42 votes

The Fat Lady has Started to Sing - in Cyprus

This story in Cyprus is much bigger than most people realize. This just might be the beginning of the end of world government having any credibility at all.

Progressives live by the saying, "Never let a crisis go to waste." Well, defenders of liberty can play that game, too. This Cyprus story is not being told in the American Propaganda Media for a reason -- because it would wake people up to the reality of the nature of government.

But we can take advantage of this by promoting liberty. There are already cracks in the status quo. Rand Paul's filibuster, talk radio talking heads bashing the GOP leadership, and states fighting back with legislation to put a stop to progressive tyranny.

And now, Cyprus.

First off, everyone should understand what has happened there, and why it makes NO DIFFERENCE whether or not they go through with it. Cyprus is part of the EU, and all EU banks have "depositor insurance" similar to the FDIC in the USA. Depositor insurance is SUPPOSED to protect depositors' money in the event of bank defaults (if the bank itself becomes insolvent due to poor management, the depositors are supposed to be made whole on their bank accounts, even if investors and creditors of the bank go bust).

In Cyprus, all bank accounts are "officially" protected up to 100,000 Euros on deposit (about US$130,000). The Cyprus government knows that two of its largest banks are on the verge of insolvency, so they went to the Eurozone "government" for a bailout, just as Greece, Spain, Ireland, etc. had done before.

But this time, the Eurozone approved a bailout on the condition that the Cyprus government must STEAL some of the people's bank deposits. In other words, they IGNORED the depositor insurance protection of 100,000 Euros.

The WHOLE POINT of depositor insurance is that people will not put money into a bank if they think their money is not safe. Rather than let the free market regulate this financial function, the governments around the world say they will do it. But they lie. No government has the money to protect ALL deposits. They rely on people being confident in banks.

Bernanke often refers to "confidence" as a primary factor in the financial markets. Without confidence, people will take actions to protect their assets.

Now that the EU "government" has taken the most draconian step any government can in the financial realm -- the outright theft of people's assets (freezing all bank accounts until the funds are paid to the government) -- people have NO MORE REASON to have any confidence in banks.

They won't have confidence in Cyprus banks, or in weak European banks. They will then start thinking about ALL banks worldwide and there will be a mass exodus out of Europe and into other places in the world. While some of that money might go to the US at first, those who know what they are doing are more likely to send their money to Asian banks, where it really can be safe (relative to the corrupt governments elsewhere in the world).

What we in the liberty movement can do is to make sure people know what is going on in Cyprus and that it was a European Union decision, not "just some little island country over there." This was a decision reached by the EU and the IMF. You can bet the Federal Reserve will have influence in this, and that the US will become part of the "bailout" on some level.

This will lead to a flight of capital out of European banks and that will lead to the next economic crisis. We must make sure people understand it was the POLITICIANS who did this. It is not the "evil bankers" because they could not get bailouts without the evil politicians.

There is already an undercurrent going on where people are starting to wake up to the idea that "something is not right" in the world and that government/politics/media is not quite what it seems.

We need to continue educating them that EVIL POLITICIANS are the ones who cause all these problems -- and in the end they WILL steal your money outright to solve the problems they have created.

Here is a good article on the implications of the Cyprus deal (and it does not matter at this point whether the Cyprus legislature puts a stop to it or not, because the Fat Lady has already started singing that first note now that the EU politicians have revealed themselves for the dirty sociopaths that they really are):

http://www.businessinsider.com/cyprus-bailout-risks-europe-b...

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nothing new under the sun.

If ones ears are open. Then you heard Ron Paul talk about this day approaching years ago.Fiat money is just what it is.Paper nothing else.All the money printed in Euros or Obama bucks.Are not yours anyway. They printed it.No body ever built anything either.Just ask Chris Rock dad Obama.keep trusting your government.Father Obama knows Best.Better to have listen to Burl Ives song Silver and Gold. Maybe Chris Rock would believe his daddy wrote that song too.

