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Cyprus Parliament Rejects European Bailout Proposal: Calls Germany's Bluff

Tyler Durden's picture





 

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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Tue, 03/19/2013 - 14:22 | Link to Comment Agent P
Agent P's picture

No bank tax for you!  Next!

Tue, 03/19/2013 - 14:24 | Link to Comment camaro68ss
camaro68ss's picture

What a shit show

Tue, 03/19/2013 - 14:25 | Link to Comment ZippyBananaPants
ZippyBananaPants's picture

Pisani is a tool

Tue, 03/19/2013 - 14:27 | Link to Comment DJ Happy Ending
DJ Happy Ending's picture

Abstaining from a vote like this cracks me up. I wonder how they'll spin that in the future.

Tue, 03/19/2013 - 14:29 | Link to Comment SWCroaker
SWCroaker's picture

Show of hands.  No names on record.  Finally, a glimmer of intelligence....

Tue, 03/19/2013 - 14:33 | Link to Comment redpill
redpill's picture

Poor Brussels Eurocrats, every time they fix a problem these fucking peasants start VOTING on shit.  Don't they know their place?

Tue, 03/19/2013 - 14:34 | Link to Comment Divided States ...
Divided States of America's picture

Someone pressed the Nitro button on the PPT trading desk...thats what happened

Tue, 03/19/2013 - 14:36 | Link to Comment LawsofPhysics
LawsofPhysics's picture

Indeed, but there is a POMO today, none tomorrow.

 

http://www.newyorkfed.org/markets/tot_operation_schedule.html


Tue, 03/19/2013 - 14:37 | Link to Comment Divided States ...
Divided States of America's picture

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

 

Tue, 03/19/2013 - 14:40 | Link to Comment Thomas
Thomas's picture

Cypriotically transmitted diseases (CTDs) forthcoming.

Tue, 03/19/2013 - 15:08 | Link to Comment King_Julian
King_Julian's picture

Can you get that from a toilet seat?

Tue, 03/19/2013 - 15:14 | Link to Comment cifo
cifo's picture

5 pages of user comments in less than an hour! Must be an internet record.

Tue, 03/19/2013 - 21:08 | Link to Comment mjcOH1
mjcOH1's picture

"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?

Tue, 03/19/2013 - 14:41 | Link to Comment LawsofPhysics
LawsofPhysics's picture

business as usual, front-run accordingly.

Tue, 03/19/2013 - 14:57 | Link to Comment CClarity
CClarity's picture

Will banks in Cyprus remain closed past the 2 days they said. Don't think they'll open tomorrow with no deal yet

Tue, 03/19/2013 - 14:59 | Link to Comment CClarity
CClarity's picture

Oops. 2x post

Tue, 03/19/2013 - 14:35 | Link to Comment Half_A_Billion_...
Half_A_Billion_Hollow_Points's picture

 

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.

Tue, 03/19/2013 - 14:42 | Link to Comment gmrpeabody
gmrpeabody's picture

You really need to address those skinny legs, girl.

That don't look healthy.

Tue, 03/19/2013 - 14:45 | Link to Comment THX 1178
THX 1178's picture

Depends on what yer into...

Tue, 03/19/2013 - 15:33 | Link to Comment Spastica Rex
Spastica Rex's picture

If Mama Cass had shared half her sandwich with Karen Carpenter, would they both still be alive today?

Tue, 03/19/2013 - 15:37 | Link to Comment Almost Solvent
Almost Solvent's picture

Karen Carpenter is dead?

WTF?

Oh wait, I'm thinking of that OTHER whore, Donny Osmond.

Tue, 03/19/2013 - 17:55 | Link to Comment BeaverFever
BeaverFever's picture

No, he's into beastiality - calls it " Puppy Love"

Tue, 03/19/2013 - 14:35 | Link to Comment ZerOhead
ZerOhead's picture

Our European banksters have just avoided a self-inflicted gunshot wound to the head.

That's why we call them Cypriots and not Cypridiots...

Tue, 03/19/2013 - 14:57 | Link to Comment catacl1sm
catacl1sm's picture

Been waiting for that one.

Tue, 03/19/2013 - 14:33 | Link to Comment MS7
MS7's picture

Well, at least they'll have a future.

Tue, 03/19/2013 - 14:33 | Link to Comment SDShack
SDShack's picture

"Really Vlad, I didn't vote for it!" Cyrpus Paliament Member pleads with gun to head.

