Cyprus surprise - Cypriot depositors to take a 'haircut'

grizzly1911

Thrugelmir wrote: »

Was.

Bubble's burst.

Lots of people that gambled personally are being looked after though.

grizzly1911

Thrugelmir wrote: »

So you would be happy to contribute yourself?

That the UK's contribution (your tax) to to the IMF is paid to Cyprus to keep their banks afloat.

We had no say in the "loans" to Ireland.

I am sure the UK is contributing to Greece, Spain and Italy to a greater or lesser extent.

John_Pierpoint

Thrugelmir wrote: »

UK mortgage holders are still paying for the UK's bail out of savers.

Better than being on the street, a mortgage is repayable on demand, if push really comes to shove.

dryhat

Stealing people's money straight out of their bank accounts which they thought were safe is one way of getting people's attention.

And now you've got their attention they are starting to question the whole idea of banking and realised that wholesale theft and coruption has taken place on a grand scale not just in cyprus.

This small island could be the first "domino" that brings it all down hopefully.

Graham_Devon

Thrugelmir wrote: »

UK mortgage holders are still paying for the UK's bail out of savers.

And savers are paying a heavy price for UK mortgage holders.

socrates

From t'internet

There's a bit of a rumor circulating around few of the editorial desks in Washington DC, New York, and Los Angeles, concerning an Op-ed that someone at the BUSH INSTITUTE is trying to get released.
It hasn't been picked up yet, but my source tells me it's just a matter of time before someone runs with it.

It sounds like a bit of Conspiracy Theory to me, but it basically runs along these lines:

Apparently, it's no coincidence that Israel has apologized to Turkey at this specific time, when Cyprus is on it's knees, exposed and vulnerable to eyes of the entire world.
The USA, EU and Russia were actually anticipating that Cyprus would make the initial decision it made to vote against the bailout deal. All part of some grand scheme concocted in a US "Think Tank" with cooperation from both Turkish, Russian and European counterparts.

It had already been decided that Russia would deny Cyprus assistance if the Cypriots asked, and as we see, this is exactly what has happened.

The agenda, according to this rumor that's going around, is that the EU, knowing that Cyprus is becoming more and more desperate, will continue to up the ante on its demands from the Island, and along with US back room collaboration, will use the financial crisis as a leverage to impose a pro-Turkish, partitionist plan to bring the Cyprus problem to a close.

The Natural Gas is one of the key factors in all this, and there are already proposals in the works to have the gas transported to Europe through Turkey.
Israel, whose relationship with Turkey is now expected to re-stabilize and strengthen further, will be playing a key role in convincing Cyprus that it's time to accept an Anna Plan type package deal, that has actually been in the works for some time now.

Basically, the story indicates that Cyprus had been played like a little pawn, and the Cypriots have been extremely predictable in their responses.

Like I said, this is a rumor that's been circulating, but I wouldn't be surprised if the media starts running with it.

Conspiracy Theory? It sounds like it to me, but you never know.

dryhat

lusitania?

bay of tonkin?

pearl harbour?


(google them if you don't know what I'm on about)



As I said yesterday, a serious geopolitical situation is brewing here.

These crazy people will see children starving in the street and take us to war before exposing the theft and corruption in the banking system.

And any excuse will do.

antrobus

Graham_Devon wrote: »

...The politicians were happy to do this. Not so sure that Cypriots themselves can be blamed and therefore charged for the problems. ....

I'm not so sure it matters one way or another. Whether people pay any attention to what their politicians are up to doesn't change the fact that they end up paying the price when it all goes pear-shaped.

dryhat wrote: »

Stealing people's money straight out of their bank accounts which they thought were safe is one way of getting people's attention.

It's fairly certain that the average Cypriot is far better informed regarding the true state of affairs regarding their banks than they were this time last week.

dryhat wrote: »

This small island could be the first "domino" that brings it all down hopefully.

I imagine if this 'small island' does crash and burn that it will be an object lesson in why we should all wish to avoid that scenario. The Bolshevik Revolution (for example) brought it all down as well. Killed millions and wiped out over half of Russian GDP.

dryhat

antrobus wrote: »

I imagine if this 'small island' does crash and burn that it will be an object lesson in why we should all wish to avoid that scenario. The Bolshevik Revolution (for example) brought it all down as well. Killed millions and wiped out over half of Russian GDP.

Which small island are you talking about?

antrobus

antrobus wrote: »

....Plan B needs to be a corker.

Can't say I'm impressed so far.