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IT'S OFFICIAL: Banks In Europe May Now Seize Deposits To Cover Their Gambling Losses

IT'S OFFICIAL: Banks In Europe May Now Seize Deposits To Cover Their Gambling Losses

Henry Blodget | Mar. 25, 2013, 4:38 AM

Although deposits under 100,000 euros will be spared, deposits over 100,000 euros will be seized and subjected to an as-yet undetermined haircut--with the confiscated money going to bail out the gambling losses of the aforementioned reckless idiots who run some of Cyprus's banks.

The main reason that Cyprus depositors will lose their cash is because it has become politically difficult (impossible?) for leaders in Germany and other rich European countries to bail out their brethren in the "periphery" without taking many pounds of flesh.

And it is that precedent, in addition to the fate of big depositors in Cyprus, that should spook Europe's big bank depositors and lenders.

Read more: http://www.businessinsider.com/implications-of-the-cyprus-ba...



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There's not enough rich people to pay all the debt

they must fleece the common slaves to get enough money. yours and my time is coming with over $100 trillion US pledged debt.

Surviving the killing fields of Minnesota

Todays brainwashing: GMO's are safe

If the time comes

People better get to the front of the gates at the zoos before any remaining rich people get there. ;)

donvino

oh but BITCOIN is safe.....

oh but BITCOIN is safe..... lol.

Holy shit.... Buy bits now.

Holy shit.... Buy bits now.

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

Pay to the Order of Germany.

"Pay to the Order of European Union Germany. Germany's National Euro debt is 2.2 Trillion €." - Pay Master

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul

Why is anyone surprised?

Why is anyone surprised? This has ALREADY been tested and done in the US...see MF Global and Sentinel.

The theft was even confirmed by the 7th Circuit Court of Appeals. it's coming here in mass very, very soon!

http://www.silverdoctors.com/ann-barnhardt-if-youre-still-in...

“Let it not be said that no one cared, that no one objected once it’s realized that our liberties and wealth are in jeopardy.”
― Ron Paul

the inmates have control of the Asylum

we're all screwed!

Surviving the killing fields of Minnesota

Todays brainwashing: GMO's are safe

Stealing bread

What was that play about the guy taking the loaf of bread and being sought after for a long time?

That police is definitely needed in this situation lol

donvino

You're proably thinking of

Les Miserables

Awesome play/movie imho.

Germany: Europe's largest debtor calling in debts of others?

German National Debt: 2.2 Trillion € ~ Per Citizen: 27,447 €
82 Million

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul

France

I think they are the largest debtor but not by much.

Besides there are many, many Germans who are not in favor of the EU and euro and want out. I know some of them. Even thoug it has been good for their exports they see it as not sustainable. They have paid tons for E. Germany and tons for Europe and tons for reparations. The tons are starting to add up.

donvino

French Euro Trade Sinking into a Sea of Euro Debt.

You are correct per citizen being billed for the Euro debt.
Germany: 2.2 Trillion € ~ German Citizen: 27,447€
France: 1.9 Trillion € French Citizen: 28,728€

Either way. The burden is about the size of a new family automobile. Could not find a chart on France Trade Balance to compare with Germany.

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul

Cyril's picture

Yup, that's my country, RIGHT THERE !

Yup, that's my country, RIGHT THERE !

I'd recognize its features from miles away, in the darkest night with the thickest fog.

Merci la democratie !

"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

Plaisir est pour moi.

And to other neighbors on the continent...

Freude ist ganz meinerseits. piacere è tutto mio. El placer es todo mío.

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul

Thank you

for your detailed replies. It really helps shed more light upon the issues.

I am thinking French auto makers are moving to the East or Northern Africa.

I also would suggest that the EU lands are picking up the tab for the dismantle of various nuclear reactors in the East ie. Baltic countries. This must also add another massive expense.

donvino

You're welcome. Financial mascerations are steeped in liquidity

Picking up the tab is one way our "Free Press" might cover for what transacts. Actual transactions are deceptive. 'We'll send you promissory notes... ready cash... till Hell won't have it. Funds will come out of our imaginative game of Monopoly-Money ®. We will imagine; you will pay [to the order of us]. Funds are readily available to all [that are likely to pay us]. Folks far removed from the financial mascerations (soaking or steeping in liquidity) may not imagine any other practical way (solution).

Search: Bank of England, Irish potato famine, rent & dependence.
That will guide you historical reference to see how things play out for those that believe in paper-money. I am not one to predict; your words seem thoughtful. Accuracy is relative to what you are aiming at.

Ron Paul, sound money.

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul

The European Union & its Euro is a debt collection agency.

Foist upon unwitting & unwilling.

End the Fed. End the Euro. End the IMF. End the World Bank. Birds of a feather.

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul

Predictably, Bitcoin jumps to

Predictably, Bitcoin jumps to $80.

Also predictably, gold down and silver the same.

________________________________________

Those who expect to reap the blessings of freedom, must, like men, undergo the fatigue of supporting it. ~Thomas Paine

What more proof do we need that we have already traveled down

The Road to Serfdom and are now firmly planted in Serf City?

Beach Boys anyone?

Hypothetication writ large

.

=======
RON PAUL 2012