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Cyprus Church Loses EUR100 Million, Curses Those Responsible
Perhaps it was their comment last week that "with the brains in Brussels... the Euro can't last," but the Orthodox Church of Cyprus has lost over EUR100 million reacted to its holdings in Bank of Cyprus. Church leader Archbishop Chrysostomos II, in comments on TV, noted that "Cyprus asked for 'crumbs' compared to large size of Europe’s budget," and that those responsible in Cyprus should be punished (he blames the outgoing government, Ministers of Finance, the Central Bank, and the Executive Directors of Banks) - "those that brought the place into this mess, should sit on the stool." He noted that people will lose jobs and the state will be poorer but that the Church is prepared to help; and his first step - to send invitations to the heads of various Russian companies on the island.
Heads of Russian companies operating in Cyprus will call a working lunch, next Thursday, March 28, 2013, His Beatitude Archbishop Chrysostomos Mr. to encourage them to remain in Cyprus.
Speaking to the media Sunday, March 24, 2013, the Archbishop said: "I think we should stand on our own forces. Do not expect any thing. Our people have unfortunately learned to live with the waste, but when the need to know and live with a few and I think he will live with the few. We will try as much as possible to open a business there that can help the state. We will do this with love, "he added.
He also said that "next Thursday I call - I will send invitations and of course - the heads of various Russian companies on the island, we come to the Archdiocese for a working lunch."
"I want to invite people to talk together, to encourage them to stay that benefit in Cyprus because Cyprus was the only country that gave interest to the Russian capital, and if they had their money in any other European country would receive or 0 or 0.5%, while here they get so much more. At last they have brought the place into this mess, should sit on the stool, "he said.
The Archbishop said that the situation blame the outgoing government, Ministers of Finance, the Central Bank, "which brought the top down, blame and Executive Directors of Banks."
"We all sit on the stool, of course, because they brought up - and found below this poverty of our people, so unexpectedly, without a consideration. It is not vengeful. We must punish naughty, fiber and other fear shall have, "he added.
Replying to a question, the Archbishop said that the banks belong to the shareholders. "It is neither the Governor nor anyone. The Governor can not monitor, or orders appoint either cease or be closed banks. Unfortunately, they stayed with our own apathy. I've said to initiate treatment, "he said.
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Yeah, but they're not doing the same kind of God's work that Blankfein is.......
The Careless Whisper News Update & Threadjacking AHEAD Of Drudge. Just Sayin'
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@The Careless Whisper Report
Now it takes $1M to promote good citizenship? We have no society, people. Easy money and the welfare state have ruined us.
Ah, the Beatitude Archbishop on his knees to the Russians all next week- gotta love how the Church works....
Operative word there is "head"....
v
"those that brought the place into this mess, should sit on the stool."
Did he mean "stand on the stool"? (with the noose around the neck).
^^ post fail
The Church of Cyprus should begin to issue "indulgences" in the form of printed notes and metal tokens.
They'd be a perfect source of an alternative currnecy. Let the EU think that Cyprus hasn't left.
Who's going to counterfeit the church and risk excommunication? As for the actual "indulgence" aspect -- well, that's buying stuff. After all, all the sinful acts are already prohibited by law.
What's a church doing with $100 million? Aren't they supposed to give that away to the needy and poor?
"Curse those responsible".... lol.... Had they given the money away like all those who donated understood as such, there would be no "cursing". Seems everyone is hoarding cash these days.
Here is a lesson: spend it on the poor, do not stimulate the banksters by giving it to them (e.g. put it in a bank account).
There weren't any real poor on Cyprus until this fiasco hit. The expression that they shoud sit on a stool apparently means that they shoukd be brought to justice ( sit in the dock).
My guess is that there will be retribution sought for what has happened.
My bigger guess is that Cypriots will bounce back unless Europe has more knives to stick in their back.
Perhaps a two-legged stool on top of a preesure release trap door with a noose around their neck. It can be built in the courtroom by all means...
i agree and the trap door can allow them a quick entry to hell.
Jesus put up with a lot of assholes when he was on earth including his own apostles; the Pharisees; Satan; and his killers.
