Get your money out of the banks.Due to an “emergency deal reached today in Brussels”, a one-time 9.9% tax is to be levied on Cypriot bank deposits of more than 100,000 euros effective Tuesday, March 19. Virtually overnight and with no warning of any kind, the emergency tax deal was imposed on the people of Cyprus without vote or debate. People ran to ATM machines today only to discover that the taxed amount of their cash had already been frozen. Monday in Cyprus is a national holiday, the first day of Greek Orthodox Easter.
Comments: Please balance headline word count. Staff
Excuse the third post but for my money this could be the trigger for a world wide run on banks. We will see by Monday noon if this is possible. At the very least the stock markets could take a dive. This is not a good thing.
Is this why John Corzine broke the law he helped pass and bet on the PIGS and hasn´t been prosecuted? He had advance info that eventually they would be bailed out even if it meant stealing people´s,savings accounts? Kitchener must be smiling. Obama must be drooling. No wonder he doesn´t think their is a spending problem -they will just steal it from the iras 401ks etc.
#6 I do have sympathies for tax evaders. I applaud anyone who does everything they can to keep their monies from these tyrannical governments around the world. Apparently, even they got caught.
This story has gotten too little attention. They did it on a Friday night of a three-day weekend. There will be panic in the markets on Tuesday, maybe even earlier on Monday as people across Europe start to buy gold with their cash. Look for the Euro to plummet. I really don´t know what is going to happen to the dollar.
Cyprus seems so small, but this is just a spark that could ignite a conflagration.
In January, Russia officially approved Cyprus for investment thus formalizing an arrangement that been going on for years where Russian oligarchs (i.e. ex KGB/Russian Mafia) laundered money through Cyprus. The Eurocrat thieves probably thought themselves clever stiffing the Russians. I wonder...
Reporting live from Cyprus - I moved here about 2 years ago.
This is pure unadulterated theft! And if you don´t think it can happen to you, think again. I am absolutely furious. I am not wealthy nor am I avoiding taxes nor laundering mafia money from Russia. Neither are my friends who live here. We are mostly working class people with families to support or retirees on fixed pensions. This is going to kill many of us. It is certainly going to kill the already fragile Cypriot economy and is definitely going to kill Cyprus´ banking sector. It will send more British expats packing.
Monday is a holiday; this is a big holiday weekend. No one is celebrating. Where I live, it is very quiet, very unusual for a major holiday (Cypriots are not a quiet people when it comes to celebrations).
Latest news is that the Parliament still has to vote on this matter. They have now made Tuesday a bank holiday and possibly the rest of the week; I expect to avoid a run on the banks.
The depositors should not be paying for the sins of these banks and the Cypriot government. Government officials and senior bank officials have been living high on the hog for years and now they are making the little people pay for their grossly expensive lifestyles and bad decisions. This year, we have already experienced increases in gasoline tax and VAT, with more to come next year, in order to satisfy the Troika.
We can all be very certain that government officials and higher up banking officials knew about this in advance and were able to move their money out of the banks before the implementation of this levy.
The Fifth Amendment to the U.S Constitution provides in part: "nor shall any person . . . be deprived of life, liberty, or property, without due process of law; nor shall private property be taken for public use, without just compensation." The founding fathers tried their utmost to protect us against kleptocratic monarchs. Now we know we need the same protection against Socialist european "economists." I wait to hear what reaction is made by ths White House. If the U. S. government does not soundly come down on the side of the Bill of Rights against the EU Socialists, then we will know how very deep our trouble is.
The most effective way to survive President Barack Obama is to keep right on doing what he doesn’t want you to do. In one word: Communicate. These are the days when Communication is more important than most anything else. Communicate to as many others as you can by every means possible. Communication is how Obama keeps his control over America. Patriots taking a page out of Obama’s book will one day turn the tables on the most anti-American president in history. While he takes away jobs and deliberately stokes racial unrest, Obama wants you to suffer in silence. Don’t comply.
Move over Jane Fonda, President Barack Obama has all but toppled you from that iconic anti-aircraft gun perch as as America’s top Communist Viet Nam booster. Talking to reporters as he stood beside Vietnamese President Truong Tan Sang yesterday, Obama told his biggest whopper to date:...”we discussed the fact that Ho Chi Minh was actually inspired by the U.S. Declaration of Independence and Constitution, and the words of Thomas Jefferson.” (Fox News, July 25, 2013) (Snip) Truth is Ho Chi Minh was about as inspired by the U.S. Declaration of Independence and Constitution, and the words of Thomas Jefferson as Obama is.
Putting your private parts out on public display is a guarantee for overnight celebrity. Scandalous as he is, Anthony D-for-dong-Weiner counts on the celebrity of being married to Huma Abedin, a longtime close aide to Hillary Clinton, in membership of the celebrity class that now rocks the world. Lady Gaga, Kim Kardashian, Barack Obama and asundry others in Extroverts-Are-Us Inc. are the darlings of today’s celebrity class. Celebrity status is so blindly admired by the masses in today’s pop culture that Obama is using celebs to make Obamacare a fait accompli.
