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#Cyprus Depositors Vent Fury Through Social Media

Tyler Durden's picture


The incredible reality that so many Cypriots woke up to this weekend (after the late Friday NY time announcement of their deposits taking a haircut to save their precious banking system) has spurred the citizenry to take to Twitter to vent their anger and frustration. As we asked just as few days ago - has the European Spring begun, perhaps it is time for someone to launch social media guillotines as the 'elites' seem happy to say "let them eat Lokmades (Cyprus Cake)"...




From @1974NIKOS


and Via BBC:

BBC News website readers in Cyprus have been sharing their concerns on the news.

Alan and Janet, from Cyprus

This is robbery and we must get the EU to stop this. We retire and bring our savings to a bank in Cyprus and they can just take our money away without permission and then say we have shares in a bankrupt bank.

Cyprus is finished, is crooked and illegal. Anyone thinking of coming, go back and take your life, your holidays and your family somewhere else!

We had a government guarantee on this money we'd invested and now as pensioners, how can we possibly recoup this money? It's currently a holiday weekend here and ATMs aren't working, so people aren't able to take money out. It's as if the money has been locked down.

By all means the rich developers in this country can afford to pay but us expats should be excluded from this as our savings have nothing to do with the general economy as we already give money to Cyprus both in taxes and in buying things to live.

We take nothing from the state. Two weeks in government and this is what they do to us pensioners from the UK. How can the UK government support stealing from its citizens? Cameron and Clegg must step in and do something. My wife and I are currently creating an e-petition on the Number 10 website to draw attention to what's going on here.

Maria Zembyla, from Nicosia, Cyprus

It is robbery! People like us have been working for years, saving to pay for our children's studies and pensions and suddenly they steal a big share of this money.

I was shopping this morning when my husband told me the news, I thought it couldn't be correct. We've been watching the news all morning and will continue to do so throughout the day.

This decision will make a big dent in our savings, but worse than that, it will have a huge effect on the economy of Cyprus.

It will erode the investor confidence and money will leave Cyprus. Russians that currently keep the economy afloat will leave the country along with their money. Add to that increased corporate taxes and Cyprus is dead as a corporate service centre. Confidence in the Cypriot economy will evaporate.

Christos Koukides, from Limassol, Cyprus

The joke is that our politicians up until 24 hours ago were assuring us that there is absolutely no possibility for any levy on our deposits.

The whole thing looks like a plot. The previous government didn't take a decision, so as not to take the blame. The new government makes a decision and blames the previous government and will say "sorry people we had no room to negotiate, but it's not our fault" and everything is thrown upon us on the Friday night before a three-day weekend.

It feels like the people have to pay for the mistakes of the politicians and the banks. We work hard and earn our money and are forced to make up for the mistakes of others.

The feeling within the Cypriot people is that the game is about who is going to get hold of the natural gas resources that have been found in the Cypriot sea bed.

At the end of the day, we as a small country do not have a say for our future, others decide for us. Whoever was in power didn't have any option really. The Cypriot president was given orders he had to follow.

We will survive. Cyprus, with its entry in the EU, has safeguarded its future as a free country in the European political arena and if this is a price we have to pay then my opinion is that we have to do it - and pay. However the feeling of disappointment is overwhelming at the moment.

Howard Skelton, from Limassol, Cyprus

This is too little too late. Most wealthy Cypriots have moved their money out of Cyprus where they feel it is safer and it cannot be taxed.

I've been affected by the economic trouble as have most people on the island but it is not stopping the continuance of a massive 'black economy'. Cash rules in Cyprus. People only want cash! On the property front I have seen my own property devalue by 40% since 2009.

Corrupt banks and the Land Registry that colludes with the banks has left many property owners unable to get their title deeds. In many cases the owners are being held to ransom by the banks to repay the developers loans that have been taken to fund the said developments.

The only people who will benefit in the long term are the banks. It will be many years before the man in the street begins to feel any benefit from this bailout. The sooner I can return to the UK the better.


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Sun, 03/17/2013 - 13:48 | 3338799 flacon
flacon's picture

I really think this is it - the genie is out of the bottle now and there is no going back on this fractional reserve gravy train to hell. 


What will happen to the EUR, the USD and Gold is the main question. Clearly there is high demand for physical paper Euros but everyone may try to get out of electronic EUR..... I don't know what will happen in the immediate term at this failure of fractional reserve system. Are they going to print Million Euro bills, Weimar style to satisfy the physical demand?

Sun, 03/17/2013 - 14:03 | 3338881 Banksters
Banksters's picture


Merkel: Cypriot depositors must share responsibility Spoken like a former east german stastibitch. It's on, muthafuckas!



Sun, 03/17/2013 - 14:54 | 3339115 Rustysilver
Rustysilver's picture

Never trust a former east german frau. I should know.

Sun, 03/17/2013 - 14:57 | 3339138 Brit_Abroad
Brit_Abroad's picture

Never trust a former Stasi informer

I M Erika  look it up folks.