Tue, 03/19/2013 - 15:12 | Link to Comment cifo
cifo's picture

I honestly expected a link to the bigger photo of the legs :)

Tue, 03/19/2013 - 14:33 | Link to Comment The Fonz...befo...
The Fonz...before shark jump's picture

Worked for junior senator Barack Obama....how many key votes did he abstain from? Yet the dipshits still vote him in...

Tue, 03/19/2013 - 14:30 | Link to Comment Cdad
Cdad's picture

"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

Tue, 03/19/2013 - 14:36 | Link to Comment TruthInSunshine
TruthInSunshine's picture

 "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

Tue, 03/19/2013 - 14:40 | Link to Comment Cdad
Cdad's picture

Brother Truth,

You forgot to say, "The important thing is..."

Tue, 03/19/2013 - 14:45 | Link to Comment SheepDog-One
SheepDog-One's picture

The important thing is...only peons got hurt in this, elites are all safe!

Tue, 03/19/2013 - 14:41 | Link to Comment monopoly
monopoly's picture

Zippy, I think you meant "fool". But they both describe this idiot.

Tue, 03/19/2013 - 15:15 | Link to Comment earleflorida
earleflorida's picture

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

Tue, 03/19/2013 - 15:18 | Link to Comment yogibear
yogibear's picture

CNBS's Pis-on-mi is a mouthpeice for Wall Street and the banksters.

Tue, 03/19/2013 - 15:54 | Link to Comment El Oregonian
El Oregonian's picture

Pisani is a toolish fool.

Fixed

Tue, 03/19/2013 - 14:26 | Link to Comment TheFourthStooge-ing
TheFourthStooge-ing's picture

Potemkin Village is burning down, burning down, burning down...

Tue, 03/19/2013 - 14:37 | Link to Comment akak
akak's picture

Take the banksters and lock them up, lock them up, lock them up ....

Tue, 03/19/2013 - 14:25 | Link to Comment Spider
Spider's picture

Proud of the Cypress people - screw those EU bankers!

Tue, 03/19/2013 - 14:27 | Link to Comment camaro68ss
camaro68ss's picture

The banks always find a way to get the people to hold the bag last

Tue, 03/19/2013 - 14:53 | Link to Comment Dewey Cheatum Howe
Dewey Cheatum Howe's picture

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.

Tue, 03/19/2013 - 14:52 | Link to Comment Dewey Cheatum Howe
Dewey Cheatum Howe's picture

ribbit..

Tue, 03/19/2013 - 14:56 | Link to Comment waterwitch
waterwitch's picture

How'd that work out in Iceland?  Love those island countries!

Tue, 03/19/2013 - 15:18 | Link to Comment earleflorida
earleflorida's picture

especially when, 'revenge is best served cold'!

Tue, 03/19/2013 - 14:33 | Link to Comment skistroni
skistroni's picture

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. 

Tue, 03/19/2013 - 14:45 | Link to Comment TPTB_r_TBTF
TPTB_r_TBTF's picture

I tend to think that the parliament puppets fear for their lives.  You donT just up and confiscate russian deposits.

Tue, 03/19/2013 - 15:05 | Link to Comment walküre
walküre's picture

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

Tue, 03/19/2013 - 14:33 | Link to Comment Kirk2NCC1701
Kirk2NCC1701's picture

"Ich bin ein Cypriot!"

Tue, 03/19/2013 - 14:27 | Link to Comment SMG
SMG's picture

The Global Elite will make Cyprus pay dearly for this insolence. 

Tue, 03/19/2013 - 14:37 | Link to Comment Kirk2NCC1701
Kirk2NCC1701's picture

"You and what army?" -Shrek

The Bundeswehr?  The French Army?  LMFAO.

Tue, 03/19/2013 - 15:07 | Link to Comment walküre
walküre's picture

the US Army

US banks and US geopolitical interests are deep in this shit

IMF, ECB etc are US controlled puppet orgs.

 

Tue, 03/19/2013 - 15:14 | Link to Comment LawsofPhysics
LawsofPhysics's picture

The U.S. is going to send troops to Cyprus?  LMFAO!!!!

Tue, 03/19/2013 - 15:19 | Link to Comment freshfart
freshfart's picture

Just to observe and preserve the interests of peace n democracy.

Tue, 03/19/2013 - 15:17 | Link to Comment LFMayor
LFMayor's picture

Maybe DHS can take all their new MRAPS over there and restore order!

Tue, 03/19/2013 - 15:03 | Link to Comment LFMayor
LFMayor's picture

The Russian Mafia will make the EU banksters disappear. Sort of like all those "yea" votes just did.

Tue, 03/19/2013 - 14:31 | Link to Comment Sheeple Shepard
Sheeple Shepard's picture

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

Tue, 03/19/2013 - 14:35 | Link to Comment McMolotov
McMolotov's picture

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.