The only group that he displayed righteous anger against were the money changers (bankers).
I guess lunch is on the Russians than. You know even if it were just fish and red wine I'm sure the Church will be able to make it go around.
Touchdown. These things need to be taxed like the businesses they are... If you're going to talk the talk, then walk the walk... All I see around here is an arms race as to which church can build the biggest monument to god, while going into debt to do so... leaving the poor in the cold in the process.
if they lost 100 mm or 40% they still have a 150 mm to NOT give to the needy and poor.
the church will now have to step up their drive "donate your cash for the needy and poor" so the clergy can accumulate $100MM on the side line again
I don't see why these bishops are complaining. Isn't this just part of God's plan? If someone must "sit on the stool" then surely it should be God.
The executive team of Popular and BoC should be held personally liable for the losses as it was their decision to invest heavily in Greek bonds.
My friend I agree, but you forget that the European banks which did the same thing got bailed out.
At the (well paid & often double dealing) advice of GS...
Pretty rich church. (One would think the church should be a not-for-profit organization.)
And Jesus said,
17 Tell us therefore, What thinkest thou? Is it lawful to give tribute unto Caesar, or not?
18 But Jesus perceived their wickedness, and said, Why tempt ye me, ye hypocrites?
19 Shew me the tribute money. And they brought unto him a penny.
20 And he saith unto them, Whose is this image and superscription?
21 They say unto him, Caesar's. Then saith he unto them, Render therefore unto Caesar the things which are Caesar's; and unto God the things that are God's.
22 When they had heard these words, they marvelled, and left him, and went their way.
http://www.biblegateway.com/passage/?search=Matthew+22&version=KJV
Dear God..
Isn’t it way past time for you to be doing a little righteous smiting on some evil doers down here?
Patience my son....
Jesus was also heard saying, "holding cash is dumb anyway. You really should be in bonds". Of course, he was just talking his book. Interestingly, he poured money into collectables. Gold crucifixes seemed like an odd choice at the time, but it worked out for both he and Paul.
+1 for Jesus "talking his book"
Everybody knows that Jesus saves.
But Datsyuk is there for the rebound... he SHOOTS - HE SCORES!!! Nifty work by Datsyuk... Jesus never had a chance.
"They say unto him, Caesar's. Then saith he unto them, Render therefore unto Caesar the things which are Caesar's; and unto God the things that are God's."
What about "Thou shall not steal?"
How is what's mine also Caesar's? Please square that circle for me. If Jesus is literally referring to Roman currency, does that mean that all of my non-governmental markded possessions as well as precious metals are biblically hands-off for government thieves?
Sadly, probably not. Looters never let things like morality and rationalism interfere with their self-serving, confiscatory ways.
I think what Jesus meant was , Decide who your God is!!!!!!!!! Is it that idiot who has fashioned himself into a God and put his image on the coin or is Your God Money or the concept of Money itself?
What about "Thou shall not steal?"
How is what's mine also Caesar's?
The point of discussion was taxation. the context, sedition, or at least tax resistance. Perhaps
you aren't comfortable with the idea that not all taxation is theft?
"What about "Thou shall not steal?"
How is what's mine also Caesar's?"
That's the Joke. The Flavians set it up that way.
Caesar is "Lord of the Earth". The coin is already Caesar's and everything else is as well. When you "render unto Caesar...", you are merely giving him what he already owns - EVERYTHING.
It's a JOKE. The Cypriots are just the Butt of this one this time but there will be many others.
There always are.
CW
Someone has a different opinion: http://www.lewrockwell.com/orig11/barr-j1.1.1.html
Good link. Thanks.
Excellent link! Thanks!
ALL taxation is theft. If it were voluntary instead of confiscatory, it would be called a donation.
And Jesus said,
16 “Woe to you, blind guides! You say, ‘If anyone swears by the temple, it means nothing; but anyone who swears by the gold of the temple is bound by that oath.’
17 You blind fools! Which is greater: the gold, or the temple that makes the gold sacred?
23 “Woe to you, teachers of the law and Pharisees, you hypocrites! You give a tenth of your spices—mint, dill and cumin. But you have neglected the more important matters of the law—justice, mercy and faithfulness. You should have practiced the latter, without neglecting the former.
