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The Cyp-Riots Begin - Live Stream

Tyler Durden's picture




 

Local TV station CYBC reports that police in the Cyprus' capital are scuffling with protesters (including employees of Cyprus Popular Bank) outside the nation's parliament:

  • *CYPRUS POLICE CLASH WITH BANK EMPLOYEES OUTSIDE PARLIAMENT
  • *CYPRUS SCUFFLES BROADCAST LIVE ON STATE-RUN CYBC

CYBC says more protesters gathering at Parliament House

Via @giopso

 

 

Via @MCaruso_Cabrera

 

 

Via @widianemoussa

 

Via @Tesa_RT

 

 

 

 

Live stream to come - link here

 

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Thu, 03/21/2013 - 12:26 | 3357613 Schmuck Raker
Schmuck Raker's picture

Do you mean the rioters, or Parliament House?

+1 regardless

Thu, 03/21/2013 - 12:15 | 3357537 inevitablecollapse
inevitablecollapse's picture

it's not a riot until the molotovs come out

Thu, 03/21/2013 - 12:20 | 3357577 otto skorzeny
otto skorzeny's picture

remember-pieces of styrofoam mixed in make it "cling" a little better:)

Thu, 03/21/2013 - 12:25 | 3357603 TheFourthStooge-ing
TheFourthStooge-ing's picture

...or soap flakes. Even mixing in about a third motor oil will do in a pinch.

Thu, 03/21/2013 - 12:29 | 3357631 otto skorzeny
otto skorzeny's picture

flakes are hard to find-not that I've looked. used motor oil gives off a darker smoke/more dramatic effect

Thu, 03/21/2013 - 14:07 | 3358201 akak
akak's picture

One could, hypothetically of course, only being mentioned here purely as an intellectual exercise you understand, take a bar of Ivory soap, cut it into chunks, and then grind them down into a powder in one's kitchen blender.  But one would be well advised not to mix the resulting powder into gasoline, as it would readily dissolve, creating a sticky and highly flammable mixture that would play havoc with one's lawnmower engine.

Thu, 03/21/2013 - 14:16 | 3358280 mumcard
mumcard's picture

And don't hyopthetically use tampons for fuses.

Thu, 03/21/2013 - 18:41 | 3359657 Boondocker
Boondocker's picture

said tampon dipped in wax to give a safer flame for the user

Thu, 03/21/2013 - 15:12 | 3358642 Miffed Microbio...
Miffed Microbiologist's picture

Thanks a lot akak. You now owe me a new Vitamix.

Miffed;-)

Thu, 03/21/2013 - 16:02 | 3358913 akak
akak's picture

You obviously did not cut the chunks small enough.

I'm just guessing, of course.

Thu, 03/21/2013 - 17:04 | 3359273 Miffed Microbio...
Miffed Microbiologist's picture

Apparently so. You must be more specific when you post something so obviously an attractive nuisance. Or is that Orly?

Miffed;-)

Thu, 03/21/2013 - 14:09 | 3358233 WillyGroper
WillyGroper's picture

What's wrong with a grater? 

Having just learned something here, I would think a long shred like hashbrowns would be, ah, well painful.

Thu, 03/21/2013 - 14:59 | 3358548 Jena
Jena's picture

That would work but some people hypothetically have hand crank kitchen grinders, ostensibly used to grink solid pieces of meat.

Thu, 03/21/2013 - 12:17 | 3357555 buzzsaw99
buzzsaw99's picture

Wake me up when the cops start beating the brains out of central bankers.

Thu, 03/21/2013 - 12:21 | 3357581 Yen Cross
Yen Cross's picture

   This one is for Buzz and all the people that are getting screwed in Cyprus.

