Here you go downfall parody on cyprus https://www.youtube.com/watch?v=K5R2JyU_MKg . Hitler is not too happy again...
where's the part about Bitcoin? 
Bitcoin was discussed on another meeting... http://www.youtube.com/watch?v=NeT8LeP8s3M
Topic: Cypriot bank deposits hit in €10bn bailout - page 3. (Read 20096 times)
Bitcoin was discussed on another meeting... http://www.youtube.com/watch?v=NeT8LeP8s3M
The damage is already done ... in confidence based fiat currency it is enough to merely have the knowledge that authorities are considering seizure of deposits to precipitate the withdrawals.
Even if the eurocrat creatures totally did a u-turn on the theft/tax of bank deposits and opened up the Cyprus banks for regular trading on Tuesday the run has already started because the knowledge is now out there.
Even if the eurocrat creatures totally did a u-turn on the theft/tax of bank deposits and opened up the Cyprus banks for regular trading on Tuesday the run has already started because the knowledge is now out there.
Agreed. We will know by the end of next week.
its called "the straw that breaks the camel's back".
Here you go downfall parody on cyprus https://www.youtube.com/watch?v=K5R2JyU_MKg . Hitler is not too happy again...
where's the part about Bitcoin?
Your money is as save in banks as ever, keep calm and do not panic.
LOL
there should be a meme of the former iraqi information minister saying this.
Here you go downfall parody on cyprus https://www.youtube.com/watch?v=K5R2JyU_MKg . Hitler is not too happy again...
from http://www.dailymail.co.uk/news/article-2294388/Cyprus-bailout-Osborne-vows-protect-Britains-armed-forces-Cyprus-cash-machines-EMPTIED.html
Hey pips stop worrying it has nothing to do with deposit insurance. It is a tax. Fiuiu... and I thought there will be bank runs all over EU on Monday and Tuesday. But nothing to worry about. Your money is as save in banks as ever, keep calm and do not panic.
Quote
HOW CAN THEY DO THAT?
Currently, all 17 European Union countries that use the euro offer deposit insurance to protect customers if their bank fails. But the measure in the Cyprus deal is a tax - not losses incurred because of a bank failure. In fact, it's meant to hold off a bank collapse. Countries have the right to raise or lower taxes whenever they want. Just ask the residents of Greece, Portugal and Ireland - all bailout recipients - who saw their tax bills skyrocket as those countries tried to reduce their debts. But Cyprus is charting new ground here, and there could be legal - and political - challenges.
Currently, all 17 European Union countries that use the euro offer deposit insurance to protect customers if their bank fails. But the measure in the Cyprus deal is a tax - not losses incurred because of a bank failure. In fact, it's meant to hold off a bank collapse. Countries have the right to raise or lower taxes whenever they want. Just ask the residents of Greece, Portugal and Ireland - all bailout recipients - who saw their tax bills skyrocket as those countries tried to reduce their debts. But Cyprus is charting new ground here, and there could be legal - and political - challenges.
Hey pips stop worrying it has nothing to do with deposit insurance. It is a tax. Fiuiu... and I thought there will be bank runs all over EU on Monday and Tuesday. But nothing to worry about. Your money is as save in banks as ever, keep calm and do not panic.
They will get away with this as they have always done. Why? Because next week there will be 10000+ news about other financially bad situations and people will be blown into overdrive and thus keep on working hard to make up for the lost money.
Yeah so this one new in particular made a bit more headlines. Does anyone seriously think we will debate this in 1 months time?
However, doing something about this right now should be buying Bitcoins, I think we can all agree on that. But will everyone in Cyprus do it? Hell no, only few will while the rest will just get by as they have always done. Bitcoin is the least of the their concern right now and understanding this while they are desperate wont happen. Sad, but that is the world we live in.
Yeah so this one new in particular made a bit more headlines. Does anyone seriously think we will debate this in 1 months time?
However, doing something about this right now should be buying Bitcoins, I think we can all agree on that. But will everyone in Cyprus do it? Hell no, only few will while the rest will just get by as they have always done. Bitcoin is the least of the their concern right now and understanding this while they are desperate wont happen. Sad, but that is the world we live in.
You are right, but If there is a financial incentive for people to buy bitcoins gold / silver they will especially the people with more to loose, that is if these depositors are aware of Bitcoins existence, we need someone that reads writes the language to publish an article somewhere where they are likely to see it.
This actually is an attack on the Russians as many russians have large deposits in Cypruss, I'm sure some men close to Putin are probably very angry at this pillaging.
They will get away with this as they have always done. Why? Because next week there will be 10000+ news about other financially bad situations and people will be blown into overdrive and thus keep on working hard to make up for the lost money.
Yeah so this one new in particular made a bit more headlines. Does anyone seriously think we will debate this in 1 months time?
However, doing something about this right now should be buying Bitcoins, I think we can all agree on that. But will everyone in Cyprus do it? Hell no, only few will while the rest will just get by as they have always done. Bitcoin is the least of the their concern right now and understanding this while they are desperate wont happen. Sad, but that is the world we live in.
