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"I Went To Sleep Friday A Rich Man, I Woke Up Poor"
Another non-Russian, non-oligarch, non-billionaire, non-tax-evader speaks up...
So much has been written of the Cypriot bail-ins and massive haircuts for the uninsured depositors - assumed to be nasty oligarchic Russian money-launderers - that, it appears, the reality for people living in Cyprus has been forgotten. We noted earlier the small business issues, but as the Sydney Morning Herald reports, real lives have been destroyed. 65-year-old John Demitriou retired (back) to the picturesque fishing village of Liopetri, Cyprus, with his life-savings of around $1 million living off the interest it paid from Laiki 'Popular' Bank and spending it on his grandchildren. He was in no hurry to invest it; to spend it on big purchases.
Then, after being told just last week by his bank manager, "there's no problem, nothing to worry about," he so painfully notes, "I went to bed Friday as a rich man. I woke up a poor man," as Laiki's depositors over EUR100,000 were devastated thanks to the bail-in. The Australian Department of Foreign Affairs notes, "there is no need for special measures," to help John (or the other 5000 Cypriot-Australians on the island) as he exclaims, "it's not Russian money; it's not black money; it's my money."
''Very bad, very, very bad,'' says 65-year-old John Demetriou, rubbing tears from his lined face with thick fingers. ''I lost all my money.''
John now lives in the picturesque fishing village of Liopetri on Cyprus' south coast. But for 35 years he lived at Bondi Junction and worked days, nights and weekends in Sydney markets selling jewellery and imitation jewellery.
He had left Cyprus in the early 1970s at the height of its war with Turkey, taking his wife and young children to safety in Australia. He built a life from nothing and, gradually, a substantial nest egg. He retired to Cyprus in 2007 with about $1 million, his life savings.
He planned to spend it on his grandchildren - some of whom live in Cyprus - putting them through university and setting them up. There would be medical bills; he has a heart condition. The interest was paying for a comfortable retirement, and trips back to Australia. He also toyed with the idea of buying a boat.
He wanted to leave any big purchases a few years, to be sure this was where he would spend his retirement. There was no hurry. But now it is all gone.
''If I made the decision to stay, I was going to build a house,'' John says. ''Unfortunately I didn't make the decision yet.
''I went to sleep Friday as a rich man. I woke up a poor man.''
His money was all in the Laiki ''Popular'' Bank which was the main casualty of Cyprus' bailout package set by the European Union. Laiki is to be dismantled. Savings of less than €100,000 are to move to the Bank of Cyprus. Anything more than that will almost certainly be wiped out as the bank is wound down, its remaining assets taken by the bank's creditors.
Last week he heard a rumour that the bank was in trouble and went into Aiya Napa to ask his bank manager - a friend - if he should move his life savings.
''There's no problem, nothing to worry about,'' he was told.
Not so. ''I go to bed and I can't sleep. I walk around, I have a coffee. I am thinking about my family.''
John's tears flow. As he chokes up, his son George, who moved to Cyprus in 1990, explains.
''The whole family, we used to work at the markets. I would work at the markets on the weekend to help my parents while my mates were off having fun. Honest work in honest jobs. Now all that hard work is paying the debts of other people and the government. It's disgusting, to be honest.''
George says he can start again - if things get worse he and his family might move back to Australia.
''But not my dad. He can't go back to Australia. He is not allowed to fly because of his heart, and anyway where would he live? He has no house. He will have €100,000 left to live off. Soon he's not going to have a cent to his name.''
John has a thin hope. His money was sitting in the bank in Australian dollars instead of euros, so he wonders if it would be exempt from the bank's collapse. But the bank's doors are closed, so he doesn't even know to whom he should put that argument.
''For the moment I am 'sitting on charcoal', as they say,'' waiting to see if he gets burnt.
''It's not Russian money, it's not black money. It's my money.''
There are almost 5000 Cypriot-Australians on the island. Most are - or were - self-sufficient veterans of the 1950s engineering boom or the 1974 war who came back to retire or to be with family (John is looking after his 90-year-old mother).
This week Britain stopped paying pensions into Cypriot accounts, advising expatriates to open a British bank account instead.
