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Jor-el

Dark times in Cyprus, are we next?

142 posts in this topic

I know about the Turks; I was just making a snide comment on why the Russians might want to bribe the Cypriots out of their troubles.

I think that the Russians would be happy if they do help the Cypriots out,it would be a big chunk of Credibility lost by the EEC and would fuel a lot of doubt about the future of the Euro.

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Really? Our government, for example, recently "stopped" two banks when suspicious activity was spotted... And our government is not least corrupt, by far...

How is that socialism? Its choosing between bad, worse, and worst. And proposed levy not being worst. But, hey, if Cyprus will find other better way(s), kudos to them.

It is socialism becouse they are trying pay for their social prgrams. Except for germany all of the eu is in trouble. France is raising taxes. England is chargeing a co-pay, greece is raising taxes and cutting services.

Don't get me wrong I like the idea of helping others but if can't pay for it everyone losses out. It is what killed the soviet union, well that and them trying to out spend the usa.

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It is socialism becouse they are trying pay for their social prgrams. [....]

How so? They are trying to save country from total s**t.

[...] Except for germany all of the eu is in trouble. France is raising taxes. England is chargeing a co-pay, greece is raising taxes and cutting services.

Don't get me wrong I like the idea of helping others but if can't pay for it everyone losses out. It is what killed the soviet union, well that and them trying to out spend the usa.

But it will not be birthday present, its a loan.

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That's taking it a bit too far for me. There's no collapse planned, only a strengthening.

How they thought that pushing to such an extreme was a good idea, escapes me.

Thats the thing. If average folks like us can clearly see that this is a terrible idea, bet your ass they knew it too. So why would you think it a stretch to say its intentional? There most certainly is a collapse planned. Every single move they have made since 2007 in both America and the EU, had screamed to the roof tops that they are doing everything they can to destroy the world economy. They have litteraly been dumping trillions into a black hole.

But as far as i've read i haven't seen that the EU wanted Cyprus to touch the money of people with less than 100 000 euroos on their account. THey meant to zone in on all the foreign capital. Cyprus' banking system lives of foreign capital but needs to learn a way to function on its own.

So was it Cyprus that orchestrated this panic to get some mercy in the end? I don't know. Maybe I just haven't read it all yet.

And i think tha'ts the answer to it all, they just don;t know. Nobody knows what to do because there isn't a handbook for this. It's just rolling with the punches and there will always be a new problem where everyone can freak out over. Last year Greece, now this. Whatever. Fast forward 5 years and we'll be in a better place.

They know what they have to do, its just political suicide to say so. Every economist who actualy saw all this coming (and thats a small handful) are now saying we are heading to a global depression, before the end of this year. And there are hundreds of red flags that prove them right. Within 5 years the IMF will own most of the world.

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How so? They are trying to save country from total s**t.

But it will not be birthday present, its a loan.

The country is in trouble because of the social programs and maybe because of government pensions.

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They know what they have to do, its just political suicide to say so. Every economist who actualy saw all this coming (and thats a small handful) are now saying we are heading to a global depression, before the end of this year. And there are hundreds of red flags that prove them right. Within 5 years the IMF will own most of the world.

Which makes this a planned move, by some very influential people... This kind of thing just doesn't happen by mistake. You have to deliberately cause this kind of chaos.

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Posted (edited)

I think it's quite unsettling that EU countries are now taking money out of people's bank accounts without them knowing about it.

We need to get out of the EU now and also follow the wise advice of Nigel Farage: Any British person who has money in European bank accounts had best take it out NOW.

Edited by TheLastLazyGun
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Posted (edited)

I think it's quite unsettling that EU countries are now taking money out of people's bank accounts without them knowing about it.

We need to get out of the EU now and also follow the wise advice of Nigel Farage: Any British person who has money in European bank accounts had best take it out NOW.

Personally speaking,If I had bank accounts in Spain and Portugal I would definitely be moving my cash.The EU has just shown it's true colours.

Good advice from Mr Farage.

Edited by shaddow134
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Personally speaking,If I had bank accounts in Spain and Portugal I would definitely be moving my cash.The EU has just shown it's true colours.

Good advice from Mr Farage.

You should keep an eye; on your account up there in canada. The gueen might decide you need to help england out.

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You should keep an eye; on your account up there in canada. The gueen might decide you need to help england out.

A little unlikely,seen as she is only a Constitutional Monarch.Head of State only in a Ceremonial Sense with very limited reserve powers.

Fortunately Absolute Monarchy died out a long time ago.

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Personally speaking,If I had bank accounts in Spain and Portugal I would definitely be moving my cash.The EU has just shown it's true colours.

Good advice from Mr Farage.