24 You blind guides! You strain out a gnat but swallow a camel.
25 “Woe to you, teachers of the law and Pharisees, you hypocrites! You clean the outside of the cup and dish, but inside they are full of greed and self-indulgence.
26 Blind Pharisee! First clean the inside of the cup and dish, and then the outside also will be clean.
http://www.biblegateway.com/passage/?search=Matthew+23&version=NIV
Love this one.. J.C., The Original Jerry Maguire ..Show me the money..
19 Shew me the tribute money. And they brought unto him a penny
In short the Troika stole from the church. This is pure evil. They will all surely rot in hell. God will have the final judgement.
word.
They showed Jesus a gold piece and said to him: Caesar's men demand tribute from us. He said to them: What belongs to Caesar, give to Caesar; what belongs to God, give to God; and what is mine, give it to me.
http://www.earlychristianwritings.com/thomas/gospelthomas100.html
I guess the church didn't expect their money would be taken, it's getting ugly. lololololololololol
Actually that church had pledged all its assests for a Cyprus bail out other than the Troika's, which is a lot of assets since it is the largest landholder in Cyprus.
Yeah they brain wash people instead.
What kind of church stockpiles $100 million?
The catlick church probably has 100 billion including slums as assets. Collect from you, keep for them. Good times.
A small one...
Every damn one of them that can. The Vatican probably pulls that kind of coin every damn day. We can all take comfort in knowing that it is consistently put to good use...........
s/
Oh shit, there I go confusing church with bank again. Sorry, my bad.
"What kind of church stockpiles $100 million?"
religion is useful for some. it constitutes one of the pathways to power and wealth. probably the easiest one.
you should see the Vatican
Or, don't fuck the orphans and alter boys till we're done with them.
Banksters NWO agenda = destroy Christianity.
Bring on the Inquisition for Bankers and Politicians!
thanks ZH for everything!
http://www.zerohedge.com/donate
Lycourgos Kyprianou
Hope this guy loses it all. He never paid up for defrauding American investors.
Template for...Vatican confiscations ?
Sovereign and has its own bank, if I remember correctly.
By Philip Pullella and Lisa Jucca
VATICAN CITY/MILAN | Mon Mar 19, 2012 4:04pm GMT
(Reuters) - JP Morgan Chase (JPM.N) is closing the Vatican bank's account with an Italian branch of the U.S. banking giant because of concerns about a lack of transparency at the Holy See's financial institution, Italian newspapers reported.
The move is a blow to the Vatican's drive to have its bank included in Europe's "white list" of states that comply with international standards against tax fraud and money-laundering.
The bank, formally known as the Institute for Works of Religion (IOR), enacted major reforms last year in an attempt to get Europe's seal of approval and put behind it scandals that have included accusations of money laundering and fraud.
Italy's leading financial daily Il Sole 24 Ore reported at the weekend that JP Morgan Chase in Milan had told the IOR of the closing of its account in a letter on February 15.
The letter said the IOR's account in Italy's business capital would gradually be phased out starting on March 16 and closed on March 30.
In Milan, JP Morgan Chase declined to comment and the Vatican also had no comment. It was not possible to contact IOR officials because Monday was a holiday in the Vatican.
Il Sole said JP Morgan Chase informed the IOR that the account was being closed because the bank's Milan branch felt the IOR had failed to provide sufficient information on money transfers.
The financial newspaper, which gave the number of the IOR account, said some 1.5 billion euros passed through it in about 18 months. It said the account was a "sweeping facility," meaning that it was emptied out at the end of each day with funds transferred to another IOR account in Germany.
The closure move by JP Morgan Chase, which was also reported by two leading general newspapers on Monday - Corriere della Sera and La Stampa - was a further blow to the IOR, whose image has been tarnished by a string of scandals.
In September, 2010, Italian investigators froze 23 million euros ($33 million) in funds in two Italian banks after opening an investigation into possible money-laundering.
The bank said it did nothing wrong and was just transferring funds between its own accounts. The money was released in June 2011 but Rome magistrates are continuing their probe.
http://uk.reuters.com/article/2012/03/19/uk-vatican-bank-idUKBRE82I0P820...