Australia's high commission in Nicosia has already fielded inquiries from dual nationals seeking advice on their pensions. They were told to set up different payment arrangements, a spokeswoman for the Department of Foreign Affairs and Trade said.
''We expect the main impact will be for Australians who have invested large sums in Laiki Bank or the Bank of Cyprus,'' she said. ''There is no need for special measures at this stage.''
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Guns don't kill people, Awake pissed off and lied to Americans kill banksters?
Name 3 or 2 or even 1 bankster killed by anyone, anywhere, by any means in the past 3 years for the motives outlined herein.... specifically because the bankster was a JPM, or Goldmanite or central banker working to save thier job, thier company or themselves at the expense of the sheeple.
obama's a fuckin' criminal.
You didn't save that.
Actually they used thousands of guns.
What can your little guns do when the government starts droning you with missiles ?
It's called a war of attrition. Ask the Afghans. And the benefit of any civil war is its proximity to the politicians who call the shots. Make an example of a few of them and it throws a wrench in their plans.
Even the Afgans have leadership and loyalty to a cause. "Civilized" people have no loyalty to such ideals nor any leadership to focus their hate like demonstated by the Muslims.
"Civilized" people? You talkin about Americans? Texans?
All that "civilization" is a very thin veneer that will slough off like used Kleenex once people get hungry. It's not looking too good for the likes of Jamie Dimon and that orc Blankfein. Eventually people will get a sense of who's to blame. When they do, you don't want to be in the banking business, no matter how prudent you've been.
http://privat.bahnhof.se/wb907234/killuav.htm
http://www.instructables.com/id/RF-Jammer/
http://www.navigadget.com/index.php/2007/01/29/homemade-gps-jammer
I'd say you just made The List, buddy, but you probably made The List a while ago just from being on this site.
Mine can make the family of at least one stormtrooper very sad.
Looks like my farm is a freeway
https://www.youtube.com/watch?v=ZmJO2hc3Xh4
"His money was sitting in the bank in Australian dollars instead of euros, so he wonders if it would be exempt from the bank's collapse."
Sadly, there is no way to distinguish the nationality of ones and zeros. Bits are bits....
I think a part of the big deposits was related to getting resident status. This is a back-door way to get EU status.
At this point its caveat emptor. The risks are out in the open. Ignore at your own risk. For now, my physical silver and gold are doing fine. Hopefully nothing goes wrong out on the lake tomorrow...the risks we take!
This is such a horse shit response. "payroll ain't met by gold or silver" dipshit but by trust with one's banker. We're not talking funny money here...this is supposed to be "the best reserve currency next to the dollar." stealing like some tin pot dictator in the third world? Wow. "how creative!" no wonder Wall Street is soaring. The might be messing around with trillions...but that because they know the meaning of ONE dollar. "and insodoing are wizened to the ways dictat." Cyprus is a bad credit? Really? "why steal from depositors then?" I'm so pissed off right now. It makes me think of that scene when the Americans land on Omaha Beach and the mg-40 is mowing us all down and the medic is screaming "just me a god damn chance will ya!"...to no avail of course. "Boy...I can't wait for the green shoots to take hold." I'm sorry but in Obama and Kerry and Hagel we trust. This is total bullshit.
The best bankster analogy in that opening scene is when they finally knock out the pillbox and as the burning gunners are spilling out the one guy on the beach shouting "Don't shoot em! Let em BURN!"...
We banksters didn't steal all those poor suckers' life savings --- somebody else did that.
There, fixed it for you... :-)
Bankster future Version: " I went to sleep Friday a rich man, I never woke up with that hole in my head."
"Went to sleep on Friday. Woke up Monday to find that I'm now immortal: now I never have to sleep, bitchez!"
From Dawn of the Living Banksters
Cypriot dream bankster version: "I went to sleep Friday a rich man, and woke up bent over a chair while a line of 500 pissed off villagers took turns ass raping me."
"I went to bed on Friday and woke up dead."
Crikey mate.
coming soon to an american bank near you.
got rope?
300 million guns.
I don't usually make that argument here. But honestly ...
300 million guns, people.