   Judas Priest - Some Heads Are Gonna Roll - YouTube

Thu, 03/21/2013 - 12:26 | 3357617 Cthonic
Cthonic's picture

They're already screaming for vengeance

Thu, 03/21/2013 - 16:54 | 3359217 francis_sawyer
francis_sawyer's picture

@Yen Cross

~~~

I like you man... But if you're gonna do JUDAS PRIEST, this is where you have to go...

http://www.youtube.com/watch?v=U__m4N7Ml30

You got another thing coming...

Thu, 03/21/2013 - 12:31 | 3357645 TheFourthStooge-ing
Thu, 03/21/2013 - 12:56 | 3357761 moonman
moonman's picture

Beware you are being watched by the Electric eye

Thu, 03/21/2013 - 12:25 | 3357606 withnmeans
withnmeans's picture

Wow, my son sent me an email, they are just now starting to teach the truth in college ECON class...

I am surprised

http://www.dailyfinance.com/on/Wealth-Inequality-in-America-viral-video-...

Thu, 03/21/2013 - 12:50 | 3357740 Clowns on Acid
Clowns on Acid's picture

The video posted in left wing bullshiite. They reference Robert Reich and Bill Cklinton. The wealth disparity in the US has been largely determinant on repeal of Glass Steagal, Fannie, Freddie Mac, the CRA Act on steroids under Clinton, and the resultant securitization / shadow banking industries that were the result.

Your referenced video is just the left wing fuck sticks trying to escape the hanging they deserve.

Thu, 03/21/2013 - 14:18 | 3358289 gwar5
gwar5's picture

Those pricks will try to ride any unrest and twist it around.

Thu, 03/21/2013 - 12:57 | 3357765 Cow
Cow's picture

pure Marxist bullshit there.

If you want to make the case that

a) the government increases their share of the pie each year

b) banksters have corrupted the system just like many corporate CEOs

c) many politicians have corrupted the system by promoting crony capitalism

I'd listen.

But if you want to make the case, as this website is trying to do, that it is all capitalisms fault.  They are wrong. 

 

Thu, 03/21/2013 - 14:14 | 3358262 gwar5
gwar5's picture

Huh?  We looking at the same website?  Because this one exposes the means and methods of unelected authoritarian bankers destroying self-government and real capitalism.

 

Real Capitalism is the one where Big Banks have to pay for their own mistakes and allow real competition. These are illegal banker confiscations of private property of the little people to stay in power. Polite company won't call it Fascism until they start killing protestors, but it is what it is. 

The financier bondholders of these banks are immune from loses when they should have been the first to pay, not the depositors. And this is just a preview of coming attractions. The Communist Chinese aren't even this craven. 

 

(Please, don't even get me started on things like MF Global and manipulation of all markets)

Thu, 03/21/2013 - 18:33 | 3359619 lakecity55
lakecity55's picture

I don't think there's a swinging fiat here who doesn't mind working hard IF he can keep his labor from thieves and grow his stash.

Producing real stuff helps everyone.

Thu, 03/21/2013 - 12:19 | 3357569 Ban KKiller
Ban KKiller's picture

Demise will be televised so you will know how to behave. What will be shown in the US? Nothing....but Bernanke swilling wine...

Thu, 03/21/2013 - 12:19 | 3357572 ziggy59
ziggy59's picture

CYBC is that code for Cee Your Bank 'Counts go bye bye?
Just askin..

Thu, 03/21/2013 - 12:20 | 3357574 surfsup
surfsup's picture

Reasonable Hypothesis emerges:   Russia Oligarcs ALREADY took a chucnk out of the bank.    If a couple of them did it in concert via request from Putin it would certainly force near term liquidity issues...   

As part of western backing for this:  http://www.infowars.com/gruesome-video-shows-syrian-rebel-beheading-civi...

Thu, 03/21/2013 - 12:20 | 3357576 JR
JR's picture

Cyprus has a choice; it can choose freedom. It can choose to say no to the tyrants. It can choose to be the first to exit an enclave of crooks, namely the Eurozone.  It’s a European decision; either Europeans steps in to guarantee these bank accounts or else the bankers are going to sink all countries in the European Union and all Europeans within them.

There are only two sides to this economic crisis, the people and the bankers. You either pick the people or your pick the bankers; there’s nothing in between. It's up to the people of Europe.

Why the Banking System Would Make Lenin Proud by Justin O'Connell | Today on LewRockwell (excerpt)

Without big banks, socialist would be impossible.” –Vladimir Lenin

Socialism is not crafted solely on the backs of standing human or robotic armies, police, and bureaucracy.

The modern state must also possess an apparatus of big banks, as Lenin wrote at the onset of the Bolshevik Revolution, for it is banks which perform most accounting and financial recording. In socialism, banks must be expanded, made more comprehensive and, in our globalized age, reach worldwide.

And so naturally, the Obama administration plans to give all US spy agencies full access to a large database containing the financial data on US citizens and those who bank in the country, according to a Treasury Department document dated March 4th.

US financial institutions and any financial institution on Earth where an Amerikan does his or her banking must already file "suspicious activity" reports for certain customer transactions (you’re considered suspicious if you conduct “large money transfers”) to the Treasury’s Financial Crimes Enforcement Network (FinCEN). Makes sense in the context of Lenin who championed show trials of rich capitalists from the beginning of the Soviet experiment simply to make them confess to their greed and the millions it was costing Russia.

