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Cyprus Officially Passes Capital Controls Into Law
While it is unknown if the Cypriot parliament will agree to, and enact into law, the Troika-demanded deposit haircuts, after the shocking vote of mutiny against Merkel earlier this week that saw not one politician vote for the Europe suggested deposit tax levy (and even the ruling party abstained), a vote which will once more take place tomorrow, moments ago Cyprus became the first Eurozone country to officially implement governmental capital controls into legislation. At this point it had no choice: whatever happens with the deposit haircut, or with everything else, it is now inevitable that the local Cypriots will do all they can to pull as much money from domestic banking system as possible following the complete loss of faith and trust in banks, which is why the government had no choice but to intervene with its own "controls." Sadly, this marks a milestone in the development of the Eurozone - it's all downhill, and accelerating, from here.
There are various other proposals which are currently being voted on, all of which are secondary to the Capital Controls one (the restructuring of the broke banks is perhaps the next most important one), until tomorrow's vote on deposit haircuts.
A photo from today's historic session in Cypriot parliament, in which the first every capital controls in Eurozone history were voluntarily legislated can be seen below.
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well it appears the Cypriot slaves prefer a slow motion view of their savings and dignitiy desturction at the hands of the international bankers and their politicians they control...
so be it then Serfriots..
enjoy your serfdom....
THERE WILL BE NO SYMPATHY FOR ALL WHO REFUSE TO FIGHT THEIR OPPRESSION....
Here is the RTRS article. (read the comments section) has some interesting insights. Personally I think Cyprus should tell the EU to F off.
Cyprus eyes bailout deal, U-turn on levy | Reuters
Thanks for the link. This caught my attention:
Retailers, facing cash-on-delivery demands from suppliers, warned stocks were running low.
"At the moment, supplies will last another two or three days," said Adamos Hadijadamou, head of Cyprus's Association of Supermarkets. "We'll have a problem if this is not resolved by next week."
Hunger is not easily forgotten in a lifetime, even after financial wounds have healed.
If many Cypriots see their children starving you can bet that it will never be forgotten.
Banks are everywhere, easy targets and they will be razed to the ground.
The EU is stupid to think they can teach the common people a lesson if it actually comes to starvation.
pods
Ok, now do people think they are FREE?
You need a sign overhead..
Hard Work Sets You Free
Gee, that sounds familiar somehow.
Arbeit macht frei works on a number of different levels, but they are all rather twisted-
Come on ZH, get with the Newspeak program like Marketwatch has. These aren't capital controls, they're "financial measures." And they're doubleplusgood.
Yes, and the theft of savers money is a levy or a tax. Fucking bullshit 24/7
Stop reading the filth on MW; it's WSJ propaganda and its fascits moderators silenced all dissent from commentors years ago. Their "journalists" are the worst of statists and they are mostly not even fit for writing on WSJ so they are relegated to the MW pits of hell. The average MW reader has an IQ less than the current price of silver (it could go up of course but it is suppressed surreptitiously by centrally planned education).
I got lost and was wandering around over there the other day on a Rex Nutjob shill article. Someone posted a ZH link in the comments and the douchebags over there just slammed the guy for doing so. The site is like the HuffPo of market noise.
Hint: It doesn't help to turn the volume up.
It's all Bush's fault, since it happened during the OBowel movement..................
What a bunch of Neanderthals. Don't they know how to create value out of thin air:
http://www.zerohedge.com/news/2013-03-22/lesson-magical-european-value-c...
Dob't worry Tyler,
The EU will make them community wide shortly.
All for one ,and that crap.
They will increase the chocolate ratiom 50g per week to 100 grams per month.
Yes, the PMI for the eurozone has had a major turnaround due to the sound monetary and economic polices of the Troika. The PMI increased from an absolute low of 39.66 last month to 41.56 for March. Although the economic experts acknowledged that there will still be some way to go until a positive 50 figure for the PMI is reached, it was clear that based on this months PMI that the corner has been turned and the policies of the wise central economic planners have been vindicated.
/sarc
In some fashion and in some way, no bankster will ever get a haircut on Cyprus; a way will be found to fuck the sheeple.
Next they should pass martial law and ankle bracelets for all cuz we don't want them being free or nothing. Let the chipping begin!
I think he is talking about his NCAA Basketball picks. He can't believe New Mexico lost.
Do we get a link or explanation of what type of capital controls?
No. You have to vote for it before you can read what it says.
How do they expect to receive another euro in deposit going forward? How is this sustainable from a business standpoint? They apparently can control how much money someone can take out on a daily basis but did they pass some control forcing a person to make another deposit, ever?
Great question - if I may restate it - how the hell does the Cypriot government think the people will put another dime in any way whatsoever into the banks after the circus we've all seen these last few days? My God, if one single person on that island deposited money into their account, I'd be surprised.
http://www.youtube.com/watch?v=5JCm5FY-dEY
Which goes to prove this maxim: when it can no longer be denied what must be done to prepare for the worst, it's already too late to do it.