Yes I know, Lloyd Blankfiend and Jamie "cufflinks" Dimon and Ben "print monkey" The Bernank and all the other big poobahs of banking would be untouchable. But come on ...
300 million guns. Fer Christ's sake.
I just cannot see the government going after US savings or even 401K. It would turn into about eight kinds of bloodbath, bank lobbies on actual fire, bank tellers dragged into the streets and hanged. In under 24 hours.
Let's leave the tellers out of it.....only ignorant leftist scum would go after the tellers. Let's stick to the guilty parties.
Sorry but the tellers are on the front lines this time. Absolutely innocent, agreed, but they will be the ones the fat oligarchs are going to push into the crowd as they then shove their own lard asses into the chopper on the roof.
You and I can try to turn the crowd around, point out who is really behind it. But they'll want blood for their losses, and they'll take whose ever they can take, and they won't allow revenge to become complicated.
The bank tellers are doomed. They need to find another line of work, or failing that be ready to run for their lives.
Maybe keep a "Guy Fawkes" mask folded up in their purse in case a clean getaway is needed. . .
I think that a splendid idea.
The oligarchs won't be there to push the tellers into the crowd. The fat oligarchs will be in hiding, and they must be ferreted out. We don't need an immoral French revolution where anyones blood will do. If the OWS types start going after tellers I'll be shooting them. Defend the innocent. Punish the guilty. We must keep "revenge" out of it, and go for justice.....not trial type justice as the judges and lawyers are bought and paid for but we must protect the innocent. Keep the bloodthirsty "someone" must pay crowd out of it. The someone always turns out to be an innocent teller type. Those types are the ones that burn down their own city down because a thug gets shot by a cop....Molon Labe.
Why would it be the OWS crowd? I think the MSM must have got to you.
And the Leftists won't be the ones to go after the bankers with a rope. It will be the anarchists, and you find those guys down at the biker bar getting drunk on Coors Lite.
The anarchists are the ones NOT participating in the madness that is this System. Most true anarchists shouldn't have much tied up in the system.
If you see folks in black garb doing damage that would be the Agents Provocateurs, whose job it is to "lobby" for MOAR Homeland "Security."
"They" would be ready for 300 million guns. How many rounds of stockpile I mean ammo were recently purchased by Homela. Sec. I thnk it was? 1 billion? I believe they are counting on the shit hitting the fan in exactly such a way one day.
Those rounds don't shoot themselves you know. What can they muster from "private loyal crack stormtroops"? 5K? 10K tops? I don't mean National Guard living in the suburbs with kids in college. I mean hard core Xi-trained unfit-for-marriage sociopaths who would shoot people in the head for $10,000/day and like it. But only if they don't shoot back. 1,000 of those pukes walk the entire earth. Tops. And they'll be hitting the ground in the middle of 300 million guns?
That bunch of pussies? Are you shitting me?
Oh wait. They could bring out the US Army. Yeah they need something to do right? Well guess what homiez, there are about a dozen 5-star generals itching for a reason to declare martial-fucking-law in the current environment. You'd have a military government in 72 hours of the request
No that is not how it is going down this time. Once it sparks, the jig is dammit up. Go ahead, kid yourself. I don't think California (just for starters) would hold together 24 hours if the lid really came off. The cops would either turn their coats and join the mob, or be beat to death in the first 12 hours. The National Guard will walk into a cyclone made of fucking knives and head back to their barracks to call the wife and make sure she and the kids are home safe.
For fucks sake.
What are people afraid of? Shitting drones is it now? DHS bought an ass load of bullets? Oh teh noe not actual bulletse I iz feared now.
Stop watching Tee Vee it's rotting your minds. Seriously.
We are men -- those of us that are not angry women. They try to ruin us, they are done for. They try to take the country from us, they are done for. They try to make us fear-slaves to their mind controlling MSM drug, they are done for. They come at our families and homes they better be ready for pain because they will be eaten alive and I don't mean just around the edges, I mean right through.
That's how it is people. That's how it's going to be.
Anyone thinks otherwise is welcome to our special little corner of history called The Second US War of Independence.
