Finance: The Cypriot Confiscation is Terrifying
Yes, it is every bit as bad as it sounds, and worse. Word is that the initial plan was for a 40% (!!!!) levy confiscation of Cypriot bank accounts. They settled for a MERE 6.75% and 9.9% dual-layered...
View ArticleCyprus parliament postpones session to discuss bank levy [partial seizure of...
Cyprus's parliament on Sunday postponed an emergency session to discuss a levy on bank savings imposed to partially fund an international bailout needed to stave off bankruptcy. All meetings were...
View ArticleThink Cyprus can't happen here? It already did.
There's two bulls standing on top of a mountain. The younger one says to the older one: "Hey pop, let's say we run down there and f*** one of them cows". The older one says: "No son. Lets walk down...
View ArticleANALYST: The Cyprus Deal Could Be The 'Trigger' We Were Waiting For...
ANALYST: The Cyprus Deal Could Be The 'Trigger' We Were Waiting For In Europe Matthew BoeslerMarch. 17, 2013, 10:41 AMStephen Z on Flickr On Thursday, Société Générale analysts made a prescient call on...
View ArticleIMF Marxists Tax and Seize Personal Funds in Cyprus – Crickets Ensue
Very few things give me nightmares Yesterdays event in Cyprus was one of them and the media is conspicuously silent. What do you get when you combine worldwide Marxist elitists, bankers and the...
View ArticleTwo Side of Cyprus
Let me first (try to) give you a justification for the seizure of bank deposits in Cyprus. Everybody who knows any thing about Cyprus also knows that the domestic banks were a parking lot for Russian...
View ArticleGermany, IMF Wanted 40% Haircut of Deposits in Cyprus, Settled for 9.9% Instead
It's an outright theft, but since it's official government entities doing this, it's not called theft but bailout. The Cypriot government even calls it "a new beginning". (1984, anyone?) In exchange...
View ArticleWarning Shot From Cyprus: Levy on Deposits (European Debt Crisis Is NOT Over)
The European debt crisis was rumored to be over. But the recent warning shot from Cyprus indicates otherwise. Europe braced for renewed turmoil as outrage in Cyprus over an unprecedented levy on bank...
View ArticleThe next wave of the economic collapse would start in Europe and that is...
The Dominos Are Falling: Europe Announces Stunning Bailout For Cyprus Bank Depositors To Get Instant 10% Haircut Before Banks Reopen This Week! Biggest Bank Run In History Starts Monday!! Europe...
View ArticleCyprus: banks shut till Thursday as government scrambles to amend savings...
Photos: protests in Nicosia Crucial parliamentary vote delayed until Tuesday Reports of a rethink on bank savings levy Vladimir Putin: savings levy is unfair and dangerous Midday: Markets claw...
View ArticleNow Cyprus: Has the Next Phase of the Global Crisis Arrived?
Cyprus --- officially the Republic of Cyprus --- is an island country in the Eastern Mediterranean Sea, east of Greece, south of Turkey, west of Syria, Lebanon, northwest of Israel and north of Egypt.Â...
View Article'Merkel stole our life savings': Furious savers blame Germany for...
Stock markets across Europe and Asia tumbled today as investors reacted to an unprecedented raid on bank accounts in Cyprus prompted by a £8.6billion bailout by the European Union. As the Cypriot...
View ArticleEurope is risking a bank run (Cyprian haircut)
Sir Mervyn King once said it was not rational to start a bank run but rational to participate in one once it has started. The governor of the Bank of England was right, of course. On Saturday morning,...
View ArticleSuddenly, Things Are Going “Terribly Wrong” for the Big Banks
In fact, U.S. stocks might be solidly in the green now if it werent for another development that bears watching: Weakness in financials. Monday's slide is also being attributed to Cyprus, which has...
View ArticleEverything you need to know about banking, bailouts, and Cyprus
Good morning and welcome back to the land of anarchy where contracts and guarantees dont mean anything anymore. Over the weekend, as Im sure youve already heard, Cyprus and the EU and the IMF (and...
View ArticleNational planning Cyprus-style solution for New Zealand
The National Government are pushing a Cyprus-style solution to bank failure in New Zealand which will see small depositors lose some of their savings to fund big bank bailouts, the Green Party said...
View ArticleCyprus, Nigel Farage and Mother Green And Her Printing Machine
Well, Cyprus rejected the bank deposit levy that rattled financial markets around the world. After all, if the EU/IMF can call for such an extreme tax on a nations depositors, where will they stop?...
View ArticleEverything is moving fast
Cypriot parliament rejects ruling party request to postpone vote!!! PIMCO says it is cutting allocations to Eurozone after Cyprus deposit levy!!! zerohedgeâ@zerohedge Cypriot parliament rejects...
View ArticleFirst Cyprus, Next the US
Slowly but surely we have seen the walls that once limited what government could do pulled down. Retroactive tax increases are now permitted. U.S. residents can be taxed as punishment for private...
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