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Cyprus Parliament Rejects European Bailout Proposal: Calls Germany's Bluff
Just as we predicted yesterday, the Cyprus bailout vote has not passed parliament in a move that was merely there to force Germany's bluff.
- CYPRUS BANK LEVY BILL DEFEATED WITH 36 VOTES AGAINST
- CYPRUS BANK LEVY BILL DEFEATED WITH 19 ABSTENTIONS
- CYPRUS PARLIAMENT VOTED IN SHOW OF HANDS IN NICOSIA
- ANASTASIADES FAILS TO SECURE VOTES FOR DEPOSIT LOSS BILL
What happens now, nobody knows. Prepare for a litany of very angry headlines out of the inner sanctum of Europe's despotic chambers. Hopefully Pisani can explain it all.
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No bank tax for you! Next!
What a shit show
Pisani is a tool
Abstaining from a vote like this cracks me up. I wonder how they'll spin that in the future.
Show of hands. No names on record. Finally, a glimmer of intelligence....
Poor Brussels Eurocrats, every time they fix a problem these fucking peasants start VOTING on shit. Don't they know their place?
Someone pressed the Nitro button on the PPT trading desk...thats what happened
Indeed, but there is a POMO today, none tomorrow.
http://www.newyorkfed.org/markets/tot_operation_schedule.html
Remember, they dont schedule POMOS on TWO occasions.
1) When Bernank is doing a speech (OR maybe Obummer as well)
2) When there is fudged jobs number coming out
Cypriotically transmitted diseases (CTDs) forthcoming.
Can you get that from a toilet seat?
5 pages of user comments in less than an hour! Must be an internet record.
"Abstaining from a vote like this cracks me up. I wonder how they'll spin that in the future."
Yes me can?
Forward?
Hope?
Change?
business as usual, front-run accordingly.
Will banks in Cyprus remain closed past the 2 days they said. Don't think they'll open tomorrow with no deal yet
Oops. 2x post
As germany drops the liquidity flows, these banks should collapse fast. This means deal with Mother Russia very likely.
Gold is standing by for liftoff.
Wonderful days.
You really need to address those skinny legs, girl.
That don't look healthy.
Depends on what yer into...
If Mama Cass had shared half her sandwich with Karen Carpenter, would they both still be alive today?
Karen Carpenter is dead?
WTF?
Oh wait, I'm thinking of that OTHER whore, Donny Osmond.
No, he's into beastiality - calls it " Puppy Love"
Our European banksters have just avoided a self-inflicted gunshot wound to the head.
That's why we call them Cypriots and not Cypridiots...
Been waiting for that one.
Well, at least they'll have a future.
"Really Vlad, I didn't vote for it!" Cyrpus Paliament Member pleads with gun to head.
http://i.qkme.me/3tfh2j.jpg
I honestly expected a link to the bigger photo of the legs :)
Worked for junior senator Barack Obama....how many key votes did he abstain from? Yet the dipshits still vote him in...
"Look, the important thing is...it is in everyone's [bankers] interest to find a bailout solution for Cyprus. This is the new financial model that has been embraced by central banks around the world. Look, we're off our lows." B. Pisani
"Once this whole Cypress 'thing' is resolved cleanly, and the 'thingamabobs' affecting Japan, China, France, Italy, Spain, Ireland, Greece, Portugal are cleanly dealt with, it's smooth sailing for the REITs."
-- Bob "Tool of Choice of the Pump & Dumpers" Pisani
Brother Truth,
You forgot to say, "The important thing is..."
The important thing is...only peons got hurt in this, elites are all safe!
Zippy, I think you meant "fool". But they both describe this idiot.
CNBC is a dysfuctional toolbox... where all tools inside have absolutely no real-time functionality other than for a 'Graiglist', 'Antique Sell-a-T?on Auction'! Whence, finding a dusty cubby-hole in the Smithsonian archaic communication "Beta's and Dell-a-Phonic's?, has been!?
Category: unrecyclable/ obsolescence
CNBS's Pis-on-mi is a mouthpeice for Wall Street and the banksters.
Pisani is a toolish fool.
Fixed
Potemkin Village is burning down, burning down, burning down...
