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DOOM ALERT: People Are Freaking Out In Europe of the Cyprus Bailout As EU Move To Seize Funds Directly From Bank Account Holders! Cyprus Banks May Be Closed Due To Fear of Bank Runs.


Great example of how the people of freaking out

Best 2 mins of freaking out I’ve seen in a while!


This is insane

Osborne vows to protect Britain’s armed forces in Cyprus as cash machines are EMPTIED and 60,000 British savers face losing millions in 10% bank account tax

Read more:

http://www.dailymail.co.uk/news/article-2294388/ATMs-emptied-Cyprus-savers-learn-10billion-euro-bailout-agreement-includes-levy-bank-accounts.html#ixzz2Nnck1g7q

One furious customer reportedly parked his digger outside one such branch in the seaside resort of Limassol, claiming the government had “tricked” him into believing deposits were safe.

Cyprus – which accounts for just 0.2 per cent of the combined eurozone economy – is the fifth country to secure a debt rescue package from its eurozone partners in the three-year debt crisis.

Read more:

http://www.smh.com.au/world/cyprus-shellshocked-over-eurozone-bailout-20130317-2g8db.html

Germany And IMF’s Initial Deposit Haircut Demand: 40% Of Total

http://www.zerohedge.com/news/2013-03-16/germany-and-imfs-initial-deposit-haircut-demand-40-total

 

Saxo Bank CEO: “This Is Full-Blown Socialism And I Still Can’t Believe It Happened”

It is difficult to describe the weekend bailout package to Cyprus in any other way. The confiscation of 6.75 percent of small depositors’ money and 9.9 percent of big depositors’ funds is without precedence that I can think of in a supposedly civilised and democratic society. But maybe the European Union (EU) is no longer a civilised democracy?

I heard rumours about this when I visited Limassol last week, but dismissed them as completely outlandish. And yet, here we are. The consequences are unpredictable, but we are clearly looking at a significant paradigm shift.

This is a breach of fundamental property rights, dictated to a small country by foreign powers and it must make every bank depositor in Europe shiver. Although the representatives at the bailout press conference tried to present this as a one-off, they were not willing to rule out similar measures elsewhere – not that it would have mattered much as the trust is gone anyway. It is now difficult to expect any kind of limitation to what measures the Troika and EU might take when the crisis really starts to bite.

http://www.zerohedge.com/news/2013-03-16/saxo-bank-ceo-full-blown-socialism-and-i-still-cant-believe-it-happened

EURO ZONE ORDERS CYPRUS TO SEIZE 10% OF BANK ACCOUNTS

http://www.reuters.com/article/2013/03/17/us-cyprus-parliament-idUSBRE92G03I20130317

ATMs drained as bailout tax triggers run

http://www.theage.com.au/world/atms-drained-as-bailout-tax-triggers-run-on-bank-deposits-20130317-2g8rx.html

Cyprus Banks may be Closed until wednesday or till the end of the week if necessary Fear of Bank Runs

 

There Is No Surer Way To Destroy A Banking System Than Giving Depositors A Haircut

No, not that kind of haircut.

I’m talking about the kind of haircut where depositors lose a portion of their money. This can destroy confidence in a fractional reserve banking system, as depositors in other banks and other countries fear that they too might be forced to take a haircut, leading to mass withdrawals, leading to illiquidity.

http://azizonomics.com/2013/03/16/there-is-no-surer-way-to-destroy-a-banking-system-than-giving-depositors-a-haircut/

CONFISCATION: Panicked Europeans Rush ATMs as Leaders Move To Seize Funds Directly From Bank Account Holders

You read that right.

The European Union has made the determination that the people of Cyprus are now responsible for the hundreds of billions of dollars in bad bets made by their government and bank financiers, and they are moving to confiscate money directly from the bank accounts of every citizen in the country.

http://www.shtfplan.com/headline-news/confiscation-european-leaders-move-to-seize-funds-directly-from-bank-account-holders_03162013

 

http://www.welt.de/wirtschaft/article114516322/Zypern-prueft-laengere-Schliessung-von-Banken.html

“Fear of a run on the banks: Cyprus government is the island’s banks also hold still closed on Tuesday to forestall a run on the banks. This Cypriot state radio reported after the end of a cabinet meeting in Nicosia on Sunday morning.

The government would close the bank if needed to be longer, there should be no decision in Parliament on the controversial special levy on all bank accounts of the island, the report said. On Monday, the banks are closed for a holiday. ”

http://translate.google.de/translate?sl=auto&tl=en&js=n&prev=_t&hl=de&ie=UTF-8&eotf=1&u=http://www.welt.de/wirtschaft/article114516322/Zypern-prueft-laengere-Schliessung-von-Banken.html

 

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  • Mayer Rothschild

    I would say that this is the domino that they(Rothschild bankers) want to start. They didn’t have to do this they could have continued to print money from the fed to bail out Cyprus Et Al. They want the collapse to start, so they started it.

  • Paul

    The working people of the West just don’t get it. They (the Bankers, or whatever you want to call them) own the actual wealth and from it they give us monopoly money that they create for us to chase around and fight over. We don’t own it. It isn’t our money, they just grant us the use of it to keep us quiet and occupied. They can pull it back and manipulate it whenever and however they want. What we own is the natural wealth of the planet. This is what they have stolen for themselves. How did this happen? We let them by not knowing. We opted for a civil society. They took this to be weakness and inattentiveness.

    • bodica

      And how did they acquire the wealth? By the creation of boom bust economies whereby the ‘pee-on’ works his tuckas off to create prosperity for his family -as is the promise of bona fide capitalism. However – Enter the Imperial Banksters! They create an artificial bust, during which prices and values plummet. They then acquire properties and businesses at rock bottom prices, close down their competition, and once sated, start the positive messages to inspire a new ‘boom,’ and pater familias gets down to digging a new ditch, blasting a new mine, building a new business, inventing a new…well…you got it by now! And we buy into the illusion that the Federal Reserve is ‘working for us!’ Not Federal but Private. ECB, Banks of England and Ireland are not government, not of the people but Private, owned by the same ‘emperors’ as the Fed Reserve.

  • Discordian

    I see this news at various sites being posted with the expected rhetorical question, ‘Could it happen here? In the U.S.?”

    Remember M.F. Global and Jon Corzine? The judges in that appeal case (which absolved the criminal Corzine in question) ruled that the banks would be the first to be covered in the event of any financial crisis, since they were the “secured party.” In other words, our CRIMINAL BANKSTER U.S. GOVERNMENT has ALREADY laid down the bullshit “legal framework” for such confiscations here. No money in any bank is safe, not really.

    Act accordingly.

  • http://www.facebook.com/joelizak Joseph Lizak

    Wow all great comments, and I agree that the banksters want to start the collapse now, for some reason the timing is right. The FED could have bailed them out like every other Tom, Dick and Harry, but they decided not to. Why. Hmmm. During the coming caous ( i can’t spell freekin ca-os) and bank runs, look for the main plan from Israel and US to start, and that’s the bombing of Iran or North Korea.

    • bodica

      And Turkey panting to over run the EU.
      AfterTurkey -

  • Johns

    Learn from ancestors – buy gold and silver coins – Bankers do not have any control over it

  • bodica

    Methinks someone wants to start a war.