The Rape Of Cyprus By The European Union & The IMF

Tyler Durden's picture

Submitted by Mark J. Grant, author of Out of the Box,

I have been watching articles pour forth about Cyprus all weekend. I am almost as aggravated with the majority of them as I am with what took place. People are dancing around the edges while the propaganda machines of Europe are churning out the usual bunk.
Let's get some things straight and look what has happened directly in the face. There was no tax on the bank accounts in Cyprus. There still is no tax; the Cyprus Parliament has not passed it and will not vote on it until tomorrow so whatever action takes place it is retroactive. Next, this was not enacted by Cyprus. The people from Nicosia did not go to the Summit and ask to have the bank accounts in their country minimized to help pay the bills. Far from it; the nations of Europe, Germany, France, the Netherlands and the rest, demanded that this take place, a "fait accompli," the President of Cyprus said and Europe annexes Cyprus. Let's be quite clear; the European Union has confiscated the private property of the citizens in Cyprus without debate, legislation or Parliamentary agreement.
A bank account is not a bond or a stock or any sort of investment. This seems to be lost on many people. A bank account is the private property of a citizen or a corporation and does not belong to the government or at least that was the supposition up until now in Europe.
Next there is deposit insurance in Europe. Every country has its own version but it is there. It guaranteed the bank accounts of citizens up to one hundred thousand Euros. So much for the meaning of any guarantee in Cyprus or any other country in Europe. Null and Void! If the European Union can dismantle deposit insurance in Cyprus they can damn well do it in whatever country they please and at any time.
Here’s the description of the Cypriot government deposit insurance plan:

"Participation in the DPS is compulsory for all banks authorized by the Central Bank of Cyprus, i.e. banks incorporated in the Republic of Cyprus, including their branches in other countries, and the Cyprus branches of foreign banks, incorporated outside the Republic of Cyprus or the Member-States of the European Union. The DPS does not cover deposits of branches of banks established in European Union Member States. These deposits are covered by the corresponding deposit protection scheme established in the country of incorporation.


The DPS is activated in the event a decision is reached that a member bank is unable to repay its deposits, or as a result of a Court’s order for the winding-up of a member bank. Where a bank is unable to pay its deposits, the relevant decision is adopted by the Central Bank of Cyprus or, where a member bank is incorporated in a country outside the Republic of Cyprus, by the competent supervisory authority of the country of incorporation.


The maximum level of compensation, per depositor, per bank, is €100.000."

Please note that until yesterday all depositors in Cypriot banks were insured up to the value of €100,000 with any one bank. Today that solemn governmental promise has been shown for what it is; a lie. Worse and actually far worse and quite scary in fact is that the European Union and the European Central Bank and the IMF has not just allowed violation of the deposit insurance but demanded it. One thing is certain here; if they can void deposit insurance in Cyprus then they can void it in any country in Europe. Further; if they can void deposit insurance then they can void bond covenants with the scratch of a pen on paper. Nothing now; Nothing is safe!
Pay attention please. The European Union and the European Central Bank and the IMF have just advocated the confiscation of private property for their own indulgence. Bank accounts are not bonds or stocks or some other form of investments. It is private property like your house or your car. Germany, France et al came in and said, "We want it and we are taking it and it is necessary for our government." These countries did not demand it, yet, from their own citizens though they might soon but they demanded it from the citizens of Cyprus in exchange for funds. This is not a European Union this is a European Fourth Reich!
"The moment the idea is admitted into society that property is not as sacred as the law of God, and that there is not a force of law and public justice to protect it, anarchy and tyranny commence."
          -John Adams

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New_Meat's picture

Bastards always hated John Locke.  Took 'em hundreds of years, but they will get theirs. - Ned

TruthInSunshine's picture

It wasn't so much a raping of bank deposit holders' accounts in Cyprus by the EU and IMF as much it was A RAPING OF BANK DEPOSIT ACCOUNT "HOLDERS" BY A SYSTEM OF PRIVATE FRACTIONAL RESERVE FIAT BANKING CONCERNS.