Take the banksters and lock them up, lock them up, lock them up ....
Proud of the Cypress people - screw those EU bankers!
The banks always find a way to get the people to hold the bag last
Sadists always congregate disproptionately where they can assert the most influence over others. The degree of sociopathology tends to also be related to how high they rise in the ranks. In an S&M lovefest both the sadists and masochists win. It is the normal people caught in the middle who lose.
ribbit..
How'd that work out in Iceland? Love those island countries!
especially when, 'revenge is best served cold'!
I tend to think that the Parliament puppets finally realised that they would never get elected again if they would vote for the confiscation, so they're playing tough. I wouldn't bet on bankers getting screwed in the end.
I tend to think that the parliament puppets fear for their lives. You donT just up and confiscate russian deposits.
if the country is going broke, what the fuck do re-election chances matter anymore?
the puppets are voting to keep their life. nevermind a fucking re-election. if they live to see another day after this, they consider themselves blessed
"Ich bin ein Cypriot!"
The Global Elite will make Cyprus pay dearly for this insolence.
"You and what army?" -Shrek
The Bundeswehr? The French Army? LMFAO.
the US Army
US banks and US geopolitical interests are deep in this shit
IMF, ECB etc are US controlled puppet orgs.
The U.S. is going to send troops to Cyprus? LMFAO!!!!
Just to observe and preserve the interests of peace n democracy.
Maybe DHS can take all their new MRAPS over there and restore order!
The Russian Mafia will make the EU banksters disappear. Sort of like all those "yea" votes just did.
So what now? Are they just gonna open the banks like nothing happened and watch deposits float away? If this is part of some grand plan im looking forward to the "reveal". Im starting to think this IS the end of the beggining and the beggining of the end. Peace
I'm sure everyone has complete confidence in the banking system. This was just a speedbump, and now we can all move on to more pressing matters, like March Madness.
Farage's two pence worth.
http://www.youtube.com/watch?v=JMf_KwQ2Xlk
*It appears to have been taken down. Seriously, it was an R.T interview with Nigel Farage and he tells the interviewer that everyone should take their money out of any of the P.I.I.G's banks A.S.A.P because more is coming down the line, and now its gone. WTF?
Great to hear Farage speak common sense (again) and say "theft" and "stealing", which it unquestioningly is.
Isn't it also theft, when you steal from taxpayers in order to bail out depositors of insolvent banks?
Well, you see, tax payers equates to low-pay, manual workers, aka proletarian, socialist scum, while depositors resounds more like upper, educated middle-class, so, well-mannered, respectable citizens, so, no, you just can't compare them...
Exactly. Call Germany's bluff??!! Yeah, how dare you (Germans and company) come forward with moneybags for us that only covers 50 puckin percent instead of the whole tamale?
Germans should be totally outraged with their gubmint. Yeah, the one that promised no bailout for Cypress.
A lot of take downs lately. From you tube to paste bin. Go to Cryptome chk out the government activity re the internet;. Scary
Was it this?
http://beforeitsnews.com/economy/2013/03/farage-eu-to-steel-money-from-c...
link was fine for me at 3:20pm EST, watching now thnx
Ditto. Works OK.
Good ol Nigel. He says, it is better to let the banks go bankrupt and for the bonds to default. This is the guy Europe needs as a leader. Wish we had one who could properly lead, instead of being the best puppet the banksters ever put on strings. Having the leadership in America like we have today, is like having a drunk Captain aboard the bridge of the Valdez. Anarchy now, anarchy later. Same same.
We are prolly maybe going to see some kind of deal come from this between Russia and Cyprus. Prolly going to give them lots of money for gas and oil drilling rights there. The EU is doing it's very best to drive these smaller countries into rich Russia's hands and control.
