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Cyprus deal

Quite scary the EU is advocating seizing a percentage of deposits over $129,000 (with today's exchange rate) to avoid getting booted from the EU. It would be quite interesting to see how this played out in France, UK, Germany, etc.

by Anonymousreply 4412/10/2014

R1 is a fucktard

by Anonymousreply 203/25/2013

R1 speaks the truth.

by Anonymousreply 303/25/2013

The Cyprus govt. plans on taking upwards of 40% from every account that has over $130,000 and the EU is perfectly fine with this.

They were even going to target accounts under 100,000 until some reminded them of that certain picky federal bank guarantee.

by Anonymousreply 403/25/2013

Are they trying to create a run on the banks everywhere??? Taking 40% of the whole sums or from the profits? And anyway, when people put their money there they basically signed a contract with certain terms as did the bank, they can't change it now as they please, can they? Would something like that even hold in court?

by Anonymousreply 503/25/2013

The banks won't open until MAYBE Thursday, so that's about 12 days the banks have been closed with VERY VERY LIMITED access to ATMS that have a withdrawal limit.

People can't even get their own damn money.

by Anonymousreply 603/25/2013

Yet we don't need guns to protect ourselves from the govt.

by Anonymousreply 703/25/2013

This will come to America too.

by Anonymousreply 803/25/2013

Yes it will.

by Anonymousreply 903/25/2013

Really R4 ? That $100,000 is an FDIC guarantee as in the US government, having nothing to do with banks in Cyprus. I guess since you morons haven't gotten any traction with Benghazi you are now trying to conflate Cypriot banks with American ones. Go back to Fox News freeptard.

by Anonymousreply 1003/25/2013

If I had any extra cash right now I would definitely sock a lot of it away at home.

by Anonymousreply 1103/25/2013

R10 - You should read. The action in Cyprus takes anything over the equivalent of $130k (roughly with exchange rate) well over the insured deposits in the United States. Any deposits over $130k USD are subject to a seizure of 40%.

Translation: If you have $200k in the bank (poverty level) you are subject to having 40% of 70,000 taken from your account without any personal consent.

You should go back to reading See Spot Run - clearly your intellect level.

by Anonymousreply 1203/25/2013

Yes, R7, guns will stop the government from electronically removing money from your bank account.

by Anonymousreply 1303/25/2013

google it, moron at r10

by Anonymousreply 1403/25/2013

I decided to do it for you, asshole!

**** The revised accord spares bank accounts below the insured limit of 100,000 euros ***

by Anonymousreply 1503/25/2013

Duh, r13....

Don't put the money in the bank in the first place; let the govt come and try to take it.

by Anonymousreply 1603/25/2013

Keep multiple accounts with less than 200k in the USA.

Also growing concern over US government trying to sink it 's claws in our 401ks. Don't think it is in the near future but with Obama you never know.

by Anonymousreply 1703/25/2013

I mean its our 401ks

by Anonymousreply 1803/25/2013

R16, do you understand that if we stopped using banks, the economy would collapse and make a dictatorship almost inevitable? And if it was just one person, they'd blockade your home and wait you out. Or a hundred other scenarios to do whatever the fuck they please.

The government does not give a shit about anybody's guns. With the tools at it's disposal, the government could impose a dictatorship at will and pick off the gun enthusiasts at any rate it feels necessary.

If you think your gun will protect you from the government, you are dreaming.

by Anonymousreply 1903/25/2013

R17 if you believe that you have to know Obama will be the one making the grab.

by Anonymousreply 2003/25/2013

The first Cypriot accord, reached March 16, fell apart 3 days later when the parliament in Nicosia rejected a key plank,

a tax on ALL bank accounts that sparked the indignation of smaller depositors.

by Anonymousreply 2103/25/2013

somethings are worth dying for.

And, with each death, anger and the masses will grow...

couple that with a few military thefts(help from the inside) and you never know.

by Anonymousreply 2203/25/2013

Ok, who are you people with the Wayne LaPierre-paranoia?

by Anonymousreply 2303/25/2013

If the govt does not give a shit about anybody's guns, then why are they trying to take them?

Hell, we saw what commotion a little bitty riot in LA could cause.

