European Union is robbing its citizens' bank accounts. 9.9% to be confiscated. - page 6.

hanzac

sr. member

Activity: 425

Merit: 262

Quote from: phlogistonq on 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.

Remember if the business entity starts to judge the nationality, the races, etc. won't it start to judge the sexualities, the ages, the occupations ...?
If such things happen, people won't trust such entity. Please just shut down the door and go back to country village and back to raise animals and plants.

Sage

hero member

Activity: 632

Merit: 500

Quote from: Vladimir on March 25, 2013, 11:58:34 PM

http://www.youtube.com/watch?v=Xbp6umQT58A

Sometimes farmers experiment. They chose a barn and change something there. For example, farmers introduce a new feeding system. Then they see whether it increases yield or not. This is exactly what is going on in Cyprus. If it works well this practice, it will be adopted in other farms/barns. If not, a more inventive system will be tested.

That strategy might have worked if they could have kept the whole world from knowing about it. Now, the damage is done. Anyone with a bank account is asking the same question, "could it happen here?".

They can't isolate this one to one barn. The fuse is lit. This one's gonna blow up in their face.

hanzac

sr. member

Activity: 425

Merit: 262

Quote from: zeroday on March 25, 2013, 08:32:16 PM

Quote from: Akka on March 25, 2013, 05:09:11 PM

Also, I find you avatar greatly offensive.

I find merkel's proposal, to grab money from my current bank account and use it to pay country's debt, much more offensive.
I don't blame German people, but I'll always blame villainous politicians.

Politicians are just stupid actors nowadays while they don't know they are out-fashioned. They still think they have the power and ability to influence and change the human beings' living while they are lag behind the current wave.

Vladimir

hero member

Activity: 812

Merit: 1001

-

http://www.youtube.com/watch?v=Xbp6umQT58A

Sometimes farmers experiment. They chose a barn and change something there. For example, farmers introduce a new feeding system. Then they see whether it increases yield or not. This is exactly what is going on in Cyprus. If it works well this practice, it will be adopted in other farms/barns. If not, a more inventive system will be tested.

hanzac

sr. member

Activity: 425

Merit: 262

Now I do think that Europe is going backwards to form a centralized government so called EU.
People are seeking independence, while these politicians are trying to fool people that tight with each other is a good living way, so that they can raise high tax and also control people.

BTC Books

member

Activity: 84

Merit: 10

Quote from: Razick on March 25, 2013, 06:26:30 PM

Quote from: creativex on March 25, 2013, 03:23:56 PM

Banksters, like politicians go to great lengths to maintain a veneer of respectability and as a result the vast majority of people have no idea that they're handing money to crooks. When you tack the fraud of government depository insurance upon that, the vast majority mistakenly believe they can trust their local banksters.

In this case at least it's a government betrayal of trust. Brought on by poor banking? Perhaps, but the government is the one stealing money in this case, not the banks.

Sucker.

There's no difference.

I remember that during the US/Vietnam war, all of the US calculations were based on the idea that the Vietcong and the NVA were two separate entities - and could be played off against each other. The US were suckers - the two were the same, and it cost more additional lives on both sides than one likes to think about.

You're falling into the same trap. There is no difference between governments and banks. They are the same people, with the same agenda.

zeroday

donator

Activity: 784

Merit: 1000

Quote from: Akka on March 25, 2013, 05:09:11 PM

Also, I find you avatar greatly offensive.

I find merkel's proposal, to grab money from my current bank account and use it to pay country's debt, much more offensive.
I don't blame German people, but I'll always blame villainous politicians.

creativex

sr. member

Activity: 434

Merit: 250

Quote from: Razick on March 25, 2013, 06:26:30 PM

Quote from: creativex on March 25, 2013, 03:23:56 PM

Banksters, like politicians go to great lengths to maintain a veneer of respectability and as a result the vast majority of people have no idea that they're handing money to crooks. When you tack the fraud of government depository insurance upon that, the vast majority mistakenly believe they can trust their local banksters.

In this case at least it's a government betrayal of trust. Brought on by poor banking? Perhaps, but the government is the one stealing money in this case, not the banks.

Don't care who's most guilty in this most recent bankster/ruling class dynamic duo heist. Just like the bailouts in the states those that work for a living will end up footing the bill.

