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Cyprus Banks To Reopen Next Tuesday At Earliest As Capital Controls Become Reality
We can only hope that nobody will be shocked that the greatly overhyped Friday Cyprus bank reopen has been postponed.
- CYPRUS BANKS EXPECTED TO REMAIN CLOSED THROUGH END OF WEEK:CYBC
And since March 25, Monday, is another Cyprus bank holiday, "Greek Independence Day" (from whom? Certainly not the Troika), it means Cypriot banks will now remain closed at least until next Tuesday and likely far longer. In the meantime, since TV cameras can't show lines of people at their freindly neighborhood bank, which will have been closed for over a week, the propaganda machine will blast full bore how because the market is pushed higher by the Fed, any fears of bank runs can be forgotten. Actually instead of "can", replace with "must."
But since banks have to reopen at some time, at which point the inevitable bank runs will become reality, the already discussed Plan B is now taking shape:
- CYPRUS CABINET TO DISCUSS DECREE ON CAPITAL CONTROLS: CYBC
It remains to be seen if a country can't have a bank run in the New Centrally-Planned and Despotic Normal, if there is simply a law saying it is now illegal to pull or transfer more than €100 of cash per day.
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Body armour is useless against the noose
They need to do a bank runOVER...
Throw 30€ of diesal into the bulldozer...and dozer the friggen bank
A small island is perfect for a controlled experiment. They can test how the people react psychologically and tweak it before these same things are unleashed on a large country in Europe or the U.S.
http://predicthistunpredictpast.blogspot.com/2013/03/toons-of-day-stick-...
And yet the banks are still standing....
There should not be a bank still standing, just for the suggestion of taking a percentage of people's savings.
Banks are dead.
Simply, there's no funeral yet. The body is getting decomposed.
Zombie banks then. I wonder how you terminate a zombie bank?
Due to fresh money going to commodities and food inflation thus disrupting the supply chain, eventually the Fed will be forced to stop QE to the banks, hence collapse. It's all about the supply chain (I borrowed this from poster 'laws of physics').
I would not be surprised if we got a surprise today from the Fed. They simply get orders from the White House.
"This is a warning to all Americans that the Obama support of the U.N. Arms Trade Treaty can lead to some “UN-intended” consequences to American’s right to own and bear arms. Americans looking at this issue are failing to look at the larger picture, which is the ultimate subjugation of the United States to a global governance. This can most effectively be accomplished through the disarmament of its citizens, especially in the face of violent outbreaks as the U.S. and the world economic systems begin to unravel."
http://www.homelandsecurityus.com/archives/8000
Everything comes together this summer....
Simple, a bullet to the CEO's head.
Very Interesting.....
http://larouchepac.com/node/25910
4 minutes into it.
Nothing strange for me.
edit: A lot more interesting that I thought.
Thx a lot
It was intentional...
Out with the old...... in with the new
Cypriots may want to watch this and hum along until you figure out what the hell you are going to do to get your money..
http://youtu.be/3SIeLnc0ZuQ
I've seen on other blogs people making fun of Zerohedge commenters saying that it'd be prudent to have some unperishable food at home all the time.
How about now? If cypriots listened to ZH commenters, they'd probably wouldn't be going nuts right now.
'Store food'? How gauche'!
I'm in Toronto, but I'm telling you, after work going straight to the grocery store and load up on tuna cans.
Theyre just jealous that the blog they belong to sux compared to ZH.
We should just sail along smoothly although we're in the middle of a Cat 5 Shiticane!! All smooth seas for the S.S. FED!
I think the last time I received an allowance I was ten years old.
Bullish for comic books and bubble gum I guess.
pray for the cypriots - this wickedness of the banksters hurts the poor the most....(and people who did not stash money under their mattresses for a rainy day.)
So, big miss with FedEx....no solution for Cyprus.....stock market soars.
This is getting boring. The central bankers are bailed out by governments, who are themselves kept afloat with new money printed by central bankers, who use the new money to prop up financial markets and use their insider knowledge to boost their earnings, which is used to pay themselves massive bonus's.....savers are crushed, and speculators rewarded.
Where does this all end? At what point does the system vomit and keel over? I am stunned that it has lasted this long.
Govts have alot of dramamine..
When the shitstorm finally hits the USA shores for real, and its effects are felt by the majority, maybe someone will start the true change with a tohsnug, one that some banksters will feel, that will be heard around the world
Hang in there Bro. I have been watching this crap since late 2004. I got out of the stock market late 2006 and avoided the 40% haircut my colleagues took. I am debt free and living beneath my means. I am doing many things to prepare for what I think is coming. Every decision I make is a good one, even if it does not collapse in my lifetime. We should always live this way, not dependent on the system and asleep. My only loss prepping and waiting like this is that I might have traveled more. I think that sacrifice is okay. Equanimity is all I really seek and hope that I have prepped enough that when SHTF that I can be calm. But even if I do freak, I still have done all I can do. It needs to die to be reborn. Detritus serves as the foundation for growth. I think the bullshit will last longer, it is sort of like cantering on a horse, riding the ups and downs, as they swing wider and wider. One day we just won't be able to ride the rhythm any more, the swings will rip the thing apart.