Rewind the time machine just a little further...
By Robin Pomeroy
VATICAN CITY | Fri Feb 15, 2013 12:22pm EST
(Reuters) - The Vatican appointed a German lawyer to head its bank on Friday, but the bid to turn the fortunes of the scandal-hit institution was clouded by his business links to a military shipbuilder.
The appointment, made by a commission of cardinals, was approved by Pope Benedict and is likely one of his last major decisions before he resigns at the end of the month, a move he announced on Monday, stunning Catholics around the world.
As chairman of the Institute for Works of Religion (IOR), Ernst von Freyberg will head efforts to improve the image of the Vatican's bank which is under investigation for money laundering and has been without a head for nine months.
Source: Reuters
By the way, what was the name of that bank in Germany which holds the IOR funds?
Thats just too funny.. JPM closing acct due to lack of transparency...
I guess they cant stand competition, or others doing to them what they do to others
Portugal still immersed in apathy and internicine parochial warfare over who builds the coolest museum. I love the world.
Can you be excommunicated for stealing from the Church?
What the hell are they doing with 100 million anyway?
They "lost" €100MM. Do the math to figure out how much they acutally have/had.
Modern indulgences.
Poll:
Who will be the first central banker to be asassinated?
american or european
--- European
--- American
fixed it for you
It will be a European and it will be the lobster polonium bisque.
pods
Professor Plum in the library with the rope.
Sergei the Cleaner at Chez Julien with the ice pick.
Joe Biden, under the desk, with the scissors...
More like Joe Biden, under the desk, with a milk mustache.
BOTH at the same time.
Was always secretly hoping serial killers would focus on bankers instead of hookers or drifters.
Evil always consumes itself: that is natural law. The elite are turning on each other, and the hard-working responsible people will be relegated to clean up and rebuilding. Alas, the weeds always return and grow faster.
We can only hope that this is Iceland redux.
The day the banksters rob Jesus is no day at all. Duck and cover here come the asteroids.
That's the best news yet!! If this template can wipe out all churches the world will be a much better place!
Before saying such idiocy, you should know about the social contribution of the Orthodox church in countries like Greece and Cyprus. They have assets (mainly real estate), yeah, but they don't use it against the people. If you prefer those assets going to the hands of the banksers, sorry, but you are a plain idiot. You should also notice at some point that this financial crisis is used as a mean to destroy Christianity, or at least what is left. What do you think Spain, Ireland, Italy, Greece and Cyprus have in common ? The whole world is broke, however those countries get raped first. Why ? PS : I'm agnostic...
''What do you think Spain, Ireland, Italy, Greece and Cyprus have in common ? The whole world is broke, however those countries get raped first''
Are they being raped or merely being restructured in anticiaption of the death of the dollar?
The church is promising to feed everyone. Vacations to Greece just became all-inclusive.
I'm sure it will be a great place with the bankers holding all of the assets.
Thanks for that jejune bit of atheist twaddle.
Banksters Go directly to Hell... Dont collect 200, uh 13 BILLION ..
They take your money, "bless you son, your sins have been absolved."
You take their money, "you motherfucker, may you rot in the 9th circle of hell!"
Nice hats by the way.
Bernanke finally got in the office and started the printers. Dow's reversing losses.
Is it only a matter of time until we see the return of EOKA?
Silly Hats Only!
Like this:
http://www.bing.com/images/search?q=pope+benedicts+hat&go=&qs=bs&form=QB...
Where is Your Sun God now?
Church's first response: GODDAMNIT!!
if it sounds too good to be true, it probably is
enter 40%+ hair cut; as opposed to 0-0.5% interest elsewhere
I don't think Jesus wanted the Church to be a business with a fat fucking bank account. The role of his church is to spread his word with the money that comes in from charitable giving from people who generate value in society and give expecting nothing in return, not put it with a Banker so it can be stolen.....If the Church needs a safe place to store "God's Money" a fucking commercial Bank is a terrible place. Looks like God needs to get some smarter people to run his finances. Come to think of it something about the love of money being the root of all sorts of terrible evil comes to mind.
