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Bailout approved! - The Cyprus Situation Room
03-26-2013, 10:52 PM #181
Octo Mother Superior
Posts:42,587 Threads:1,469 Joined:Feb 2011
Most likely. Still it's nice to see someone up to the challenge. I'm sure the bankers don't care much for it. hi5.gif
03-26-2013, 11:21 PM #182
DaJavoo If looks could kilt
Posts:1,850 Threads:45 Joined:Mar 2011
(03-26-2013, 10:52 PM)Octo Wrote:  Most likely. Still it's nice to see someone up to the challenge. I'm sure the bankers don't care much for it. hi5.gif


Fer reel ~ see a niche and fill it. I'm not up on the percentages, and perhaps both sides pay a small premium on any transaction ~ seems like an alternative debit card, but there has to be a mechanism for Bitcoin to make a buck.

And, of course, the 1st question would be how secure and liquid would it really be? Where would Bitcoin keep its money? Sooner or later those ones and zeros have to become cold, hard cash.
03-26-2013, 11:27 PM #183
JayRodney ⓐⓛⓘⓔⓝ
Posts:31,272 Threads:1,438 Joined:Feb 2011
I'm surprised the FED hasn't gone after it. Oh well, even Greenspan says it time to end the Fed.
http://www.forbes.com/sites/nathanlewis/...-changing/

Ron Paul really was right.

wonder.gif
03-27-2013, 04:12 PM #184
Shadow Mrs. Buckwheat
Posts:12,782 Threads:1,182 Joined:Feb 2011
(03-26-2013, 10:09 AM)JayRodney Wrote:  Read more: zerohedge.com

So, all that Russian money is already gone... *poof* They left the people of Cypress holding the debt bag. Big money wins again coffeetime.gif


More on this

Quote: Much of the money was withdrawn from overseas, where Cyprus had no authority. Branches of Cypriot banks in non-euro-zone countries such as Russia and Britain do not answer to the European Central Bank. Their liquidity is controlled by central banks in those countries.

http://www.zerohedge.com/news/2013-03-27...l-controls

Whoever set about destroying Cyprus to get that money didn't realize this? Unfreakinbelievable.
03-27-2013, 04:44 PM #185
DaJavoo If looks could kilt
Posts:1,850 Threads:45 Joined:Mar 2011
(03-27-2013, 04:12 PM)Shadow Wrote:  
(03-26-2013, 10:09 AM)JayRodney Wrote:  Read more: zerohedge.com

So, all that Russian money is already gone... *poof* They left the people of Cypress holding the debt bag. Big money wins again coffeetime.gif


More on this

Quote: Much of the money was withdrawn from overseas, where Cyprus had no authority. Branches of Cypriot banks in non-euro-zone countries such as Russia and Britain do not answer to the European Central Bank. Their liquidity is controlled by central banks in those countries.

http://www.zerohedge.com/news/2013-03-27...l-controls

Whoever set about destroying Cyprus to get that money didn't realize this? Unfreakinbelievable.

It could have been an oopsie <wink-nudge> but I hardly think so. The Ruskies weren't the only ones with serious coin in Cyprus (or other offshore havens, either, btw) and the players who were able to gtfo of Cyprus are most likely the ones calling the shots.

In effect, this will speed the confiscation ~ they've already put the word out.

Coincidently, the BRICS are hatching an alt-IMF ~ http://www.thedailybell.com/28884/BRICS-...ern-Agenda

Stir this shït in the same pot and you get a thoroughly managed global economy.

It's always been about power and control ~ and it would seem most of the pawns have been swept off the board in this chess game to which Octo referred.
03-27-2013, 04:57 PM #186
Shadow Mrs. Buckwheat
Posts:12,782 Threads:1,182 Joined:Feb 2011
Seems every day is a another wtf moment. Almost like WWII where the smaller countries were picked off first. Rumors Luxembourg is next. Oh I know LOL always rumors. Anyways, we could be watchimg WWIII but fought financially. Dunno.
03-27-2013, 05:10 PM #187
DaJavoo If looks could kilt
Posts:1,850 Threads:45 Joined:Mar 2011
(03-27-2013, 04:57 PM)Shadow Wrote:  Seems every day is a another wtf moment. Almost like WWII where the smaller countries were picked off first. Rumors Luxembourg is next. Oh I know LOL always rumors. Anyways, we could be watchimg WWIII but fought financially. Dunno.