I have read that by the time the Nazis herded the Polish jews into ghettos and began loading them into cattle cars, TWO-THIRDS of the jews in Poland had already fled the country.
They saw what was coming, cashed in what they could, and got the hell out with their skins intact. Almost 100% of those who stayed (for whatever reason, one of which was denial) died in concentration camps.
When the banking system in the US suddenly shuts down, how many citizens will have any cash at home? But you can rest assured that the day is coming, just like it did in Cyprus.
"When the banking system in the US suddenly shuts down, how many citizens will have any cash at home?"
And what buying power will that cash actually have?
Mordenkainen, (nice D&D touch, BTW) not only will most people have either no cash or a few days at home, but virtually none will have metal. And very few will have much food. I know of exactly ONE person in all the people I've talked to who has been hoarding metal.
Good secondary question but consider this: If a loaf of bread is $100 tomorrow, the man who has $500 in his pocket is far better off than the man with $20 or nothing. Better to have some no matter the trade value. If it goes directy to zero, we have bigger problems than how much cash we hung on to.
'S why we keep 10% of our household cash in folding currency. Half of that is USD.
There could be a time, however brief, when 'cash is king', and I would prefer to postpone spending my gold on bribes or bread even if it takes the entire 10% to get through 2 or 3 weeks.
Of course I'll be saying "I told you so, been telling you all for years"
Well, there are only about $1.1 trillion FRNs out and about around the globe so I imagine they'll fetch a premium if credit currency collapses, which is what all of this is headed towards.
Yet, the advice of many here, would have been "stay & fight". Right? /s
Those who can, leave. Those who can't either fight or fold. Those who stay (cause they have to ) often envy those who leave. Normal psychology. to avoid blaming self.
Run, where? The only countries not in the comming system for now are: Cuba, Venezuela, Iran, NK
Ecuador, Iceland, maybe Scotland soon, Russia, New Zealand?
Iceland and Antarctica also
Hmmm cold hard cash eh?
"Yes, thats right Mr. Putin, only 200 euros a week."
"SIR! That remark was uncalled for!"
1 year Zerohedge taught me more than my whole high school period. Or should i say moar?
1 year ZH "untaught" your whole high school period...
~~~
There ~ fixed it...
You must unlearn what you have learned.
Someone link to the CNBC interview on monday night when the president "guaranteed" that when the banks re-opened there would be ,"No capital controls".
someone find the CNBC link to the conentration camp guard promising me the water was fine in the gas chamber/showers and to just step inside and relax......
You know... I'm not purposefully trying to be a hard ass here, but I have to say this...
~~~
At this point in the game [holocaust wise], every last molecule of saline solution of tears has been wrung from the handkerchief due to the incessant force feeding on the subject that I've been bombarded with in my life...
Sorry ~ but it's true... There's not even vapor left in the tear ducts... Cried out completely... Done... Finished...
So now where are we?... You want to CONTINUE the game & take it a step further?... You want to go ahead & say that the PRESENT DAY resembles Poland 1939?... Perhaps it's TRUE... But if it is, then two BLANTANT things stand out in my mind...
1. That the fucking NAZI's, this time around, wear jewish banker suits...
OR
2. If I can't do anything about it... I'm not going to be some dumb ass sap that believes a GODDAMNED JEW BANKER when they tell me the water is fine & to step inside [the gas chamber] & relax... Instead ~ I'll go out with my pistols blazing... MOLON LABE BITCHEZ...
~~~
The combination of BOTH of those is why I'm DONE with listening to all the incessant bullshit... [It has nothing to do with whether it's TRUE or not... RATHER... It's what you end up WEAVING out of the story... FUCK YOU ~ life is hard, people get fucked by other people, some 'waltz straight in' because they're saps... GET OVER IT!]...
What's fucking IDIOTIC is that this comment will be a JUNK MAGNET... Rest assured, that the JUNKERS that it attracts will be the same 'POOR' dumb saps that walked into the aforementioned chambers... They'll be the same poor dumb saps that some francis_sawyer, 80 years from now, will be writing about & getting junked for because an 80 year full court press was put upon the emotional strings of 3 generation to extract the price of '10 eyes' for the price of 'one eye'...
/over & out
i wish i could say the abused became the abuser to this:
however, i dont remember hearing of any hofjuden family members being incinerated in any oven; the records would show that hofjuden financed the war, betrayed common jews, which then led to the widespread persecution of jews, which then became pretext for stealing palestinian land for israel.
edit: which brings me to the conclusion that the culprits continue wearing banker suits; and also happen to be predominantly jewish; and with the blessing of the jesuit order, the hofjuden are yet again in charge of it all. /back to you
I won't really argue...
~~~
But it's the SCOPE of the thing that matters most...
Fast forward to 2013... Nowadays ~ nobody could tell the difference between Clark Kent or a Clark Bar... Hell ~ I'll bet most couldn't tell Justin Beiber from Selena Gomez... You think they can even come close to understanding the concept of hofjuden, or what that means?...
It gets worse...