Jesus actually said when being complained to about taxes and such:
"give to Ceaser what is Ceaser's". He was refering to Ceaser's imprint on the coinage.
All our currency belongs to the governments and they want it back.
They can have their worthless paper back ... in exchange for gold and blood.
@slightlyskeptical: my coinage has oom Paul Kruger's head on it. No-one's getting it "back".
"All our currency belongs to the governments and they want it back."
Genius. Jesus was truly a revolutionary still misunderstood.
Caesar's money = Caesar's game.
If you don't play Caesar's game, Caesar can't beat you at it.
Thanks, that just hit me.
Love my ZH.
Where's the Charity in banks buying low quality debt (Greek bonds) that default(get Haircut . .)?
Where's the Charity in the government changing laws to suit the banking failures?
Christ never said to give in to theives.
Christ did say 'Love thy neighbor as you would have them love you'.
The Archbishop is correct in recommending the Iceland solution!
Something to do with, "The .... giveth and the .... taketh away".
? strange .... does not equal banksters, go figure.
I think that is today's song of the day and soundtrack to this whole Cyprus and when extended EU banking mess.
https://www.youtube.com/watch?v=g5GrSPUAj4E
How fitting, Queens Of The Stone Age.
Dont want to go back there again...
'Cyprus Church Loses EUR100 Million, Curses Those Responsible'
_Curses_?
Didn't read one myself, but 'They will grow five eyes, and their ears will fall off', if it actually happened, would be pretty impressive.
Humans put lots and lots of psychic energy into churches, mosques, synagogues, even if they are not true believers. When government fucks with those institutions, that energy gets released and things get real very quickly. Expect the pace to accelerate as that religious energy hits the psychic bloodstream of Europe.
Are you suggesting a Crusade through Brussels ?
I'm down with that, maybe the christians and muslims can work together this time...
No, people are going to use that freed up energy to create local economies based on local resources. Religion as we know it will be re invented.
Mgr. has to thank Greece and their corrupted polito-public (self)- servants for the mess and Brussels for their long term cover up...Russian money laundering is a completly different issue...
Have them also put a curse on Bernanke and the Fed banksters for outright robbery.
loled so hard @ "Curses those responsible"
"- to send invitations to the heads of various Russian companies on the island."
Hohohohoho. Yes indeed. Send invitations, you know they'll want to "punish" anyone even perceived to be responsible too.
One thing a lot of people don't understand about Eastern Europe and the Balkans (we'll take a big leap and lump Cypress in with the Balkans for our purposes here) are the deep deep ties the region has with the Byzantine Empire. Serbs, Russians, Ukranians, Greeks, Cypirots, Bulgars, etc....all have more historical connections than most people realize, use the same Alphabet (or modifications), and practice a much more conservative form of Christianity than what is practiced by those who inherrited a legacy from Western Rome.
Perhaps the Cyprus church could sell indulgances to the bankers to get their 100 million back? The central bankers need a lot of indulgance.
I think the statements made that the church should have no money is a lot of drivel. Unless of course we overlook the story of Joseph.
In any case the true test of the Church in Cyprus lies ahead as it deals with the seven years of lean cows that it now faces.
The bishop could always threaten them with his unlucky left handed blessing. My uncle the monsiengor threatened that a lot and it often worked.
Oh please, Jeebus! Why didn't you prevent this?! It's like you're not even there!
So it is official, the average citizen, the church, and the mafia are all lastingly angry at the EU bankers. I picture 3 hungry lions on an island with one rabbit.
I don't know but did the church ever paid taxes over their posessions? Churches are often big land owners and owners of real estate. Did they pay taxes or were they exempted from paying tax?
This is a golden opportunity for the church to reconnect with Christ cause Christ was poor, didn't have any posessions and defended the poor and the downtrodden. So give up all your wealth and live like Christ!
Finally, a church is trying to run the money changers out of the temple, although too late in this case.
Can one imagine the wrath unleashed on the banksters, if all the Christians (and Jewish? And Molems?) of the world considered fractional reserve banking and interest/usery to be worse than abortion or gay marriage?