Sad, very sad also that the US govt is busy planning how to attack Syria or Iran, most likely Syria first, rather than dealing with the domestic problems the country faces, or trying to help any other country besides isreal. Even now they have launched some chemical weapons and are blaming it on Syria, when EVERYBODY knows that it is isreal that is responsible for this. The USA is harder at work making enemies in the world, than they are making friends. All part of the plan to demonize America for the coming world war. We can almost certainly expect some sort of false flag event to happen any day now to take the light off this Cyprus crash. This is looking more and more like the crack in the wall that the little boy cannot plug up. The dam is going to break out, and prolly sooner than expected. What's happening for sure is, people are waking up world-wide and seeing the evil bankster empire of dust for what it is. Evil. People plainly see the enemies of the world's people, and they are standing united more and more. Give thanks.
Their biggest mistake was to begin all this in the Ides of March instead of on April Fools Day.
Putin is now the Nemisis of the Cypress Parliment...
http://www.youtube.com/watch?v=qXRuoSHI6eQ
wake me up when someone in a suit is shot or hung - until then, the banksters have this all figured out - they have a magic wand that turns black swans into seaguls that S**t money by the ton - yawn,,, they rule the world and defy gravity (until they don't)
What happens now is the eurocrat wanksters revert to the tried and true methods of stealing from the debt slaves: taxes, usury, and the occasional looting of real assets when the engineered collapse hits, wash rinse repeat.
Troika will fold entirely now. Euope wants that Cypriot GAS to have alittle leverage over Russia.What a Strategic Blunder ! Summers that Idiot thought tactical,he's a tool.
So,Cypriot Parliment votes No levy-Our market goes up ! This extra Pump by Fed not counted on.
Let's see what Italians do now ! It's slow motion train wreck.Every Deal must now be renegociated.
Question is-will it last to get Merkel voted back in-I don't think so !.
#stand with Cyprus!
this could be their response.. http://www.youtube.com/watch?v=Swvf3w6hcY4
Or this, "The hand that stole all of your funds now masturbates to the memory. Fuck all of you." I believe these are the words of Jamie Dimon, but I could be wrong.
Actually, just checked my sources and it was from a recently convicted high school shooter. Potatoe pohtahtoe.
Man up! Do an Iceland on the EU !!
Better yet, kick NATO out and invite Russia in. That would get the blood pressure up!
"Better yet, kick NATO out and invite Russia in. That would get the blood pressure up!"
You have just stated a future call. The answer. If, and lets just go ahead and say, WHEN Russia takes over that part of the region from NATO, it could conceivably stop WORLD WAR THREE, which everyone world wide is hoping they can do. We are living in a time when the greatest danger to the world is the banksters that cause all this "cry havoc" around financial issues...money changer issues.
We have the evil isrealli apartheid nation that has just sworn in the nuttyyahoo again for the third time who's only reason for living is to abide by his masters the rottenchild banksters orders to start the final solution world war so they can dominate the world. Many tyrants have come and gone that have been created to work for this agenda. Many good people have been murdered by these evil banksters also in the agenda drive for world domination. When one looks at the events of today, does even a minimal of research and homework, all that is being expressed here easily comes in to the realm of possibilities.
We all hope for long life. We all hope for the best of the whole. All hands on deck as this is transpiring. We have other directions to watch for the banksters next well planned move. Is it going to be an American attack on innocent Syria? Will the mad dog isriel do something for the rothschild bankster empire of dust to start the final solution world war to take the attention away from Cyprus?
Extra Credit Listen for the day. Alex Jones with Lyndon Larouche today:
http://podcast.gcnlive.com/podcast/alex/0319132.mp3
All eyes on the horizon mates, thar be rough seas ahead.
Bless you world.
Balls in your court, you fucking brussels scum!
We can sing-a-long to Alexander Buinov's immortal tribute to the VDV!!!
Has they rain down on Brussels... I would cheer them on!
https://www.youtube.com/watch?v=OlQ6KqTlyfk
So it's all "fixed" and time to rally?
Balls to the wall, rally on.
Cue Maria : "And entering the final shhtretch, we're well off the lows"
What happens now? Markets go green?
Yes, maybe for a while. You see these traders are not the fastest!
It takes awhile for reality to be digested. If they were clever, they would not be able to handle the pressure.
Once one of them gets his brains in gear, he will find that:
the damage has been done
the deposits will melt come Thursday, Friday, next week, next month or whatever
the Germans will provide "liquidity", the hands are already stretched out from the other bankrupt countries
the first member will leave the Eurozone, and introduce local currency, and improve fast
others will join
the Eurozone has lost one star, the first of more to come
Well, if that is green in your book, then green it will be!!
