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Topic: Cyprus Agrees 30% Tax On Bank Deposits - page 2. (Read 2899 times)

donator
Activity: 784
Merit: 1000
March 23, 2013, 03:17:09 PM
#5
This strategy is old as world - Steal everything, then lend them back a little part of stolen.
Financial slavery is just being established.
donator
Activity: 1722
Merit: 1036
March 23, 2013, 03:10:43 PM
#4
Ouch, a lot of people's retirement fund / business money is about to take a large drop.

Feel really bad for the general public in Cyprus, they are being punish, for the fault of others for the most part.
This Legalised theft will make a dark shadow over the Euro and Banking industry for a long time.
It might never recover or regain the public's trust. Really stupid move.

This is the right thing to do. The banks only hold about 8% of what the people have put in. The rest they invest. When the investments go sour, the depositors take a hit. The banking megasystem is responsible for the global malinvestment of the last 100 years, and the chickens are coming home to roost. The artificial depressing of interest rates is the main tool, whose use has gone terribly wrong.

If all the banks in the world will fold as a result, we are going to see quite unimaginable suffering, before the distribution channels of real goods adapt to the new monetary conditions. Something that for most of us, has never happened in our life, since most of us weren't around during WWII.




sr. member
Activity: 476
Merit: 250
Keep it Simple. Every Bit Matters.
March 23, 2013, 02:59:53 PM
#3
Ouch, a lot of people's retirement fund / business money is about to take a large drop.

Feel really bad for the general public in Cyprus, they are being punish, for the fault of others for the most part.
This Legalised theft will make a dark shadow over the Euro and Banking industry for a long time.
It might never recover or regain the public's trust. Really stupid move.
donator
Activity: 784
Merit: 1000
March 23, 2013, 02:57:53 PM
#2
Unluckily, Cypriots cannot buy bitcoins as all their bank accounts are frozen  Angry
legendary
Activity: 1162
Merit: 1008
March 23, 2013, 02:51:56 PM
#1
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