Financial institutions in the US already file more than 15 million “suspicious activity" reports every year, according to the Treasury Department. That is on top of each and every required report on all personal cash transactions in excess of $10,000…

… the more than 25,000 “financial” firms, like banks, securities dealers, casinos, precious metals dealers, and money and wire transfer agencies regularly file “suspicious activity reports.” Many of these firms over-report. Those who run them are sufficiently brainwashed, anxious and fearful like their wage-slave employees have grown to become. So your local bank teller might be “dutifully” informing on you for national security purposes.

This is fasco-communism, comrade. The state doesn't outright own everything. But it does control everything. And it's watching.

In Lenin’s mind, “Capitalism had created an accounting apparatus in the shape of banks, syndicates, postal service, consumers’ societies and office employees unions.” He made sure to illustrate the importance of big banks to Socialism:

“The big banks are the state apparatus which we need to bring about socialism, and which we take-ready made from capitalism; our task here is merely to lop off what capitalistically mutilates this excellent apparatus, to make it even bigger, even more democratic, even more comprehensive…A single State Bank the biggest of the big, with branches in every rural district, in every factory, will constitute as much as nine-tenths of the socialist apparatus. This will be country-wide book-keeping, country-wide accounting of the production and distribution of goods, this will be, so to speak, something in the nature of the skeleton of socialist society.”

Now, the US isn’t heading for the same sort of communism seen in the SU (the US will have the indirect control of business seen in fascism), although the SU is a great guide for how such a society functions. With that said, we ought to look as well to characteristics of China’s commercial communism of the past twenty years or so. Under this system, a front of banks seemingly compete,  but truly cooperate behind-the-scenes, as if they were Lenin’s “single State Bank” in the name of “worker control.” (The Russian word, kontrol, implies ‘checking’ and ‘regulation’ and not empowerment.) What do all these banks have in common, behind their exterior of competition? Well, for one, they all keep copious records of you. (That's why here at TDV we urge you to get as much of your financial business offshore as possible.)

March 21, 2013http://lewrockwell.com/orig13/oconnell5.1.1.html

Thu, 03/21/2013 - 12:36 | 3357671 Zero Debt
Zero Debt's picture

In a market economy, control of credit and interest rates is not centralized and set by decree, but in a free market.

There are no committees setting rates, just like there are no committees deciding how many trinkets and widgets to produce. There is nothing "free market" about a goverenment appointed committee deciding the price of anything.

There is no fixing of rates, just like there is no fixing of prices of milk, butter or bread. This one should be obvious. There is nothing "free market" about a government appointed fixing of any price of anything.

There is no central bank, just like there is no central farm, central factory or central pharmacy. Centralization is frowned upon. In particular, government imposed centralization of credit does not emanate from the "free market".

There is no lender of last resort, so that nobody can use liquidity to prop up solvency problems. Lenders can independently withdraw credit any time to make insolvent institutions go bust early and fast.

There are no government bank guarantees, just like there are no governemnt warranties of the function of cars and refrigerators produced by private companies. Customers are responsible to check quality.

Failures are local and not systemic. Not centralized, cascading, networked and interdependent.

Thu, 03/21/2013 - 13:03 | 3357780 JR
JR's picture

That’s where we went wrong. There is no market economy. And a market economy is the road back to freedom.

Cyprus is an indication of where we are around the world with fiat currency. It should be a Cyprus currency; a Cyprus, grassroots-elected parliament. The problem is the third party – the bankers from other countries.

Fortunately, the financial feudal lords have hit the trip wire that signals to the world that there are two sides; there are the people and the global banking elite. And it’s way past time for the latter to go.

What are those bankers doing in Cyprus? They are there to take the resources; they are there to hook these people; they are there to bribe and buy the politicians and to make Cyprus pay.

As Gordon Gekko said yesterday in one of the best educational articles to come down the ZH pike – It’s Time to Collapse the System: “The global monetary system today is nothing more than a giant global pyramid scheme which is now collapsing (hence all the ‘crises').” Said Gekko: “The Central Bank is nothing but just a façade for creating money out of thin air and a front for the global banking aristocracy”… and “ordinary banks such as Citibank, JP Morgan etc.,… are simply fronts for the Central Bank.

"What would happen," asks Gekko, " if we don't bail out the banks and let them collapse? Would it really be so bad?"

Here’s the link to Gekko:

http://www.zerohedge.com/contributed/2013-03-20/it%E2%80%99s-time-collapse-system

Thu, 03/21/2013 - 14:36 | 3358361 RebelDevil
RebelDevil's picture

yeah, where's the text at? deleted? :(

Thu, 03/21/2013 - 17:57 | 3359490 JR
JR's picture

No, it's there. Try again; I just checked. It's worth the effort! (FYI: it was posted 3/20/2013 under "contributors.")

 

Thu, 03/21/2013 - 18:30 | 3359607 lakecity55
lakecity55's picture

Gekko for presi-dent!

Tylers for Treasury!