Why isn't Steven Spielberg coming out with films that depict how the 'hofjuden' betrayed their own people?... No ~ Instead all you get is this canned shit about how jews have suffered all throughout RECORDED civilization... Oh ~ it's EASTER/PASSOVER week, cue the BEN HUR/10 COMMANDMENTS movie marathon...
Where are the HOLODOMOR movies?... Even Spielberg's 'LINCOLN' was a pile of mis-directed crap... It's history RE-WRITTEN to make it seem that Lincoln's only motivation in life was to fucking end slavery, which is a sly shine on the same slavery/bondage/mistreatment meme... At least I can't call Spielberg stupid... He understands full well that on a subliminal basis, the average public will link the two ideas in their hardwired brains [whether or not they even went to see the movie at all]... Just the 'publicity' is enough...
Why would Spielberg bother?... Because he's OUT OF ideas on different ways to make Nazis bad guys [save for "motherfucking space nazi's from the dark side of the moon']... Think I'm joking?
http://www.youtube.com/watch?v=xeIu1FiTTyI
~~~
Fucking Hitler didn't even write Mein Kampf... I'm NOT trying to exonerate Hitler here... Just trying to highlight that clever jews have gotten MORE than their pound of flesh out of anytime their TRIBE has been mistreated throughout history... Perhaps if they'd made a better effort to MIX with the rest of the people in the world, none of these things would have happened...
NONE of that is for me to JUDGE... But I'm done shedding tears about their travails, OR WORSE, being mocked, judged, junked, & stickered with an 'ANTI-SEMITE' label because my ducts have dried up & I'm no longer shedding crocodile tears like some fucking North Korean foto-op that shows the wailing & sadness of the 'PEOPLE' at Kim Jong Il's funeral to avoid getting sent to the gulag... Especially in light of the present day situation [& from where it overwhelmingly stems]...
"You want to go ahead & say that the PRESENT DAY resembles Poland 1939?"
francis old boy...everything in history represents a previous event because notjing is unique. man's history isnt unique. we have only repeated the same shit over and over and will continue to do so...that is why i know EXACLTY what will happen. we will eat shit and die...most of us at least.
when we create these kinds of situations, they ALWAYS end the same....death and chaos. oh and hitler and a good many of the nazi's were jews.
Someday, I'll be dying, but I won't be eating any shit... & if they try to force me to, they'll be eating LEAD...
you shouldnt use lead in your ammo as it isnt enviromentally responsible.....Matière fécale mon ami..!
since the establishment of the first hofjuden controlled central bank, boe, the blueprint has not changed: through finacial fraud and corruption, bring nations to their knees, instill hatred in one group against another, pit one nation against other nations, plunge them into a war, finance both sides of the war, consolidate power in devastated nations by bringing central banks under hofjuden control, perpetuate financial fraud and corruption, bring nations to ....and you know the rest. wash, rinse, repeat.
All well & fine...
~~~
But it doesn't still doesn't change the fact that 'run of the mill' jews have skated on the coattails [to purposefully mix metaphors], of the last round of MISTREATMENT for the past 70 years [which is a time period that has easily engulfed my sorry existence]...
& if 'WASH, RINSE & REPEAT' is the playbook... FINE... But there's little chance that I'll be around to have the opportunity to skate on any coattails if, by chance, my random TRIBE [even if loosely distinguished] will be the pinata that gets pummeled [by your playbook scenario] this or the next time around by the 'Wizard of Oz' hofjudenistic jesuit controlled, moloch worshipping high priests...
To further that... I'd say that the BASIC JEW [notwithstanding all hofjuden, jesuits, Luciferians, Zionists, Ashkenazis, fucking lizards, or Annunaki], is the only TRIBE who has cultivated this 'FEEL SORRY FOR ME' gene... I mean ~ goddammit, the fucking jews in America could give a rats ass about Native Americans [unless they could make a buck off of it]...
In conclusion...
I'M NOT FEELING SORRY FOR MYSELF... But I'm sick & tired of hearing the self righteous bullshit [& furthermore, I'm inclined to be outspoken against it]...
No hatin' ~ just cut the crap & stop trying to make ME pay for shit that I was never even remotely responsible for pressing upon your godammned grandparents...
The BOE was established by ironically a Scot, not the jews and it wasn't the first central bank.
the reason why
can be gleaned and extrapolated from these two essays:
http://www.garynorth.com/public/10768.cfm
http://www.garynorth.com/public/10771.cfm
simply, the hofjuden are making sure their financial crimes and culpability in all the atrocities their central banks financed and were part of is not within public knowledge. if it wouldnt be spielberg, it would be somebody else who would sell his/her soul and spread lies. just like phd's spread lies for tenure, the jews spread lies to fit their agenda. it simply doesnt pay to tell the truth. you have your price too; and if you got paid enough, you would stfu. i know i would stfu if i got paid (enough). and if i get paid well, sadly, i would spread lies too.
you have your price too; and if you got paid enough, you would stfu. i know i would stfu if i got paid (enough). and if i get paid well, sadly, i would spread lies too.