Not only will they now suck trillions from taxpayers courtesy of bought and paid for "representatives" and "regulators," but they're now going so far as to DIRECT WITHDRAW MONEY RIGHT FROM DEPOSIT HOLDERS' ACCOUNTS.

Nice scam they have going...

YBNguy's picture

No rape here, this has been long in the making. First of the dominos so to say...

Cult_of_Reason's picture

I agree, there is no rape here, just the usual government confiscating the private property of its citizens.

Roman emperor Nero confiscated private property from the citizens to build his extravagant, mile-long Golden House, the Domus aurea.

Lenin decreed an abolition of private property in Russia.

Roosevelt, under Presidential Executive Order number 6102, confiscated all privately held gold in the United States.




WayBehind's picture

Coming to theaters near you ... very soon

wee-weed up's picture

It will be proclaimed a tax after the fact...

a la Chief (in)Justice John Roberts.

TruthInSunshine's picture

It's OT, but here's some Sunday Night Humor for all:


Mastermind of QE Reappointed at Bank of Japan, Suggests More Change *(Because his "creative" policies, have been such a raging economic success story for Japan over the last decade - as have similarly asinine 'digging holes & burning yen in giant holes' since the early 1990s ...if you thought your need for bulk purchases of anal lube might be waning, think again, citizens of Japan)

TOKYO (Reuters) - The Bank of Japan on Monday reappointed Masayoshi Amamiya, a mastermind of quantitative easing, to oversee a key division charged with drafting monetary policy, a sign it is gearing up for a radical shift in its policy framework under a new leadership that takes over this week.

The expected new BOJ governor, Haruhiko Kuroda, has pledged to do whatever it takes to achieve the central bank's new 2 percent inflation target focusing on expanding its balance sheet with purchases of longer-dated government bonds.

The reappointment of Amamiya, a 57-year-old career central banker admired for his skills in coming up with creative banking ideas, may heighten the chance the central bank will shift its policy closer to the quantitative easing campaign of the last decade.

"Amamiya is the architect of many of the BOJ's existing policy frameworks. His return now may be to review them and prepare for an overhaul in time for the BOJ's next rate review in April," said Yasuhide Yajima, chief economist at NLI Research Institute in Tokyo.

As one of the BOJ's six executive directors, Amamiya had overseen the powerful Monetary Affairs Department until May last year when he was sent to the bank's branch in Osaka, western Japan.

He was reappointed on Monday to oversee the department again, taking over the assignment from 55-year-old Kazuo Momma.

Amamiya has played a key role in crafting many of the BOJ's policies, including the quantitative easing of pumping excess cash to markets via bond purchases that lasted until 2006. He was also deeply involved in the creation of the BOJ's current monetary easing tool, its asset-buying programme, in 2010 and its surprise monetary easing in February last year...

The BOJ is expected to ease policy most likely through increases in purchases of longer-dated government bonds, and debate an overhaul of its framework at its next policy meeting on April 3-4, sources familiar with its thinking say.

Kuroda's pledge to "act with speed" to achieve the BOJ's 2 percent inflation target has heightened speculation he may summon a meeting even before the April rate review. It is uncertain whether he will indeed call one, but BOJ officials are preparing for the possibility just in case, sources have told Reuters.

Ineverslice's picture


They be on the ExpressElevator to Hell....!

   MOar power!

TwoShortPlanks's picture

CSI Cyprus, Special Victims Unit.....raped!

smlbizman's picture

and it begins...the asshole dixon on cnbs is stealing from the people who should be covered by their (fdic).....but over the 100k  amount they can take what they want and he is good with that.....its unique, its a 1 time thing, in a few days the assholes will have forgotten and they can do it again......reuters has a cool little tool the stinking cunt says, so you can play with it to see how much depositors "SHOULD BE ON THE HOOK FOR"......

hooligan2009's picture

being an axe murderer does not make you just makes you someone to avoid

Son of Loki's picture

The "law" protects you ... until it doesn't. Any law, including the "Deposit Insurance Law" can be changed in a second with a stroke of the pen...especially in the middle of a night on a weekend when banks are closed.