I can't predict the future and wont even try to. Only time will tell. Btw, I dont even have cable. You are barking up the wrong tree if you think I am the type to believe every thing I read or that I am in any way afraid or confused cause I visit infowars too often. I don't.
What angry women? Since 9-11, my name was NothinsAsItSeems. I was on a message board from that day on devoted to finding out just what unfolded. There is urgency in our voices and for the life of me, I cannot understand how this has been allowed to continue.
I was referring to what the poster said about angry women
Gimme a HELL YEAH!
We have seen what has happened.
We have seen what has been planned for the future.
When will we do something about it?
I am fascinated with our passivity...
Shut up and eat your legally protected GMO popcorn.
Bank collapse cuts off EBT cards .... all bets are off. I would gather within a few days there would be mass rioting.
Hungry, frightened people turn out to be unpredictable and hard to manage.
If I may quote the prophet:
A hungry man is an angry man.
A hungry mob is an angry mob.
and you cannot stop a starving man with a machine gun
You cannot stop a hungry man with a length of rusted pipe.
I can tell you ain't hungry enough. Cuz really when you are hungry shit ain't all that complex.
Look out, it's another Friday and we are all going to sleep tonight.
Nothing will change until:
1.) The Establishment arrests, tries, convicts and jails Bankers (and central bankers) for looting the financial system; of
2.) If #1 is not an option, the public get fed up and start lynching the Establishment and Bankers.
3.) Regulation of the money supply is returned to a public board, answerable to the public.
Could have stopped at "Nothing will change," unfortunately.
This guys story is sad. Fucking Mother FUCKING BANKERS.
So, when does the revenge commence?
............I'm waiting here!
Good-hearted people really don't want to kill anyone. Some snap but mostly it takes training to overcome that natural reluctance.
I think that once folks start having trouble putting food on the table, they'll turn into monsters right quick.
Monsters with ready access to 300 million guns.
I ain't the only one think'n it. And I don't think there is any natural force in the entire natural world going to stop it once it starts.
300 million guns, and 14 rounds of ammo.
See, we thought of everything.
/sarc
The cops and mercs will be bringing all the guns and ammo anyone needs.
The first thing they will figure out is, they armed everyone else when they armed themselves.
Pellagra. Symptom: aggression.
Agreed Bastiat, which is why when the shit hits the fan, those with training take the lead and keep the people like the OWS crowd in line. Those idiots were attacking people in restaurants, and yes, bank tellers. OWS just wants mayhem.
No, according to Bruce Krasting this guy got just what he deserved, as we obviously need to punish the innocent along with the guilty in order to satisfy the sociopathic banksters, for whom no sacrifice of wealth or freedom is too much.
Although, I must admit that this man was in fact guilty of one thing, namely rampant stupidity, for idiotically leaving his entire life savings of one million dollars not only in one place, but in one fucking bank. "Fools and their money ....."
This is why inheritence taxes are illogical. There is no reason to believe that a fool and his money will not soon be parted.
As a human I feel for the guy. Just as I would feel sorry for somebody who walked into traffic without looking both ways.
But for 60 years it was a one way street and nobody told him that changed . . .
Blaming the victim? When he/she was pushed into the tarp set by the ponzi machine???
I came here to post this same thing. Shame on BK for going along with the propaganda flow that this was dirty money.
Bruce wants to see old farts starve, that's his main gig.
Well thats the future and the present. Theft of your savings by the Eurotrash to prop up their Euro dream, people need to wakeup and smell the coffee this is but the beginning of the Nightmare.
Many who think themselves infinitely superior to the aberrations of Nazism, and sincerely hate all manifestations, work at the same time for ideals whose realization would lead straight to the abhorred tyranny.
- Hayek
That's the disadvantage of not having 50 million firearm owners.
That's the disadvantage of not having 50 million firearm owners.
That's the disadvantage of not having 80 million firearm owners,fixed it for ya.
I think if I was this poor soul I would be paying my bank manager 'friend' a little visit real soon, and only one of us would be walking out of that meeting.
Seriously, never put a man with a family in a situation where he has nothing to live for. You're only forcing him to act rationally.
Wondering what the final straw will be to snap someone's back. It's not as if these common people that are being devestated are stupid, It's because they are decent that nothing has happenned yet.