~~~
I can quite honestly state this... There was a time in my life that I would have done it [SOLD OUT]... But... [& this is big]... It would have occurred when I was ALMOST TOTALLY UNINFORMED about the larger picture...
So ~ at this moment in time... I'd refuse [to the point of DEATH ~ I mean that]... It's just not worth it... & don't bother pushing me on that subject because the distinction is rather EASY... Before one truly understands what 'selling your soul' means, his soul may be purchased... But once you cross the threshhold, there's no amount of material STUFF that is more valuable than your soul [which is your freedom]...
fair enough
and that's where your frustration is - the vast majority, regardless of ethnicity, sold out and is prepared to stfu or spread lies for, to use your term, joobux which the hofjuden print at will. whether we like it or not, by controlling central banks, the hofjuden (with the blessing of their jesuit masters), enslaved humanity by debt.
Understand that my 'outspokenness' on the subject has very little to do with any personal anger that I feel... I made that distinction in a comment the other day... I said it was akin to being in a forest & hating poison ivy, or poisonous mushrooms, or fire ants... It does no good to stand in front of a 100 foot Tidal Wave & shake your fist at it...
Instead ~ if I could put my finger more accurately on it, I'd describe it more like loneliness... It get's lonely out there when you're the only one in your neighborhood that has taken the RED PILL... At least in the movie 'The Matrix', when you took the Red Pill, you got to go live in a space ship surrounded by a bunch of other Red pillers... Here ~ It's like taking the Red Pill & then having to still go about your business in a Blue Pill world...
I truly don't know what I'd do if I had any kids... The again ~ maybe it would be the best possible thing because hopefully they'd end up being an onion layer of Red Pill candidates...
F~S, are you telling me that you actually watched Lincoln? You did not pay for the dishonor did you? I have to agree that there will always be a few of us out there and that we do not make good mass men. I run into this shit everyday and it's not just Jews. I possess a very specialized body of knowledge inside my thick skull that has been gained from reading, actual experience and to a minor degree, that university education that I paid way too much for.
I typically do not last long with companies. The longest stretch so far is seven years. I am in horticulture. Horticulture and "modern business practices", AKA pure bullshit, do not mix well. I do not listen well to corporate fucks who "know better" because they have an MBA from some fuckstick Ivy League school. I understand plant physiology, not corporate boardroom bullshit about maximizing this or that, because they will assume one growing condition or another. Fuck off with the boardroom bullshit. Now I am at the mercy of the god damned weather AND some fuckhead CEO and board of directors?
Last spring, I became employed by another company. A very small local company. One thing I overlooked that I should not have is that the new GM is from Florida. He has no fucking clue what is going on in the northern climes yet he makes decisions that cost us sales. i.e. He thought winter in MN was over on March 1 and made some really poor unilateral decisions.LMAO I can not stand by and let that sort of shit happen and I SAY something. No one else does though and then the bitter infighting starts amongst the other employees. You can bet they all support me but they won't stand up. There is no political bullshit with plants for fucks sakes. The plants are either dying or thriving.
I have said this time and time again; when I was in university there were 1500 business admin majors and about 20 horticulture majors. Hell, I already had many years of in-field experience with plants BEFORE I went to school for it. But now, I have some biz- major types telling me what is best plant management practice?LOL Really??? HAHAHAHA! That's rich. But no, they always know better than me what to do even though they do not even have a cursory knowledge of basic chemistry. So you do what they say and watch the sales and plants go into the shitter and then you look for a new job.
Here is an example:
Me: We have an aphid outbreak and need to spray.
BizMajor: Well, that would cost money.
Me: Well, they will kill and/or stunt the plants so we have to do something right now.
IdiotMajor: Well, lets just wait and see. We will have to have to have an executive board meeting to approve the expense.
Me: You are a bunch of fucking idiots.
Morons: You are fired!
That's the basic story anyway and that is why I will always back the likes of Francis~Sawyer for at least speaking the truth when it needs to be spoken. What F~S says here on ZH, is in my estimation, at least reasonable to consider and is not generated by "hate". I think I can stand with Francis in saying that we hate everyone equally and I think probably more than anything, we wonder what the fuck is that matter with some of you. Someday, I will tell you all about my battles with HR depts. What a bunch of fucking losers those prematurely grey-haired cunts are.
Resistance to the TPTB never ends well for me no matter what tin gods they think they are. It's a curse I guess in a way. I can't help myself from telling sheeple, who deserve to be told, to fuck right off. I don't think a lot of ZHers are the subservient type either.
Carry on.
F~S, are you telling me that you actually watched Lincoln? You did not pay for the dishonor did you?
~~~
I'm in SAG... I get a free copy...
Didn't Parker and Stone redefine SAG as the Film Actors Guild?(FAG) Sometimes my memory eludes me in my ever increasing old age.
LOL
~~~
I was in the process of typing the following as an ADD ON...
I know where you're coming from [in terms of frustration]... Luckily for me, I've never really had to work for anybody... I've had moments that I worked for some organization in my life, but they were always things that I enjoyed, then moved on...