Hey, look at how the bankruptcy laws protected folks who held GM.

Miss anthrope's picture

yesterday, i was getting gas in the morning and i received a "NETWORK ERROR" at the pump.  went inside and the cashier says my system seems to be down........same on my internet cell phone and again at the hotel where i was staying.  And before i could hear the news I thought to myself "this is probably going to be the bank run"...... walked in and heard about Cyprus.  TICK TOCK PEOPLE.  

ACP's picture

Hopefully, at least some depositors have Financial Rape Prevention kits, ie PMs.

DoChenRollingBearing's picture

Yes I do, and I will be getting more kit-ted up tomorrow.

Sudden Debt's picture


All you need is a negative bank account and debt.

Actually.... will Europe also take 10% from the negative saldo's? you're down 10000 today, 9000 tomorrow!

In Belgium the government has been screaming for months now the "ALL THOSE SAVINGS ACCOUNTS THAT DO NOTHING SHOULD BE PUT TO BETTER USE!!"

doing nothing...
better use...

like bonds.... sure...

and after that they take one the retirement savings accounts with it.



Daily Bail's picture

In case you missed it Friday.  Eric Holder got body slammed by a Federal Judge.

A monumental court ruling reaffirming the constitution and rebuking the Justice Department came down late Friday in California.  All hail Judge Susan Illston and the brass set she wears under the robe.

NSL RULED UNCONSTITUTIONAL: "The Most Significant Court Victory For Constitutional Rights Since Bush Signed The Patriot Act"


nmewn's picture

Well, that is good news, for a change.

creeper's picture

BFD.  The laws remain in place while Congress supposedly rewrites them.

SafelyGraze's picture

first, let's not be so hasty using words like "rape"

second, the cyprus bank accounts were pretty much asking for it, if you know what I mean.

they were looking mighty damned attractive.

and, if I do say so myself, the account holders seemed to enjoy it. did you note how they were all lining up at the atm's to have a turn watching?




Janice's picture

Yes, now that you mention it, the citizens were so intoxicated that they didn't actually say "no". So, if you don't actually express "no" then it must be consensual, thus, no rape occurred.

ACP's picture

Or, like the rest of the Eurozone, they were "asking for it":

In the financial sense, of course.

Sudden Debt's picture

the biggest accounts belong to the English tax evaders.

Peter Pan's picture

I agree. The glory of fractional reserve banking on the way up is a wonder to behold but when things go in reverse it ain't a pretty picture.

The problem with all this culling of accounts is that the money has not at least being earmarked for writing off debt that is totally dead and which exists only to create slaves, make people homeless and to perpetuate the stranglehold of bankers over people.

JOYFUL's picture

"Though the Earth, and all inferior Creatures be common to all Men, yet every Man has a Property in his own Person. This no Body had any Right to but himself. The Labour of his Body, and the Work of his Hands, we may say, are properly his. Whatsoever then he removes out of the State that Nature hath provided, and left it in, he hath mixed his Labour with, and joyned to it something that is his own, and thereby makes it his Property. It being by him removed from the common state Nature placed it in, it hath by this labour something annexed to it, that excludes the common right of other Men. For this Labour being the unquestionable Property of the Labourer, no Man but he can have a right to what that is once joyned to, at least where there is enough, and as good left in common for others"

...."Thus in the beginning all the World was America, and more so than that is now; for no such thing as Money was any where known. Find out something that hath the Use and Value of Money amongst his Neighbours, you shall see the same Man will begin presently to enlarge his Possessions" \ Locke on Property

torak's picture


TruthDetector's picture

Nothing new here: ANYtime ANY person does NOT hold physical possession, there is the very real probability that it will be stolen.

We've just come to "have confidence" in the system.

Confidence is going away...

ShortTheUS's picture

Fait accompli? More like FIAT accompli...

lolmao500's picture

Putin is pissed and the only (sane) western leader.

"Trust towards Cyprus as a safe place for placing money will be reduced to zero," he told the Interfax agency Anatoly Axanof, MP and president of the Association of Regional Banks of Russia.