Where is the Justice?, they might ask! - Tick.... tock.... tick.... tock....
This one is for Bruce Krasting... Fair, right ? Not even talking about all the small businesses who will fail because of this robbery.
i doubt whether bruce has had to live in the "real" world where the raison d'etre of every part of life is questioned daily...can't assume the auto pilot is taking you to the right place, that's for sure.
Bruce K. still deserves to be raked over the coals here for his repulsive, dishonest and outrageously malicious support for and rationalization of the bankster-led rape of Cyprus.
People WILL pay for this in one manner or another .......Thiefs
just heart breaking .what can you say
... They raped the RefcoFX accounts to unwind the commodity ponzi, but I didn't trade spot forex with what I thought was one of the largest and most reputable futures brokers in Chicago. So it didn't matter to me - but I knew some people that got wiped out.
Then they took the MF Global accounts, but I didn't have an account with them, but knew a friend that lost his pension and has since sufferred two heart attacks - moved to Europe for health care reasons.
Then they took the PFG accounts - (Peregrine Financial Group), but I had transferred my account a few years earlier for better rates, but some other friends of mine accounts are locked up.
I hope that I am wrong , but seems the stage has been set... I fear it's just a matter of time... retail equity accounts are next.
I am SO glad I listened to the stories of my late grandparents.
My grandmother had her life's savings of $1,000 in the bank, and heard there was a run on it, and went to the bank to get it out.
She was told to come back the next day, and the money would be ready for her.
The next day, the bank was closed for good, her money gone for good.
She hammered into me from a very early age: NEVER. TRUST. THE. BANKS.
I lost sight of that from about 1999 to 2007, but after 2008, everything she said began to come back as a whisper, and now it is screaming at me.
I can't thank my late grandparents enough for the wisdom they shared with me.
But but but, this time is different!!! We have insurance and stuff!!!
OUR Government did not do this. We are reminded indeed "they could have." So what's Europe excuse? Obviously if you're a Cypriot banker or bank employee you're not happy. This was done by the GOVERNMENT. Who's the beneficiary again?
9 Trillion in deposits insured with a few billion at the FDIC and the gum chewing American's FILTHY IGNORANCE!
You got some good blood.
waiting for a day when instead of bitcoin, gold is up as a safe haven
I think I would have a long conversation with my bank "friend" that only one if us would walk away from.
There must be some mistake, Mr. Georgiou said . . . Oops
Beyond disgusting. Outrageous and heartbreaking.
(/sarc on) He got what he deserved by working hard and saving.... instead of pissing his money away! (/sarc off)
They better hope he doesn't have a gun!
. . . or a glass bottle, a rag and some gasoline.
The most likely bad outcome, given the situation there, is he goes to a public square with a gallon of gasoline and sets himself on fire.
" I went to sleep Friday with the illusion that I was a rich man and woke up to the fact I am a stupid sheep with a rich man fucking me from behind"
Trust is the glue holding societies together. When it's gone...
... you get to go back and try it another way, but with way fewer bankers.
I wonder if the banking system is near the end of it's natural life on earth. I don't think these guys or their spawn or their ways are going to survive in the wind-down to a world made by hand. No, I think they will not.
That was my take-home from the "Gold is Money" cartoon: Debt-based, fractional reserve fiat banking necessarily leads to a deflationary collapse that can only be temporarily masked by hyperinflationary printing.
Once the natural resources/energy/technology required to fuel exponential growth falters, the interest on the debt can no longer be paid and the collapse begins. The coming end-game was baked into the cake from the beginning.
Of course the first domino in our present situation - global depletion of easy resources, will only compound the pain.
Yup yup. Only so many ways you can cut it. The thought experiments just coming to the same sticky end.
Sooner or later these bankers will steal from the wrong guy. Maybe some guy with only a few months to live who was planning to give that money to his kids. That guy is going to go on a one way trip to Brussels and settle the score with as many of those fucks as he can get his hands on. That will be a good day.
I thought that the MFG theft would result in at least one ex-specops guy (the US midwest has plenty) coming out of retirement on behalf of his screwed over brother or father. But nothing . . . yet.