Razick

legendary

Activity: 1330

Merit: 1003

Quote from: creativex on March 25, 2013, 03:23:56 PM

Banksters, like politicians go to great lengths to maintain a veneer of respectability and as a result the vast majority of people have no idea that they're handing money to crooks. When you tack the fraud of government depository insurance upon that, the vast majority mistakenly believe they can trust their local banksters.

In this case at least it's a government betrayal of trust. Brought on by poor banking? Perhaps, but the government is the one stealing money in this case, not the banks.

Akka

legendary

Activity: 1232

Merit: 1001

Quote from: alexeft on March 25, 2013, 05:51:41 PM

Quote from: Akka on March 25, 2013, 05:09:11 PM

So you are saying German Taxpayers should bailout Cyprus. And the people there should pay nothing at all.

Why should I pay for bailing out banks on a Island I never was before?

Also Cypriots received crazy interest rates on their account for several years. It's time people learn that interest earning is not risk fee. You get money for lending out money in the moment you put your money in an account it's not yours anymore.

Greek has already loaded every German indirectly citizen with additional debt and Cyprus will again. Yet I see no burning Cyprus Flags in German streets.

Blame this disaster on the Banks, but not on the people that pay the bill.

I think you tend to forget the big sales your country had in Greece and Cyprus, loan based of course, but I guess that was ok, right? Let's see you go without them now!
You also tend to forget that the low price of your currency ie the euro is due to the piigs and cyprus. There is no other way to keep the euro low now the the US is printing dollars like crazy, since you northern countries want to claim that the euro is good wealth storage and hence can't print euros at will as well. Money will flee your banks if you do. Suppose piigs piigs hadn't gone bankrupt and germany had to sell products while 1 euro was 10 dollars or so!!! That would be an interesting picture!

Also, you are getting hefty interest for the loans you gave to those countries, aren't you?

Quote from: Akka on March 25, 2013, 05:09:11 PM

Blame this disaster on the Banks, but not on the people that pay the bill.

Amen to that. But, can you tell who the people that are paying the bill are?

Tend to interpret what people tend to much?

So you are saying due to large sales German Companies supposly had in this countries German Taxpayers should just bail them out, no strings attached?

Well, that will solve the problem once and for all.

alexeft

legendary

Activity: 854

Merit: 1000

Quote from: Akka on March 25, 2013, 05:09:11 PM

So you are saying German Taxpayers should bailout Cyprus. And the people there should pay nothing at all.

Why should I pay for bailing out banks on a Island I never was before?

Also Cypriots received crazy interest rates on their account for several years. It's time people learn that interest earning is not risk fee. You get money for lending out money in the moment you put your money in an account it's not yours anymore.

Greek has already loaded every German indirectly citizen with additional debt and Cyprus will again. Yet I see no burning Cyprus Flags in German streets.

Blame this disaster on the Banks, but not on the people that pay the bill.

I think you tend to forget the big sales your country had in Greece and Cyprus, loan based of course, but I guess that was ok, right? Let's see you go without them now!
You also tend to forget that the low price of your currency ie the euro is due to the piigs and cyprus. There is no other way to keep the euro low now the the US is printing dollars like crazy, since you northern countries want to claim that the euro is good wealth storage and hence can't print euros at will as well. Money will flee your banks if you do. Suppose piigs piigs hadn't gone bankrupt and germany had to sell products while 1 euro was 10 dollars or so!!! That would be an interesting picture!

Also, you are getting hefty interest for the loans you gave to those countries, aren't you?

Quote from: Akka on March 25, 2013, 05:09:11 PM

Blame this disaster on the Banks, but not on the people that pay the bill.

Amen to that. But, can you tell who the people that are paying the bill are?

Akka

legendary

Activity: 1232

Merit: 1001

Quote from: zeroday on March 25, 2013, 03:52:01 PM

Germany has just robbed and raped Cyprus. I don't see reason why should Cypriots stay with EUR as it will only put them in the abyss of further debts.

So you are saying German Taxpayers should bailout Cyprus. And the people there should pay nothing at all.

Why should I pay for bailing out banks on a Island I never was before?

Also Cypriots received crazy interest rates on their account for several years. It's time people learn that interest earning is not risk fee. You get money for lending out money in the moment you put your money in an account it's not yours anymore.