(...)Forbes also relies on estimates of the financial press upon which the deposits of individuals from Russia to Cyprus ranging from 8 to 35 billion euros.

"The Russians lost in a day up to 3.5 billion euros," the magazine notes on its website. "The news of the tax by up to 10% on deposits of Cypriot banks sowed panic among Russian businessmen included in the list of the richest people," adds the magazine.

The "Clockwork Orange" wrote the morning>

An angry phone call from Russian President Vladimir Putin to Nikos Anastasiadis(Cyprus' PM) was received early Sunday morning, .

The Putin reportedly said angrily to the Cypriot President

-It would have been better to put the German flag at the Presidential Palace. Do not you understand that this decision will destroy your country?

How banks will be Tuesday; Who will you trust?

Rogue Trooper's picture

WTF.... awesome 'prospecting' on the web lolmao500.

I hate to say 'blackswan event' at this point let's wait until Tuesday's market opens euro time..... or will this all be fixed again come Friday?

Bobbyrib's picture

He should cut off natural gas supplies going into Europe again.

TruthDetector's picture

In the book "Through The Eyes Of The Enemy" by Stanislav Lunev, the writer notes that he left Russia because it was "run by the mob."

Taking 10% of savings accounts from mob-holders is simply not smart.

This could very well be the lit-fuse that begins The Unraveling.


Doubt it...

TruthDetector's picture

In the book "Through The Eyes Of The Enemy" by Stanislav Lunev, the writer notes that he left Russia because it was "run by the mob."

Taking 10% of savings accounts from mob-holders is simply not smart.

This could very well be the lit-fuse that begins The Unraveling.


Doubt it...

yogibear's picture

Treat the banksters in the EU, the US and IMF responsible for this like Nazi war crimnals. 

Tirpitz's picture

The Nueremberg monkey trials were staged by and for the hook-noses.

And now you want to go against them? Highly antisemitic...

otto skorzeny's picture

the victors write the history books-and build the gallows

akak's picture

And the losers, all too often, rewrite history to their own liking, wallowing in bitter, ignorant and equally biased historical revisionism.

holdbuysell's picture

The wait time for the Farage - Rompuy 'cage match' on the Council floor may have just decreased significantly.

otto skorzeny's picture

Farage plays a mean skin flute on the Israelis

Sudden Debt's picture

the dictators don't listen to a English patriot who still uses the pound...

El Oregonian's picture

The Cystpus just popped and lots-a-oozing and much needed ouzo for pain...

yogibear's picture

One by one Bernanke, the Fed and the ECB will rape and pillage people to make themselves whole again.

Once again, socialize losses and privatize profits.


Peter Pan's picture

The German flag may not yet be flying at the Presidential Palace in Cyprus but the flag pole sure has been jammed up the backside of the Cypriot people.

What is scary is not what the IMF and the Germans are doing but what the Cypriots politicians are allowing them to do.

The Europeans are playing a dangerous game of chicken and they may well end up being the chicken.

The politicians will one day be tried as traitors because it appears that the Cypriot Minister of Finance has some homosexual/pederast peccadilloes in his closet and it may turn out that he was blackmailed/threatened by the Europeans into submission.

otto skorzeny's picture

NWO-the politicians are under the assumption that if they are all in agreeance there is safety in #s

verum quod lies's picture

You are right; and they have shown that as long as there are few if any consequences for their actions they will continue to do these types of things. As stated, they do it because they can, and, I might add, because they can get away with it. Rioting works if it scares the NWO/cultural Marxist/socialist inspired oligarchs, but targeting them as individuals is even more effective. Which is more likely to continue to screw society up more, Corzine or Madoff?

Kirk2NCC1701's picture

Whether this is factually correct is of lesser relevance than the fact that the NWO types like to help useful fools get elected whom they can blackmail at the right moment. All crime orgs do this.

Frank N. Beans's picture

why Cyprus?  why now?  why not Greece or Italy or Spain?  Or is this a trial run?