You didn't get high up in the former DDR without getting dirty

Sun, 03/17/2013 - 14:59 | 3339149 giggler123
giggler123's picture

Funny you should say that...


Sun, 03/17/2013 - 16:08 | 3339455 max2205
max2205's picture

A euro is a euro. Pretty bad when you have to worry about what country to deposit it.

They are fucked. The curtain has gone up folks

Sun, 03/17/2013 - 14:07 | 3338900 holgerdanske
holgerdanske's picture

Indeed. This could be it. Just imagine we would live to see the collapse of fiat money.

But if you think this thing through, the whole house of cards could collapse. And that includes the Swiss Franc, and for sure the dollar.

The fuse has been lit. What, how and who will be quick enough to step on it. ?

Glad gold doesn't burn, especially after my unfortunate boating accident!.


Brilliant banking robber cartoon. 10 of 10!

Fucking bastards.

Sun, 03/17/2013 - 14:46 | 3339073 otto skorzeny
otto skorzeny's picture

bernanke's nightmare-dollar to the moon

Sun, 03/17/2013 - 20:46 | 3339622 Lore
Lore's picture

Note the tweet above from Jim Rickards. It's pretty clear which side he's on. 

"Those who think Cyprus is the end of the Eurozone don’t understand. This cements the Eurozone; shows they will stop at nothing to survive."

In other words, the author of Currency Wars fully advocates outright THEFT to serve a stinking corrupt Nazist-Leninist SWINDLE.   


Stand up, people of Europe!  Shut down the stupid Euro before it turns your home into a COMPLETE hell hole.

Sun, 03/17/2013 - 21:26 | 3340597 aka_ces
aka_ces's picture

Rickards's tweet reads like an observation, not an advocacy.  Why do you see it as the later ?

Sun, 03/17/2013 - 22:15 | 3340742 Non Passaran
Non Passaran's picture

Calm the fuck down.
He stated the obvious and that is that the EU is lead by a group of totalitarian fanatics.

Mon, 03/18/2013 - 03:56 | 3341409 Lore
Lore's picture

"This cements the Eurozone" doesn't sound like a value judgement to you?! 

Mon, 03/18/2013 - 17:20 | 3344508 ManOfBliss
ManOfBliss's picture

No he doesn't you dumbass.

He's very much AGAINST these gigantic central bank cartels.

In fact, you must've conveniently over-look his 3 different tweets where he calls for DEPOSITERS to go unpunished.

In the world of financial media, Jim Rickards is on our side 99% of the time.

Tue, 03/19/2013 - 16:22 | 3349304 Lore
Lore's picture

Thank you for clarifying. I haven't looked back, but if you are right, then I sincerely apologize to Mr. Rickards.  I read his book and was surprised by the wording in that tweet. Rgds

Sun, 03/17/2013 - 14:10 | 3338908 disabledvet
disabledvet's picture

first off if you're a Cypriot and you didn't see this coming...well, clearly you haven't been reading the Hedge...let alone me...indeed ESPECIALLY me. I've been on this thing since day One...and if you believe your deposits are worth 12% annually "paid monthly" i've got a bridge to sell you in Brooklyn. the EZ (tm, copyright, all rights reserved, patent 2008 disabledvet) has been lacking ALACRITY since DAY ONE of this thing. "this is right where that CONSISTENT behavior leads." everyone involved in the EU FIATSCO (tm, copyright, all rights reserved, patent-2008 disabledevet)knew this was coming...and i do agree "it's a tough call." clearly there are bigger problems however and by definition "they are political."

Sun, 03/17/2013 - 14:30 | 3339006 zerozulu
zerozulu's picture

Cyprus fiasco should keep Simon quiet for some time.

Sun, 03/17/2013 - 15:00 | 3339155 Buck Johnson
Buck Johnson's picture

As the man toward the end of the article said, most of the rich have already took their money out of Cyprus banks along with many of the Russians and other entities.  And if you don't believe me then why tax all the bank accounts when you could tax anybody over 100,000 euros.  Thats because there isn't enough of the wealthy left and so they are going after everyone.

Sun, 03/17/2013 - 15:51 | 3339381 Matt
Matt's picture

Was the withdrawl of deposits in the first place, the thing that set off the "margin call" that required them to do something to prevent the banks from collapsing?

Sun, 03/17/2013 - 14:47 | 3339081 richard in norway
richard in norway's picture

The view from the bunker


Sun, 03/17/2013 - 16:58 | 3339673 Big Slick
Big Slick's picture

Seriously, fake subtitles from that Hitler's Bunker scene never get old!

Sun, 03/17/2013 - 15:18 | 3339237 smlbizman
smlbizman's picture

it cant happen here, it cant happen here, it cant happen here,..back to you cant happen here, cant happen here,... it cant happen here....over to you cant happen here,.... it cant happen here, cant happen here...over to you rick, what the fu...were sorry we lost our feed, now for an exclusive with warren in the cant happen here, cant happen here,... it cant happen here....

hey slow mo, did u hear about the bank problem on that island?  yeah i did ,   but it cant happen here

Sun, 03/17/2013 - 21:52 | 3340663 notbot
notbot's picture

"...over to you rick, what the fu...we're sorry we lost our feed, now for an exclusive with warren in the tub..."