Greek has already loaded every German indirectly citizen with additional debt and Cyprus will again. Yet I see no burning Cyprus Flags in German streets.

Blame this disaster on the Banks, but not on the people that pay the bill.

Also, I find you avatar greatly offensive.

Puppet

legendary

Activity: 980

Merit: 1040

Quote from: mobodick on March 25, 2013, 04:20:24 PM

I read that the 6-10% levy was a solution brought forward by the Cypriote government and not the EU.
Having the 100k deposits protected was entirely due to people taking to the streets.

That's quite something else than what you're saying.

Of course the Cypriot government will blame the EU. In most EU countries the governments take credit for anything they do right and will gladly blame the EU for anything that goes wrong:
Not that its always completely unwarranted, but still..

mobodick

hero member

Activity: 840

Merit: 1000

Quote from: zeroday on March 25, 2013, 02:24:13 PM

Quote from: Puppet on March 25, 2013, 01:53:04 PM

AFAIK the government guaranteed the first 100K euro. Thats what they should stick to (and if I understood correctly; they now will); you cant fault a saver for actually believing the government.

Initially, EU insisted on putting 6-10% levy on every amount regardless is it insured it or not. Having now under-100k deposits untouched is solely the merit of Cypriot parliament who rejected this proposal.

I read that the 6-10% levy was a solution brought forward by the Cypriote government and not the EU.
Having the 100k deposits protected was entirely due to people taking to the streets.

That's quite something else than what you're saying.

Razick

legendary

Activity: 1330

Merit: 1003

Yea, I read about that. Horrible. The new proposal is no better, it just allows low-medium value accounts to avoid the tax for political convenience.

zeroday

donator

Activity: 784

Merit: 1000

Germany has just robbed and raped Cyprus. I don't see reason why should Cypriots stay with EUR as it will only put them in the abyss of further debts.

Vladimir

hero member

Activity: 812

Merit: 1001

-

The thing is Russians are leaving along with their money. Medvedev might cancel the double taxation treaty and then there will be no reason for any wealthy Russian to stay on Cyprus.

Some might say "big deal", but this will turn Cyprus back into a fishing village it used to be. Germany has destroyed Cyprus as an offshore tax heaven. I am not sure if they will be able to recover. No more Tiffany shops, fish&chips shops only after that.

Puppet

legendary

Activity: 980

Merit: 1040

Quote from: creativex on March 25, 2013, 03:23:56 PM

Banksters, like politicians go to great lengths to maintain a veneer of respectability and as a result the vast majority of people have no idea that they're handing money to crooks. When you tack the fraud of government depository insurance upon that, the vast majority mistakenly believe they can trust their local banksters.

Seems to me the government in Cyprus made good on its deposit insurance. You cant reasonably expect more and at the same time demand those governments deregulate and dont meddle with private banks as long as they are winning their bets and collecting their bonuses. Either you are in favor of banksters being free to play like degenerate gamblers with other people's money (and consumer responsible for selecting a solvent bank), or you are in favor of sufficient financial regulation for a government to be able to guarantee deposits. I dont see a third way.

creativex

sr. member

Activity: 434

Merit: 250

Banksters, like politicians go to great lengths to maintain a veneer of respectability and as a result the vast majority of people have no idea that they're handing money to crooks. When you tack the fraud of government depository insurance upon that, the vast majority mistakenly believe they can trust their local banksters.

Puppet

legendary

Activity: 980

Merit: 1040

Quote from: creativex on March 25, 2013, 02:48:16 PM

Quote from: Puppet on March 25, 2013, 02:33:38 PM

Who do you think raided your banks? Honestly, Im not privy to all the details, but shouldnt your anger be directed in the first place to the bank executives who played in the casino of financial derivatives with your money and lost?

You don't think bank casinos are a direct result of money printing and zero or negative real interest rates? They're borrowing for nothing, is it really shocking that their risk assessment is skewed?

I dont disagree with that and I also think its dangerous and stupid to give that money to the banks.
Even so; if someone lends you money at zero interest rate and you gamble it away in a casino, I wouldnt point fingers in the first place at the lender. Its still your responsibility:

Topic: European Union is robbing its citizens' bank accounts. 9.9% to be confiscated. - page 6. (Read 33190 times)