I agree with you Bastiat, I thought that'd happen as well. You know what though? That cocksucker Corzine is keeping a pretty low profile these days as well. Don't be surprised if he comes out of hiding for any length of time that he catches a round in the head. My guess is he spends the rest of his days looking over his shoulder.
And then? Oh, they'll be able to have armed guards and FRISK you. Another excellent opportunity to expand Homeland "Security" (and feed the parasitic security industries).
When will people wake up. This country, the fuckee, is sacrificing itself to save the fucker, European Union.
A phrase taken from a popular joke. To say someone is "in the barrel" or "taking a turn in the barrel" means it's their turn to do an unpleasant task or to suffer an unpleasant experience. The joke is as follows:
A sailor on a Navy ship had been out to sea for weeks, and was beginning to go through sex withdrawals. Fed up with the lack of sex, he asked one of his shipmates what he did when the pressure was too much to take.
"Well, there's a barrel with a hole in it near the mop storage. When it gets to be too much for us, we use that."
So the sailor went over to the barrel and decided to give it a go. Finding it was better than he'd expected, he began using it regularly, and his problems seemed to vanish.
After a couple of weeks, his commanding officer began to take notice, and said, "You seem to be a lot more relaxed. What's your secret?"
The sailor, embarrassed to give a straight answer, simply said he'd been getting better rest.
"Well good, sailor. You're going to need it," replied the officer. "Today's your turn in the barrel."
When the 'cut' was about deposits above €15.000
We would have articles about bankers and politicians hanging
Fucking cowards cut the 10% to prevent the masses uprising
Financial fascism, and nothing else
In a better world, the banksters would find that they could run but they couldn't hide.
Seriously, the first thing I thought when the news started was, "OMG! Small-medium businesses are cooked, huge numbers of people are going to lose their jobs within a month, savers and pensioners will be devastated - WHY THE FUCK AREN'T CYPRIOTS RIOTING?"
If you can buy people off with Euro300/day (which is their own money to boot!), they deserve what they get.
Main impact for INVESOTRS in "xxx" bank. You are not a depsitor, you are an invesor... muppet!
A million dollars in idle savings? Now that money can be deployed in more productive ways:
- Lap dances in Amsterdam for EU officials
- Social services
- Spending of any sort in fact is added to GDP and makes us all wealthier
Sucks for him, but thanks to the paradox of thrift, we know that this is all for the best. The lesson here is: don't save, spend. On credit preferably.
He, and all the other assraped Cypriot savers, can always go out and break some bank windows, venting their rage against the system while increasing GDP in the process. Really, it's a win-win.
Excellent idea akak. I'll bet that's on the top of his agenda for next week. He may want to invest in a cheap boat, and a lead anchor as well. ( He sold jewelry, so He might have some metal tucked away that needs sinking)
Acacian?
The Pension Question: Dead-Beat Synchronization?
…and the answer is YOUR OWN children. Labor’s pension is its children, which is exactly what nature expects. Don’t come steal from my bank, to enforce your middle class pension Ponzi, to protect and serve capital, and expect me not to have an adequate response.
Those slick a-holes in expensive suits hiding in that brand new shiny office building, behind a cute little feminist secretary, making reservations for lunch with capital, are not labor. Labor is the old man that makes or breaks jobs. He gets on the job before anyone else and leaves after everyone else, appearing to be in many places simultaneously. If you see him leaving the job, you may as well pack up your tools. Your first hint is when the job momentarily shuts down. Don’t wait for the third point on the parabola.
I don’t care what public, private, or non-profit corporation you enter, the result always boils down to your answer to the pension, payout, parachute, whatever question. Labor doesn’t require a mob for protection. Laborers have everything they need in their head. Only a school graduate thinks there are no original thoughts, oxymorons building their own prisoners dilemma.
Those gaps between the middle class event horizons were built by labor. They can be collapsed, expanded, deleted or increased at will, to set the appropriate example. Someone, somewhere, has to do something, to transform capital, which will defend itself to the death, of the middle class. If you have to employ reverse psychology to get anything done, you are dealing with the empire, make-work.