I'm dying...too funny

Sun, 03/17/2013 - 17:55 | 3339887 mick_richfield
mick_richfield's picture

Flacon --

I completely agree, but I want to point out that you missed a chance for some really good mixed metaphors there.

May I suggest:

I really think this is it - they've let the genie out of the bag now and this fractional reserve gravy train is on a slippery slope to hell in a handbasket!

I feel that if we are going to be able get any humor out of this -- we'd better do it fast.

Sun, 03/17/2013 - 13:47 | 3338801 prains
prains's picture

and the leviathan awakes........and no




(hope i'm wrong)

Sun, 03/17/2013 - 13:47 | 3338803 PUD
PUD's picture

Would be good to remember that the cops had accounts too.

Sun, 03/17/2013 - 13:58 | 3338857 It is a bargin ...
It is a bargin my friend's picture

True Dat...I like the sound of Alan and Janet, must have them over for dinner soon

Sun, 03/17/2013 - 13:50 | 3338815 Tinky
Tinky's picture


Sun, 03/17/2013 - 13:50 | 3338816 AustrianJim
AustrianJim's picture

I love the reasoning of the lady towards the end. Why did they have to steal from the very poorest people? If they had left them alone, then it would have been OK.



Sun, 03/17/2013 - 14:38 | 3339033 EscapeKey
EscapeKey's picture

My favourite comment is this one:

The joke is that our politicians up until 24 hours ago were assuring us that there is absolutely no possibility for any levy on our deposits.

The whole thing looks like a plot. The previous government didn't take a decision, so as not to take the blame. The new government makes a decision and blames the previous government and will say "sorry people we had no room to negotiate, but it's not our fault" and everything is thrown upon us on the Friday night before a three-day weekend.

As if that's by accident. The presidential election was held on the 17th of February, 2013. The former President did not seek re-election; "I wonder why" said many naive voters.,_2013 They essentially knew the outcome in advance. The former president didn't want that on his CV, and the EU didn't want this pre-announced so as to influence the election. And it would suit the new President to announce this very early on, as electors have the memory of goldfish, and will likely have forgotten about this next time around.
Sun, 03/17/2013 - 16:06 | 3339446 e-recep
e-recep's picture

err, the whole idea of bailouts is to steal from the poorest.

Sun, 03/17/2013 - 13:51 | 3338819 Racer
Racer's picture

That cartoon is exactly what it is... a bank robbery and it should be called by no other words

Sun, 03/17/2013 - 13:51 | 3338823 yabs
yabs's picture

wow they vent the nager on twitter

yeah that will scare the banking scum

why don't ehy vent their anger and start hanging bankstas from lamposts


where is hitler when we need him

Sun, 03/17/2013 - 14:37 | 3339035 A Nanny Moose
A Nanny Moose's picture

They are watching greek soccer matches.

Sun, 03/17/2013 - 13:51 | 3338825 Whoa Dammit
Whoa Dammit's picture

Here's the quote of the day:

"Now the faith in Cyprus as a place where it is convenient to keep one's money will be undermined," Anatoly Aksakov, president of the Association of Regional Banks of Russia, was quoted by the Interfax news agency as saying.


Aksakov also suggested that some of the Russian money now deposited in Cypriot banks will move back to Russia."

Sun, 03/17/2013 - 13:51 | 3338826 slackrabbit
slackrabbit's picture

Dont know if people have read this but note these bits:


'Tax on interest will amount to between 20 and 25 percent.'

'Cyprus state broadcaster CyBC reported on Saturday that German Finance Minister actually entered the Eurogroup meeting on Friday proposing a 40 percent haircut on Cypriot bank accounts. Sarris stated on Saturday that this had also been the proposal of the International Monetary Fund.'

 It will be intresteing to see if the media can confirm this....


full article:

Sun, 03/17/2013 - 13:52 | 3338827 buzzsaw99
buzzsaw99's picture

A little haircut will cause a big bank run causing a much bigger haircut causing... The EU is kaput and they don't even know it.

Sun, 03/17/2013 - 14:00 | 3338864 Downtoolong
Downtoolong's picture

It's kind of like that line in the book Shadow Divers about deep water divers who come up without proper decompression. "They're already dead, they just don't know it yet". And about three minutes later they're wishing it could happen sooner than later.

Sun, 03/17/2013 - 15:16 | 3339216 NervousRex
NervousRex's picture

Dude, thanks for the book reco. :-!   (shadow divers)

Sun, 03/17/2013 - 14:28 | 3338999 imaginalis
imaginalis's picture

Lucky we live in the US where everything is just peachy

Sun, 03/17/2013 - 14:39 | 3339044 EscapeKey
EscapeKey's picture

some do, and we will be blamed when it all goes *kaboom*, despite having had no real influence over the situation.

scapegoats are always high in demand.