Just in time for Riot season to begin.
I don't think riots will accomplish anything. Nothing short of fullblown simultaneous multinational revolutions with lots of seeking and killing, will do anything to end the banking cartel and it's mission. Right now, people fear the government. That needs to be reversed.
I took out a big lump to do my part for the world wide bank run yesterday.
Savers of the world unite.
Ditto. I emptied my savings account, leaving only $100, and am converting it to more PM's. Only leaving enough in my checking to cover bills and day to day needs.
i am going to have to pitch a tent and get a porta potty for this line.
H o l i daaa-hay, ceeee le bra haaaaate... if we took a holidaaaa-hay... yeah.
Where is Dr. Evil when you need him?
http://www.youtube.com/watch?v=jTmXHvGZiSY
We have his more evil twin, Dr. Ben, running the world
This is disgusting, to be denied access to your own money...
PMs in your own possession and Bank of Mattress is the way to go to stay away from these bankster robbers
LOL
how many fools are gonna hang around and wait to see if those banks ever open again? now that cyprus has happened, i don't want anything to do with banks ever again. i think that's what i'll do.
maybe all of you should, too, if you don't already.
fuck the banks.
cyprus blinked.
russia just said no to short term help, my guess...
consistent with my previous post.
ecb et al originally wanted all over 100k to pay, none under 100k to pay...President Anastasiades, king of the 19 abstainers, forced the deal to save his over 100k depositor donors some bucks. ecb et al thought he could deliver. oops.
the rest is history.
soon, cyprus 'votes' 29 to 25 to accept a new deal, with enough of the 36 pressured into a 'bettor' deal: token % on under 100k, staggered % for the over 100k.
my guess, banks open friday. run becomes only a jog on capital controls. promises of relaxed rules follows. three day bank holiday follows.
ecb et al errored in thinking that the deal that the king of the 19 abstainers had forced on them would in fact pass the vote in parliament.
they will not make that mistake again.
because if the ecb et al does propose a deal, and that is voted down, they will have lost the hammer they regained when cyprus blinked.
Hell yeah you can have a bankrun - whatever the puppets do! Run it down with a bulldozer...
Hah ! I knew they wouldn't open by Thurs--I win my bet!
Probably shouldn't have made the bet in Euros, though . . .
Cue Cyprus FinMin Michael Sarris as GEORGE BAILEY and Wolfgang Schaeuble as HENRY F. POTTER
The bank's going to reopen next week.
But, Michael, I got my money here.
Did he guarantee this place?
Well, no, Charlie.
I didn't even ask him.
- We don't need Schaeuble over here.
- I'll take mine now.
No, but you...you...
you're thinking of this place all wrong.
As if I had the money back in a safe.
The, the money's not here.
Well, your money's in Joe's house...
that's right next to yours.
And in the Kennedy House, and Mrs. Macklin's
house, and, and a hundred others.
Why, you're lending them the money to build,
and then, they're going to pay it
back to you as best they can.
Now what are you going to do?
Foreclose on them?
I got two hundred and forty-two dollars
in here and two hundred and forty-two dollars
isn't going to break anybody.
Okay, Tom. All right.
Here you are. You sign this.
- You'll get your money in sixty days.
- Sixty days?
Well, now that's what you agreed
to when you bought you shares.
- Tom...Tom... Did you get your money?
- No.
Well, I did. Old man Schaeuble pay fifty cents
on the dollar for every share you got.
Here we see the banksters dragging their feet to delay and spread out the anger that is building, because people are not being allowed to get their funds from the banks.
There are forces that are purposely pushing this to violence. It must not be allowed to happen. Only the smooth transition into the next stage for Cyprus will be acceptable. Do not give these evil trouble makers and country killers the pleasure of instigating the "riots" most people think will happen.
Now comes this news that was foreseen already. The banks might not reopen if they do not accept the evil banksters deal. Check this story out.:
Germany warns Cyprus ‘banks might never reopen’ if terms of bailout are rejected
http://en.mercopress.com/2013/03/20/germany-warns-cyprus-banks-might-nev...
As it looks now, there really is no real date that they plan on opening up for people to get their money out.
Too bad no one way dumb enough to accept my bet of a couple days ago that this "banking holiday" would get extended...
so lets delve into the psyche of the average person, if you are afraid of a "levy" on your hard earned saving, and then banks are on "holiday" extending that "holiday" is going to make you say, well its ok now they didn't take money out of my account and plus that was over a week ago, the new episode of survivor is on, I will just leave my money in this bank, now owned and run by the lovely russian gangsters. (do these politicians actually believe this is whats going to happen?)
or more likely, oh shit they threaten to take my savings, deny me access to my savings, wont let me withdraw my money after the banks finally open, give the banks and the countries gas reserves over to the russians, I think it would be wise to remove all my money not only from the bank but from the country.
Just got an e mail from some guy in Cyprus claiming if I open a 100,001 Euro account next Tuesday I'll get a free toaster. Need to consult the wife on this.
May have to call for UN Humanitarian food relief as the Cyprus Bankster-disaster intensifies.
"Would you like a complementary no-fly-zone with that Sir?"
next Tuesday will become next Friday.
WRR