Yeah so this one new in particular made a bit more headlines. Does anyone seriously think we will debate this in 1 months time?
However, doing something about this right now should be buying Bitcoins, I think we can all agree on that. But will everyone in Cyprus do it? Hell no, only few will while the rest will just get by as they have always done. Bitcoin is the least of the their concern right now and understanding this while they are desperate wont happen. Sad, but that is the world we live in.
The damage is already done ... in confidence based fiat currency it is enough to merely have the knowledge that authorities are considering seizure of deposits to precipitate the withdrawals.
Even if the eurocrat creatures totally did a u-turn on the theft/tax of bank deposits and opened up the Cyprus banks for regular trading on Tuesday the run has already started because the knowledge is now out there.
Even if the eurocrat creatures totally did a u-turn on the theft/tax of bank deposits and opened up the Cyprus banks for regular trading on Tuesday the run has already started because the knowledge is now out there.
Agreed. We will know by the end of next week.
The damage is already done ... in confidence based fiat currency it is enough to merely have the knowledge that authorities are considering seizure of deposits to precipitate the withdrawals.
Even if the eurocrat creatures totally did a u-turn on the theft/tax of bank deposits and opened up the Cyprus banks for regular trading on Tuesday the run has already started because the knowledge is now out there.
The run has begun, get out of anything to do with euro. it is no sin to panic early in these situations. The ECB is totally out of touch and out of control, it is an epic example of why centralised systems can be bought down through simple mistakes, by the powerful at the center. Bitcoin should observe and learn well ....
Edit: People saying Cyprus is small island probably don't realise that it has order of EUR60 billion in deposits. This is quite large, and the people who have money now locked up there, i.e. think Roman Abramovic, etc Russian billionaires and other powerful people are not going to react the same as your average Joe Schmo on the street and just take it up the ...
Even if the eurocrat creatures totally did a u-turn on the theft/tax of bank deposits and opened up the Cyprus banks for regular trading on Tuesday the run has already started because the knowledge is now out there.
The run has begun, get out of anything to do with euro. it is no sin to panic early in these situations. The ECB is totally out of touch and out of control, it is an epic example of why centralised systems can be bought down through simple mistakes, by the powerful at the center. Bitcoin should observe and learn well ....
Edit: People saying Cyprus is small island probably don't realise that it has order of EUR60 billion in deposits. This is quite large, and the people who have money now locked up there, i.e. think Roman Abramovic, etc Russian billionaires and other powerful people are not going to react the same as your average Joe Schmo on the street and just take it up the ...
"European officials said it would not set a precedent." - from http://www.reuters.com/article/2013/03/17/us-cyprus-parliament-idUSBRE92G03I20130317
although, to be fair, the sarcasm tags are mine.
More "news". Apparently (according to NOS) the seizure is changed to a forced stock purchase in the banks of 3.5% of amounts under 100k Euro and 12.5% of amounts above 100k euro. Furthermore these stocks will be backed by future gas sales (whatever that means).
Amazing!
Hey, Juncker said you gotta lie when you gotta.
http://www.reuters.com/article/2013/03/17/us-cyprus-parliament-idUSBRE92G03I20130317
Looks like they may change it to a more soak the rich deal. Either way, touching bank deposits directly is poison and even a small (greater then 1%) tax on deposits will change banking forever where it is done.
Looks like they may change it to a more soak the rich deal. Either way, touching bank deposits directly is poison and even a small (greater then 1%) tax on deposits will change banking forever where it is done.
Quote
European officials said it would not set a precedent.
Ah great. Our European officials don't even understand the word precedent. Seriously, ....
http://www.reuters.com/article/2013/03/17/us-cyprus-parliament-idUSBRE92G03I20130317
Looks like they may change it to a more soak the rich deal. Either way, touching bank deposits directly is poison and even a small (greater then 1%) tax on deposits will change banking forever where it is done.
Looks like they may change it to a more soak the rich deal. Either way, touching bank deposits directly is poison and even a small (greater then 1%) tax on deposits will change banking forever where it is done.
More importantly, as of this morning Europe has finally grasped that there is a 6.75% to 9.9% premium to holding physical cash in your mattress rather than having it stored with your local friendly insolvent bank.
Great observation.
+1 exactly !
so, perhaps the Cayman Islands is next?
I sure would be sweating it if I had money in Greece. Is there a reliable and current source for bank deposit flows in Greece?
only Greece?
perhaps it's spelled: PIIGS
or perhaps: PIIGSUSA
It's a frog-boil, I think.
Those guys are so used to doing things incrementally that I doubt they'll break the habit, even for something like this.
So yeah: Greece. Then PIIS. Then the rest of the EZ (except Germany, of course). But probably not the US: here, I think they'll just keep stealing by printing money and giving it away to the banks and Wall Street.
I wonder when the first names of bankers, politicians and super-rich are being leaked, who got exclusive beforehand knowledge of what's going to happen on thursday already so they could get their money out by friday.
That's what happened in Argentinia in 2001.
Joe
once again, US politicians set the bar.
they are allowed to frontrun their political decisions in the stock market. so why not Cyprus?
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