26 votes

Stocks Tank: Markets Dive all Around the World Thanks to Tiny Cyprus

Markets are tanking all around the world thanks to the goings on in a country with a GDP that's less than Shreveport, Louisiana's.

The news on Saturday that to bail out Cypriot banks, depositors would get slapped with an instant one-off haircut/tax/stability levy has stunned the world (even though it had been rumored as a possibility for awhile).

The fear is that Europe has just crushed the trust of depositor holders everywhere, who now must wonder whether their money in the bank is actually good or not.

So stocks are falling around the world.

Japan, which had been ultra hot fell 2.7%.

Italy is down over 2.6%.

Germany is down over 1%.

US futures are pointing down about 1% and so on.

European financials are getting hit particularly hard

Read more: http://www.businessinsider.com/markets-fall-after-cyprus-bai...

Markets Are Diving All Across Asia

The weird thing about finance: A bailout deal that will save Germany a few billion in taxpayer dollars (by shifting the burden to Cypriot depositors) is wiping exponentially more than that off the world's market indices today.

CNBC's Deirdre Wang Morris tweets a photo of the CNBC Asia market wall, which is as good a way as any to see the carnage.

http://www.rumormillnews.com/cgi-bin/forum.cgi?read=272047

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Don't forget about the plunge protection team created under

Reagan. The US markets are SO manipulated. Gold should be 10k or more.

...

- Just because you sold stocks doesn’t mean they’re heading lower.
- Calling tops in this market is equal to boating the horn of africa in a canoe. Good luck with that.
- When stocks go higher, they tend to keep going higher.
- When stocks goes lower, they tend to reverse and go higher.
- The over-arching trend is higher, since the beginning of time (sans the dark ages).
- Generally speaking, it’s a dumb idea to bet against the guy with the printing press.
- If the market should go down for a few days, even weeks, that’s called a buying opportunity, not a top.
- TVIX is for retards.
- Ben Bernanke is waiting for you to try something stupid. Go ahead and test him.

Taken right from the The Fly's Blog ...

The Fly is God!

The Fly is God!

Glad I started reading his blog instead of the people that post things around here like '99.9% chance the market will crash in 2 weeks'

>>>~ Global STRIKE ~<<<

• close all accounts
• exit all paper
• cease paying taxes or responding in any way
• rescind all government licenses, numbers, fraudulent presumptions
• close your Post Office box
• cancel cable tv
• leave the Republicans
• leave the Democrats
• cash-out and cancel insurance
• demand complete medical records / expunged
• demand complete government records / expunged
• demand complete saver-club card records / expunged
• campaign against ALL judges, sheriffs, District Attorneys until you get real Oathkeepers

It's on

This could

Work:)) You are right, it is ON.

"Its easier to fool people than to convince them that they have been fooled."
Mark Twain

Cyprus

You've been "Corzined"

"Its easier to fool people than to convince them that they have been fooled."
Mark Twain

Cyprus to keep banks closed until at least Friday

http://www.nytimes.com/2013/03/19/business/global/asian-mark...

"Its easier to fool people than to convince them that they have been fooled."
Mark Twain

*US puts fingers in ears*

"La la la la la la! Can't hear you, Global Economy! Everything is fine here!"

"We are not human beings having a spiritual experience; we are spiritual beings having a human experience"—Pierre Teilhard de Chardin

Headlines are all about March Madness

Kind of ironic.

"Its easier to fool people than to convince them that they have been fooled."
Mark Twain

Will they be able

To slap silver and gold back down is the question.

"Its easier to fool people than to convince them that they have been fooled."
Mark Twain

Yes they will. As long as

Yes they will. As long as they control the computers and the dollar is still the mandated currency they have complete control. Silver and gold will not skyrocket till right before the dollar collapse they will keep using the computers to keep the illusion alive.

-----
End The Fat
70 pounds lost and counting! Get in shape for the revolution!

Get Prepared!

Cyril's picture

Yup. That's exactly what I'm going to watch from now on.

Yup. That's exactly what I'm going to watch from now on.

I don't exclude them doing their best to continue so. I expect it, actually. I'm only curious about how more difficult it's going to be for the institutional banksters' manipulators, and speculators, based on the trade volumes between bears vs. bulls in that game.

Silver and gold bouncing back now up to sky highs would guarantee total chaos same day or same hour. That'd be way too premature for everybody, including TPTB.

So, my guess is they're preparing to push down on PMs as hard and long as they can notwithstanding probable other Cyprus-like stories spreading, popping up here and here.

It's like a big balloon full of helium pushed under water while getting bigger and bigger, simultaneously. The balloon is the PMs' prices, manipulated and valued in fiat money.

But at some point, there won't be any sufficient forces to maintain it below the surface. Then...

"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

Excellent

Synopsis

"Its easier to fool people than to convince them that they have been fooled."
Mark Twain

If this wakes people up and starts big bank runs....

it will be WONDERFUL! I want this world wide criminal ponzi scheme to CRASH and BURN ASAP!

Get ready to party!

Because it'll be vacations for everyone if the "contagion" spreads. My prediction is the new "terrorist" is "contagion".

It is what it is...

A Hold up!

The American way

Is so much better. Just keep printing those dollars and no one seems to catch on or mind.

"Its easier to fool people than to convince them that they have been fooled."
Mark Twain

Lets See

What the blowback will be.

"Its easier to fool people than to convince them that they have been fooled."
Mark Twain

It's not a one-off haircut/tax/stability levy

It's downright theft.

They are calling it

"Contributions" You got to love their sense of humor.

"Its easier to fool people than to convince them that they have been fooled."
Mark Twain

My favorites so far...

"creative, burden sharing with bank creditors"

"private and public debt-overhang involves making distributional choices"

You have to give it to the parasitic bunch, they sure are imaginative when it comes to bleeding the life out of their unfortunate host.

"Socialist governments traditionally do make a financial mess. They always run out of other people's money. It's quite characteristic of them."
~Margaret Thatcher, Feb 5th 1976

Dropping the DOW just 61 points is NOT a crash

JMHO

Dropping the DOW just 61 points is NOT a crash

JMHO