Sun, 03/17/2013 - 13:52 | 3338829 Ancona
Ancona's picture

The technocrats in Brussels don't seeem to have done their homework. Right now it is the weekend, but tomorrow is not, and the fury of the people will certainly be felt when they can no longer access their money. Part of me wants to see these banks totter and fall, but another part of me knows that we will all be "taught a lesson" by the bankers if it is permitted.

Either way, the Cypriots are fucked, and I fear many will also be fuck3ed in Spain, Italy and probably the rest of the union.

Sun, 03/17/2013 - 13:59 | 3338868 flacon
flacon's picture

Governments have the power to extend weekends. Mondy is a bank holiday in Cyprus and the government has said that Tuesday the banks won't open either. One solution is for the government to make a permanent bank holiday [in the sun] in Cyprus for all eternity. 


This is what happens when people become the servants to money. 

Sun, 03/17/2013 - 14:16 | 3338943 disabledvet
disabledvet's picture

"carried interest...carried to the extreme." Russians have saying: "never have coup on Monday." (in reference to the failed attempt to overthrow Gorbachev. He's still alive btw.) so now we will see. i am revising my "eh" analysis from yesterday.

Sun, 03/17/2013 - 13:53 | 3338834 Joe A
Joe A's picture

Sorry for the ordinary saver on a Cypriot banks but why should tax payers in other EU countries otherwise pay for the whole amount? Out of a warm feeling of solidarity?

Sun, 03/17/2013 - 13:57 | 3338847 Sandmann
Sandmann's picture

So in Cyprus we get  to see how a depositors haircut looks. We could have seen how a bank collapse looked instead. Clearly the Bankocracy didn't want to risk anyone picking that option !

Sun, 03/17/2013 - 14:11 | 3338914 Joe A
Joe A's picture

Well, then these people would have lost all their money. But the Troika handled this really badly. Next time a crisis pops up somewhere we will see people redrawing their money from the banks in droves and a subsequent bank collapse. Cause that is the message they sent. The troika set a really really bad example. Instead, the Troika should have taken the potential gas and oil reserves of Cyprus as collateral for a bank bailout.

Sun, 03/17/2013 - 14:39 | 3339041 nonclaim
nonclaim's picture

I like financial voodoo... If we take 10% you can keep 90% and be glad but if we leave you with 100% you will have zero when the bank opens next (if ever).

There a lie in there and it is not buried deep enough.

Sun, 03/17/2013 - 16:10 | 3339468 Matt
Matt's picture

Based on the original request for 40% of deposits to be taken, it seems the banks only have $0.60 in assets for every $1 in liabilities. Or worse, they need $0.40 on the $1 just to meet collateral requirements?

Sun, 03/17/2013 - 22:39 | 3340812 Non Passaran
Non Passaran's picture

The law says depositors are protected.
Why should other countries' taxpayers pay? Because the idiots voted to join the EU and eurozone. It's socialism. Pay up and shut up.

Sun, 03/17/2013 - 13:54 | 3338839 Caviar Emptor
Caviar Emptor's picture

Aww...aspirational consumerism is looking a bit tarnished. 

Sun, 03/17/2013 - 13:56 | 3338844 ArkansasAngie
ArkansasAngie's picture

First you take the shareholder's money.  Then you take the senior debt holder's money.


Ma and Pa are the last to get hit.


I hope the people of Cyprus tell the EU to stick it.  

Sun, 03/17/2013 - 14:51 | 3339082 earleflorida
earleflorida's picture

but, but... it's all russia's fault-- how dare they 'wash-the-cleanest-of the-world's-soiled-laundry', within our pristene country... whence, hsbc, citi, et.el., don't provide the perfect laundromat for those naught fortunate enough to live in brussel's?! 

Sun, 03/17/2013 - 13:57 | 3338851 20-20 Hindsight
20-20 Hindsight's picture

I hope that Cypriots do more than just "Twitter to vent their anger and frustration."  As a matter of fact, I hope that the world finally wakes up to this godamned travesty that is our global financial and political system.  I

t's not enough to say: "'Boo-hoo... o' wo is me!" It's not enough to have public demonstrations.  

It's now time for people to do something much more radical.  I'm not going to spell it out here, but I think intelligent people here can read between the lines.  

One thing I can say for sure is: fuck you, banksters!  You've really crossed the line this time.

Sun, 03/17/2013 - 14:02 | 3338877 FreeMktFisherMN
FreeMktFisherMN's picture

this is already happening in the U.S and all these other countries with the printing presses rolling. It's just more covert theft, via inflation. That is what people are so dumb about, that they will kick and scream when their actual nominal amount of money is taken away (as they should, of course) but will say nothing/not even be aware of what the Fed is doing to their purchasing power with its printing of at minimum $85 bln/month.

