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Banking Chief Calls For 15% Looting of Italians' Savings

Is the financial rape of Cyprus another IMF riot waiting to happen?

Paul Joseph Watson | Infowars.com | March 18, 2013

News that the International Monetary Fund initially demanded to loot a shocking 40% of savings from the private bank accounts of Cypriots underscores how residents of the Mediterranean country could be the latest victims of the infamous “IMF riot,” as the chief economist of the German Commerzbank calls for Italians to be similarly plundered for 15% of their savings.

The government of Cyprus is set to vote tomorrow on enforcing a “tax,” which in reality is nothing less than a confiscation of private wealth, that would hit savers with between 100,000 to 500,000 euros with a levy of 9.9%. Those with over half a million euros will face an even higher rate of 15%.

Read more: http://www.infowars.com/banking-chief-calls-for-15-looting-o...



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Hey...

Bitcoins at 65.$. I'm just saying... I wonder why???

"We’ve moved beyond the Mises textbook. We’re running in the open market." - Erik Voorhees

Gold and Silver in hand....

Gold and Silver in hand. BitCoins online, and cash in a hiding place. Just enough in the bank to get by.

They could go after what is in your bank account, just have a few back up plans. What was once improbable, has slowly become a serious possibility.

Fast forward a few years - when there is no more cash

and you have to be paid electronically, and your tax refund is electronic and your SS is electronic - and it is all electronic.

What will you do then? You will have to put "money" in the bank to pay the mortgage. You will only be able to transfer money into the bank from other bank sources(like payroll etc).
Then you wont even be able to take the FRN out to make you feel better.
As long as you have debt - you are trapped. And you will have to have debt.

The gravel is down and they have the pavers warmed up - the road to slavery is just about ready for the finishing touches.

Cyril's picture

Plausible, granted.

Plausible, granted.

By then, how much longer do you think the peoples masses will be fine keeping their mouth shut remembering or knowing about these 2000s, 1990s, 1970s, 1950s, 1900s - let's just stop back there, before the global collectivists take over ?

"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

As long as they have a false sense of security

These are the same people who actually feel safer having TSA agents feel up little kids.

The masses are blinded by trinkets - new tv's, new phones, new crap - all these "necessities" get cheaper every day. Meanwhile the price of food goes up, the price of fuel goes up, the price of healthcare goes up.
But the masses don't care -they are distracted and that is the point. Who has time to worry if the money is real - as long as it buys more junk and helps them keep up with the jones - that is what matters.

And as long as taking away the fake money for electronic money makes their life easier - they will go for it. There will be no outcry. It will be welcomed with open arms.

Cyril's picture

I was fearing this answer.

I was fearing this answer.

"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

A Money Grab from your bank account...

is the same thing as taxing over the years. The only difference is that it's more overt, out in the open, in your face.

But, other than that, increased taxation throughout time, amounts to the same thing.

We pay so many taxes---when you think about it---heavy property taxes, school levy taxes, city taxes, state taxes, federal taxes, hotel taxes, gift taxes, tourist taxes, in some states sales taxes on anything & everything under the sun just about, and even alcohol, tobacco, and restaurant taxes.

It all adds up, every last bit of it. The BILLIONAIRE ELITES & the IMF pimps are just seeing how much they can get away with!

What are the names of the

What are the names of the armies these banking chiefs command? The banksters names and addresses have been published.

Ship money in by the plane loads lol

Can you imagine what those pilots and crews must be thinking when they see the cargo...pallets and pallets of cash? :)

I think they might just keep flying on to Russia or one of those something-stans lol

p.s. the price of ink is going to skyrocket ;)

donvino

Waiting for the socialist idiot

in France to find out about this marvelous way to tax and then to announce that he will levy a 95% tax on all French subjects.

Idiots.

Do they think this will make people open to trusting the government MORE?

