http://www.guardian.co.uk/world/2013/mar/16/cyprus-savings-levy-imposed-eurozone
Here is another article. This may be the biggest mistake made since the idea of borrowing all of the money in the first place. It sets a bad precedent and will set off (STARTING MONDAY) runs on banks anywhere in Europe that has a serious government debt problem. They actually are taking 6.6% of peoples savings with less then 100k Euros and 9.9% of peoples savings with more.
They have broke the trust in banks in Cyprus for at least 20 years, and maybe in other parts of Europe as well.
It may not get reported but I am sure all over Europe, ATMS are gonna be out of cash for a while.
Topic: Cypriot bank deposits hit in €10bn bailout - page 8. (Read 20096 times)
Read about it here http://www.ft.com/cms/s/0/33fb34b4-8df8-11e2-9d6b-00144feabdc0.html#axzz2Nh4PjXyG.
They took money out of every bank account. Now, that's a first AFAIK.
I would say bitcoin is needed more than ever to save oneself from all those banksters.
They took money out of every bank account. Now, that's a first AFAIK.
I would say bitcoin is needed more than ever to save oneself from all those banksters.
Would anyone kindly copy the entire article and put it here or on a pastebin ? That silly site asks for free registration and then you can read a whopping 8 articles for free every 30 days after that.
Type in cache: before the URL
http://webcache.googleusercontent.com/search?q=cache%3Ahttp%3A%2F%2Fwww.ft.com%2Fcms%2Fs%2F0%2F33fb34b4-8df8-11e2-9d6b-00144feabdc0.html%23axzz2Nh4PjXyG&aq=f&oq=cache%3Ahttp%3A%2F%2Fwww.ft.com%2Fcms%2Fs%2F0%2F33fb34b4-8df8-11e2-9d6b-00144feabdc0.html%23axzz2Nh4PjXyG&aqs=chrome.0.57j58j59l2j60l2.1937&sourceid=chrome&ie=UTF-8
Read about it here http://www.ft.com/cms/s/0/33fb34b4-8df8-11e2-9d6b-00144feabdc0.html#axzz2Nh4PjXyG.
They took money out of every bank account. Now, that's a first AFAIK.
I would say bitcoin is needed more than ever to save oneself from all those banksters.
They took money out of every bank account. Now, that's a first AFAIK.
I would say bitcoin is needed more than ever to save oneself from all those banksters.
Would anyone kindly copy the entire article and put it here or on a pastebin ? That silly site asks for free registration and then you can read a whopping 8 articles for free every 30 days after that.
Borrowed from somebody earlier in the topic:
Read about it here http://www.ft.com/cms/s/0/33fb34b4-8df8-11e2-9d6b-00144feabdc0.html#axzz2Nh4PjXyG.
They took money out of every bank account. Now, that's a first AFAIK.
I would say bitcoin is needed more than ever to save oneself from all those banksters.
They took money out of every bank account. Now, that's a first AFAIK.
I would say bitcoin is needed more than ever to save oneself from all those banksters.
When i read it today, i simply couldn't believe it.
They just took people's money. Just stole it. Just like that.
THIS IS UN-FUCKIN-BELIEVABLE. Is the system really already starting to crash ?
Oh noes, the ATM networks is forked! 
-MarkM-
The Euro just forked. There is Euro on bank account in cyprus and there is Euro cash on hand or in Germany. -MarkM-
Their exchange rate is not 1:1.
Quote of the year
I am wondering why it wouldn't've been easier to just print moar money, thus taking it out of all deposits, whether in trouser pockets, under mattresses, in banks,in the back of the glove-compartment, wherever.
Because they are using euro, so they can't print on their own will?
I know the end result is true, but you make it sound as if bitcoin people are plundering cypriots' bank account.
The funny thing is that I got transfered to a Western Union add when accessing this meme pic .
No thanks WU, I have got better options
. 
THIS is very strange!!
Is this a EZB / IMF ad campaign for bitcoin?
Whats the next step in destroying worldwide confidence in fiat?
(btw, the fed makes also a very good job. $85 billion per month - LOL)
Is this a EZB / IMF ad campaign for bitcoin?
Whats the next step in destroying worldwide confidence in fiat?
(btw, the fed makes also a very good job. $85 billion per month - LOL)
More importantly, as of this morning Europe has finally grasped that there is a 6.75% to 9.9% premium to holding physical cash in your mattress rather than having it stored with your local friendly insolvent bank.
Great observation.
They key is that they have reneged on deposit insurance. I think this is the beginning of the end of most modern fiat currencies. For all we know 2013 could enter the annals of history as the year of bank runs.
Unbelievable. The politburo in one go violated 2 articles of their sacred Human Rights, the one about property and the one about racial discrimination. Nicely done! Hitler would be proud.
They are not even trying anymore to steal money from population stealthily via inflation, they just take their annual cut outright in one go in this case.
I am surprised that BTC is not at 80$ on the Cyprus news yet.
How long does it take to transfer 90% that left in a Cyprus's banks to mtgox these days?
If I had any money in Cyprus, Ireland, Italy, Portugal, Spain, Italy or actually also in Netherlands, France, UK, Germany, US and while I am at it in any other country I would be converting it promptly into Bitcoin and PM's because this one time Cyprus thing is guaranteed to become two and tree time thing before long. Luckily I have no any notable amount money in any of those countries, so I can relax and buy some more popcorn.
They are not even trying anymore to steal money from population stealthily via inflation, they just take their annual cut outright in one go in this case.
I am surprised that BTC is not at 80$ on the Cyprus news yet.
How long does it take to transfer 90% that left in a Cyprus's banks to mtgox these days?
If I had any money in Cyprus, Ireland, Italy, Portugal, Spain, Italy or actually also in Netherlands, France, UK, Germany, US and while I am at it in any other country I would be converting it promptly into Bitcoin and PM's because this one time Cyprus thing is guaranteed to become two and tree time thing before long. Luckily I have no any notable amount money in any of those countries, so I can relax and buy some more popcorn.
I'm on the better fork.
Oh noes, the ATM networks is forked!
-MarkM-
The Euro just forked. There is Euro on bank account in cyprus and there is Euro cash on hand or in Germany. -MarkM-
Their exchange rate is not 1:1.
This should be engraved in golden letters somewhere. The Euro is forked. How about zero hedge and ars technica do a story with that headline?
Oh noes, the ATM networks is forked!
-MarkM-
The Euro just forked. There is Euro on bank account in cyprus and there is Euro cash on hand or in Germany. -MarkM-
Their exchange rate is not 1:1.
Oh noes, the ATM networks is forked!
-MarkM-
The Euro just forked. There is Euro on bank account in cyprus and there is Euro cash on hand or in Germany. -MarkM-
Their exchange rate is not 1:1.
This is huge news. Cracks in the EU facade inevitably reappearing.
Preview of ccoming attractions in Spain, Italy?
Next week should see some interesting volatility in financial markets.
Another catalyst for continued move into BTC and metals.
Now, more than ever: be your own bank.
Preview of ccoming attractions in Spain, Italy?
Next week should see some interesting volatility in financial markets.
Another catalyst for continued move into BTC and metals.
Now, more than ever: be your own bank.
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