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EU Raids Private Savings Accounts to Pay for Cyprus Bailout 18 Mar 2013 21:31 #31811

  • fourfingerz
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Martin
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EU Raids Private Savings Accounts to Pay for Cyprus Bailout 18 Mar 2013 21:34 #31812

  • pam
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I've been following this closely since Saturday. Finally hit the MSM yesterday, late - looks like they've delayed the vote and are keeping the banks closed until Friday. (and who knows if it will last longer than that?)

I think it is ALWAYS good to have some cash on hand, regardless.

I'm surprised the IMF thinks it can get away with this - the ultimate result will be a distrust of banks (and FDIC - each country has their version) for years and years to come.
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EU Raids Private Savings Accounts to Pay for Cyprus Bailout 20 Mar 2013 22:09 #31849

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stock up with as many essentials as possible, things are going to come to a head pretty soon one way or the other.

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EU Raids Private Savings Accounts to Pay for Cyprus Bailout 20 Mar 2013 22:44 #31853

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Looks like the government in Cyprus voted not to accept the bailout terms - interesting vote - I think 19 abstained, the rest voted no. A dear friend of mine who works in the finance industry said that there was probably more to come...
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EU Raids Private Savings Accounts to Pay for Cyprus Bailout 22 Mar 2013 14:40 #31905

  • RICH99
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pam they voted no to SAVE their own lives due to the massive deposits by russian oligarchs and russian mafia who would have lost a bundle if they voted yes.......lots going on behind the scenes and from what i heard is Cyprus is a TESTING ground to see if they can get away with this on a larger scale .
notice the clever use of a water locked tiny island that IF chaos were to ensue it COULD not spread beyond THEIR borders and could EASILY be contained. this is a government robbery showcase
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