Thu, 03/21/2013 - 13:26 | 3357955 gwar5
gwar5's picture

It's time to put the FREE back in Free Market Capitalism. Private banks with total monopolies on the of currency is the anti-thesis of a free market.

 

"Break me the way, my heavy hammer, to the hidden mystery's heart." -- Ibsen

Thu, 03/21/2013 - 12:21 | 3357582 Meat Hammer
Meat Hammer's picture

If you haven't gotten your money out of the bank, thinking this thing would take longer to play out, get it out NOW then drive straight to the coin shop.  

On a side note, I would like to thank the ZH group for your wisdom and insight.  I can't imagine how financially fucked I would be without you.  

Thu, 03/21/2013 - 12:43 | 3357715 JohnnyBriefcase
JohnnyBriefcase's picture

+, like, one billion.

Thu, 03/21/2013 - 13:19 | 3357898 gwar5
gwar5's picture

I'm with you. ZH has exponentially expanded my awareness and how to interpret what is really happening.

Thu, 03/21/2013 - 14:19 | 3358296 ziggy59
ziggy59's picture

Agreed. ZH is the only O2 out there.. The rest are farts

Thu, 03/21/2013 - 17:09 | 3359291 jumbo maverick
jumbo maverick's picture

The rest are farts especially msnbc and CNN, they are thick, wet, slim Jim, strozhs beer farts.

Thu, 03/21/2013 - 18:26 | 3359572 lakecity55
lakecity55's picture

Yes! The media are those hot, greasy, wet farts that slide out slowly, uncontrollably from your butthole, creep between your cheeks and then hang in the air for hours even if you try to blow them out with a fan. There is nowhere to run if somebody comes by and you have to confess.

Dam, Tyrone, sumpin jus crawl up yo ass an dyed!

That is the MSM, boys.

Thu, 03/21/2013 - 12:22 | 3357588 ziggy59
ziggy59's picture

Would you want to be labeled 'banker' in these crowds?
Seriously, thats one of the last professions i'd admit i was in any crowd these days...

Thu, 03/21/2013 - 12:22 | 3357590 FunkyOldGeezer
FunkyOldGeezer's picture

How did sooo many idiots get to post on this site?

I have the impression that most of the posters on ZH are one hundred fold more maniacal and sociopathic than the bankers they so despise. Where is an ounce of compassion for what's happening to these innocent people? Oh yeah, I forgot, they're 'just' sheeple and deserve all they get. You guys here are sooo clever and sooo ready to shoot your guns.

Of course, should something like this disaster eventually wash ashore in the USA, half the population will be killed in 'friendly fire' incidents. Good luck with that.

Thu, 03/21/2013 - 12:32 | 3357656 ziggy59
ziggy59's picture

Strange question coming from you, no?

Thu, 03/21/2013 - 12:36 | 3357675 Ms. Erable
Ms. Erable's picture

Disagree with your premise. I think most here realize there will be no accounting coming from the JustUs system for the true criminals, and hope to see someone, somewhere stand up and hold the bankster bastards responsible for their actions by whatever means are available - and necessary.

Thu, 03/21/2013 - 13:10 | 3357822 DollarMenu
DollarMenu's picture

hmmm,

"someone, somewhere '

are YOU ready to self-immolate for the 'cause' and  maybe 10 seconds on the nightly news?

Thu, 03/21/2013 - 13:27 | 3357968 Ms. Erable
Ms. Erable's picture

Self-immolate? No. Not self.

Thu, 03/21/2013 - 12:42 | 3357709 Meat Hammer
Meat Hammer's picture

Think of the heroin addict going through detox.  We don't take pleasure in the sickness and pain of the process; we relish the peace and happiness that will result when it's all over.  Asshole.

Thu, 03/21/2013 - 12:55 | 3357757 Zero Debt
Zero Debt's picture

Please present evidence of your own compassion.

Thu, 03/21/2013 - 14:37 | 3358364 PrintemDano
PrintemDano's picture

Funky,  I get the sense people do feel for the Cypriots.  We are hoping that the people, or sheeple if you will, attack the right targets....Reread the posts....I believe you are wrong in your assessment...

Thu, 03/21/2013 - 23:07 | 3360558 StychoKiller
StychoKiller's picture

I blame FunkyOldGeezer(s) for believing that they're "entitled" to Social Security (flame away...)

Thu, 03/21/2013 - 12:23 | 3357592 MFLTucson
MFLTucson's picture

Created by the Goldman Sachs/ JP Morgan crime syndication.

Thu, 03/21/2013 - 12:23 | 3357597 Cthonic
Cthonic's picture

Food makes up 15% of Cyprus imports... how do you import food when the banks are closed and you have no money?  Won't be surprised if there is a mass exodus of non-citizens while rioting ramps up significantly by those with nowhere to go/nothing to eat.

Thu, 03/21/2013 - 12:27 | 3357625 Zero Debt
Zero Debt's picture

Let them eat Rand

Thu, 03/21/2013 - 12:57 | 3357704 Cthonic
Cthonic's picture

http://faostat.fao.org/desktopdefault.aspx?pageid=342&lang=en&country=50

Worse than I thought, 17 of the top 20 commodity imports by value are food and beverages.  (The others are tobacco and alcohol products.)

Thu, 03/21/2013 - 12:25 | 3357602 riley martini
riley martini's picture

 If laws were being appled equally their probably wouldn't be riots its the selective bailouts by fascist in the Eu and USA to reward certain criminals that cause the anger and hate.

Thu, 03/21/2013 - 12:27 | 3357621 poldark
poldark's picture

One day soon there will be retribution.

I see bankers and Troika heads on pikestaffs.

Thu, 03/21/2013 - 12:28 | 3357629 kushmere
kushmere's picture

Europeans in fear, get free BITCOIN here.

Tweet @kushmereSC

Thu, 03/21/2013 - 12:30 | 3357644 ziggy59
ziggy59's picture

Any footage of burning effigies, (or is it Effin)of BernanQ, Dimon, Blankfein, or even Geithner(cant blame the new guy Lew yet)

Thu, 03/21/2013 - 12:31 | 3357647 10mm
10mm's picture

Over in Greece Blackwater is now used due to the Po Po salarys cut and loyality is gone,just like when Michael went to Cuba in the Godfather.