You have a conundrum because it appears that you enjoy WHAT you do, but don't enjoy the STRUCTURE or the apparent restrictions that ANY structure places on a persons fluidity & creativity... I can't make any recommendations because, neither are they mine to make, nor can I even guess as to any liabilities you may face...
All I can say is ~ the day you break free from the structure will be the happiest one you'll ever remember... Once you break free ~ you never go back...
Well, Thank You Francis. I have a lot of issues to deal with. Number one would be liquidate this property I own NW WI. It's more of an estate situation. Think inheritance but with legal consideration well over a decade ago. The place is great for detonating tannerite and shooting venison out the laundry room window but it is costing a me a small fortune in heat, elec and taxes and no one is even there save for me once in while. Maybe some wealthier ZHer's would be interested in buying? Clear title from 1963 paid in cash. No MERS. Actually have note and abstract.
Then there is the Russia real estate situation. I married one of them and no, it was not a fucking mail order bride! I'm so sick of hearing that accusation. She is from a good family and they own some "stuff" but the old soviet passed away some time ago and left it to my Mother-in-law who has recently said that she will pay for us to move to Russia because she thinks there is a market for my thick-skulled horticultural expertise there.(huh? um... well)
Meanwhile, MILF-in-Law wants to sell the place and move to an apartment now.(they call them flats...whatever...) The old soviet aced out his sons on that property. The sons received other assets but some shit was started intra-family. Yikes. I am technically the only male heir in this scenario though other than our two year old son. I am getting a headache because I do not know the best course of action to take. I do not speak Russian (much) and I own a varying degree of metals and related equipment that won't pass any fascist state's customs.
Mom-in-law is one hell of an accountant in her own right and has the business of some of the major industry in Southern Russia. I do not fully understand how it all works to be honest but she has cash at all times. I do not ask.
If you are staying Francis, then I am staying.(and my metal too)
+1 Francis. I have noticed that you have been a little quiet lately. I think you are getting junked for this misspelling in all caps: ~BLANTANT~;-) Otherwise, good post. Keep it up.
You are wrong. (I know you're a troll, I don't know how you can live with yourself working for these awful people) The people doing this are not Jewish, they are Occult (Luciferian). Don't you think that justce should come to the right people?
@SMG
~~~
I've been through the whole 'Occult', 'Luciferian', goddamned 'Reptilian', 'Annunaki', fucking all the way down to the 'Trekkies' & 'Birders' about a billion times already... If you're that worried about it... Look 'em all up [because they pepper many of these threads]...
Write a book ~ knock yourself out... Maybe when you're done, you can sup with Bernanke & Krugman who will be happy that you made their reputations whole & plenty again and got them invited back to the Flip Wilson show [as Geraldine] to proclaim "The Devil made me do it"...
~~~
http://www.youtube.com/watch?v=OCruefYl3FI
Again I don't know how you can live with yourself, doing what your doing. What a waste.
You're absolutely right... I'm gonna end it all right now
~~~
GOODBYE CRUEL WORLD!... [pulls trigger]... Oh shit! outta ammo... Know where I can get some?... The illuminated leaders [of which you're a sychophant towards], have decreed that I'm not of sound mind enough to own a gun... I guess I'll have to stab myself with a pair of scissors...
if this was an assigned project:
i would grade your work as "incomplete" just because you left the jesuits out. ;)
I'm still reeling from having taken #14 Davidson to upset #3 Marquette...
~~~
The jesuits are on my shit list right now...
You must vote until you get it right! It is the chicago way.
Affordable Care Act, bItCHeZ! Passed by the skin of its teeth.
Next year, the U.S. deposit haircuts start, if you don't buy a costly health plan.
Say hello to your little IRS friend!
So the other shoe just fell: Capital Controls! First in Cyprus, then... everywhere where the slimy, life-sucking tentacles of the $1T/yr counterfeiting Fed (and their True Masters) can reach.
Quote seen earlier "Most gas stations in Cyprus now accepting Cash Only."
This is a recent video of the average EuroZone depositor
http://www.youtube.com/watch?v=2N3gyhgHhe8
"While it is unknown if the Cypriot parliament will agree to, and enact into law, the Troika-demanded deposit haircuts, after the shocking vote of mutiny against Merkel earlier this week that saw not one politician vote for the Europe suggested deposit tax levy (and even the ruling party abstained),"
the ruling party abstained because they were the ones the rejected the 15 % on the over 100k confiscation with funding for the banks that the ecb et al originally proposed as the way to raise all of the cyprus "contibution".
the ruling party pres of cyp was the one who insisted on taking that number down to under 10% saving his cronies 1/3 of their losses at the expense of the under 100k insured crowd. and then could not vote against what they had demanded. he just overestimated his control of the votes and tried to save face by 'abstaining' .
from the zh linked article:
'Party officials told Reuters that discussions were centred on a levy on depositors holding over 100,000 euros.'
the ecb did in no way want to breach the secured from the beginning. and they are now forcing that outcome, and imo, extracting an extra % etc to make their point.
ecb should go back to their original offer of 15 % on the over 100k and fund the banks like they said they would. buy the time for an orderly unwind of the insolvents without sacrifice the good banks and extracting extra hardship on the poorer of the land of cyprus.
not that they will.
but that's another story.