Does anyone else find it strikingly unbalanced

So - the EU protects deposits up to 100,000 euro just like here in the US.
This deal will confiscate 6.75 % of that for your low an middle class people. So if I have only 100000 Euro - I will have 6750 confiscated. It is safe to assume this is "middle class" level savings. If the deal doesn't go through - my money is insured for 100,000 and I get 100,000. This applies to everyone right down to the old lady who has 1000 eruo.

Now - if I have 1mil euros lets do the math.
I will lose 9.9% or about 100,000 if the deal goes through.
If the deal doesn't go through - I lose 900,000.00 - because I am only insured for 100,000.00

Does nobody see how this little ploy is protecting the rich???????

Let the bank collapse. It is better for the poor.

Striking back at Russian accounts in Cyprus?

Over 20 Tons of (NATO) Heroin Seized in Afghanistan

MOSCOW, March 12 (RIA Novosti) – Almost 21 tons of heroin have been seized in an operation in eastern Afghanistan , the head of Russia’s Federal Drug Control Service (FSKN) said on Tuesday.

“An operation was carried out yesterday in the province of Nangarhar, during which several drug production labs were destroyed and almost 21 tons of heroin seized,” FSKN head Viktor Ivanov said.

He said FSKN officers had taken part in the “unique operation.”

“Twenty-one tons is, in essence, the annual volume of drugs brought into Russia,” Ivanov said.

http://en.rian.ru/world/20130312/179959947.html

"Give a man a gun, and he could rob a bank. Give a man a bank, and he could rob the world."

HITLERS CYPRUS SAVINGS STOLEN BY THE EU

http://www.youtube.com/watch?feature=player_embedded&v=3Wqin...!

Published on Mar 18, 2013
adolf hitler is furious he cant afford a larger bunker as his savings have been stolen by the eu.

"Give a man a gun, and he could rob a bank. Give a man a bank, and he could rob the world."

Cyril's picture

BUMP !

BUMP !

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius

Cyril's picture

L M F A O ! :^)_)

L M F A O ! :^)_)

Wicked !

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius

Can anyone give the names of

Can anyone give the names of the World Armies these international banking cartel people, owners and employees of these banks, Command?

MAJOR BUMP!

People need to wake up and realize these measures are close to home. the MSM is more infatuated with cheerleading for gun-control instead of reporting big news. I wounder what the American people would do if Obama had said..

Those who hold on to their deposits for two years, will get back half of their deposit in bonds ~Nicos Anastasiades, President of Cyprus.

His name is Edward Snowden

What is Capitalism?
http://youtu.be/yNF09pUPypw

Jim Sinclair has a

Jim Sinclair has a interesting take on this.

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/...

Look up the new Chapter 15 bankruptcy for banks and financial...

...institutions.

"Segregated" or depositor accounts are bank ASSETS. Under Chapter 15, bank or financial institution ASSETS are paid to claimants on those assets in order of claimant priority.

Guess who comes LAST under Chapter 15 law in the order of priority on the assets? Yep, depositors and/or owners of "segregated" accounts.

In other words, banks and financial institutions can gamble on trillions of dollars in futures and derivatives and now, with Chapter 15 bankruptcy law backing them up, they can use deposits and segregated accounts as collateral and face ZERO liability vis-a-vis depositors and individual investors if/when the bank goes into Chapter 15.

Oh and, by the way, your money is gone without recourse.

Cyril's picture

Are you talking about this?

Are you talking about this?

http://www.law.ttu.edu/lawlibrary/library/research/bapcpa_li...

Just checking, asking genuinely.

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius

Cyril's picture

Fantabulous. Once again.

Fantabulous. Once again.

I get it. (2nd link)

These crooks have really screwed the People deep, wide, and dry.

DISGUSTING.

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius

Threadworthy RANT!

LOL!

awesome rant

and there you have it

beephree

Futures markets just opened ...

... keep your eye on the financial markets this week.

On Sunday's open:

- Euro down quite a bit at the open (150 pips, which is a pretty decent hit)

- Gold up around $15

- Dow down over 100 points

That's just on the Sunday futures open. When all markets are open, we could see some interesting things. The Federal Reserve has their FOMC meeting TUE & WED. That might make people hold off, but when they release their decision WED afternoon, watch out! Plus, markets closed FRI due to holiday. I'm expecting a beating in the stock markets worldwide this week, as well as the Euro getting crushed and gold taking off.

