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Topic: European Union is robbing its citizens' bank accounts. 9.9% to be confiscated. - page 16. (Read 33197 times)

KWH
legendary
Activity: 1904
Merit: 1045
In Collateral I Trust.
No sign of something like this in Hungary

give it enough time...
When they see it works they will.

Yes. They are already thinking up ways to get in our retirement money and people leaving high tax states are being taxed to leave.
Little money is kept in my account these days.
legendary
Activity: 1358
Merit: 1002
No sign of something like this in Hungary

give it enough time...
When they see it works they will.
legendary
Activity: 1246
Merit: 1016
Strength in numbers
No sign of something like this in Hungary

I have no idea about Cyprus or Hungary, but in general I would think that "no warning" is exactly what one would experience right before confiscation.
full member
Activity: 196
Merit: 100
No sign of something like this in Hungary
member
Activity: 215
Merit: 11
Sounds awful, yet another reason I only trust banks with small amounts.

It may sound stupid, but investing in a safe to store all your valuables where they cannot be touched by the government is your best bet. Just don't be cheap with the safe if you're going to store a lot in it.
sr. member
Activity: 358
Merit: 250
that's an absolute disgrace, they can just decide to steal 9.9% of your money and there's nothing you can do about it.

Wow what a great offer, deposit your cash with us and we'll steal 10% of it to pay off debts made by corrupt bankers
sr. member
Activity: 298
Merit: 250
Is this really a EU thing, and not a Cyprus thing?

Well, yes and no. I remember something like this back in early '90's in Italy. Italy,at the time, was trying to fit into Maastricht treaty...

donator
Activity: 784
Merit: 1000
Is this really a EU thing, and not a Cyprus thing?

Yes it is. EU has explicitly insisted on it. Read this:

Quote
Early Saturday, the nation (Cyprus) reached an agreement with international lenders (EU-IMF) for bailout help. Part of the agreement: Bank depositors with more than 100,000 euros ($131,000) in their accounts will take a 9.9 percent haircut. Even those with less in savings will see their accounts reduced by 6.75 percent. That’s right: Anyone with money in a Cypriot bank will have significantly less money when the banks open for business Tuesday than they did on Friday.
(source)
legendary
Activity: 1512
Merit: 1001
Bitcoin - Resistance is futile
Probably it is. Lets see what happens on Monday if people go to take their money from the bank on other countries like Greece, Spain, Italy, Portugal or Ireland.
hero member
Activity: 529
Merit: 500
Is this really a EU thing, and not a Cyprus thing?
donator
Activity: 784
Merit: 1000
That's true. Actually my losses, caused by stealing 9.9% of my account balance by EU Government, are compensated by gains made from the rise of BTC value. I bought some BTC a year ago and now I'm really happy I did it.
Now i see that "Anarchists Cryptocurrency tha is Backed by Nothing" is really more secure than EURO currency which is backed by European Government.

When they finish robbing my bank account and finally unlock it, I'll flush all those damn EUR to buy more gold and bitcoins.
legendary
Activity: 1582
Merit: 1002
I think it is good news for Bitcoin - some people who lost funds in these banks may turn savings into cryptocurrency.
donator
Activity: 784
Merit: 1000
Today I found that I cannot transfer money from my company's account in Cyprus (EU) bank.
All money on all accounts are frozen until they debit 9.9% newly established "tax" to "support" rotten European economics.

This is for real, I'm really losing 9.9% of my assets which fu*king EU will confiscate to patch their own economical mistakes  Sad

Angry crowds on streets in Cyprus are trying to withdraw something from their cards in ATMs.

Nobody's money are secure in EU banks now.

Just read news
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