Integrity means having to say things that people don't want to hear & especially to say things that the regime doesnt want to hear -RonPaul

Imbecile

You don't call for it - you simply do it. By announcing it he ensures depositors will "run" to withdraw everything before the slow gears of government are done turning.

Cyril's picture

Spot on.

Spot on.

"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

My friend Phil asks, "Do you have savings in a bank?"

Nope. You?

No. I have this house and title to a quarter section. Enough weapons to worry the Deer and trespassers.

Don't trust Government and the banking cartels they created.

In 1720 the South Sea Bubble collapsed and scandal engulfed the Crown and the Bank of England.

Here we are again. How long can good press cover-up the truth?

In the meantime we can find something productive to do.

Free includes debt-free!

So Rothschild and this group of the wealthiest internationals

is behind the looting of private savings accounts.

"The World Bank - IMF is owned and controlled by NM Rothschild and 30 to 40 of the wealthiest people in the world. For over 150 years they have planned to take the world over through money.

The former chief economist of the World Bank, Joe Stiglitz, was fired recently. He pointed out to top executives that every country the IMF/World Bank got involved in ended up with a crashed economy, a destroyed government, and sometimes in flames with riots. Jim Wolfensen, the president of the World Bank would not comment on his dismissal." http://www.unitypublishing.com/Government/IMF.htm

IMF

Has nothing to do with Rothschilds or Israel.

The 188 members of the IMF include 187 members of the UN. The Board of Governors consists of one governor and one alternate governor for each member country. Each member country appoints its two governors. 24 Executive Directors make up Executive Board. The Executive Directors represent all 188 member-countries. Countries with large economies have their own Executive Director, but most countries are grouped in constituencies representing four or more countries.

Following the 2008 Amendment on Voice and Participation, eight countries each appoint an Executive Director: the United States, Japan, Germany, France, the United Kingdom, China, the Russian Federation, and Saudi Arabia.

http://en.wikipedia.org/wiki/IMF

You are naive to think the

You are naive to think the IMF is not controlled by the worlds wealthiest banker (Rothschild). The family controls well over half of the worlds wealth.

Tell me how much

total money and assets Rothschilds family has. Otherwise, it is an empty talk to make idots feel good.

Trillions....

http://thebilzerianreport.com/how-much-money-do-the-rothschi...

Have you ever wondered why you never see a Rothschild name on Forbes richest people of the world list? They have mastered hiding in the shadows. Sure some Mexican telephone guy who came onto the seen a handful of years ago with a penny stock is the richest! Critical thinking is needed here.

This will give you an idea of how they work:

http://www.vanityfair.com/society/2013/04/mysterious-residen...

now get off your duff and do your own research...

ecorob's picture

EVERYTHING has to do with the rothschilds...

You are sadly misinformed if you think different.

its 'cos I owe ya, my young friend...
Rockin' the FREE world in Tennessee since 1957!
9/11 Truth.

Cyril's picture

And here's someone who has something to say about the IMF, too

And here's someone who has something to say about the IMF, too:

http://www.dailypaul.com/278536/interview-of-the-algerian-jo...

"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

And the rest of the world

Withdraws all money from savings accounts.
At least you would think that's what would happen.

"A great civilization is not conquered from without until it has destroyed itself within" W. Durant

Cyril's picture

Funny you mention this. That's what I'm just about to do today.

"...withdraws all money from savings accounts."

Funny you mention this. That's what I'm just about to do today.

By the thousands. Laterz.

"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

If the crooks' taxation and

If the crooks' taxation and devaluation aren't enough, then they'll just stick their paws in the cookie jar. Next, these thieves will want the jar itself so one has no place to go other than a concentration camp.

Ah, America, so you THOUGHT that deficit spending wasn't a problem, eh? Your cookies are almost depleted. ;)

Excuse my language

But it seems like these bankers have just stopped giving a shit about looking like a bunch of crooks.

Wow,

it looks like it is going to be a common place for this.

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