If I was a benevolent dictator of Cyprus, I would buy a bunch of bitcoins quetly, order a shitload of ASIC miners and adopt Bitcoin as reserve currency while using a state issued currency (Drahma?) in interim. Though risking US/Turkish invasion is not a small feat.
There was recently one benevolent dictator who did not push his people into debt to international bankers, held lots of gold, and worked on gold-backed pan-African currency. Armed rebelion was organized and supported by several powerful countries, and he and most of his familiy was ultimately murdered.
Topic: European Union is robbing its citizens' bank accounts. 9.9% to be confiscated. - page 15. (Read 33190 times)
March 17, 2013, 10:02:25 AM
March 17, 2013, 08:16:02 AM
zeroday, sorry to hear that you got affected by this.
There is another thread on this BTW https://bitcointalksearch.org/topic/european-union-is-robbing-its-citizens-bank-accounts-99-to-be-confiscated-153959
History shows that somehow the politburo manages to secure whatever insane votes they want from the client states.
Ironically it is now absolutely irrelevant whether Cypriot Parliament approves the robbery. Either case there will be a bank run in Cyprus.
Question really is whether it will be precipitated by bank runs in Italy, Greece, Spain and Portugal on Monday (even before showdown in Cyprus on Tuesday) and whether it will spill over to France, Germany and UK.
But I bet that Cypriot politicians will have no balls to hang the bankers on lamposts (figuratively speaking) declare default and exit from the EU and start issuing their own money without any private central bank.
If I was a benevolent dictator of Cyprus, I would buy a bunch of bitcoins quetly, order a shitload of ASIC miners and adopt Bitcoin as reserve currency while using a state issued currency (Drahma?) in interim. Though risking US/Turkish invasion is not a small feat.
There is another thread on this BTW https://bitcointalksearch.org/topic/european-union-is-robbing-its-citizens-bank-accounts-99-to-be-confiscated-153959
History shows that somehow the politburo manages to secure whatever insane votes they want from the client states.
Ironically it is now absolutely irrelevant whether Cypriot Parliament approves the robbery. Either case there will be a bank run in Cyprus.
Question really is whether it will be precipitated by bank runs in Italy, Greece, Spain and Portugal on Monday (even before showdown in Cyprus on Tuesday) and whether it will spill over to France, Germany and UK.
But I bet that Cypriot politicians will have no balls to hang the bankers on lamposts (figuratively speaking) declare default and exit from the EU and start issuing their own money without any private central bank.
If I was a benevolent dictator of Cyprus, I would buy a bunch of bitcoins quetly, order a shitload of ASIC miners and adopt Bitcoin as reserve currency while using a state issued currency (Drahma?) in interim. Though risking US/Turkish invasion is not a small feat.
March 17, 2013, 07:55:44 AM
The 9,9% nr is only true when your account has more than >100.000€
It is 6,75% if your account is <100.000
Still sucks when involved but we must keep nr right....
The thing is, if you had 99,999 EUR, then you pay 6.75%.It is 6,75% if your account is <100.000
Still sucks when involved but we must keep nr right....
If you had 100,001 EUR, you would pay 9.9% of the whole amount, not just the euro that exceeded it.
It's flawed but likely intended.
March 17, 2013, 07:54:00 AM
The 9,9% nr is only true when your account has more than >100.000€
It is 6,75% if your account is <100.000
Still sucks when involved but we must keep nr right....
The problem for EU people is that the Cyprus bank are LOADED with Russian blackmoney, and now the Cyprus bank gets saved with EU taxpayer money witch is unfar offcourse....and they steal savings from at lot of people nomatter black or legit money...
It is 6,75% if your account is <100.000
Still sucks when involved but we must keep nr right....
The problem for EU people is that the Cyprus bank are LOADED with Russian blackmoney, and now the Cyprus bank gets saved with EU taxpayer money witch is unfar offcourse....and they steal savings from at lot of people nomatter black or legit money...
March 17, 2013, 07:40:23 AM
*chanting* RUN ON THE BANK, RUN ON THE BANK, RUN ON THE BANK!
+1
A massive worldwide bankrun could crash this broken system once and for all.. why let them do it slowly and painfully, let's do it FAST !