Good for them. May we now get more telling the bankers where to go - this is a problem of the banks and leverage, NOT the taxpayers.
DavidC
The politicians that abstain deserve a punch in the face and a kick in the nuts.
Makes no difference. Damage has been done already. Fuckers will do anything to keep the ball rolling.
Bullish!
(For windbags)
They got letters from Moscow.
Cyprus gambit: Pawn takes Queen!
Vatican gambit: Bishop takes pawn in the rear!
Green shoots on Cypresses!
Green shoots on Cypresses!
C'mon, this is the EU. You really think that's going to be allowed? It'll either be a re-vote or GS will be taking over.
Just hope the GS candidate has a Russian umbrella with his name on it.
Greatest rant of all time...DIE MOTHERFUCKERS
https://www.youtube.com/watch?v=YDXtHsz2q6Q
such a refreshing outcome - greece would have folded long ago....
THIS IS SPARTA! This is Iceland!
Back at you, Germany. Fucking DoucheBank probably insolvent, since it's over-leveraged as hell, and they wanted deposit flight to the core ASAP.
Oops.
all bad news is out. time to close green
hey troika........
http://www.bbc.co.uk/blogs/aceandvis/mooned.jpg
Start offereing sales of items in bitcoins just to fuck with them.
Exit the EU. You certainly don't need terrorist banksters with all that gas offshore. What the fuck you doing over there. Go Iceland on the pricks. Arrest the bankster and begin GS prosecutions.
And don't forget to keep up the good work.
Cypriot savers lose 95% instead of 10%??? No bailout = country/banks bust.
The money is/was already gone. It just comes down to when you "realize" the loss. In the US, our politicians, repub and dems, choose to realize the loss in the future. That will be the same time they will cut spending and work to reduce the deficit.
Last week 4.5 billion Euro left the country, mostly of Russian Maffia and Cypriot politicians. Cyprus should sell off part of its oil and gas reserves. That will bring in some cash.
but they have a future
one if by land two if by sea
obviously you did as you were told...
reply to 10 % vs 50 % devalue below
mdtrader, you've bought the false paradigm the bankers want you to buy. That's how they do it. It's called extortion. You were only given 2 alternatives to choose from. Bad (-10%) or worse (-100%). The fact is the alternatives were dreamed up by the bankers for the bankers. You were never given the choices that died in the dark smoke filled back room. Now those choices will surface. Cyprus has learned to play the game on their terms, not the banker terms. That is the only way to beat them. Don't play the game by their rules. Will there be pain and retriburion for what Cyrpus has done? Of course. But they have control over that pain now. Just wait, soon you will see the bankers revert to their real nature. They are cannibals. They will start eating their own now that they can't rape the people.
Well, don't leave us hanging. Tell us your brilliant plan how Cyprus can re-open their banks, without money from the EU.
Dear New Fight Club Players,
Let's go back to basics: The WHOLE purpose of The Game (officially known as "FRB + fiat currency" is to create this National and International "Monopoly" game, whereby...
1. Confetti money and paper debt is created by a select/chosen few,
2. They get everyone else to play their game (using their tokens & rules) at their crap table
3. Let everyone go deeper & deeper into the (Debt) Game, till
4. The House wins, and gets the Players' Real Stuff for the Dealers' Contrived Stuff.
Cyprus is at #3 right now, and should walk away from the Crap table. The Dealers (and you - 'Et tu Brutus?') want them to stay until #4.
/I'm here all week. Try the free drinks and cheese cake. Now I'm off for blo, and surf & turf. /s
Cramer says its ok. BA BA BOOYAH!!!! Buying AAPL now. MOAR stocks for my portfolio. Bullish.
Germany (ECB) will now have to cough up the whole amount needed for the bailout.
But will they?
Of course they will. And the German people will get madder.
Keep the status quo going. Compound the problem.