:)
Let's see just how stupid the Europeans are. If there aren't bank runs all across Europe next week I think it's safe to say that Europeans are dumber than the people of the U.S. ...... I think...... That's a tough one to measure. I think I'll go to the local Walmart and observe.
Europeans believe that the gov can fix anything. It's contradictory to say that they don't like their govs, because they have no other option.
If the govs impose capital controls, the europeans would believe that it's good for them. Brainwashing is complete there and here in Canada.
In USA it's getting there, but people have guns, it's a different beast.
Well if the brainwashing isn't complete here it's getting damn close. I simply can't believe what I'm seeing unfold daily, and the sheeple just shrug. Most people are either drugged up or dumbed down to the point where they don't either don't give a shit or they don't want to do anything for themselves.
However, it is a lot more dangerous in europe.
People EXPECT the gov to solve the problems. They've become sheeple by EXPECTING.
We both know problems won't be solved. You know what happens when ALL PEOPLE AT ONCE get dissapointed?
Just imagine what would happen if the US Gov told all 48 million foodstampers that they will cut the food stamps!!!!!!!!
This winter we've had weekly anti-government protests. If anything we expect them to all go fuck off.
And you don't need guns. In fact, the most effective protest here incorporated giving flowers to the riot police. I've had friends pass out greeting cards to the police saying: "Don't worry. Everything's gonna be ok."
Anyways, we've got a new government now, and we'll be watching them closely.
Location?
Nauru.
ZH should do a special report on the failure of Nauru, once a very rich country now almost bankrupt due to poor management.
Slovenia. That said, I don't for one second believe the new government will in the long run be any different than the old one. Basically the same assholes, different seating arrangement. The banks are nearly broke and I'll be amazed if they don't request an official bailout this year.
The worst thing about people...It's amazing how they can get used to anything...
A large percentage of people you can't reach...
No I can't say this, but, I think I will. Dr. E. you're just a hopeless romantic like me, fantasizing about the days when America was inspired and admired for its leadership, The USSR was the enemy, the USA had vision, entrepreneurial spirit and freedom, when men were men and women were content cleaning the toilets, making dinner and having babys and everyone was happy! AAAAhhhhh, life was good and those were the days! *(I think some of you ladies are spinning around in a seat like a scene from the exorcist right now!) Sorry, Hell hath no fury, I know, but just kidding round, laugh and you'll live longer :).............
You had me nailed until the toilet comment. The rest is right though...I grew up during an amazing time and it's sad to see that we blew it all for a positive quarterly statement.
ekm
I find your posts enlightening and interesting but have to disagree here. I've worked and lived in a few countries (am Canadian and here now). Europeans and, to a lesser extent Canadians, are much more questioning of government than in the US. I think it may be related to the fact that these countries have multi-party systems or maybe that we are not empire.
That being said would love to get your take on the recent budget and Flaherty's Manulife mortgage call. I'm not a fan of the current government but I think they are running scared and trying best to shelter Canada from the upcoming shit storm.
I've had my bank run a few years ago. Hadn't had any saving within the system since. I've tried getting friends and co-workers to follow suit, but most of them have no saving to speak of. Most are in fact hopelessly in debt. Since I refuse to own a TV, I don't know what stories the public is being fed in regards to the whole situation.
Cheers.
Never underestimate the stupidity of people that have been educated in the modern public school era....Half the Cypriots are home watching Dancing with the Stars or someother vegie like show.....
Hey Fink, do you care yet. You fuckin' twat. You soon will.
so what exactly is the capital control? withdrawal limit? eft limit? spending limit?
Good question.
It is certain to be restrictions on carrying cash or wiring funds outside of Cyprus.
Within Cyprus, they don't care. It all stays within a closed system.
200 Euros per day, whether you spend it, withdraw it or transfer it, as far as I can tell.
Risky business fucking with Rusky mafia cash accounts.
This is bizarre. How is a banking system that seizes deposits supposed to retain deposits or attract new deposits. Is the Troika attempting to destroy all the Cypriot banks? the entire Cypriot economy? Are they attempting to create a run on all European banks. Are these guys complete idiots or is there a method to their madness?
"Are these guys complete idiots or is there a method to their madness?"
It is ALL PLANNED my friend...
Collapse the system, install a one currency (Digital), VIOLA! Mankind instantly becomes slaves to the Cabalists.
These evil sick-twisted narcissistic bastard psychopaths keep playing with matches inside a powder-house... Now these dumbasses have lit the fuse...
The very fact that many political creatures, around the globe, seem so shady, makes me think many likely are. Cash is king in some circles they play in. Not so easy as "install one currency (digital)", IMHO.
I agree completely! It's almost as if they are purposely bringing down the system. Mind boggling. This is about as smart as hitting a wasp nest with a board.
