Cyprus "Bank Holiday" Gets Another Extension, Bank Reopening Now Set For Thursday
What was initially a single-day Bank Holiday has now morphed into three days as the farce that is the wealth tax in Cyprus will now keep the citizenry from their money until Thursday according to the latest from the Central Bank...
- *CYPRUS CENTRAL BANK SAYS BANKS TO BE CLOSED UNTIL THURSDAY: AP
Which begs the question "Which Thursday?"
Via AP,
Cypriot central bank: Banks will remain closed until Thursday amid talks on savings seizure.
(12 votes)
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Well...there you go...bank run fixed.
I'm sure confidence is skyrocketing.
I will gladly pay you on Thursday for a souvlaki today.
beat me to it...;)
Dear Bank Customers: The bank will now be closed until a future Thursday, as we need more time to steal your money!
People of cyprus, make more stupid signs, that will show them.
Sarc/ off
Get the Molotov cocktails ready and man up to the bankers!
People better start drinking wine (for the bottles).
All I have are plastic milk jugs.
Money is being funnelled out of Cypriot banks as we speak right now, for the people in the know...the earliest is thursday for all the common folks.
I'll take the 7 day derivative for $1000 alex.
Germans working on a new name to replace "Thursday"
I think they'll just remove Thursday and make it a 6 day week.
French already did that so many times all's left is August
_
bulldoze some banks.
bulldozing some banks wont do, now bullseyeing some bankers head will prob be more effective.
You have to wonder if its even viable for these banks to open and trade again. How can they remain solvent or liquid if the major source of recapitalization is a sizable contribution from the deposits supposedly held in secure trust? (if we use that word very loosely)
1 + 1 does not equal 73
Thursday? Somebody installed Microsoft's Silverlight on my PC last Thursday, without asking for permission, on a day when I was out of town and did not use it. Check your PC's log file.
I miss the Fourth Amendment.
Check Windows Update Settings and uncheck automatic updates. You are using automatic updates, that is „who” installed silverlight.
If you are so suspicious of Silvelight you will actually have no idea when you have spy software running, or what child porn your ip is ”watching”.
Set up a linux server, a firewall, right the rules yourself :)
write*
Yeah? Well, there used to be laws against that sort of thing.
Really, where is that damn deer? He missed his chance. Now it's so fucking obvious what happens next that he has missed his chance to be in the spotlight.
OK, for those hacktivists out there, the MSM doesn't see this coming. Maybe the deer in the headlights needs to go on every MSM webpage. I'd actually click on those websites, only once, just to see that it happened.
'ere you go.
http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2...
"Dear Bank Customers: The bank will now be closed until a future Thursday, as we need more time to steal your money!"
And...we banksters need time to get the heck out of town before you burn us down!
Whenever the banks open, the first 50 customers will drain them of the tiny amount of cash they have. Everyone else will get zero. Ah, the beauty of fractional reserves /sarc
It will be interesting to see how this plays out. How many customers get 10% haircuts, and how many 100%. Then the question is -- do other Europeans see that lesson and bring down their banks as well.
No doubt this will be positive for USD and stocks and bearish for gold in USD. Safe haven for the time being.
Nah...they're gathering up "physical" paper all over Europe and flying it to Cyprus to avoid running out of cash when they finally do open the doors.
Beautiful!!!
How can you have a run on the banks when the banks are phucking CLOSED? Absolutely beautiful! ;-)
Looney
Thursday seems like a long time off in the future to me...
Tick....tock....tick....tock....tick....tock.........
Which Thursday? The Thursday when all the bank accounts are empty. Duh.
And Americans are asking, "what is a savings account? Is that like a pre-paid credit card?"
Americans; "whats a bank run? is that a fund raiser?"
Bank Diarrhea, as in "I got a bad case of the bank runs."
Luck for us the Bernaking is printing up a bunch of USA FRN's to help us out with the runs
Nice follow up!
I found this clip of the Bernank and Geithner, 15 seconds
http://www.youtube.com/watch?v=qqaKi9NTzS4
Americans; "Cyprus? You Mean Miley?"
I just googled the topic, typed in C-Y-P, the auto-complete reads: MILEY CYPRUS ON HOLIDAY HAS RUNS
Something like 1,000,000,000 hits already, with images. Scandalous!
you mean "Cypress Hill" ,
yeah i know those people.
its a gruling run ... 100K will need to carbo-load from now til thursday
Bank Runs in america are like a 10k reduced to a 5k ...
One more "small detail", all these zillions dollars removed from China and Russia by corrupt politicians, government bureaucrats, and organized mafia bosses are suddenly as secure & safe as Muammar al- Qaddafi money before them. At best, these money (hundreds of billions dollars) will be "frozen". At best...Now, it becomes very interesting!
It is just a matter of time before "Bank Holidays" will come here to America. It will be really interesting.
As for physical gold, it is always there and tax-free safely stored in your backyard.
PS
It appears that a gold rush is just about to start all around world and all Powerful Zionist-owned Central banks will not be able to do a shit about it.
Will we get those days off? Not fair to have bank holidays while the rest of us work /sarc off
I don't think you should have included the /sarc tag phalfa5.
How do you decorate for a "Bank Holiday?" There's just no GUIDANCE on the internets when you google "Bank Holiday Decór" or "Bank Holiday Decorations" or "Bank Holiday Centerpieces." I mean, WHAT COLORS do you use? Eggnog? Ham or Turkey?
This is just UNCHARTED TERRITORY and Gawd knows, I don't want to commit a Social Faux Pas!
There's a pinata involved...and it is you.
Plenty of Tequila. That's priority number one. The others begin to matter less after a few shots.
I am SO sorry I could only give you one greenie for that!
This has GOT to be the earliest Friday humor column yet, and certainly one of the best. So good to see so many ZHers in top form on a Monday morning.
Damn, still laughing my ass off as I type.
But seriously, I have never been to Cyprus and don't know the customs: Do they hang the bankers before or after the politicians there?
Open Thursday ..... yeah well once the appropriate capital controls are in place. 50 Euro maximum withdrawal per 24 hour period anyone?
Exactly!!!! 50 Euro max withdraw limit for another 10 days I predict, it's just fucking amazing how much they treat us like cattle, but then again, we have been acting like cattle collectively for decades now, so it's no wonder they treat us like it!!
The bankers are just sitting around chuckling and proclaiming if they can just weather the initial storm, people will break, forget about it, and business will be back to normal!!! Hense the delay in reopening the banks, and soon the capital controls on withdrawals!
The bank will be opening some time between Thursday at 10:00 AM and .............. December.
I could never get the hang of Thursdays...
Hmm, the day after hump day. That seems fitting now that I think about it.