I don't think so. Merkel's party lost big a few weeks ago. That was a huge slap to her face. She knows the German people are fed up with being taxed to bail out Southen Europe's deficit spending and Germany only getting a recession in return. She knows she is finished unless she changes that trajectory. This deposit theft plan was hatched months ago before Italy voted but was put on hold to try to sway the Italians to vote for the bankers. It didn't work. Now Cyprus has said Nein. The winds of change are blowing hard against Merkel. This was her signal to the EU that real pain is coming to just keep kicking the can. Otherwise it's every country for themselves. The German Election in September is going to epic, unless the EU unravels before then.
"deposit theft plan" is a distortion. The original plan was to haircut deposits over 100K, which were _never_ guaranteed in the first place. Anyone with deposits over the guarantee limit, in a bank based in Cyprus of all places (GDB similar to the state of Vermont ?), should consider themselves lucky if they manage to come away with 85% plus equity.
Or better yet, "have" they?
The ball is now firmly in the Russians' court.
Russia must provide the bail-out bucks or their ex-KGB oligarchs lose 100% (or close to it).
They will bail out themselves. Getting money is not a problem when you own the printer. Ask the Americans, they know.
Not sure whether Germania, Austria et al. were bluffing at all.
Sanctions will be announced shortly ?
Was that a big fat finger at the Germans.!
I think so.
No love lost between the Russians and the Germans.
Things are getting interesting! Next step default? Can't be much else, or the Germans will come to the rescue.
Problem is Spain, Italy and France are lining up behind, not to forget Greece.
Something gotta break!!
Or Russia comes to the rescue and a new partnership...
Comrade! I have a bizznezz idea you find it hard to ignorr!
Just wait until next Winter when Northern Europe needs Russian Natural Gas to keep from freezing.
Why (or at least I've missed it) haven't people been talking about arresting the Cypriot banking executives and board members, replacing them with administers focused on ensuring only basic functions of the banking system and initiating a special prosecutor to find out why the Cypriot banks are in the mess they are in?
Bankers don't get arrested, only people who protest their crimes do.
Ah yes, now you are beginning to understand. The only choices before were false choices dreamed up by the bankers for the bankers. Now the choices that died in the smoke filled back room will start to surface. There were never only 2 alternatives -10% (Bad) or -100% (Worse). The bankers made those rules to screw the people and enrich themselves. Now the people are having a say. Will there be suffering? Of course. But if the bankers now think they won't share in the pain, they are deluding themselves. Right now you can bet they are looking at each other and deciding who will survive and who won't. They are cannibals, and you will see evidence of it soon now that they know they can't rape the people.
Angela becomes Putin's 'bitch'. She may like it. A real man! ;-)
As long as it's hardcore latex sado-maso, it'll pass the sniff test.
Make her smell the glove.
I think I will reward Cyprus by taking a vacation there.
I'll be bringing my own cash though.
its all coming apart the way we always knew it would though perhaps a little faster thatn even we would have predicted...
but let me say that I smile today as the fall of the debt based currency paradigm is unmistakingly & clearly upon us.....
Buy Physical Gold & Silver.............
Swiper no swiping, swiper no swiping, swiper no swiping!
My 3-year-old understands this comment, and oddly enough, in the same vein, understands the entire spectrum of global macro financial banking anomalous currency flow as well.
I'm the map, I'm the map, I'm the map...
Can you find Cyprus?
and we're rallying !
<--- Green by close
<--- Red by close
Pick your market
Sell the rumour, buy the news.
SUCK IT MERKEL!
who has sold credit default swaps on cypriot banks?
One fish went rotten...
I guess the horse heads in the Cypriot politicians' beds worked like a charm. Something tells me that the Russians will lean even harder on the ECB bankercrats who know not what they do.
I don't get, I mean geeesh, the Cyprus banks passed the stress test just 18 months ago...what happened???
The stressless tests you mean
Cyprus, Shmyprus.
Ramp the close, dammit!
And the HFTs love it
They said "Nein!"
Sic sempre tyrannus.
Let freedom ring, baby.
Okay, so when do the banks open up again?
That's the bad news... Never....
f-ing Thursday.......a loan sharks wet dream......no cash to be had anywhere except the Jew who caused all this greif and the vig is only 2500 bps.