Of course, Obama will do everything humanly possible to bail out Detroit—in one fashion, or another. There can be no question about it. After all, Detroit IS spelled: U-N-I-O-N. There are a host of municipalities standing by, holding their collective breath as they wait to see what the federal government will do about Detroit. IF the US government writes a check to Detroit, get ready. The flood gates will open and, in the twinkling of an eye, the US Treasury will be bone dry—or at least
Like the long ago Stella of movie fame, President Barack Obama seems to be losing his groove with his own dissident army of low information voters on the race riot march. Proof of Obama’s gargantuan groove dive: At Friday’s White House press conference: “Trayvon Martin could have been me 35 years ago.” Obama-style one upmanship after saying: “If I had a son he would look like Trayvon”. This should have been all that Rev. Al Sharpton needed to take millions of protesters to the streets in the beginning of what originally looked like an America
The latest liberal idiocy involves white college kids apologizing for their “white privilege” by declaring “I am not Trayvon Martin”. Of course they’re more likely to get assaulted going through a black neighborhood, than the Trayvon Martins are going through a white neighborhood, but facts like that stopped mattering years ago. So let me take my own shot at it. I am not Trayvon Martin. Not just because if confronted by a local Latino homeowner, I’m not likely to pick up a fight with him and beat him until he shoots me.
“We have just learned that Larry Grathwohl was found dead in his Cincinnati apartment,” colleague Doug Hagmann wrote in an email to Canada Free Press (CFP) this evening. “Many of us are in shock tonight,” Tina Trent wrote in her blog. The lifelong courage of Larry Grathwohl brought him legions of fans, many of whom will be heartbroken upon hearing this news. It was Grathwohl who awakened America to the inherent dangers of Barack Obama in the run up to the 2008 presidential election when he described a meeting he attended where Bill Ayers and Weather Underground
US Attorney General Eric Holder has geared up and is apparently in full combat mode for a righteous war on violence against the young. Yes, this is the same Eric Holder who was party to the shipment of guns to Mexico in the Fast and Furious scandal, which cost hundreds of Mexicans and Americans their lives. And this is the same scoundrel who is still in contempt of Congress for failing to turn over documents related to that awful debacle. THAT Eric Holder has now audaciously appointed himself the great protector of the young and innocent, as reported:
It should go without saying that love and pride of country should be the first qualifications for anyone seeking the presidency of America. President Barack Hussein Obama came into the power of the White House as an activist—pushed by activists. Foreboding for the future of America, Obama will always be an activist . He doesn’t know what else to be because he’s always been an activist. Even as an Illinois senator, he merely wore the title without doing any of the heavy lifting.In the day-to-day running America, Obama leans on the tools of activism and has been doing
A lie is a lie in any language. A lie is a lie in any country. And on today’s political front there is no bigger liar than President Barack Hussein Obama. Obama, who reiterated only yesterday that the U.S. is not aligned with and is not supporting any particular political party or group while condemning the ongoing violence across Egypt, is lying and his condemnation of the violence merely the far away mewlings of a paper tiger. Obama gave Muslim Brotherhood Egyptian President Mohamed Morsi $250-million only last March 5th. Obama also gave Morsi 200 Abrams tanks and 12 F-16s delivered in
How do you spell “OORAH” in Arabic? The outcome of what may have been the largest pro-democracy demonstrations in human history has shown President Barack Hussein Obama for what he really is: a Muslim Brotherhood-advocating failure. With Obama’s $250 million March 2013 gift still in his pocket; the 12 F-16s already delivered this year, with the promise of another eight by the end of the year, and 200 (count ‘em) Abrams tanks, Muslim Brotherhood Egyptian President Mohamed Morsi is under house arrest.The coup d’état that saw millions cheering on the streets in what is allegedly the
Consider Barack Obama’s yesterday telephone call from Africa to Egyptian president Mohamed Morsi as a pep talk from one control-crazed Muslim brother to another. The Holy Bible instructs “As you sow so shall you reap”, but Obama doesn’t get it. The Frankenstein radical Islamist Obama put into power in Egypt is falling apart at the seams; his handing a country over to the Muslim Brotherhood, proving to be an epic failure. More Egyptians are protesting Morsi than those who voted him in: 14 million people marched against him, on Sunday, destroying Muslim Brotherhood headquarters,
Conservative bloggers went wild Monday when they got wind of the Congressional Black Caucus’ suggestion that President Obama pick Rep. Sheila Jackson Lee of Houston for the post of Secretary of the Department of Homeland Security. Rich Cooper, avid blogger for Security Debrief, responded to the news of the Jackson Lee recommendation in a post by saying, “Apparently, it is not a joke. For reasons that baffle any sense of reality, it is a serious gesture on the part of the Congressional Black Caucus (CBC) to encourage President Obama to nominate Rep. Jackson Lee
There have been days since her son Ezekiel was born 11 months ago that Los Angeles mom Beth Capper has gone without food to keep up her supply. One friend was arrested for stealing some. It´s not drugs or alcohol or even baby formula that has put her in such a bind. It´s diapers. "There´s no way around buying them," said Capper, a 41-year-old single mother who doesn´t work because of a disability. Across the country, mothers like Capper are facing the same predicament. According to a report published Monday in the