Tue, 03/19/2013 - 14:58 | Link to Comment Sheeple Shepard
Sheeple Shepard's picture

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?

 

Tue, 03/19/2013 - 15:01 | Link to Comment ebworthen
ebworthen's picture

Great to hear Farage speak common sense (again) and say "theft" and "stealing", which it unquestioningly is.

Tue, 03/19/2013 - 15:13 | Link to Comment Nick Jihad
Nick Jihad's picture

Isn't it also theft, when you steal from taxpayers in order to bail out depositors of insolvent banks?

Tue, 03/19/2013 - 16:45 | Link to Comment thisandthat
thisandthat's picture

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...

Tue, 03/19/2013 - 17:42 | Link to Comment Just Ice
Just Ice's picture

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.

Tue, 03/19/2013 - 15:10 | Link to Comment akarc
akarc's picture

A lot of take downs lately. From you tube to paste bin. Go to Cryptome chk out the government activity re the internet;. Scary

Tue, 03/19/2013 - 15:21 | Link to Comment Global Hunter
Global Hunter's picture

link was fine for me at 3:20pm EST, watching now thnx

Tue, 03/19/2013 - 16:17 | Link to Comment The Heart
The Heart's picture

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.

Tue, 03/19/2013 - 15:02 | Link to Comment tenpanhandle
tenpanhandle's picture

Their biggest mistake was to begin all this in the Ides of March instead of on April Fools Day.

Tue, 03/19/2013 - 14:35 | Link to Comment Fred Garvin
Fred Garvin's picture

Putin is now the Nemisis of the Cypress Parliment...

http://www.youtube.com/watch?v=qXRuoSHI6eQ

Tue, 03/19/2013 - 14:33 | Link to Comment hampsterwheel
hampsterwheel's picture

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)

Tue, 03/19/2013 - 14:37 | Link to Comment rotagen
rotagen's picture

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.

Tue, 03/19/2013 - 14:40 | Link to Comment lotusblue
lotusblue's picture

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 !.

Tue, 03/19/2013 - 14:44 | Link to Comment Jayda1850
Jayda1850's picture

#stand with Cyprus!

Tue, 03/19/2013 - 14:23 | Link to Comment Jason T
Jason T's picture

this could be their response.. http://www.youtube.com/watch?v=Swvf3w6hcY4

Tue, 03/19/2013 - 14:30 | Link to Comment Dr. Richard Head
Dr. Richard Head's picture

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.

Tue, 03/19/2013 - 14:23 | Link to Comment Legolas
Legolas's picture

Man up!  Do an Iceland on the EU !!

Tue, 03/19/2013 - 15:26 | Link to Comment tbd108
tbd108's picture

Better yet, kick NATO out and invite Russia in. That would get the blood pressure up!

Tue, 03/19/2013 - 16:38 | Link to Comment The Heart
The Heart's picture

"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.

Tue, 03/19/2013 - 14:24 | Link to Comment Jayda1850
Jayda1850's picture

Balls in your court, you fucking brussels scum!

Tue, 03/19/2013 - 14:37 | Link to Comment Rogue Trooper
Rogue Trooper's picture

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

Tue, 03/19/2013 - 14:24 | Link to Comment Id fight Gandhi
Id fight Gandhi's picture

So it's all "fixed" and time to rally?

Tue, 03/19/2013 - 14:30 | Link to Comment McMolotov
McMolotov's picture

Balls to the wall, rally on.

Tue, 03/19/2013 - 15:02 | Link to Comment squid virtuous
squid virtuous's picture

Cue Maria : "And entering the final shhtretch, we're well off the lows"

Tue, 03/19/2013 - 14:24 | Link to Comment mdtrader
mdtrader's picture

What happens now? Markets go green?

Tue, 03/19/2013 - 15:32 | Link to Comment holgerdanske
holgerdanske's picture

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!!

 

 

 

 

Tue, 03/19/2013 - 14:25 | Link to Comment DavidC
DavidC's picture

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

Tue, 03/19/2013 - 14:25 | Link to Comment insanelysane
insanelysane's picture

The politicians that abstain deserve a punch in the face and a kick in the nuts.

Tue, 03/19/2013 - 14:25 | Link to Comment FieldingMellish
FieldingMellish's picture

Makes no difference. Damage has been done already. Fuckers will do anything to keep the ball rolling.

Tue, 03/19/2013 - 14:25 | Link to Comment Byte Me
Byte Me's picture

Bullish!