Miffed:-)
Nothing bizarre here... these banks, er... casinos are nothing more than a tool for banker bonuses...
This should send a #uckin chill down the back of every human being about the power governments ultimately hold over its citizenry. In a time of turmoil, the super rich and political elite will justify their actions to steal wealth under false guise to maintain their power and control.
If the Cypriots go to their accounts and find them locked, or lessened by even one penny come Monday, then they are their own problem if they don't immediately decorate lampposts with some of these guys.
AND make no mistake about it... when this mess washes up on our own shores, governments north and south of the boarders will do the same, regardless of the law...
First Eurozone country to implement capital controls maybe didnt the US, to a lesser degree do this some time ago?
http://www.zerohedge.com/article/its-official-america-now-enforces-capit...
Not quite on the same scale--but the Cypriots have given the US a handy blueprint:
- Restrictions in daily withdrawals
- Ban on premature termination of time savings deposits
- Compulsory renewal of all time savings deposits upon maturity
- Conversion of current accounts to time deposits
- Ban or restrictions on non cash transactions
- Restrictions on use of debit, credit or prepaid debit cards
- Ban or restriction on cashing in checks
- Restrictions on domestic interbank transfers or transfers within the same bank
- Restrictions on the interactions/transactions of the public with credit institutions
- Restrictions on movements of capital, payments, transfers
- Any other measure which the Secretary of the Treasury or the Governors of the Federal Reserve see necessary for reasons of public order and safety
http://www.guardian.co.uk/business/2013/mar/22/eurozone-crisis-cyprus-ba...
This will spread, Cypriot capital controls, to the rest of Europe, particularily Spain. EU wide capital control by next Friday. Unreal.
The awful ruin of Europe, with all its vanished glories, glares us in the eyes.
When the designs of wicked men or the aggressive urge of mighty States dissolve over large areas the frame of civilised society, humble folk are confronted with difficulties with which they cannot cope. For them all is distorted, all is broken, even ground to pulp.
From Stettin in the Baltic to Trieste in the Adriatic, an Iron Curtain has descended across the Continent. Behind that line lie all the capitals of the ancient states of Central and Eastern Europe.
-- Winston Churchill, 5 March 1946
http://history1900s.about.com/od/churchillwinston/a/Iron-Curtain.htm
+1 If people in Europe want their money out of banks they better get it out right now....
He who hesitates...masturbates
Europe can't fix any problems with Russia.
It's Washington only that can face Russia.
http://armstrongeconomics.com/2013/03/22/russia-rejects-cyprus-deal-watc...
Damn it!
I did NOT have Cyprus in my NCAA tournament bracket!
Shitballs!
zh is the new nostradamus
I like this from FT Alphaville today:
"Cyprus now has a binary choice: become a gimp state for Russian gangsta finance, or turn fully towards Europe, close down much of its shady banking sector and rebuild its economy on something more sustainable".
Bring out the gimp:
http://www.youtube.com/watch?v=S8kPqAV_74M
I kind of like how the EU went from the free movement of capital and labor, to the free movement of capital and labor for Germans only, in such short order.
The problem with the Germans, then, is that in the past they have had too many generals, and not enough feckless bankers.
As many ZHer's have previously said before:
Go long guillotines!
Boring, everybody knows the EU will up the conditions again.
Beta test passing in Cyprus. Rollout across Europe is next.
the Germans will be BLAMED and the dreams of the EURO will be a nightmare with the ghosts from the past.
1919 -- Treaty of Versailles
1945 -- Nuremberg trials
2013 -- euro crack-up
I love MDB. He/She's the greatest troll alive.
Of course the people getting the raw end of this deal are once again 'savers'. Not only have they suffered controlled low interest on their savings, they are also getting singled out for a haircut on their savings. Yet no one is going after anyone holding equities! This is a Bernanke and ECB dream come true - another way to get cash out of savings accounts snd into the market!
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Damn you all to hell!
•?•
V-V
...Planet of the Apes....great scene at end of movie. The stupid humans did it......and here come the apes!
The EU, Cyprus, Troika, and parlament is turning into an ambien commercial. Like writing speeches for fat French mimes that are illeterate, and blind, and performing for children. Just not worth the effort.
This is no surprise at this point no matter what happens. A bank run is a guaranteed.
As The Clash once sang
...Should I stay or should I go now?
Should I stay or should I go now?
If I go there will be trouble
An’ if I stay it will be double
So come on and let me know!
This indecision’s bugging me...
https://www.youtube.com/watch?v=GqH21LEmfbQ
I recommend leaving because you will only have half of the trouble by doing so. The question then becomes; where are you going? This could lead to additional problems. Hmm. A conundrum.
Happy Friday evening Dewey. It's been another long and stupid week hasn't it?
mmmmmmmm.........Moosehead n Nuclear Power!