So, I no sooner sit down and out come the cigarettes, food, and…the grandmas, telling me that the homeless “hot team” is shaking them down, to sign their pensions over in return for housing they supposedly have an equal right to…
What these idiots are incapable of understanding is that many of these ladies worked in the yards during WWII. Once they are gone, the passive aggressive mob, thinking it is protected by the US Navy, is going to find that it has completely and utterly f-ed itself. Grandma can still weld better than most of these Yahoos.
You know, a june bug has three tempers…if you don’t like this speed…wait until you get a good look at the next output gap to be bridged. With one exception, grandmas are the nastiest critters on the planet.
Just completed WIA orientation with a young feminist, who suggests that I go back to the beginning of the first line, of lines to wait in line, under her supervision, to be guided into a job, in an increasing line of cheaper state pension ponzi gatekeepers to federal money. Air control to Major Tom…They are so dead ignorant, you can only laugh or cry. Suit yourself, but having my own daughters taken by legacy family banking law, to ensure this outcome, I suggest you put yourself in a position to laugh.
So, I crisscross the nation for two years, to find the brightest young woman bred under this regime, give her a free ride across the gap I have been developing for decades, and she jumps back into the nucleus five times over the course of three years, training young men globally to make the jump in the opposite direction.
“[W]hen the outer loop is closed, the inner loop oscillation ceases, and the entire servo system becomes stable and delivers the desired performance... Expert knowledge of servo transient behavior in the linear region will not help the servo designer...[will not] insure servo stability when saturation takes place.” Given an eye in a system, which part is the donut and which is the hole? Which is Cyprus, Germany, & the US?
The Cloud will saturate/implode and emit lightning, as designed by labor. You'll have that.
^^ Did anybody read this?
I tried, but am still not sure what it was that I read.
Maybe it's like those people who love Phish, and it all makes more sense if you're high as a kite.
careful where you put your investment; there is no place left to hide, not even for the oligarchs the middle class so painfully protects for the promise of a pension, sellin out its own children and parents in the process.
where will the cloud strike next? (you might take a look at vortex math)
o-o-o-o, and it just got quantumly uglier. that's gotta hurt. I love Friday responses.
Brevity is an art and a science...
No
I mean red arrow
Damn!
ZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZ...
You love lamp.
Elegantly obvious.
Suckers, someone has to be stuck holding the bag!
German weekly magazine Der Spiegel is reporting (wiith reference to local and Greek media) that Cyprus banksters bought MPs and authorities on a very large scale.
Tee Shirt: My Uncle Went to Cyprus and All He Got Was An Empty Bank Account
Tee Shirt: "Modern Slave" or "Contemporary Slave" sounds more Sophisticated - European, No?
The(Popular) banker that lied to John should be crucified! The European banking system is toast. I suspect withdrawals out of the EU are going to accelerate at 'break neck' speed. Even citizens of countries that aren't immediately vulnerable have got to be un-nerved.
I pulled all my (non essential) cash out of U.S. banks, a couple of weeks ago.
The greedy fucker got just what he deserved for working his ass off for his entire life, slowly building up a very modest sum of money that might, MIGHT, last long enough to see him through IF he is lucky enough to not have to spend it all on medical bills. Well he can always sign up for welfare, eat cat food, and force his grand-kids to pony up their fair share in care taking costs for another bankster created burden on society..........
Continued degradation of the work ethic. Those who have worked and saved for their financial security rather than relying on their government for such have now officially been punished. They are labeled as the "rich" at best and criminal underworld's at worst. Let the world continue to punish the producers and reward the gamblers and consumers and see what we get…the big fat Zero. Nobody is going to work anymore than they absolutely have to, as there is no apparent reward in it. To have anything that would appear as wealth, discretionary money, or savings as some would think of it, is to put a target on your head, the USDA stamp of approval for public consumption. Eat the rich!
This is the actual wall against which the current monetary and economic systems have run up on.
Productiion is failing. Resource limits are beginning to make themselves felt. Working capital is evaporating. People are starting to sense that their efforts have no actual future.
And then, it's gone.
The CBs can print like mad bastards at that point, but they'll be pushing on a string from there forward. People are simply going to give up on it.
