Taxes are not retroactive. This is criminal.
http://www.foxnews.com/politics/2013/03/19/california-businesses-fuming-over-retroactive-120m-tax-grab/
Topic: Cyprus Agrees 30% Tax On Bank Deposits (Read 2855 times)
Taxes are not retroactive. This is criminal.
http://www.foxnews.com/politics/2013/03/19/california-businesses-fuming-over-retroactive-120m-tax-grab/
Taxes are not retroactive. This is criminal.
Well the very worst that an happen is money collapses and people start bartering with goods and services.
That form of economy is as old as teh earth.
That form of economy is as old as teh earth.
This will bring about large suffering, for the reason people don't make goods any more. They are produced in such intricate factories/production chains/networks, whose productivity is fully dependent on the ease of monetary transactions. Making a pencil, for example, takes 80 procedures, and nobody masters them all. If you would 10-double the loss in every stage when making the pencil, the pencil would be 10 times more expensive, and our living standard would take a 90% hit.
Well the very worst that an happen is money collapses and people start bartering with goods and services.
That form of economy is as old as teh earth.
That form of economy is as old as teh earth.
Japan, New Zealand, the rest of European piglet dominoes. These crises will come thin and thick from all directions now it seems.
This is the story of your enslavement.
A fun little video to spread around if you ever get the chance
A fun little video to spread around if you ever get the chance
From the world cia factbook:
Cyprus
Narrow Money (Cash on hand)
$14.73 billion (31 December 2011 est.)
Broad Money (Money in banks, savings, etc.)
$56.25 billion (31 December 2011 est.)
hmmmmmm.. how much of that will want to turn into bitcoin?
Cyprus
Narrow Money (Cash on hand)
$14.73 billion (31 December 2011 est.)
Broad Money (Money in banks, savings, etc.)
$56.25 billion (31 December 2011 est.)
hmmmmmm.. how much of that will want to turn into bitcoin?
Today they are seriously discussing 40% tax for some deposits... I'm just... Can't watch this requiem for private property in Europe...
Hey, sorry - This is the beginning of the private property: from now on we don't pay the bankers any more, and sure some depositors will lose, but who said that the banks are to be trusted in the first place? This is a great and good revelation of what the banking business is all about.
Today they are seriously discussing 40% tax for some deposits... I'm just... Can't watch this requiem for private property in Europe...
It is like IMF is intentionally trying to break EU. I see no other sane explanation to their stance.
That and/or crash dive the Euro.
It is like IMF is intentionally trying to break EU. I see no other sane explanation to their stance.
The situation in Cyprus is crazy! 
Savers lose their savings, mortgagers lose their homes...
0.01% maybe have all the money and all the property, but 99.99% still have guillotines.
Meh, they will be used against the messengers, such as you and me. Nothing new under the sun.
Savers lose their savings, mortgagers lose their homes...
0.01% maybe have all the money and all the property, but 99.99% still have guillotines.
Savers lose their savings, mortgagers lose their homes... And at the end everyone goes working for food.
And now governments are just punishing those savvy people who didn't jump into the abyss of mortgage (financial slavery), but carefully saved they money until they can afford something to buy and own it for real.
The mortgagetakers' end will be even worse
What will happen in the next few days: Businesses dealing cash only ( is happening already) Employers not paying wages by cheque or bank transfer. Employees demanding being payed in cash or goods. A bank run to some degree so they have to shut down ATM's and tellers. in a few days shipping of goods and supplies to Cyprus stops as there is no functional banking system and shippers worrying about getting payed.
At the end of the week, empty shelves in the supermarkets. The Euro on par with the Dollar. European American and Asian leaders scramble by short notice to the "shit happens summit" where the Chinese and Russians agree to to lend in return for the Eurozone opening it's borders completely for Chinese goods and businesses.
The 300 year era in which westen Europe was the hub of trade ends.
At the end of the week, empty shelves in the supermarkets. The Euro on par with the Dollar. European American and Asian leaders scramble by short notice to the "shit happens summit" where the Chinese and Russians agree to to lend in return for the Eurozone opening it's borders completely for Chinese goods and businesses.
The 300 year era in which westen Europe was the hub of trade ends.
Yeah, possible. I think I maybe should go to safe mode and cease all bank operations effective next week.
Not too long ago, in mid-Oct 2008, I remember lines of people withdrawing their accounts in a Finnish bank. I was actually depositing some EUR 15,000 for some of my metals sales, and it was getting heated because (as we all know) the bank did not have enough cash at hand. From the end of the line, I offered to deposit first, so that they could be paid. The people looked at me in disdain and did not give way. When it was my turn, the clerk was sweating and seemed grateful for my deposit. He forgot to fill the antimoneylaundering papers, poor guy had a helluva day.
And now governments are just punishing those savvy people who didn't jump into the abyss of mortgage (financial slavery), but carefully saved they money until they can afford something to buy and own it for real.
What will happen in the next few days: Businesses dealing cash only ( is happening already) Employers not paying wages by cheque or bank transfer. Employees demanding being payed in cash or goods. A bank run to some degree so they have to shut down ATM's and tellers. in a few days shipping of goods and supplies to Cyprus stops as there is no functional banking system and shippers worrying about getting payed.
At the end of the week, empty shelves in the supermarkets. The Euro on par with the Dollar. European American and Asian leaders scramble by short notice to the "shit happens summit" where the Chinese and Russians agree to to lend in return for the Eurozone opening it's borders completely for Chinese goods and businesses.
The 300 year era in which westen Europe was the hub of trade ends.
At the end of the week, empty shelves in the supermarkets. The Euro on par with the Dollar. European American and Asian leaders scramble by short notice to the "shit happens summit" where the Chinese and Russians agree to to lend in return for the Eurozone opening it's borders completely for Chinese goods and businesses.
The 300 year era in which westen Europe was the hub of trade ends.
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