Sun, 03/17/2013 - 14:29 | 3339003 20-20 Hindsight
20-20 Hindsight's picture

You're absolutely right, FreeMkt, but with the only difference that Cyprus is screwing their people overtly, while the US is doing it covertly.  

Any dummy will immediately notice it when his/her bank account is being literally pillaged. Unfortunately, it takes at least a semi-literate, intelligent person to figure out what's going on in the US, Europe, etc.  That's setting the bar too high for most people, unfortunately.  

Sun, 03/17/2013 - 14:43 | 3339055 hooligan2009
hooligan2009's picture

do what they do in belgium..have no government, just admistrators

what happens if no-one pays taxes, claims benefits, votes or uses a bank account?

i am spartacus (pity he never got to cyprus)

Sun, 03/17/2013 - 16:49 | 3339627 WmMcK
WmMcK's picture

I am Spartacus and I am responsible.
Well, really I was McKinley and I was shot.

Sun, 03/17/2013 - 15:23 | 3339267 cristo
cristo's picture
Cyprus — Gun Facts, Figures and the Law   Civilian Guns

Number of Privately Owned Firearms The estimated total number of guns held by civilians in Cyprus is 275,000

Rate of Civilian Firearm Possession per 100 Population The rate of private gun ownership in Cyprus is 36.4 firearms per 100 people

Number of Privately Owned Firearms - World Ranking In a comparison of the number of privately owned guns in 178 countries, Cyprus ranked at No. 1071

Rate of Privately Owned Firearms per 100 Population - World Ranking In a comparison of the rate of private gun ownership in 179 countries, Cyprus ranked at No. 6

Number of Registered Firearms The number of registered guns in Cyprus is reported to be 104,661

Rate of Registered Firearms per 100 Population The rate of registered firearms per 100 people in Cyprus is 10.35

Number of Privately Owned Shotguns In Cyprus, the number of shotguns in civilian possession is reported to be 104,631

Number of Privately Owned Handguns There are reportedly 30 handguns in civilian possession in Cyprus Government Guns

Number of Military Firearms The defence forces of Cyprus are reported to have 296,000 firearms

Number of Law Enforcement Firearms Police in Cyprus are reported to have 2,807 firearms

Sun, 03/17/2013 - 13:58 | 3338854 Monedas
Monedas's picture

This is more Greek Theatre trial balloon .... the working German's are going to pay for everything !  Poor people suck !

Sun, 03/17/2013 - 13:57 | 3338855 algol_dog
algol_dog's picture

Oh common people ... Help the poor bankers for Christ Sake. What a bunch of selfish slobs you all are ~ Shame on you!

Sun, 03/17/2013 - 13:57 | 3338856 Seasmoke
Seasmoke's picture

The last quotes of the post tells us all we need to know how to prepare. Cash is king.

Get out of digital dollars and in hand Monday morning.

Sun, 03/17/2013 - 13:58 | 3338858 void_ptr
void_ptr's picture

This forum is interesting:

It's "normal" people (expats living in Cyprus) who are trying to figure out what just happened to them.

One interesting fact someone posted:

"I am in the middle of a house sale....just been informed banks will be closed now till Thursday."



Sun, 03/17/2013 - 19:18 | 3340213 Real Estate Geek
Real Estate Geek's picture

Here's one thing they figured out:

"It's something that compared to other possible outcomes, is the least onerous," said finance minister Sarris,
This arrangement notably meant his government "avoided salary and pension cuts" for public sector workers, he said.

Sun, 03/17/2013 - 13:59 | 3338865 Kaiser Sousa
Kaiser Sousa's picture

what is the first thing people need to know about Bankers....

1) Bankers are sociopaths

2) As Bankers are sociopaths there are congential pathological liars....

the rest understanding the first 2 traits can be easliy extrapolated..... 

Sun, 03/17/2013 - 14:02 | 3338880 yabs
yabs's picture

what you need to know about bankstas is that they will continue to rape and pillage until you seperate their heads from their shoulders.


Greed knows no bounds with these fuckers

Sun, 03/17/2013 - 14:04 | 3338887 Kaiser Sousa
Kaiser Sousa's picture

oh, for sure my man....neverf a doubt about that...

i'm way prepared and way past ready...just waiting for the rest to wake the fuck up.......

Sun, 03/17/2013 - 14:10 | 3338910 yabs
yabs's picture

I have the gold and silver , though shouold get more, its the food and water i am behind on


Its hard to remain focussed on reality here

I even mentioned I was trying to grow my own food and they laughed and said, whay have you been watching the good life


its sickening how brainwashed people are

they do not seem to realize that 2 and 2 equals 4 and there is nothing central planners can do if 4 means collapse, , People seem to think that they will not allow 2 and 2 to equal 4

pathetic really

Sun, 03/17/2013 - 14:21 | 3338967 Kaiser Sousa
Kaiser Sousa's picture

bro your preaching to the proverbial chior...

its hard not being the village idot living in a village of idiots...

i gave up a long time ago trying to enlighten and help those who refuse to see the world not as they have been programmed to see it but as it is stripped of all the propoganda and purposeful disinformation...

save your self, your loved ones and those you consider to part of your collective...

the rest just pass on the way down the Road.........