(For windbags)

Tue, 03/19/2013 - 14:25 | Link to Comment Bunga Bunga
Bunga Bunga's picture

They got letters from Moscow.

Tue, 03/19/2013 - 14:32 | Link to Comment Kirk2NCC1701
Kirk2NCC1701's picture

Cyprus gambit:  Pawn takes Queen!

Tue, 03/19/2013 - 15:20 | Link to Comment tenpanhandle
tenpanhandle's picture

Vatican gambit:  Bishop takes pawn in the rear!

Tue, 03/19/2013 - 14:26 | Link to Comment Troy Ounce
Troy Ounce's picture

 

Green shoots on Cypresses!

Tue, 03/19/2013 - 14:26 | Link to Comment Troy Ounce
Troy Ounce's picture

 

Green shoots on Cypresses!

Tue, 03/19/2013 - 14:26 | Link to Comment No Euros please...
No Euros please we're British's picture

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.

Tue, 03/19/2013 - 14:26 | Link to Comment Rusty Shorts
Rusty Shorts's picture

Greatest rant of all time...DIE MOTHERFUCKERS

https://www.youtube.com/watch?v=YDXtHsz2q6Q

Tue, 03/19/2013 - 14:26 | Link to Comment tony bonn
tony bonn's picture

such a refreshing outcome - greece would have folded long ago....

Tue, 03/19/2013 - 14:27 | Link to Comment Edward Fiatski
Edward Fiatski's picture

THIS IS SPARTA! This is Iceland!

Tue, 03/19/2013 - 14:26 | Link to Comment Edward Fiatski
Edward Fiatski's picture

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.

Tue, 03/19/2013 - 14:26 | Link to Comment FuzzyDunlop21
FuzzyDunlop21's picture

all bad news is out. time to close green

Tue, 03/19/2013 - 14:26 | Link to Comment kito
Tue, 03/19/2013 - 14:27 | Link to Comment q99x2
q99x2's picture

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.

Tue, 03/19/2013 - 14:31 | Link to Comment mdtrader
mdtrader's picture

Cypriot savers lose 95% instead of 10%??? No bailout = country/banks bust.

Tue, 03/19/2013 - 14:31 | Link to Comment insanelysane
insanelysane's picture

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.

Tue, 03/19/2013 - 14:46 | Link to Comment Joe A
Joe A's picture

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.

Tue, 03/19/2013 - 14:38 | Link to Comment new game
new game's picture

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

Tue, 03/19/2013 - 14:43 | Link to Comment SDShack
SDShack's picture

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.

Tue, 03/19/2013 - 15:28 | Link to Comment Nick Jihad
Nick Jihad's picture

Well, don't leave us hanging. Tell us your brilliant plan how Cyprus can re-open their banks, without money from the EU.

Tue, 03/19/2013 - 15:02 | Link to Comment Kirk2NCC1701
Kirk2NCC1701's picture

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

Tue, 03/19/2013 - 14:27 | Link to Comment IridiumRebel
IridiumRebel's picture

Cramer says its ok. BA BA BOOYAH!!!! Buying AAPL now. MOAR stocks for my portfolio. Bullish.

Tue, 03/19/2013 - 14:27 | Link to Comment Frank N. Beans
Frank N. Beans's picture

Germany (ECB) will now have to cough up the whole amount needed for the bailout. 

But will they?

Tue, 03/19/2013 - 14:37 | Link to Comment Id fight Gandhi
Id fight Gandhi's picture

Of course they will. And the German people will get madder.

Keep the status quo going. Compound the problem.

Tue, 03/19/2013 - 14:58 | Link to Comment SDShack
SDShack's picture

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. 

Tue, 03/19/2013 - 15:37 | Link to Comment Nick Jihad
Nick Jihad's picture

"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.

Tue, 03/19/2013 - 15:35 | Link to Comment tbd108
tbd108's picture

Or better yet, "have" they?

Tue, 03/19/2013 - 14:28 | Link to Comment Bam_Man
Bam_Man's picture

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).

Tue, 03/19/2013 - 14:31 | Link to Comment holgerdanske
holgerdanske's picture

They will bail out themselves. Getting money is not a problem when you own the printer. Ask the Americans, they know.

Tue, 03/19/2013 - 14:29 | Link to Comment timbo_em
timbo_em's picture

Not sure whether Germania, Austria et al. were bluffing at all.

Tue, 03/19/2013 - 14:35 | Link to Comment magpie
magpie's picture

Sanctions will be announced shortly ?

Tue, 03/19/2013 - 14:29 | Link to Comment holgerdanske
holgerdanske's picture

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!!