Thu, 03/21/2013 - 15:52 | 3358870 Cathartes Aura
Cathartes Aura's picture

in the end, the only difference between "mercenary" and "military" is the sum of monies paid for the jawb.

Thu, 03/21/2013 - 12:33 | 3357659 Seasmoke
Seasmoke's picture

i always ask, so i will ask again........WTF ARE THE ASSHOLE COPS THINKING ?????

Thu, 03/21/2013 - 12:33 | 3357661 magpie
magpie's picture

In the computer game Europa Universalis you are able to destroy your own "Center of Trade". Guess what's running on Djiselbloem's PC.

Thu, 03/21/2013 - 12:34 | 3357662 Sandy15
Sandy15's picture

Already started pulling money out of my bank and the teller said that others in the area are doing the same.  I live in Hampton Roads VA......

Thu, 03/21/2013 - 12:51 | 3357743 RichardENixon
RichardENixon's picture

Hmm, not sure I can believe that one. Most Americans think Cyprus is the rap group that sang Insane in the Membrane.

Thu, 03/21/2013 - 13:09 | 3357813 gwar5
gwar5's picture

Any limits?

Thu, 03/21/2013 - 14:12 | 3358251 moonstears
moonstears's picture

Too little to pull, alas, says an orange, levered, primate in Va Beach, but hey, the ocean's close and it's spring( however snow flurries today)!! Hope and (pulling my) Change!

Thu, 03/21/2013 - 23:11 | 3360573 StychoKiller
StychoKiller's picture

Yeah, that oughta help The Bernank™ get inflation going (NOT!)

Thu, 03/21/2013 - 12:39 | 3357672 virgilcaine
virgilcaine's picture

Looks like they are going to default..these credit events start small as in Cyprus, and then grow rather rapidly.

Thu, 03/21/2013 - 12:54 | 3357754 ITrustMyGut
ITrustMyGut's picture

go go!

let the witch melting begin!

Thu, 03/21/2013 - 12:37 | 3357677 slackrabbit
slackrabbit's picture

Cypress announces We Ain't Goin' Out Like That

http://www.dailymotion.com/video/x18ugf_cypress-hill-i-ain-t-goin-out-li...

 

Thu, 03/21/2013 - 12:37 | 3357680 tony bonn
tony bonn's picture

this is the pretext nato has been waiting for....cyprus, then greece will become caged animals of nato's (usa) imperial aggression.

Thu, 03/21/2013 - 12:40 | 3357697 toys for tits
toys for tits's picture

Is this the new Game of Thrones season?

Thu, 03/21/2013 - 12:44 | 3357718 ziggy59
ziggy59's picture

Happy Hour Special: Buy One Molotov Cocktail, Get Second One Free*!!
*(While supplies last)

Thu, 03/21/2013 - 12:49 | 3357738 toys for tits
toys for tits's picture

I can't wrap my head around the juxtiposition of commercials during a live riot.

Thu, 03/21/2013 - 12:57 | 3357770 noses
noses's picture

Why not? Although I would expect commercials for guns, ammunition and emergency rations.

 

noses.

Thu, 03/21/2013 - 13:08 | 3357809 gwar5
gwar5's picture

Ratings

Thu, 03/21/2013 - 13:52 | 3358122 Mi Naem
Mi Naem's picture

Somebody's got to pay for the air time, etc. I get your meaning though. 

"This riot has been brought to you by Tide - which as you can see is not turning for the better". 

Thu, 03/21/2013 - 12:55 | 3357755 Arkadaba
Arkadaba's picture

 

I'm really wondering just how many unemployed bank employees there are going to be in Cyprus...

Someone on another thread implied that the reason the "bank run" appeared so mild was because there are more ATMs than bank branches so the effect is somewhat dispersed. I tended to agree but because I just finished a project and was bored (and yes do have nerdish tendencies) decide to look into the ratios of ATMs to bank branches in various countries. In North America it is around 6 to 1 which is what I expected. 

Cyprus, however, has more bank branches than ATMs! In fact it has the highest number of bank branches per capita according to the World Bank data I was looking at (link below). In any case ... here are the countries with highest number of bank branches per capita (branches per 100,000 people):

Cyprus - 151.54

Luxembourg - 94.07

Bulgaria - 92.41

Portugal - 81.66

Italy - 67.66

Switzerland - 52.81

St. Kitts and Nevis - 48.39

Belgium - 47.95

Uzbekistan - 46.34

Poland - 46.13

(http://data.worldbank.org/indicator/FB.CBK.BRCH.P5)

 

Thu, 03/21/2013 - 13:03 | 3357785 Anomalous Howard
Anomalous Howard's picture

fuggetabout bank employees...how do those cops expect to get paid and how many of them go home to see their families go without cash?

Foreign troops on the way.

Thu, 03/21/2013 - 15:55 | 3358885 Cathartes Aura
Cathartes Aura's picture

always helps to bring in enForcement that doesn't speak the language of the targets.

can't be made to feel if you don't hear what's being said, and only perceive your target through a scope.

Thu, 03/21/2013 - 12:58 | 3357771 Fix It Again Timmy
Thu, 03/21/2013 - 13:04 | 3357783 Kirk2NCC1701
Kirk2NCC1701's picture

Dear People of Cyprus:

Do NOT panic!  Please remain calm while we're building an earth-wide financial superhighway for your Fiats.  In the process of this, we have to make some structural changes (demolitions) to achieve these goals.  Some places will regretfully have to be demolished, and others build up.

If had bothered to check, you'd know that advance notice of this have been posted on our BIS and IMF bulletin boards for some time.

Thank you for your attention.

Sincerely,

Chief Vogon

(on behalf of The Galactic Currency Cartel)

Thu, 03/21/2013 - 13:03 | 3357788 CosmicDebris
CosmicDebris's picture

Will the Big news media throw in some sort of vague 'pampererd' or 'spoiled' civillians like they did with Greece when their troubles really began?

Probably not. Too many people are onto these bought and paid for hack 'journalists' these days.

Thu, 03/21/2013 - 13:05 | 3357795 gwar5
gwar5's picture

I'm pretty sure this is what the beginning of de-development of the Western world looks like. Department of Homeyland Security is monitoring the Cyprus situation closely for training purposes.

 

