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Bailout approved! - The Cyprus Situation Room
03-20-2013, 01:29 PM #61
Octo Mother Superior
Posts:42,612 Threads:1,469 Joined:Feb 2011
Yes we'll have to add some fresh doom in here eventually. I think there will be more of that.
03-20-2013, 01:48 PM #62
DaJavoo If looks could kilt
Posts:1,851 Threads:45 Joined:Mar 2011
(03-20-2013, 03:49 AM)Shadow Wrote:  Been mulling this around all day and came up with a few points, feel free to question.

Cyprus has LNG lots of it. They are also to Russia what Switzerland is to the US.

Cyprus bailout is a measly $10b wtf2.gif chump change to the IMF so why the threats to take personal savings? Greece cost $400b and is worse than ever, Italy, an anticipated $1 trillion. $10 billion? Fer real?

So who gets what.

Russia gets control of Cyprus banks, direct development of LNG fields, and a W Med port to match their E one in Syria (Tartus?) Oh and a deadlock on another important EU LNG supplier.

The IMF get 20 - 30% of the Russian Oligarch deposits in Cyprus (estimated at $5 trillion)

Cyprus gets Corzined for $10 billion. Now. Who's next fatman.gif


I've heard the real figures are in the trillions, so it might not be chump change.

Russia already has Europe by the short hairs and doesn't want anyone else cutting into their virtual monopoly on LNG ~ they have been pissed about the Cyprus/Israel venture since jump.

The Euro-factions would like to see the Russian monopoly loosen its grip, so that is a fact to consider.

I see it more as a "banker" thing ~ they learned from Iceland and are taking the opportunity to skim off hard assets that are still worth a damn. I see it as a scaled test case for the final implosion ~ which they will control down to the last farthing. They are probably doing this to dull the edge of public opinion and fine tuning control. The fact that Cyprus is tiny compared to the PIIGS is my clue here.

Meanwhile, the board continues to light up on the Middle East and I believe that's where the shots in the hot war will start, but not end. Cyprus is geographically on the edge of that global fossil fuel dump and there are some big players there and an even bigger player on the side lines that NEEDS those BTUs ~ China, who, if not in bed with the banksters, could buy and sell all of them.
03-20-2013, 03:10 PM #63
DaJavoo If looks could kilt
Posts:1,851 Threads:45 Joined:Mar 2011
Ocker had better start painting some Kiwis...

National planning Cyprus-style solution for New Zealand
http://www.scoop.co.nz/stories/PA1303/S0...ealand.htm

The National Government are pushing a Cyprus-style solution to bank failure in New Zealand which will see small depositors lose some of their savings to fund big bank bailouts, the Green Party said today.

Open Bank Resolution (OBR) is Finance Minister Bill English’s favoured option dealing with a major bank failure. If a bank fails under OBR, all depositors will have their savings reduced overnight to fund the bank’s bail out.

“Bill English is proposing a Cyprus-style solution for managing bank failure here in New Zealand – a solution that will see small depositors lose some of their savings to fund big bank bailouts,” said Green Party Co-leader Dr Russel Norman.

More at posted link...
03-20-2013, 03:58 PM #64
Shadow Mrs. Buckwheat
Posts:12,782 Threads:1,182 Joined:Feb 2011
Yeah I posted that yesterday. Spain seems to be considering it too

Spain, it would appear, has changed constitutional rules to enable a so-called 'moderate' levy on deposits

http://www.zerohedge.com/news/2013-03-19...posit-levy
03-20-2013, 04:01 PM #65
Shadow Mrs. Buckwheat
Posts:12,782 Threads:1,182 Joined:Feb 2011
(03-20-2013, 10:42 AM)オタマジャクシ Wrote:  http://www.euronews.com/2013/03/20/euroz...bank-levy/

This is actually stale Euro Doom - the Levy didn't pass.

Please add some fresh Doom.


Nothing to see here, move along lmao.gif
03-20-2013, 04:18 PM #66
DaJavoo If looks could kilt
Posts:1,851 Threads:45 Joined:Mar 2011
(03-20-2013, 03:58 PM)Shadow Wrote:  Yeah I posted that yesterday. Spain seems to be considering it too

Spain, it would appear, has changed constitutional rules to enable a so-called 'moderate' levy on deposits

http://www.zerohedge.com/news/2013-03-19...posit-levy


Sorry for the repost.

I would suppose the time where the banks are closed durng the debate would be the window of opportunity for the insiders to rake out their deposits into the leaky boat. Of course, the hole in the keel is too big to patch so they just ladle more in from the ocean of debt in which they are floating and call it investment instead of 'bail out.'
03-20-2013, 04:21 PM #67
Shadow Mrs. Buckwheat
Posts:12,782 Threads:1,182 Joined:Feb 2011
(03-20-2013, 04:18 PM)DaJavoo Wrote:  Sorry for the repost.

I would suppose the time where the banks are closed durng the debate would be the window of opportunity for the insiders to rake out their deposits into the leaky boat. Of course, the hole in the keel is too big to patch so they just ladle more in from the ocean of debt in which they are floating and call it investment instead of 'bail out.'


You'd be right, found an article yesterday where a few select Russians moved several billion from Cyprus before the savings tax was made public. Isn't that interesting coffeetime.gif
03-20-2013, 04:22 PM #68
JayRodney ⓐⓛⓘⓔⓝ
Posts:31,283 Threads:1,438 Joined:Feb 2011
yup.gif Sounds about par for the course.

wonder.gif
03-20-2013, 04:30 PM #69
Octo Mother Superior
Posts:42,612 Threads:1,469 Joined:Feb 2011
(03-20-2013, 04:21 PM)Shadow Wrote:  
(03-20-2013, 04:18 PM)DaJavoo Wrote:  Sorry for the repost.

