I keep pumping out the message that what is happening in Greece, is on its way here via Spain, Portugal, Italy and Ireland, and now we can add Cyprus. Remember that first directive from the financial Mafia, that savings in Cyprus would be cut by up to 10%. It was thrown out by all the local politicians, so they could go back to Brussels supposedly to "discuss" the matter again, giving them and there millionaire circle of parasites time to get there money out before they came back and accepted the second and same demand, by the financial Mafia. Only this time it was rumoured that it would be 40% of savings stolen. Now the figure is going to 80% snatched from your account. Everybody is saying that is a one and only savings plunder of this type by the financial Mafia. How wrong could you be, it seems that this type of theft has been discussed by all the players in the financial Mafia club, from the US, to UK and even sunny New Zealand. It will, I have no doubt, be rolled out across all those countries that are summoned to the altar of the Trioka and told to seek a bailout. Then perhaps it could be used to supplement the "austerity" measures to encourage those mythical "green shoots of recovery". All for our benefit of course!!
In this type of "democracy" these big decisions that can shatter the lives of millions are made in secret, by faceless suits, in sumptuous rooms in marble halls, all done and dusted away from prying eyes. Make no mistake about it, the economy in Cyprus is finished, all small and medium business will go bust, poverty and deprivation will be the norm for the unfortunate ordinary people of the sunny Mediterranean island. It will be decades of poverty and suffering for all the ordinary people, of course they can take comfort in the fact that their misery and deprivation is saving the country. Can somebody explain to me what the "country" is, if it is not its people? In true and honest language, the ordinary people are being sacrificed to save the billionaires from taking a hit on their gambling losses. We are dealing with desperate conmen, gangsters, thugs.
Read the full article HERE:Confiscating the customer deposits in Cyprus banks, it seems, was not a one-off, desperate idea of a few eurozone "troika" officials scrambling to salvage their balance sheets. A joint paper by the U.S. Federal Deposit Insurance Corporation and the Bank of England dated Dec. 10, 2012, shows that these plans have been long in the making; that they originated with the G20 Financial Stability Board in Basel, Switzerland (discussed earlier here); and that the result will be to deliver clear title to the banks of depositor funds.New Zealand has a similar directive, discussed in my last article here, indicating that this isn't just an emergency measure for troubled eurozone countries. New Zealand's Voxy reported on March 19:The National Government [is] 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...
Open Bank Resolution (OBR) is Finance Minister Bill English's favored 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 bailout.
Well now you know what they discuss at those G20 parasite get-togethers.
ann arky's home.