Good analogy.

And, don't forget Malta. chuckle.gif
03-27-2013, 05:14 PM #188
Shadow Mrs. Buckwheat
Posts:12,782 Threads:1,182 Joined:Feb 2011
(03-27-2013, 04:44 PM)DaJavoo Wrote:  It could have been an oopsie wink-nudge


13.gif could be, if you think about who won and who lost. The Russians DID get their money out, and the IMF DID get Cyprus, control of banks and energy development. And of course it's the 99% left holding the bag.
03-27-2013, 05:22 PM #189
Kreeper Griobhtha
Posts:10,585 Threads:633 Joined:Feb 2011
Like I said, the delays were to give the rest of the big players time to get their money out before the fecal matter struck the atmosphere circulating device.

I am not your rolling wheels, I am the highway
I am not your carpet ride I am the sky
I am not your blowing wind, I am the lightning
I am not your autumn moon, I am the night
The night
03-27-2013, 05:28 PM #190
DaJavoo If looks could kilt
Posts:1,850 Threads:45 Joined:Mar 2011
(03-27-2013, 05:14 PM)Shadow Wrote:  
(03-27-2013, 04:44 PM)DaJavoo Wrote:  It could have been an oopsie wink-nudge


13.gif could be, if you think about who won and who lost. The Russians DID get their money out, and the IMF DID get Cyprus, control of banks and energy development. And of course it's the 99% left holding the bag.


Yup ~ all goals accomplished ~ sounds a lot like a plan that went accordingly.
03-27-2013, 06:10 PM #191
Kreeper Griobhtha
Posts:10,585 Threads:633 Joined:Feb 2011
Wanna find out who is closest to the architects or this crisis? Find out who got their money out first.

I am not your rolling wheels, I am the highway
I am not your carpet ride I am the sky
I am not your blowing wind, I am the lightning
I am not your autumn moon, I am the night
The night
03-29-2013, 03:30 PM #192
Shadow Mrs. Buckwheat
Posts:12,782 Threads:1,182 Joined:Feb 2011
Oh wow, this is twisted

Quote:One of the prevailing false conventional wisdoms about the Cypriot cash confiscation is that it primarily affected rich, tax-evading individuals of Russian origin. Alas, those same individuals are likely to have been least affected, as subsequent discoveries of capital control breaches by the "richest and best connected" reveal, while increasingly it appears that the uninsured depositors on whose back the nation of Cyprus was bailed out are small and medium corporations, who had been parking cash for net working capital purposes with Cyprus' banks, cash which is now gone forever to feed the creeping insolvent Euro-monster, and which can't be used to fund such day to day business activities as payroll, purchases, and business operations.

http://www.zerohedge.com/news/2013-03-29...-zero-cash

sad2.gif
03-29-2013, 03:36 PM #193
Shadow Mrs. Buckwheat
Posts:12,782 Threads:1,182 Joined:Feb 2011
The most of circulating assets on our business Current Account are blocked.



Over 700k of expropriated money will be used to repay country's debt. Probably we will get back about 20% of this amount in 6-7 years.



I'm not Russian oligarch, but just European medium size IT business. Thousands of other companies around Cyprus have the same situation.



The business is definitely ruined, all Cypriot workers to be fired.



We are moving to small Caribbean country where authorities have more respect to people's assets. Also we are thinking about using Bitcoin to pay wages and for payments between our partners.



Special thanks to:



- Jeroen Dijsselbloem
- Angela Merkel
- Manuel Barroso
- the rest of officials of "European Comission"



İmage
03-29-2013, 03:41 PM #194
Octo Mother Superior
Posts:42,587 Threads:1,469 Joined:Feb 2011
It's unbelievable! But not very surprising I'm afraid. sad2.gif
03-29-2013, 03:45 PM #195
Shadow Mrs. Buckwheat
Posts:12,782 Threads:1,182 Joined:Feb 2011
The gov took 720k of 850k. wtf2.gif this will decimate Cyprus jobs, the gov will end up with zero tax base. How stupid can they be? emo-daj.gif



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