Uncle Sam just might want to borrow from you on a permanent basis.He'll have the FED take whatever he needs out of your bank accounts and your safety deposit box.In case you didn't know,Uncle Sam has various international agreements in place to find what you possess and where.By the way,in case you didn't know,when you put your money in the bank,it's no longer yours.That includes brokerage accounts and many others.The reason being:Uncle Sam owns the rights on the paper system you might say.That's why you need a little insurance.If that happens you'll be glad you've got gold,silver,platinum and palladium as your back-up system.You always make sure that you have small quantities to trade with because if she goes high it'll be a little harder to trade with an ounce.Unless of course your looking for land.
The sense you are having of security because you are having your golds is being a foolish sense to be having. When governments is saying to all the peoples it is wanting all the wealths the people are having it will be telling them it is wanting to be having the gold the peoples are having too. Many peoples will not be giving the governments their gold but the governments will be telling all the peoples that they cannot be having golds. This will be meaning that to be selling golds or to be buying golds will mean that the peoples who would be buying the golds will be breaking the laws and they will be afraid to be buying it and if no peoples will be buying it then the peoples who are having will not be able to be selling it.
Golds are being good when there are some stabilities but it is needing some stabilities for it to be having any values because gold is not having any values by itself.
If what you say comes to pass then we will have no economy at all. We will all be USSA or USSEU. Get in line for your food ration.
The Digital Curtain is descending on the Free World.
Sorta does feel kinda ArchDuke-ish. Draconian capital controls will not be well taken as fiat money will be rationed out much much slower than it is debased. I would like to believe ZH and alternate website followers across Europe are far more prepared than most. Anybody heard anything out of Beppe Grillo?
OT but here is the takedown propaganda for bitcoin...
http://www.guardian.co.uk/world/2013/mar/22/silk-road-online-drug-market...
This Cyprus business reminds me of one of my late fathers' favorite jokes.
Taken I believe from a Jonathan Winters album:
The Lone Ranger and Tonto are surrounded by a million hostile indians.
Lone Ranger: Uh,I dunno Tonto,it isn't looking good.We may not make it out of this one.
Tonto: What do you mean "we",paleface?
When i was younger I believed the great problem the anti-christ would solve for the world would either be the Palestinian/Israeli issue or global hunger. It looks like i'll need to add the collapsing global economy to the list of potential problems that will propel the anti-christ to power. I guess we'll have to wait and see....we'll know soon enough.
The European Anti-Christ is ready and waiting in the wings already.
His name is Tony Blair!
I think he has lots of competition ...
So is this the new playbook? We steal depositor money or we guarantee you financial Armegeddon?
Sinclair had some interesting takes on the palace intrigue:
Says Bernanke is really pissed at Lagarde because it undoes everything he's been attempting to do through QE.
If there is a whiff that this is supposed to replace QE then bottom falls out of the markets.
Says Bennie will pull an LBJ when his term is up to avoid the coming shitstorm.
Says Lagarde and the old money Eurocrats are so petty they did this because they resent the Russian neuvo-rich that much
"nouveau riche" is what you were looking for there.(fucking French and their excessive use of vowels anyway) I agree with your post. +1
LOL @ how many people got trolled by MDB.
"it is now inevitable that the local Cypriots will do all they can to pull as much money from domestic banking system as possibl"
Will they, really?
Will they storm the bank vaults and demand return of their deposits in full?
Somehow I don't think so.
I'm done worrying about it, communism isn't so bad. You get your bread, your borcht and your vodka, your one vote for your one candidate, what else does one need?
A sense of humour?
Insert pretend to work joke here.
Cyprus ATMs already capital control enforced: https://fbcdn-sphotos-g-a.akamaihd.net/hphotos-ak-frc3/s480x480/576880_1...
Greece to take over bank branches?? Unbelievable.....
http://worldnews.nbcnews.com/_news/2013/03/22/17418914-cyprus-passes-bil...
It's not April 1st is it?
Everything I read is focused mainly on thing: Deposits over Eur100k. Nobody really knows how much.
That's not common people's money, because common people have not much money left anyway.
It seems to me this is rich robbing rich. What do you think?
I don't know, nobody does....right now
This is the strangest story ever, from the get go.
somethings missing. something obvious
what a mystery, It's like they sacrificed a pawn for something bigger?
It's uber filthy rich robbing middle class and retirees.
It's more like robber robbing robber.
Sergei Magnitsky Uncovered Russia-To-Cyprus Money Laundering, And Look What Happened To Himhttp://www.businessinsider.com/russia-cyprus-and-sergei-magnitsky-2013-3
Just dismantle the military and you will have zero spending troubles; you will also have 45% unemployment.
I love Top Gun and big strong sexy aircraft carriers so disregard this post.
Mavrick or Goose....
Nope. You are far more fucked than that. You would still be running a deficit, increasing the national debt.
https://www.youtube.com/watch?v=p0RkWqyn1y4
You're going to have to cut trillions, AND increase taxes.
USS Alabama. The boomers are still out there, full of MIRVed ballistic missiles.
Dupe post
Wha??? ...but just this morning Bloomberg told me that "the crisis had been averted"
</sarc>