Sun, 03/17/2013 - 14:37 | 3339031 yabs
yabs's picture

Not trying to preach bro just trying to vent some frustration.

Many expats in the Philippines how got it but now back in the Uk NOONE gets it.

its hard to let friemnds go and it will be easier to survive if everyone gets it, ie survival in numbers of like minded people


That clearly cannot happen unless everyone on ZH teams up

Sun, 03/17/2013 - 14:58 | 3339140 Kaiser Sousa
Kaiser Sousa's picture

oh, no worries about the preachin' man...

ive thought about how we could all join as well...but never could quite come up with viable logistics...

also the surveillance concerns r multiple...if u want hit me on the Zchat thingy and we could throw some ideas around...

off to the pub to drink and watch the spectacle unfold...cheers 

Sun, 03/17/2013 - 14:41 | 3339049 hooligan2009
hooligan2009's picture

i am telling you the truth about me being a liar, but you can't handle the truth?

Sun, 03/17/2013 - 14:45 | 3339070 MS7
MS7's picture

But what about the sociopaths supposedly on the other side of this issue-- the Russian mafia? I am beginning to think the claim about those Russian mafia deposits is b.s. or maybe the Russian mafia took their money out ahead of time. Otherwise, who would be stupid enough to go against them? I think they are a scarier bunch than the banksters, but what do I know?

Sun, 03/17/2013 - 14:52 | 3339105 richard in norway
richard in norway's picture

The russians have already taken their money out

Sun, 03/17/2013 - 15:47 | 3339369 Kastorsky
Kastorsky's picture

you need to watch less hollyshit movies and you'll stop worrying about "russian 


Sun, 03/17/2013 - 15:44 | 3339361 Kastorsky
Kastorsky's picture

3) jews

Sun, 03/17/2013 - 18:59 | 3340135 j0nx
j0nx's picture


Sun, 03/17/2013 - 14:01 | 3338875 Downtoolong
Downtoolong's picture

The EU is kaput and they don't know it.

It's kind of like that line in the book Shadow Divers about deep water divers who come up without proper decompression. "They're already dead, they just don't know it yet". And about three minutes later they're wishing it could happen sooner than later.

Sun, 03/17/2013 - 14:04 | 3338886 yabs
yabs's picture

This is make or break for gold really


if this isn 't enough to get people to figure out that gold is the only safe haven then nothing will

Sun, 03/17/2013 - 14:05 | 3338890 NoWayJose
NoWayJose's picture

Toss a pebble into a lake. It makes but a small ripple. Yet the ripple spreads quickly and can reach the far shore of the lake much bigger than when in started. And if on the far shore there sleeps a dragon - you have just woken him up!

Sun, 03/17/2013 - 14:14 | 3338935 yabs
yabs's picture

only a baseball bat will wake these sheeple up.

if the ripple carries American idol all is well it seems

Sun, 03/17/2013 - 14:06 | 3338897 Roehamster
Roehamster's picture

Does this leave the Turkish Republic of Northern Cyprus with a better credit rating than their southern (eurozone) neighbours, as co-tenant of this disputed island?

Sun, 03/17/2013 - 14:10 | 3338911 tawantinsuyu
tawantinsuyu's picture

"Et tu, Anastasiades?"


Sun, 03/17/2013 - 14:13 | 3338925 yabs
yabs's picture

Wow I just posted some stuff about bankstas on facebook and i was told i should stop watching or reading things that make me angry and just enjoy myself.


that really sums it up. Lets see how much we are enjoying ourselves when beer costs 2w0 dollars, bread is 30 dollars and there is a gang of hungry welfare scpoungers trying to break in to steal your bread


yeah what a laugh

Sun, 03/17/2013 - 14:29 | 3339002 EscapeKey
EscapeKey's picture

Oh I'm sure I bore most of my FB friends to death, but I don't give a shit. I do however also occasionally get messages from people who think my links are by far the most interesting, so I guess it's swings and roundabouts.

Sun, 03/17/2013 - 14:37 | 3339036 slackrabbit
slackrabbit's picture


I gave up telling my family.

We are still animals in a hostile enviroment. We survive by using our senses....or we don't...



Sun, 03/17/2013 - 16:59 | 3339682 IridiumRebel
IridiumRebel's picture

My family gets it. Everyone else can go fuck themselves.

Sun, 03/17/2013 - 16:16 | 3339485 e-recep
e-recep's picture

screw them. when this is over i'll hire them as butlers and gardners.

Sun, 03/17/2013 - 19:01 | 3340152 j0nx
j0nx's picture

Not me. I might hire them as field hands perhaps but no jobs indoors.