I do not let any amount in banks.. Can't trust any
March 17, 2013, 02:53:42 AM
In the US, they would just print 11.1% more money. Same effect, but people don't realize.
One of the many reasons why the Euro is still stronger vs the US dollar.
March 16, 2013, 11:52:38 PM
In the US, they would just print 11.1% more money. Same effect, but people don't realize.
March 16, 2013, 11:42:38 PM
*chanting* RUN ON THE BANK, RUN ON THE BANK, RUN ON THE BANK!
+1
A massive worldwide bankrun could crash this broken system once and for all.. why let them do it slowly and painfully, let's do it FAST !
I do not let any amount in banks.. Can't trust any
March 16, 2013, 11:35:02 PM
It's not your money in that bank account; it's their money. You don't issue it, you don't own it, you don't control it. You are simply allowed to use it under strict terms of those who issue it, own it, and control it.
Bitcoin, on the other hand...
Bitcoin, on the other hand...
March 16, 2013, 11:05:43 PM
I think we humans still breathe oxygen, not carbon. Or maybe they'll start taxing us because we keep the oxygen and expel carbon dioxyde? lol
March 16, 2013, 11:02:38 PM
March 16, 2013, 11:01:42 PM
Just waiting for them to tax you for breathing
March 16, 2013, 10:40:59 PM
That's not the only tax they're pushing either. In April, they're supposed to be taxing people for having spare bedrooms. If you don't have the required amount of people in your home to fit your rooms, you'll get taxed pretty heavily.
However, if you live in a mansion, rest assured that you are completely exempt from this tax. Phew! Close one, right? Wouldn't want those millionaires to pay for hundreds of empty rooms.
Here's the article if anyone's missed it.
But really, 9.9% tax for having money. I wonder how long the public will stand for this? Doesn't even matter where that money is going, this is legalized theft.
However, if you live in a mansion, rest assured that you are completely exempt from this tax. Phew! Close one, right? Wouldn't want those millionaires to pay for hundreds of empty rooms.
Here's the article if anyone's missed it.
But really, 9.9% tax for having money. I wonder how long the public will stand for this? Doesn't even matter where that money is going, this is legalized theft.
March 16, 2013, 10:28:26 PM
This sounds awful. 
March 16, 2013, 10:28:09 PM
Are you a Cyprus national? I wonder if it is legal to seize funds of foreigners who don't reside in that country, don't pay taxes and don't use public infrastructure. I know that Cyprus is a tax haven for Poles, so I will watch out for their reactions.
March 16, 2013, 10:22:23 PM
Boy, this is going to really piss off some Russian hackers. I wonder what the fallout will be... :-)
-p
March 16, 2013, 10:19:32 PM
Yes. The problem is that a lot of Russian money is parked in Cypriotic bank accounts, and the EU doesn't feel like spending a few billion Euro's to protect the savings of Russians. Hence this solution, in which the Russians are forced to help pay the debt as well.
Stealing money from actual hard-working Cypriots is considered collateral damage. Very sad indeed.
Good news for bitcoin, bad news for the poor Cypriots, for the EU and for the future of the Euro.
Stealing money from actual hard-working Cypriots is considered collateral damage. Very sad indeed.
Good news for bitcoin, bad news for the poor Cypriots, for the EU and for the future of the Euro.
Perfect! You are saying that stealing money from Cypriots is bad but stealing money from Russians is not. Bingo! It means, that stealing can sometimes be good, or... probably stealing is always good if you look at it from a correct angle. Right ?
March 16, 2013, 09:02:47 PM
.
March 16, 2013, 08:38:13 PM
*chanting* RUN ON THE BANK, RUN ON THE BANK, RUN ON THE BANK!
March 16, 2013, 08:37:56 PM
Quote
Is this really a EU thing, and not a Cyprus thing?
Yes. The problem is that a lot of Russian money is parked in Cypriotic bank accounts, and the EU doesn't feel like spending a few billion Euro's to protect the savings of Russians. Hence this solution, in which the Russians are forced to help pay the debt as well.
Stealing money from actual hard-working Cypriots is considered collateral damage. Very sad indeed.
Good news for bitcoin, bad news for the poor Cypriots, for the EU and for the future of the Euro.
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