Thu, 03/21/2013 - 13:06 | 3357803 citizen xxx
citizen xxx's picture

The Germans were right after all,
the Cypriots are trying to rescue the Russian deposits,
and they exploit the situation for their own benefit,
 haircut 40% on deposits over 100000 Euro , now!

Thu, 03/21/2013 - 13:11 | 3357833 Donutwarrior
Donutwarrior's picture

I got it.....how about a haircut for bankers starting just below their chin.  How about we don't take anybody elses money to pay for any of this crap?  Or are you a class warfare moron who supports the govt/banking elite....?

Thu, 03/21/2013 - 14:43 | 3358411 dogbreath
dogbreath's picture

No!   Haircut the bondholders and the Shareholders and protect the depositors untill all else fails.   This plan to skin the depositors was hatched because they had to prevent the default on the bondholders spreading to other european bank balances.  So its catch 22.  Raid the depositors to save the bond holders and prevent meltdown  OR  cause a bank run throughout europe when the Cypriot banks open on the 26th when the depositors find they have had their deposits stolen or converted to Lira at unfavorable rates. 

Thu, 03/21/2013 - 13:09 | 3357816 Dubaibanker
Dubaibanker's picture

One of the things that has escalated during the past 10-15 years is the number of parts of the world where there are riots, wars, bombings, suicide attacks et al.

Until 9/11, we only heard about Israel-Palestine or India-Pak skirmishes or at worst Korean tensions.

Today, the list runs as long as: Afghanistan, Iraq, Libya, Egypt, Bahrain, Tunisia, Spain, Greece, Cyprus, Pakistan, Yemen, Syria, Nigeria, Somalia, even South Africa. Myanmar had some skirmish today.

Point is, there are more flashpoints on this planet today than there ever were.

Is this related to finance/fractional reserve system, politics, superiority, Catholic/Muslim crusades, lack of opportunity, urbanisation pressures, illiteracy, poverty.....?

Whatever the case, matters are getting worse, each passing day.....

Are we going back to the Middle Ages?!

Thu, 03/21/2013 - 13:40 | 3358041 SmittyinLA
SmittyinLA's picture

Hmmm, all those places ahave experienced prolific state sponsored mass immigration, coincidence?

Thu, 03/21/2013 - 18:12 | 3359536 lakecity55
lakecity55's picture

Been to DC lately?

It's overrun with Hadjiis.

About a month ago, I counted 3 mosks in a 3-mile strip.

Fri, 03/22/2013 - 07:19 | 3361241 Dubaibanker
Dubaibanker's picture

Who in their right mind would want to immigrate to Pakistan or Afghanistan? Lol.

But they have the worst records of violent detahs and mass protests and thousands of productive people have left for overseas.

Others I may kind of agree. 

I think every country has their own unique reasons, but the outcome is always terrible and continues to spread elsewhere.

Thu, 03/21/2013 - 13:47 | 3358094 Mi Naem
Mi Naem's picture

"Are we going back to the Middle Ages?!"

No, I don't think so.  We're going to a near future where most people will scream for order amid wars, crashing currencies, and shortages of every material that matters. 

Current events are just the warm up. 

The solution folks will insist on is way worse than the "middle ages". 

Virtually no transaction will occur without the global government's approval of your identity and whereabouts. 

Thu, 03/21/2013 - 18:10 | 3359534 lakecity55
lakecity55's picture

GET some PMs, Bit-Chez!

Now!

Or anything with barter value, including your own skillset!!

Fri, 03/22/2013 - 07:22 | 3361249 Dubaibanker
Dubaibanker's picture

I completely agree. 

Middle Ages was a rhetorical question.....it was clarified with your points which is what I meant and agree with. 

The disease continues to spread globally.

Thu, 03/21/2013 - 13:12 | 3357845 yabs
yabs's picture

To top this all off most savings accounts in  the UK have just had their interest rates REDUCED

I mean in a time when confidence is low t6hey do that?

 

I phoned up the bank and told the employee that I wanted to complain officailly as I felt it was theft

When they called back and said blah blah blah, excuse , variable rate etc

I told the women that she would remember this phone call VERY well in the near futuer as this just cements the road to ZIMBABWE even more. YOU cannot possibly have capitalism or any functioning economy when their is zero incentive to form capital. She said nothing we can do

I told her that she herself should complain as i asked her if she could afford to feed her family if the pound collapses and bread is 10 pounds a go and milk is north of this. She said she understands how \i feel but there is nothung she can do

 

I mean this is the attitude in the UK, one of complete denial and defeat

there is nothing we can do?

 

60 million of us versus the bank of England scum

utterly pathetic

 

Cyprus is a side show compaqred to what is going to hit the UK very soon

when the free handouts toi all the asyluim seekers stops or becomes worthless this place is going to look EXACTLY like Zimbabwe

Thu, 03/21/2013 - 13:19 | 3357900 toys for tits
toys for tits's picture

WTF.

If you want 100% of your money, you better get it out or it won't be interest you're crying about.

Thu, 03/21/2013 - 14:42 | 3358407 yabs
yabs's picture

toy

 

a lot of my money is in Pms but what I do not want to do is be forced to sell to survive if you see what I mean so I keep soem money on both for some income in an Isa and to make sure I have enough to live on

Bitcoin seems to be the thing now though rather than Pms

seem to have lost out there

caqn it be trusted?

Thu, 03/21/2013 - 16:08 | 3358964 Cathartes Aura
Cathartes Aura's picture

my advice to you is to really hear what that bank employee was telling you, there was nothing else she could do, she is merely a cog in that machinery, following orders, it is beyond her control. . .

