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Topic: My bank account's got robbed by European Commission. Over 700k is lost. - page 54. (Read 408494 times)

cho
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Boar with me
Bloody optimists.  Wink

lol.. It would be excellent if Cyprus told the rest of the EU to pound sand, re-issued their currency with a gold backing, and turned itself into a data- and tax-haven.

I'm not holding my breath, though.

...and labeled a rogue state and invaded within one year !
hero member
Activity: 532
Merit: 500
FIAT LIBERTAS RVAT CAELVM
Bloody optimists.  Wink

lol.. It would be excellent if Cyprus told the rest of the EU to pound sand, re-issued their currency with a gold backing, and turned itself into a data- and tax-haven.

I'm not holding my breath, though.

..and made Bitcoin legal tender and encouraged exchanges!
Ew, no.
legendary
Activity: 1078
Merit: 1006
100 satoshis -> ISO code
Bloody optimists.  Wink

lol.. It would be excellent if Cyprus told the rest of the EU to pound sand, re-issued their currency with a gold backing, and turned itself into a data- and tax-haven.

I'm not holding my breath, though.

..and made Bitcoin legal tender and encouraged exchanges!
hero member
Activity: 532
Merit: 500
FIAT LIBERTAS RVAT CAELVM
Bloody optimists.  Wink

lol.. It would be excellent if Cyprus told the rest of the EU to pound sand, re-issued their currency with a gold backing, and turned itself into a data- and tax-haven.

I'm not holding my breath, though.
legendary
Activity: 3038
Merit: 1032
RIP Mommy
cho
full member
Activity: 155
Merit: 100
Boar with me
Sounds like Cyprus is going hot again ... parliament refusing to back the Troika's demands (?) again. They might be leaving the Euro if this happens.

I just wonder if (and hope that) such a move could cause the entire EU house of cards to fail and collapse. The people of Europe will ultimately, probably after some pain, be much better off once the EU is consigned to the history books the same way the old Soviet Union, Yugoslavia and Warsaw Pact were.

The opposition between the Troika's demands and the parliament's votes are a symbol of how anti-democratic the whole european union is. That is why a refusal by the cyprus parliament might lead to a crumble of EU, IMHO.
legendary
Activity: 3920
Merit: 2349
Eadem mutata resurgo
Sounds like Cyprus is going hot again ... parliament refusing to back the Troika's demands (?) again. They might be leaving the Euro if this happens.
Or, they can exit the euro, re-issue their pound using gold to give it some semblance of backing, so that it doesn't immediately hyper-inflate, and tell all the foreign bondholders to take a 100% haircut.


if they went out on their own they could implement their own even better low tax, privacy policies and retain a lot of the offshore banking business ... particularly sticking a big fat finger up to the Statists who are trying to strangle them for wanting to be free from the banking oligarchies.
legendary
Activity: 1078
Merit: 1006
100 satoshis -> ISO code
Sounds like Cyprus is going hot again ... parliament refusing to back the Troika's demands (?) again. They might be leaving the Euro if this happens.

The decision about Cyprus' gold is the fork in the road.

They either roll over, sell their gold, take 2 decades of austerity and Greek-like pain, and remain an ECB-puppet. Or, they can exit the euro, re-issue their pound using gold to give it some semblance of backing, so that it doesn't immediately hyper-inflate, and tell all the foreign bondholders to take a 100% haircut. Lots of economic and social pain either way. The 2nd route might have the economy in reasonable shape after 2 or 3 years. The Cyprus pound used to be worth nearly 2 euros, at parity they would have lots more tourism and export advantages.

hero member
Activity: 784
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Annuit cœptis humanae libertas
Sounds like Cyprus is going hot again ... parliament refusing to back the Troika's demands (?) again. They might be leaving the Euro if this happens.

I just wonder if (and hope that) such a move could cause the entire EU house of cards to fail and collapse. The people of Europe will ultimately, probably after some pain, be much better off once the EU is consigned to the history books the same way the old Soviet Union, Yugoslavia and Warsaw Pact were.
legendary
Activity: 3920
Merit: 2349
Eadem mutata resurgo
Sounds like Cyprus is going hot again ... parliament refusing to back the Troika's demands (?) again. They might be leaving the Euro if this happens.
donator
Activity: 784
Merit: 1000
Yet another sad story told by EU bailout victim

British widow stands to lose upwards of €50,000 after her profits from a house sale remain frozen in a bank on the island


Quote
"It was money from a real estate sale that was supposed to be in the bank for a single day. The same day it went in, I sent an email instructing the bank to transfer the funds – some of which were in euros and some in sterling – to the UK, but on Saturday morning the news broke that Cypriot banks were in major financial difficulty."
hero member
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FIAT LIBERTAS RVAT CAELVM
newbie
Activity: 26
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IMHO the 700k is blocked as the 128k plus-some are the part that won't be touched.
you will not lose all the 700k, "only" couple of percent.

stop cryin, that's just TAX EVASION catching up to you.


Evasion is illegal, avoidance is just (arguably) unethical.



Are you fucking serious? Unethical? Taxation is unethical. Steeling peoples  money with threat of force is  unethical.

Comments like yours make me sick. You take a moral corrupt principal, hold it up as ethical and legitimate and call those who avoid participating unethical.

Something is definitely wrong with the thought pattern in the world... sick. Just sick.

ownership is arguably unethical...
hero member
Activity: 532
Merit: 500
FIAT LIBERTAS RVAT CAELVM
Basically if what he says is true and he was paying to have a checking account with no interest on it then he should at least have some priority of getting the money back when shit hits the fan.
Yup, he should. But he doesn't, because he's just a peon. No connections to TPTB.
newbie
Activity: 28
Merit: 0
Yeah that's pretty bad but then it's not really the EUs fault but the banks fault and them buying junkbonds/shit investments.
Aim the blame in the right direction. Hadn't the EU regulated this you might have goten your money out and someone might have been left with nothing.
It should be illegal to do so with his money though since it is not an investment account.


He should check into the legal aspects of this. But who reads all those papers when they make a simple account, right? I don't...I better start.
Basically if what he says is true and he was paying to have a checking account with no interest on it then he should at least have some priority of getting the money back when shit hits the fan.
hero member
Activity: 532
Merit: 500
FIAT LIBERTAS RVAT CAELVM
Obviously you had a reason for storing cash in a country like Cyprus instead of the country you do business in.

He did do business in Cyprus. In fact, he had to fire all of his Cypriot employees.

He wasn't storing cash. This was the account which he received payments to from his clients, and paid his employees with.

The bank is insolvent, because the government is insolvent, because they gave it all to the Greeks.
newbie
Activity: 28
Merit: 0
Obviously you had a reason for storing cash in a country like Cyprus instead of the country you do business in.
But let me ask you this. Is the bank insolvent or is this just part of the government taxation scheme?

If it's the later you shouldn't worry to much. You'll pay 5% on that deposit and get most of it back.
newbie
Activity: 49
Merit: 0
Here is something I wonder about:

Since you know the problems in Cyprus, why did you wait until they froze your assets?

I'd be there closing the account in the matter of minutes after I hear the news.

Actually I would have withdrawn them when the crysis hit Greece, since your economies are linked.

Hath you moved the moeny to St. Mauritius, now you'd be happy and rich, and not sad with 15% of your assets.

Here is a lesson to be learned.

Thank you Captain Hindsight!!

full member
Activity: 182
Merit: 100
Finding Satoshi
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