I would suppose the time where the banks are closed durng the debate would be the window of opportunity for the insiders to rake out their deposits into the leaky boat. Of course, the hole in the keel is too big to patch so they just ladle more in from the ocean of debt in which they are floating and call it investment instead of 'bail out.'


You'd be right, found an article yesterday where a few select Russians moved several billion from Cyprus before the savings tax was made public. Isn't that interesting coffeetime.gif


I assumed they had prior knowledge. coffeetime.gif
03-20-2013, 04:33 PM #70
Shadow Mrs. Buckwheat
Posts:12,782 Threads:1,182 Joined:Feb 2011
Hej Octo hug.gif JR hug.gif

'Zackly. I went looking for the article but can't find it 13.gif Goes back to my woo-woo speculating yesterday that this is all planned for the IMF to get Russian money and Russia to get Cyprus gas. The EU is ƒükkêd in that case because Russia will have them by the balls.
03-20-2013, 04:38 PM #71
DaJavoo If looks could kilt
Posts:1,851 Threads:45 Joined:Mar 2011
(03-20-2013, 04:21 PM)Shadow Wrote:  
(03-20-2013, 04:18 PM)DaJavoo Wrote:  Sorry for the repost.

I would suppose the time where the banks are closed durng the debate would be the window of opportunity for the insiders to rake out their deposits into the leaky boat. Of course, the hole in the keel is too big to patch so they just ladle more in from the ocean of debt in which they are floating and call it investment instead of 'bail out.'


You'd be right, found an article yesterday where a few select Russians moved several billion from Cyprus before the savings tax was made public. Isn't that interesting coffeetime.gif


Guarandamntee those billions didn't belong to anyone but the banker class. This is a controlled, small-scale test case for a managed implosion. The 'billions' got converted to the next thing considered 'wealth' (or soon will be) and the poor buggers in Cyprus are left with the sucked out husk of their formerly prosperous nation.

Back in the day (before they hitched to the EU in 2004) they were economically strong. They got twitchy about Turkey and chose not to join NATO, which would have given them the protection they sought without saddling them with the Euro. Consequently, offshore investment hauled ass, the Euro folded and Cyprus is in the shitter.
03-20-2013, 04:39 PM #72
DaJavoo If looks could kilt
Posts:1,851 Threads:45 Joined:Mar 2011
(03-20-2013, 04:30 PM)Octo Wrote:  
(03-20-2013, 04:21 PM)Shadow Wrote:  
(03-20-2013, 04:18 PM)DaJavoo Wrote:  Sorry for the repost.

I would suppose the time where the banks are closed durng the debate would be the window of opportunity for the insiders to rake out their deposits into the leaky boat. Of course, the hole in the keel is too big to patch so they just ladle more in from the ocean of debt in which they are floating and call it investment instead of 'bail out.'


You'd be right, found an article yesterday where a few select Russians moved several billion from Cyprus before the savings tax was made public. Isn't that interesting coffeetime.gif


I assumed they had prior knowledge. coffeetime.gif


LMAO @ 'Insider Trading'
03-20-2013, 04:43 PM #73
DaJavoo If looks could kilt
Posts:1,851 Threads:45 Joined:Mar 2011
(03-20-2013, 04:33 PM)Shadow Wrote:  Hej Octo hug.gif JR hug.gif

'Zackly. I went looking for the article but can't find it 13.gif Goes back to my woo-woo speculating yesterday that this is all planned for the IMF to get Russian money and Russia to get Cyprus gas. The EU is ƒükkêd in that case because Russia will have them by the balls.


I see the rationale, and stranger shït has happened ~ but I think the EU is wise to that and actually dreads Russia having a tighter grip on the energy supply. That is, unless the Russians are jammed further down the bedcovers with the IMF ~ and somehow, to me, that's not ringing true. The IMF is mostly pure banker and definitely EU oriented. That's what I see on the surface...but then...
03-20-2013, 04:46 PM #74
Shadow Mrs. Buckwheat
Posts:12,782 Threads:1,182 Joined:Feb 2011
I'm going to hazard a prediction chuckle.gif
Russia will ride to the rescue, (Cyprus' finmin is in Russia now) get LNG contracts a deep sea port, controlling shares of the banks. PMs down, DOW positive lmao.gif
03-20-2013, 04:51 PM #75
Shadow Mrs. Buckwheat
Posts:12,782 Threads:1,182 Joined:Feb 2011
(03-20-2013, 04:43 PM)DaJavoo Wrote:  I see the rationale, and stranger shït has happened ~ but I think the EU is wise to that and actually dreads Russia having a tighter grip on the energy supply. That is, unless the Russians are jammed further down the bedcovers with the IMF ~ and somehow, to me, that's not ringing true. The IMF is mostly pure banker and definitely EU oriented. That's what I see on the surface...but then...


Hmmm. You're right of course EU and IMF are tight, but these're bankers, they care about the bottom line. What about Syria? Going full woo woo here. Obama is in Israel today, hopefully nothing happens but anything can. The birther nonsense is full head line news again. What if Russia agreed to back off Syria -or Iran- in return for Cyprus? damned.gif



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