at every stage they tighten the knots, act accordingly.  the ball is in YOUR court, for now.

Thu, 03/21/2013 - 16:53 | 3359219 toys for tits
toys for tits's picture

I'm no expert, but fuck no.

Thu, 03/21/2013 - 13:48 | 3358100 smacker
smacker's picture

Reducing interest rates in the UK has been going on for very many months even since the big drop after the economy crashed and "SIR Mervyn King (of Inflation)" began printing money and introduced zirp. Wait till Carney arrives in June and gets his feet under the table. He plans to ignore inflation and turn the printers on full pelt. Osborne announced that in his budget Wednesday (using centralbank-speak). Then banks will intro negative gross rates of interest, very negative real rates. Osborne needs sacking and so does the BoE governor.

Thu, 03/21/2013 - 14:45 | 3358421 SmallerGovNow2
SmallerGovNow2's picture

Exactly what I am reading from some UK bloggers on the Telegraph website...

Thu, 03/21/2013 - 19:09 | 3359762 lotsoffun
lotsoffun's picture

the free handouts won't stop because they are here to replace you.  and will do so.  hah.

Thu, 03/21/2013 - 13:13 | 3357848 Lunch is for Wimps
Lunch is for Wimps's picture

AT FUCKING LAST.

There will be blood, has to be, only thing these fucks understand.

Thu, 03/21/2013 - 13:15 | 3357868 yabs
yabs's picture

Thne flith pigs here are a disgrace 

do they not realize their own lives and money are at risk???????????

still they fight the people????????????

Thu, 03/21/2013 - 14:00 | 3358149 akak
akak's picture

Many psychological studies, and a VAST number of historical examples, both demonstrate that a good 25% to 35% of any population will automatically defer to and support the authorities in power over them, no matter how corrupt, unjust or brutal they may be.  These minions of tyranny are not humans, they are mindless and spineless biological robots.  And most 'law enforcement officers' are in this group.

Thu, 03/21/2013 - 23:19 | 3360599 StychoKiller
StychoKiller's picture

I'm Dr. Stanley Milgram, and I approve this message!

Thu, 03/21/2013 - 13:17 | 3357881 Lunch is for Wimps
Lunch is for Wimps's picture

The following riot, proudly sponsored by JP Morgan "we have KY, so you don't have to"

Thu, 03/21/2013 - 13:17 | 3357886 Bansters-in-my-...
Bansters-in-my- feces's picture

And Bloomberg is running a hit piece on Gold called "echoes"
Gold Confiscation.....
Coincidence....?

Thu, 03/21/2013 - 13:22 | 3357914 helping_friendl...
helping_friendly_book's picture

Market crashing. Got to love it!

Thu, 03/21/2013 - 13:22 | 3357918 Metalhead
Metalhead's picture

This was just a set up, to bankrup Cyprus and force them to sell their skinny souls to the Russians (and then Russia allows the west to invade Syria)

Thu, 03/21/2013 - 13:35 | 3358015 SmittyinLA
SmittyinLA's picture

you should be our UN ambassador 

Thu, 03/21/2013 - 18:06 | 3359523 lakecity55
lakecity55's picture

Yep, my theory yesterday. I am glad somebody else sees the same cunning plan.

Bathhouse is over there right now setting up syriana for the kill shot, and vlad gets cyprus.

Also, think about the deals the west and vlad can make in the stans where 1/4 of the NGas supply is.

Thu, 03/21/2013 - 13:24 | 3357940 BlueCheeseBandit
BlueCheeseBandit's picture

Let the revolution begin.

Thu, 03/21/2013 - 13:25 | 3357951 news printer
news printer's picture

Some Cyprus politicians can't believe what they see

http://t.co/lRKlzaTjpU

Thu, 03/21/2013 - 13:27 | 3357963 billybobtx
billybobtx's picture

Sorry to interrupt the riots, but Citibank is falling off the cliff here.

Thu, 03/21/2013 - 13:44 | 3358070 Pampalona
Pampalona's picture

BTFD

Thu, 03/21/2013 - 13:55 | 3358141 Blano
Blano's picture

1 percent is cliff diving?  Get back to me when there's a zero behind that.

Thu, 03/21/2013 - 13:28 | 3357977 Mi Naem
Mi Naem's picture

Sorry, but those are NOT "riots".  In fact, they are not even interesting protests. 

Riots are when 10 people spontaneously agree to turn over the police car, and when twenty cops show up to stop them, 100 people kick the crap out of them and set some of the police on fire as the rest quite wisely run for their lives. 

This isn't violent lawlessness, this is dye-haired white girls teasing cops. 

Thu, 03/21/2013 - 13:44 | 3358064 Pampalona
Pampalona's picture

.

Thu, 03/21/2013 - 13:29 | 3357982 Pampalona
Pampalona's picture

They need to come to London to Learn how to Riot.... shit we did it just for free sneakers..... no bank run needed

Thu, 03/21/2013 - 13:31 | 3357997 SmittyinLA
SmittyinLA's picture

I don't get the anger with Germany, its their own politicians (Cyprus) whom threw the people under the bus and agreed to a a"theft conspiracy plan" which should be criminally prosecuted.

the Cyprus theft, treason, conspiracy and bribery should be prosecutred Mussolini style 

Thu, 03/21/2013 - 13:39 | 3358034 smacker
smacker's picture

The Cypriot political elites certainly have some blame in this (just like Venalzelos and his cronies do in Greece), but the comparison with Mussolini is wrong: he was not under immense pressure from other members of the EZ - notably Germany and the ECB - which preaches solidarity.

Thu, 03/21/2013 - 13:33 | 3358005 cheetahbaby
cheetahbaby's picture

On his way back from Israel maybe Food Stamp Barry can stop off and pass out fully loaded EBT cards to the folks. Gotta eventually use those Nobel Peace Prize skills. CB

Thu, 03/21/2013 - 19:57 | 3359878 ziggy59
ziggy59's picture

Or he can do whats hes good at...drone em!

Thu, 03/21/2013 - 13:34 | 3358009 smacker
smacker's picture