America is in great shape energy-wise. We have more gas and oil reserves than ever before. Indeed, the United States could shortly become the world’s largest exporter of coal. Our cheaper power rates may bring energy-intensive industry back from Europe and Asia. If America’s small colleges are nearly broke and our public schools failing, nonetheless our blue-chip universities’ math, science, and engineering departments, and professional schools, remain the best in the world. (Snip)In our age, Nobel laureate, exempt Al Gore proved a fraud: the feminist who was accused of groping a woman in crazed sex-poodle fashion;
It is a small Alaskan village whose inhabitants have relied on the sea for countless generations. But within a decade, it is expected that the ocean which the village of Kivalina has so relied on will completely destroy it--creating America´s first climate change refugees. Temperatures in the Arctic region of Alaska are warming twice as fast as the rest of the U.S, causing ice to retreat, sea levels to rise and coastal erosion to increase. It is a small Alaskan village whose inhabitants have relied on the sea for countless generations. The 400 indigenous Inuit inhabitants of Kivalina, who live
Gotta figure her lead would be even bigger without Joe Miller in the field here. Her nomination for the taking? Alaska should be a top tier pick up opportunity for Senate Republicans next year…but their top choice of a candidate is Sarah Palin. 36% of GOP primary voters in the state say they’d like Palin to be their standard bearer against Mark Begich to 26% for Mead Treadwell, 15% for Dan Sullivan, and 12% for Joe Miller.
In an interview on National Public Radio (NPR), House Minority Leader Nancy Pelosi said her new agenda for women will give mothers access to day care so they can “earn without carrying the burden of child care.” During the interview, aired on Weekend Edition Sunday, Pelosi spoke about her newly announced agenda, which is on her website, and is titled, “When Women Succeed, America Succeeds: An Economic Agenda for Women and Families,” a plan that includes universal pre-school and access to day care for working women, and an increase in the minimum wage.
Many low-income families receive government assistance to help them purchase food and housing. Diapers are another story, a new study suggests. In what they are calling the first peer-reviewed study to quantify diaper need, Yale University researchers have found nearly a third of mothers cannot afford to purchase their infants diapers, raising health risks for not only babies but for moms who become stressed over the finances. "Notably absent from the antipoverty efforts targeting families is an essential staple for the health of children, diapers," wrote the researchers, led by Dr. Megan Smith,
Mideast: The sequester has "cost jobs," says President Obama, and "gutted investments in education and science and medical research." But somehow he´s earmarked $500 million for Hamas terrorists. Circumventing Congress and with no fanfare, President Obama last week issued an executive order enabling him to send an additional $500 million directly to the Palestinian Authority in the West Bank — much of which you can bet will wind up going to the Iranian-backed Hamas terrorist organization. According to Obama, "it is important to the national security interests of the United States to waive the provisions of" Congress´ legislative restrictions "in
The mother of Trayvon Martin said Monday that she believed Florida’s Stand Your Ground law played a role in her son’s shooting death, but she wasn’t ready to support a boycott of the state for not changing the self-defense law. “The thing about this law is I just think it assisted the person who killed my son to get away with murder,” Sybrina Fulton, the mother of the 17-year-old from Miami Gardens, said at a National Bar Association event in Miami Beach. “I think we have to change these laws so people don’t get
A group of experts advising the nation’s premier cancer research institution has recommended sweeping changes in the approach to cancer detection and treatment, including changes in the very definition of cancer and eliminating the word entirely from some common diagnoses. (Snip) The group, which includes some of the top scientists in cancer research, also suggested that many lesions detected during breast, prostate, thyroid, lung and other cancer screenings should not be called cancer at all but should instead be reclassified as IDLE conditions, which stands for “indolent lesions of
Karl Rove and more than one hundred Republican donors sent a letter to Republican members of Congress on Tuesday, urging them to pass a comprehensive immigration reform bill that would include, among other provisions, granting "legal status" to illegal aliens who meet certain criteria. Anticipating that lawmakers will face resistance to the bill when they go home for the August recess, the letter marks the escalation of a campaign in which Republican leaders and donors are pressuring House Republicans to act on an immigration reform bill.
President Obama has been rolling up his sleeves campaigning across the country delivering a surreal stump speech message supposedly aimed at the middle class: big government works, Obamacare is manna from heaven, the wave of recent scandals are “phony” figments of the imagination, and all economic problems are the fault of the Republicans. Conveniently, he leaves out the bankruptcy of Detroit, a city run by his own party for more than half a century. His message is so stale and unconvincing, that even The New York Times and Washington Post have noticed. Both papers, usually loyal to Obama, remarked that