Sun, 03/17/2013 - 14:15 | 3338930 Joebloinvestor
Joebloinvestor's picture

Monday in the EU is gonna be FUN!

Watch the IMF and every other LIAR try to imply that this is to curb money laundering and ignore why locals took it up the ass.

Meantime, every European with a fucking brain is gonna drain their bank account.

I predict a declared EU wide "banking holiday" while the IMF and EU "panic meet" and declare the Cypress government botched it all up., and they are blameless.

Just another excuse to meet and eat at 5 star hotels and discuss austerity for everyone else.


Although there might be more guards around the meeting.

Sun, 03/17/2013 - 14:39 | 3339042 hooligan2009
hooligan2009's picture

is cypress the dead wood tree of cyprus?

Sun, 03/17/2013 - 14:51 | 3339103 MS7
MS7's picture

Yeah, that is all these people (IMF, EU) seem to do-- meet in grand settings and talk about how unproductive the common people are and how their benefits have to be cut. Didn't they know this latest action would trigger a bank run? Is there a method to their madness? I can't figure these idiots out.

Sun, 03/17/2013 - 14:14 | 3338931 QQQBall
QQQBall's picture

On that Cyprus ex-pat link... "I wonder if it is a coincidence it happended on Friday night." Moron!

Sun, 03/17/2013 - 14:16 | 3338944 yabs
yabs's picture

yeah shear coincidence that.


just like shear coincidence that on 9/11 3 buildings collapsed from fire when one wasn't even hit.


Its truelly astounding how brainwashed sheep are

Sun, 03/17/2013 - 19:04 | 3340164 j0nx
j0nx's picture

Fuck all those ex-pats. Anyone stupid enough to take all their savings to a third world country (or close enough to it) and expect to live like kings for the rest of their lives off the backs of the natives deserves what they get. Stupid shits are lucky to escape with their hides intact when the shit really hits the fan. The rich foreigner on the hill is always the first target of the natives when things break down in their country, and it always does sooner or later.

Sun, 03/17/2013 - 14:24 | 3338977 JenkinsLane
JenkinsLane's picture

I guess this weekend's theme tune turned out not to be Danny Boy but Boney M's "Hands Up" instead:


"Hands up, baby hands up,

Give me your deposits, gimme gimme your deposits, gimme gimme..."


All together now!

Sun, 03/17/2013 - 14:32 | 3339013 yabs
yabs's picture

Yeah that and the jackson, vandross song


The best things in life are free... MONEY

and money for nothing and whores and cocaine for free

Sun, 03/17/2013 - 14:33 | 3339008 q99x2
q99x2's picture

Fuck Cyprus. Fat bitches have already invaded the beaches.

Sun, 03/17/2013 - 14:32 | 3339015 Schmuck Raker
Schmuck Raker's picture

I love this guys tweet:

@h tzanis

Bank deposits: 10 birds on a branch. You shoot one. How many are left? Nine? Wrong! ANSWER: NONE.

Sun, 03/17/2013 - 14:34 | 3339024 slackrabbit
slackrabbit's picture


(or is that -10,000)



Sun, 03/17/2013 - 14:38 | 3339040 hooligan2009
hooligan2009's picture

excellent!!! reminds me of the problems that astronauts were having using expensive pens in space til a russian started using a pencil...

Sun, 03/17/2013 - 19:25 | 3340232 Real Estate Geek
Real Estate Geek's picture

The Space Pen was developed on spec by an entrepreneur.

"When astronauts began to explore the outer reaches of space, Paul Fisher realized that
there was no existing pen which could perform in its freezing cold, boiling hot vacuum.

Countless experiments and a common sense approach to findings resulted in the invention
of the sealed and pressurized Fisher Space Pen® cartridge, and in 1967, after 18
months of rigorous testing by NASA, the Space Pen was selected for use by the astronauts.

Still used on manned space flights, the Fisher Space Pen is unconditionally guaranteed
to give outstanding service both here on Earth and in space."

Sun, 03/17/2013 - 16:39 | 3339577 WmMcK
WmMcK's picture

How about the one you shot?

Sun, 03/17/2013 - 14:33 | 3339017 slackrabbit
slackrabbit's picture

""   Addressing an election rally on Saturday night, Merkel said that "anyone having their money in Cypriot banks must contribute in the Cypriot bailout. That way those responsible will contribute in it, not only the taxpayers of other countries, and that is what’s right. German Chancellor Angela Merkel stated that all depositors in Cypriot banks should share the responsibility of bailing out the state.   ""

Does not this then mean that EU leaders are MORE negligent and responsible than savers?

With that logic, is not she (an EU leaders in general) then personally liable?

Sun, 03/17/2013 - 14:41 | 3339048 yabs
yabs's picture



of course savers are responsible silly

if we all went out and shopped and bought crap we do not need AND ATE  a happy meal all will be good


No more proof is needed that we do not have a capitalist system that requires CAPITAL but a system that should be named debtism that justs needs perpetual debt and not savings to exist.