When the FIRST political elite or banker gets lynched, banks get firebombed or their parliament gets sacked, the EU will then admit that Cyprus is slightly more than noise level. Then they'll increase the bodyguards and security for themselves at taxpayers' expense.

Thu, 03/21/2013 - 13:44 | 3358071 W74
W74's picture

I'm hoping it happens here in the US.  The trick to making Molotovs is to duct-tape the rag outside the bottle instead of trying to stuff it through the opening.  As long as it breaks (and it most likely will, put some ball bearings in for extra weight and a greater chance they'll shatter the bottle from the inside) it will ignite.

Isn't there a guy who posts around here who sells bearings?  Anyway, those are mostly for show, I'm hoping for dozens of upper-level bankers (don't worry about the folks who work in some branch office somewhere) lined up face down in ditches with 22 sized holes in the base of the skull.  Think their buddies will learn?  I don't, but it would be a good first lesson.

Thu, 03/21/2013 - 13:41 | 3358050 Crash Overide
Crash Overide's picture

"Loves what I got don't start a riot..."

Thu, 03/21/2013 - 13:50 | 3358108 Arkadaba
Arkadaba's picture

+ 1 for Sublime :)

Thu, 03/21/2013 - 14:04 | 3358193 NoTTD
NoTTD's picture

...And I do practice Santeria.

Thu, 03/21/2013 - 13:43 | 3358057 Byte Me
Byte Me's picture

Looks like SHTF any hour now IMHO.

Not with rioting. Just backruptcy and chips falling as may...

Thu, 03/21/2013 - 13:47 | 3358096 IridiumRebel
IridiumRebel's picture

Fuckers are real tough....All I have seen is them going after women. 

Thu, 03/21/2013 - 13:48 | 3358101 cherry picker
cherry picker's picture

Cyprus is the Lehman Bros of Europe.  Not too big to fail, but the consequences far more disturbing than what is expected.

It all started when all the US majors became insolvent a few years back.

Thu, 03/21/2013 - 13:48 | 3358103 IridiumRebel
IridiumRebel's picture

Where is an interpreter when you need one!?!?

Thu, 03/21/2013 - 13:51 | 3358114 chasman
chasman's picture

Folks, Look for the dollar to go to the moon. EU depositors will be begging to put there money in our banks.

Thu, 03/21/2013 - 14:48 | 3358443 mumcard
mumcard's picture

Anyone that still wants to make deposits to a bank after this deserve what they get.

Thu, 03/21/2013 - 13:53 | 3358129 IridiumRebel
Thu, 03/21/2013 - 13:56 | 3358145 resurger
resurger's picture

thats what am talking about

Thu, 03/21/2013 - 13:56 | 3358148 Z'
Z''s picture

ekathimerini.com is a Greek news outlet which also reports from Cyprus.  IIRC, it was Ghordius that first recommended it here at ZH, and I appreciate that since Athens News in English has ceased to be updated.

One of the articles on ekathimerini relates the Maltese Finance Minister's take on how Cyprus FM was bullied into acquiesing to EU terms:

Maltese finance minister Scicluna says Cyprus had 'pistol at its head' during Eurogroup

http://www.ekathimerini.com/4dcgi/_w_articles_wsite1_1_21/03/2013_489220

...

Interestingly, Cyprus has its own Nobel Laureate economist, currently a professor at the London School of Economics.  Here is his take on the controversial EU bailout terms:

http://www.thetimes.co.uk/tto/business/economics/article3716275.ece

http://en.wikipedia.org/wiki/Christopher_A._Pissarides

...

The following is commentary, but an interesting read for some background history:

http://www.ekathimerini.com/4dcgi/_w_articles_wsite3_1_21/03/2013_489192

Thu, 03/21/2013 - 20:40 | 3359989 TheFourthStooge-ing
Thu, 03/21/2013 - 14:19 | 3358152 WallowaMountainMan
WallowaMountainMan's picture

it will take only 9 of the 36 to break the deadlock.

to not break the deadlock moves theory to violence.

more than 9 will move to vote for the ecb deal.

for various reasons. some good, some less than that.

the real question is:

will there be a country from the top of the financial food chain whose population will develop the backbone to do the obvious and focus on the welfare of their children and become again what was once the greatest nation on the planet? or will they tell there children it was somebody else's fault?

step one. kill the tbtf.

bernak, congress gave you the bullet. use it before you leave.

good bank/bad bank. split 'em. let the chips fall where they may.

choose non violent.

 

 

 

Thu, 03/21/2013 - 13:59 | 3358159 walcott
walcott's picture

See what you get when you want your euros bitchez?

Thu, 03/21/2013 - 13:59 | 3358162 NoTTD
NoTTD's picture

That's more like it.

Thu, 03/21/2013 - 14:01 | 3358178 NoTTD
NoTTD's picture

As a friend of mine is fond of saying, "Fuck the revolution!  Bring on the apocalypse!!"

Thu, 03/21/2013 - 15:00 | 3358562 mumcard
mumcard's picture

Your friend is a moron who will start crying 3 days after the lights go off wishing he had his iphone and internet service and his fucking chai tea with soy milk.

Thu, 03/21/2013 - 18:00 | 3359506 lakecity55
lakecity55's picture

I was assigned to a country when it went bad years ago. I cheer for the good guys, but, trust me, you really do not want to see this in your own countries. A hell of a lot of good people get killed bad, friends.

There has to be a way to unwind this, dismantle the psychos at dh s and get back on track.

Thu, 03/21/2013 - 14:05 | 3358200 little buddy bu...
little buddy buys the dips's picture

i'm all for non-violence, but i have two words for you:

 

nicolae ceausescu

Thu, 03/21/2013 - 14:53 | 3358487 PrintemDano
PrintemDano's picture

I think he moved.

Thu, 03/21/2013 - 17:59 | 3359501 SDShack
SDShack's picture

I remember that. The saying after the fall of the Iron Curtain was it took 10 years for Poland, 10 months for Czechoslovakia, 10 weeks for Hungary, 10 days for East Germany, and 10 hours for Romania and Nicolae. Best to start at the end.

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