The problem is if you have nowhere else to go, if you have ajob and your bank account can't be moved out of the country like most local residents. If you are an expat, or an immigrant, then that is something one can consider, but if you are a local, there aren't many options, if there are any at all.

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The problem is if you have nowhere else to go, if you have ajob and your bank account can't be moved out of the country like most local residents. If you are an expat, or an immigrant, then that is something one can consider, but if you are a local, there aren't many options, if there are any at all.

thanks to the actions - once the banks re-open there is going to be a run on the banking system. followed by the inevitable capital flight of money out of the country. if Cyprus was to default on the bonds, what would happen? the debts be written off, followed by having to leave the Euro currency. once on the outside of the EU and the Cypriot economy started to recover, others in the troubled euro zone might see the light and walk towards it. :clap: an absolute disaster for the EU.

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thanks to the actions - once the banks re-open there is going to be a run on the banking system. followed by the inevitable capital flight of money out of the country. if Cyprus was to default on the bonds, what would happen? the debts be written off, followed by having to leave the Euro currency. once on the outside of the EU and the Cypriot economy started to recover, others in the troubled euro zone might see the light and walk towards it. :clap: an absolute disaster for the EU.

The EU are a public relations disaster,if I were an investor looking for place to Invest money,anywhere in the EU would the last place I would put it at the Moment.

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The EU are a public relations disaster,if I were an investor looking for place to Invest money,anywhere in the EU would the last place I would put it at the Moment.

just to think us British introduced the pound sterling in Cyprus in the late 1700's. okay they changed to the Cypriot pound but that tracked the pound sterling well into the late 20th century - never mind that the real eye opener is they managed for 120+ years with the £ pound and yet its taken just five years with the Euro € to go bankrupt. :td: i'd laugh if it wasnt serious and the Euro € is meant to spread economic stability and FIVE countries have already been bailed out and worse is yet to come. :passifier:

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Posted (edited)

just to think us British introduced the pound sterling in Cyprus in the late 1700's. okay they changed to the Cypriot pound but that tracked the pound sterling well into the late 20th century - never mind that the real eye opener is they managed for 120+ years with the £ pound and yet its taken just five years with the Euro € to go bankrupt. :td: i'd laugh if it wasnt serious and the Euro € is meant to spread economic stability and FIVE countries have already been bailed out and worse is yet to come. :passifier:

This is what happens when you go into things with your eyes closed,cross your fingers and hope for the best.

The Euro is doomed-fact.

http://www.marketwat...goes-2013-03-21

The Germans are already taking damage limitation measures behind the Scenes.They have no confidence in the Euro zone and Merkel is in deep doo doo.

http://articles.busi...one-euro-crisis

The Mattresses of Europe are going to be full.

Edited by shaddow134
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The country is in trouble because of the social programs and maybe because of government pensions.

Thats only very small part of a problem.

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Well the government is going to take forty percent on all accounts over one hundred thousand eros.

The rest of europe will sonn follow.

The second largest bank is going to fold do to this.,

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Yea if anyone in at least southern Europe doesnt take out thier money while they still can, I think you should have your head examined. This could get really ugly.

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Yea if anyone in at least southern Europe doesnt take out thier money while they still can, I think you should have your head examined. This could get really ugly.

Yeah, that would be supersmart. Taking all the money out of the banks so there will definitely be a collapse. Then everyone will be RICH.

Who comes up with these stupid one liners? Cmon...

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Yeah, that would be supersmart. Taking all the money out of the banks so there will definitely be a collapse. Then everyone will be RICH.

Who comes up with these stupid one liners? Cmon...

Well the attitude of the EU certainly is creating a self fulfilling prophecy...

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Yeah, that would be supersmart. Taking all the money out of the banks so there will definitely be a collapse. Then everyone will be RICH.

Who comes up with these stupid one liners? Cmon...

Everyone has a right to protect their savings,if there is a run on the Banks,then the blame lays entirely with the EU.

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Posted (edited)

Well the attitude of the EU certainly is creating a self fulfilling prophecy...

Lets put it this way,if I had my savings in a Portuguese or Spanish bank I would be removing it.Remember,every time your Country goes for help from now on,the EU will goose step in and dip into your bank accounts.

Edited by shaddow134

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Lets put it this way,if I had my savings in a Portuguese or Spanish bank I would be removing it.Remember,every time your Country goes for help from now on,the EU will goose step in and dip into your bank accounts.

And where exactly would I put my savings?

I live in Portugal, I work here, my family is here. My one option is to emmigrate to another country, but that means leaving everything behind, my house, car, family maybe. those are not options when one is part of the local population instead of a visitor or an investor.

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And where exactly would I put my savings?

[...]

Ontario, Canada. Put there...

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Ontario, Canada. Put there...

Oh, and when I go shopping how exactly will I be paying my bills?

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