tue Mar 05, 2013 10:58 am
Posts: 33
This article has just gone up by Tim Marshall on Sky News entitled 'Russian Money Talks in Cyprus Bailout Deal':

http://news.sky.com/story/1067905/russi ... ilout-deal

Ah well, at least my posts are read on SkyNews if not here! :lol:

Seriously though, the latest is that the ECB (European Central Bank) has given Cyprus until Tuesday to agree the terms of the bailout or they, the ECB, say they will walk away. This is meant to be helping????


Top
 Profile  
 
PostPosted: Sat Mar 23, 2013 7:40 pm 
Offline

Joined: Sat Mar 23, 2013 6:24 pm
Posts: 6
Location: Brisbane, Australia
News reports today in OZ say the the 'average' Cypriot bank account holding $80 million dollars, and those are the Russian ones. So that explains why the Russian (mafia) government is getting in on the act.

_________________
Is PRIVACY the ultimate luxury?
See my site and ponder: http://www.australiahouses.com.au/


Top
 Profile  
 
PostPosted: Sat Mar 23, 2013 11:45 pm 
Offline

Joined: Sat Mar 23, 2013 2:17 am
Posts: 9
King Solomon already talked about this danger some 3,000 years ago in the book of Proverbs (chaper 22, verse 7):

"The rich rule over the poor, and the borrower is slave to the lender."

This applies to countries too. If you borrow too much, your financial masters will be knocking at your door soon.


Top
 Profile  
 
PostPosted: Sun Mar 24, 2013 4:23 am 
Offline

Joined: Tue Mar 05, 2013 10:58 am
Posts: 33
The word 'average' is very misleading, but it is common for so-called news reporters to try and skew a report to make it a tastier story. (Imagine if three of us had $10 each and Gordon had $970, the 'average' we had would be $250 - hardly a true representation of the facts.) But it cannot be denied that there does seem to be a lot of 'unusually acquired money' in foreign citizens accounts in Cypriot banks, and yes reports seem to indicate that some of these acconts may actually be in the $billion range.

The latest is that all accounts containing over 100,000 Euros will now be 'taxed', as yet the rate of this tax is unclear, but the fact that these accounts are being raided in this way now opens the doors to the same, similar, or other odious taxing to take place elsewhere within the Euro Zone. Remember that this applies just as much to the person who has just sold their home and is about to purchase another as it does to the dollar billionaire, of course the difference is that the relatively small person will might now not be able to complete the purchase of their proposed new home because they no longer have the funds to do so.

There is a myriad of situations whereby this will directly impact individuals that are obviously unfair, but when has the ECB, EuroZone, or IMF been concerned with 'fairness' - the difference is that this time it has been demonstrated to the world that investing in the Euro Zone is a dangerous place. It could well be that by trying to bully Cyprus other countries will now lose out, and I do not just mean Portugal, Ireland, Italy, Greece, Spain, but also France, Netherlands, Eastern European members, etc..

Part of the deal is to set up a fund by which capital will be raised on the Cypriot gas fields, perhaps Russia has decided this would be a cheaper way to obtain those fields and all the physical presence that would afford (including military)?


Top
 Profile  
 
Display posts from previous:  Sort by  
Post new topic Reply to topic  [ 7 posts ] 

All times are UTC - 8 hours


Who is online

Users browsing this forum: No registered users and 1 guest


You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot post attachments in this forum

Search for:
Jump to:  
cron
Powered by phpBB® Forum Software © phpBB Group