Will be interesting to see.

Truthbearer's picture

Thanks...

...Guys.

Thank you for your information to help people understand what is happening and why.

Keep sharing.

+

SteveMT's picture

How will the bankers stop this? They must want this to happen.

Over 38,000 contracts have traded in S&P 500 futures in the first 5 minutes ($2.9bn notional)
http://www.zerohedge.com/sites/default/files/images/user3303...

Where's the outrage on the PAYROLL TAX?

Congress removed the waiver on the "payroll tax" in the FISCAL CLIFF deal on 12-31-12, but why did we have this on our wages in the first place, when we were being charged both FEDERAL & STATE TAXES??

This was alarming to find out! My husband has noticed that $400/month more is being stolen from us out of his paycheck! Can you believe that? $400!!

So, I'm saying that it seems to me that AMERICANS are all wimps, and the EVIL ELITES know this, because---someone please tell me---why haven't Americans revolted against this outrageous payroll tax?

If they won't revolt over that, then, why would they revolt over a 10% hairclip in the 401k's or IRA's or cash accounts?

LOL! Check this out ...

... it never ceases to amaze me how delusional (or stupid or dishonest) politicians are.

Check out these quotes from the Cyprus Finance Minister:

"We hope people will believe us, believe the collective leadership of the European Union, that this was a necessary step, but a single shot at the problem, and that from now on they can be very confident that nothing will happen to their savings."

And ...

Just A MONTH ago, the same guy "... insisted that any bank bailout would not include confiscation of deposits."

Man! This guy is either dumb as a box or rocks, or as much of a con artist as Barry.

http://www.cnbc.com/id/100560892

And the president of Cyprus calls the levy on depositors

"contributions"

With all due respect, I will no longer be a voting prostitute for Constitution rejecting harlots.

Cyril's picture

I know. Their insulting people's intelligence

I know. Their insulting people's intelligence like this makes you want to gag or throw up.

This bunch of thieves, crooks in white bureauCRAPS collars have no shame. No honor. No respect. Whatsoever.

Words and their meaning: to the trash, of course.

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius

+100 just for the informative

+100 purely for the informative aspect of it

Thanks for posting this

Thanks

Sharing on Twitter.

LL on Twitter: http://twitter.com/LibertyPoet
sometimes LL can suck & sometimes LL rocks!
http://www.dailypaul.com/203008/south-carolina-battle-of-cow...
Love won! Deliverance from Tyranny is on the way! Col. 2:13-15

"Depositor insurance" was never intended as any such thing

FDIC, nope -- not intended to help consumers. It's all a trick to allow banks to inflate money supplies more.

Sure, it's all a bunch of bullsh*t ...

... but they CLAIM it is to protect depositors. What this shows, though, is that they don't really mean what they claim.

Yes, you and I and most people here already know that, but the average Joe out there is clueless.

DISAGREE on one point~~

The BANKS own the "crooked politicians" 100%. Do you think the politicians are doing this by themselves? No, I don't think so. They are dictated what to do when. Even Obaaaama doesn't write his own scripts. He just goes golfing and vacationing.

No, don't kid yourself. It is all part of the ELITES attempting to dominate the world masses, and one way they can do it is to steal their money to make them poorer. They don't need the money. They NEED the "control". I agree with everything else you've said--a good write.

We are in agreement ...

... read my post below ("Yes and No") about bankers.

SteveMT's picture

71% of Cypriots Say Parliament Should Reject Bailout.

The survey shows that the first reaction of Cypriots can be characterized as anything but positive with 71% believing the the House should reject the deposit haircut imposition and a full 73% believe that President Anastasiadis and the Cypriot delegation "failed to secure a good deal." 72% believe that depositors below EUR100,000 should not be affected at all but 62% believe Cyprus should stay in the Euro. Begging the question, when's the next Cypriot election?
http://www.zerohedge.com/news/2013-03-17/71-cypriots-say-par...