I don't know what people will come up with in the aftermath of this failure. But they've come up with everything that came before, and they'll come up with something else afterwards.
Color me optimistic, but I suspect "monetary policy" won't be invited to that party.
Who is Jon Galt?
Brings new devalued meaning to " You Snooze, You Lose!"
Double Post
difference between people who create value and those who spend it
socialism in its most reprehensible form...eurocrats are socialists and would rather take this guys money and then spend it back on his welfare..hopefully he has an ozzie pension form the tax he paid there
What about the assets of all these crooked politicians and bankers in Cyprus ? Surely they did not share the same "accident"
You know, I am tempted to say it is his fault, he's an idiot for not paying attention. But I know so many people just like him, even my parents doing exactly the same thing. Even after this, I get the "It won't happen here, you are paranoid" Sigh...
I was arguing and fighting with my elderly mother even today in order to have her restructure and move various of her assets in order to avoid exactly this same sort of scenario. Of course, I am an "alarmist" and "extreme" for doing so. Yeah, and having your life savings mostly wiped out would be rather "extreme" as well.
Why do most people refuse to see all of the innumerable warning signs staring them straight in the face? I mean, my God, how did our ancestors ever even survive, much less prosper, if this modern-day complacency and sheepishness is representative of the nature of our species? "Oh, those sabertooth cats only live in the next valley over ---- they will never come here!" "Those glaciers will stop moving in this direction one of these days; I'm sure it will all work out for the best". Etc. etc.
Be relentless akak. It took me 2-3 years and a lot of charts to convince my Mother to move cash into metal and other hard assets.
I used charts and graphs to explain various scenarios. When the curve from left to right is decending, they catch on really quick.
I've written my family off. They don't care about anyone but themselves.
I've written your family off, too.
Shadows and Dust
Both of my parents grew up in the depression and never trusted the banks. They deposited but never anything more risky than a two year CD. They ultimately lost by playing it so conservatively, but when I asked my dad why he had never invested, he told me that after watching the madness over the years he never thought it would last. Its good to be carrying on tradition!
Always look forward to your posts :-)
Not sure why people find such enjoyment in sticking their heads in the sand...
My father, recently passed, once smirkingly looked at me as asked who would buy the gold that I had (this was before my tragic selection of boating as a hobby!). Years before this, however, I seem to recall that he'd gotten out of money markets (I know that I warned him of this, though it's been several years and I don't recall whether it was me that was the influence).
I gave up talking to my brother about any of this. He'd admitted that things were coming down the pipe, but decided to stuff his head into the sand (sand-trap - golfer) by stating that he didn't think that it would happen in his lifetime (he was just "retiring").
At some point one has to conserve one's energy for walking and quit with the talking (consuming precious energy trying to convince those who enjoy the sandy views).
I am so lucky that my current wife is totally on the same page`with me.
This story should wake up the sheeples, but we all know it won't. America's day is coming.
The sheeples will never hear about it. Not good for them, you know.
Anyone giving odds on whether Canada can continue to hold on until after the US does its next swan dive? Canada has done an amazing job of keeping things just under the boiling point. I'd figured that there would have been significant signs of hemorrhaging before now. (their latest budget doc, however, DOES seem to contain elements that suggest that all is not so warm and fuzzy)
How to make friends and influence people ... euro-style!
Very trendy.
I bet he wishes he had some gold.
Yeh and a million euros worth
I worry about the combination though, islanders and PMs, seems that boats almost certainly have to enter this equation. Sharks in the water...
Fractional Reserve Banking...
At every step of collapse from the beginning until now, the expedient option has been to prop it up, support the system and so it's grown. Now laying waste to entire nations, to continents.
It simply needs to be stopped. Put down.
You mean Fictional Reserve Banking.
Some how my mind took your Fictional and created.
Frictional Reserve System
The sure way to stop something up is to 'increase the friction' in the economic gears until it 'locks up tight'.
Yep, The Friday night party bar tab. SOme of his buddies spent it like drunks in Cyprus.
Yep, The Friday night party bar tab. SOme of his buddies spent it like drunks in Cyprus.
The U.K. might be screwed up, but at least she wasn't stupid enough to join the EU.
Ummm, EMU you mean?