Magnify that by say 100,000 and let's just see how the govt would be able to handle it!

by Anonymousreply 2403/25/2013

Sorry, R24, but you are crazier than a shithouse rat.

by Anonymousreply 2503/25/2013

Check out Maddow's face when Bill Maher tells her that rich people from California actually do pay their fair share.

Said over 50% is outrageous, said liberals could "actually lose me here."

Hmmm... seems to me that's the same thing California resident Phil Mickelson said.

by Anonymousreply 2603/25/2013

I don't think you guys are well-read on the issue. The EU is angry that Russians use Cyprus for offshore banking. Since their banks are almost entirely comprised of deposits (mostly in offshore accounts) and have little debt to write off, the most sensible thing would be to place a levy on deposits. Remember, deposits are not risk-free ventures. We have insured checking accounts up to 250k. The same can't be said for Cayman banks.

by Anonymousreply 2703/25/2013

You sound a little scared r25.


So, hopefully, our govt doesn't think it can do whatever it pleases!

by Anonymousreply 2803/25/2013

You may be on to something, there, R28. Gun nuts are scary, just not to the government.

Now go jack your little dick and think about Waco.

by Anonymousreply 2903/25/2013

Rachel Maddow is such a pompous blowhard

by Anonymousreply 3003/25/2013

Figures r25 rubs it hard when thinking of Janet Reno

by Anonymousreply 3103/25/2013

You've completely missed the point which isn't surprising since some of the media, BBC included, are presenting this as if one should have sympathy for Cyprus.

Cyprus is nothing more than a tax haven. Why should the EU, i.e., Germany, bail out a bunch of tax-dodging, non-resident Russian oligarchs with their tax payers money? Cyprus never should've entered the EU and just maintained their own currency for their tax haven purposes. The Cyprus people - few that there are - should have put a stop to this years ago. But it was great when their island stood to benefit from it.

The EU, again Germany, is just calling them out on it. If they want to maintain EU membership they need to put an end to these practices. It's only fair that the tax dodgers pay up and, in a sense, the EU is retroactively seeking those taxes (even if, I suppose, they belong to Russia).

Nobody is being treated unjustly here. The amount that triggers the 40% tax is most likely well above what most native Cyprians have in their savings account. It's all off-shore businesses. That's why they had to keep the banks closed because if the tax dodgers had a moment to withdraw their funds, Cyprus would be left holding a 6B bill to the EU that they could never pay.

This isn't going to happen any place else. Tinhats!

by Anonymousreply 3203/26/2013

[quote]The amount that triggers the 40% tax is most likely well above what most native Cyprians have in their savings account.

Nobody knows that for sure.

by Anonymousreply 3303/26/2013

[quote] Yet we don't need guns to protect ourselves from the govt.

You really think a bunch of pea-shooters can defeat the US military?

by Anonymousreply 3403/26/2013

Thanks, R27 and R34, for explaining this action.

by Anonymousreply 3503/26/2013

A couple of ex-members say that Scientology has some offshore money in Cyprus too, or at least they did at one point - maybe the cult will be taking a 40% haircut.

by Anonymousreply 3603/26/2013

[quote]Keep multiple accounts with less than 200k in the USA.

The standard deposit insurance amount is $250,000 per depositor, per insured bank, for each account ownership category.

The FDIC insures deposits that a person holds in one insured bank separately from any deposits that the person owns in another separately chartered insured bank.

For example, if a person has a certificate of deposit at Bank A and has a certificate of deposit at Bank B, the accounts would each be insured separately up to $250,000. Funds deposited in separate branches of the same insured bank are not separately insured.

by Anonymousreply 3703/26/2013

Well, my money's safe!

by Anonymousreply 3803/26/2013

Savings accounts in Spain, Italy, and other European countries will be raided if needed to preserve Europe's single currency by propping up failing banks, a senior eurozone official has announced.

by Anonymousreply 3903/26/2013

why are threads on cyprus being deleted?

by Anonymousreply 4003/29/2013


The USGov just started Negative interest rates this week.

Fascism creeps...

by Anonymousreply 4112/09/2014


by Anonymousreply 4212/09/2014

EU is still stuck on austerity policies. Won't work.

by Anonymousreply 4312/10/2014

Where the f*** is Cyprus?

by Anonymousreply 4412/10/2014
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