Personally all banks should be smashed to pieces 

krugman would approve of all the broken windows I am sure

Sun, 03/17/2013 - 18:03 | 3339918 mick_richfield
mick_richfield's picture

I think it's time for McDonald's to introduce special meals for emotions other than happiness.


Sun, 03/17/2013 - 14:39 | 3339043 A Lunatic
A Lunatic's picture

When this happens in the Caymans I'll know there's as sense of justice and fairness in the world of banking and politics........

Sun, 03/17/2013 - 14:43 | 3339058 LetsGetPhysical
LetsGetPhysical's picture

"A government big enough to give you everything you want, is a government big enough to take away everything that you have." 

They're reaping what they've sown in Europe. 

Sun, 03/17/2013 - 14:45 | 3339069 hooligan2009
hooligan2009's picture

i wonder how big the cypriot military is and how much money has just been lifted from their bank accounts

military takeover anyone?

Sun, 03/17/2013 - 14:59 | 3339144 MS7
MS7's picture

It's my impression that the military in individual EU countries would need a big boy behind them like Russia. Otherwise I don't think they would dare to act. I say this because people kept predicting coups in places like Greece and nothing ever happened except that yogurt got thrown around and police beat up people and the military did nothing.

Sun, 03/17/2013 - 14:47 | 3339080 yabs
yabs's picture

Its always the least suspectin g butterfly that flaps it wings


in 2008 when everyone weas concentrating on Bear sterns etcit was Iceland, AIG and Lehmans that bought the whole thing down

now when everyone concentrates on Japan and the Pigs, its Cyprus that flaps its wings


strange how it all pans out

Sun, 03/17/2013 - 16:21 | 3339513 toys for tits
toys for tits's picture

The funny thing is that this would have been avoided for a few billion euros.

Sun, 03/17/2013 - 15:01 | 3339160 ArrestBobRubin
ArrestBobRubin's picture

There really should be a star of david on that sleeve in the picture instead.

Sun, 03/17/2013 - 15:04 | 3339180 Scalaris
Scalaris's picture

Jesus shit Alan & Janet, you are supposed to transfer your money from Cyprus to the UK, not the other way around.

I do empathize nonetheless.

Sun, 03/17/2013 - 15:17 | 3339227 Fix It Again Timmy
Fix It Again Timmy's picture

Have a meeting with your banker!  No appointment necessary...

Sun, 03/17/2013 - 16:10 | 3339463 Mongrel
Mongrel's picture

Ronnie Barrett is a good man who builds a good Southern product in Tennessee! Get you one while you still can! Also check out my organization:

Sun, 03/17/2013 - 15:22 | 3339244 Smegley Wanxalot
Smegley Wanxalot's picture

Gotta love this excerpted line from near the end of the article from Christos Koukides of Limassol, Cyprus:

"At the end of the day, we as a small country do not have a say for our future, others decide for us. Whoever was in power didn't have any option really. The Cypriot president was given orders he had to follow.

Cyprus, with its entry in the EU, has safeguarded its future as a free country in the European political arena"


How in the hell does a person say "we dont have a say in our future - our president follows orders from elsewhere, and we are safeguarded as a FREE COUNTRY" all in one breath??

Sun, 03/17/2013 - 15:24 | 3339273 Rentier
Rentier's picture

Note this "tax" is on bank deposits not on brokerage nice.

Sun, 03/17/2013 - 15:40 | 3339341 sunnyside
sunnyside's picture

And they think I'm giving up or registering any of my guns.


Sun, 03/17/2013 - 15:55 | 3339394 little buddy bu...
little buddy buys the dips's picture

wake me up when someone- anyone- in cypress hangs a banker.

Sun, 03/17/2013 - 18:15 | 3339968 yogibear
yogibear's picture

Reason for boiled rope, guns and ammo. 

Sun, 03/17/2013 - 18:55 | 3340123 ejhickey
ejhickey's picture

went mattress shopping today.  can't stuff money in a sleep number mattress because it's just a big air bag

Sun, 03/17/2013 - 18:59 | 3340143 GeneH3
GeneH3's picture

Banks openWednesday. Fire in the disco?

Sun, 03/17/2013 - 19:00 | 3340151 thewayitis
thewayitis's picture

    Pssst....A little gold and silver needed.

Sun, 03/17/2013 - 20:02 | 3340343 UncleFurker
UncleFurker's picture


Cypriots need to study up on bitcoins.



Sun, 03/17/2013 - 20:06 | 3340353 pbppbp
pbppbp's picture

Coming to a bank near you soon.

Sun, 03/17/2013 - 20:12 | 3340363 groundedkiwi
groundedkiwi's picture

The bank teller in the cartoon should have a "democracy and the rule of law" T shirt on

Mon, 03/18/2013 - 00:18 | 3341118 Meat Hammer
Meat Hammer's picture

When it happens here and we actually get our money out in time, TPTB will blame the people for collapsing the system by not letting ourselves be robbed.  


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