 

Tue, 03/19/2013 - 14:36 | Link to Comment SmallerGovNow2
SmallerGovNow2's picture

Or Russia comes to the rescue and a new partnership...

Tue, 03/19/2013 - 15:36 | Link to Comment holgerdanske
holgerdanske's picture

Comrade! I have a bizznezz idea you find it hard to ignorr!

Tue, 03/19/2013 - 15:05 | Link to Comment ebworthen
ebworthen's picture

Just wait until next Winter when Northern Europe needs Russian Natural Gas to keep from freezing.

Tue, 03/19/2013 - 14:30 | Link to Comment insidious
insidious's picture

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?

Tue, 03/19/2013 - 14:38 | Link to Comment Id fight Gandhi
Id fight Gandhi's picture

Bankers don't get arrested, only people who protest their crimes do.

Tue, 03/19/2013 - 15:05 | Link to Comment SDShack
SDShack's picture

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.

Tue, 03/19/2013 - 14:30 | Link to Comment Kirk2NCC1701
Kirk2NCC1701's picture

Angela becomes Putin's 'bitch'.  She may like it.  A real man!  ;-)

Tue, 03/19/2013 - 14:32 | Link to Comment Edward Fiatski
Edward Fiatski's picture

As long as it's hardcore latex sado-maso, it'll pass the sniff test.

Tue, 03/19/2013 - 14:38 | Link to Comment NoTTD
NoTTD's picture

Make her smell the glove.

Tue, 03/19/2013 - 14:32 | Link to Comment slightlyskeptical
slightlyskeptical's picture

I think I will reward Cyprus by taking a vacation there.

 

I'll be bringing my own cash though.

Tue, 03/19/2013 - 14:32 | Link to Comment Kaiser Sousa
Kaiser Sousa's picture

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.............

Tue, 03/19/2013 - 14:31 | Link to Comment Smuckers
Smuckers's picture

Swiper no swiping, swiper no swiping, swiper no swiping!

 

Tue, 03/19/2013 - 14:38 | Link to Comment ParkAveFlasher
ParkAveFlasher's picture

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.

Tue, 03/19/2013 - 14:39 | Link to Comment Id fight Gandhi
Id fight Gandhi's picture

I'm the map, I'm the map, I'm the map...

Can you find Cyprus?

Tue, 03/19/2013 - 14:32 | Link to Comment jubber
jubber's picture

and we're rallying !

Tue, 03/19/2013 - 14:37 | Link to Comment fuu
fuu's picture

<--- Green by close

<--- Red by close

Pick your market

Tue, 03/19/2013 - 14:53 | Link to Comment Rip van Wrinkle
Rip van Wrinkle's picture

Sell the rumour, buy the news.

Tue, 03/19/2013 - 14:32 | Link to Comment Dr. Kenneth Noi...
Dr. Kenneth Noisewater's picture

SUCK IT MERKEL!

Tue, 03/19/2013 - 14:32 | Link to Comment crash_davis
crash_davis's picture

who has sold credit default swaps on cypriot banks?

Tue, 03/19/2013 - 14:34 | Link to Comment falak pema
falak pema's picture

One fish went rotten...

Tue, 03/19/2013 - 14:35 | Link to Comment MagicHandPuppet
MagicHandPuppet's picture

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.

Tue, 03/19/2013 - 14:35 | Link to Comment Rusty Shorts
Rusty Shorts's picture

I don't get, I mean geeesh, the Cyprus banks passed the stress test just 18 months ago...what happened???

Tue, 03/19/2013 - 14:36 | Link to Comment Racer
Racer's picture

The stressless tests you mean

Tue, 03/19/2013 - 14:35 | Link to Comment Bam_Man
Bam_Man's picture

Cyprus, Shmyprus.

Ramp the close, dammit!

Tue, 03/19/2013 - 14:35 | Link to Comment Racer
Racer's picture

And the HFTs love it

Tue, 03/19/2013 - 14:35 | Link to Comment Joe A
Joe A's picture

They said "Nein!"

Tue, 03/19/2013 - 14:37 | Link to Comment NoTTD
NoTTD's picture

Sic sempre tyrannus.

 

Let freedom ring, baby.

Tue, 03/19/2013 - 14:38 | Link to Comment Yikes
Yikes's picture

Okay, so when do the banks open up again?

Tue, 03/19/2013 - 14:41 | Link to Comment RSBriggs
RSBriggs's picture

That's the bad news...  Never....

Tue, 03/19/2013 - 14:43 | Link to Comment helping_friendl...
helping_friendly_book's picture

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.

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