Contemptuous of the nation state, obsessed with expanding its power, the European Union is a vast engine of destruction. In its relentless drive towards political integration, it has ruined our democracy, independence, justice system and borders. The damage inflicted by the EU on the economies of Europe has been just as great. Brussels promised that the creation of the single currency would usher in a new age of prosperity. Instead the euro has created a never-ending nightmare.[Snip] But now, in a dramatic new twist to this doom-laden saga, people living on Cyprus have been told of the arbitrary financial
Comments: If you read the entire article you´ll see the similarities between the EU´s policies and those of the Obama administration when it comes to managing the financial crisis. Seems as if we´re only a few steps behind. If that.
Obama´s shutting down the WH tours may have a lot more meaning than it does on the face of it.Obama´s trying to create the impression that this country is so cash strapped it can´t even afford these tours any more. It could all be a set up to start raiding people´s personal wealth. People aren´t stashing money in the caymans and other places to simply avoid taxes,they´re afraid of losing their money in a government wealth grab.
Taking a wild guess,i think the stock market´s value is over inflated around 30%.I guess that´s a couple trillion in phony wealth created by Bernake´s money pumps.Why is the investment community doing so much better than the real economy which is stagnated at 1.5% growth rate?
Why isn´t any of this artificial wealth trickling down to the real economy. Number one is the fat cats benefiting from this already have all they need.
Barry recently said he doesn´t worry about the U.S. debt because it isn´t really any problem. I guess that´s because he and his traveling DNC sycophants still have plans to confiscate everyone´s 401k´s.
Central Planning, from the Soviets to EU "officials" in Brussels... You´d think that having lived so near to the Soviet threat for so long, Europeans would understand that dictating economies from above only results in misery. One is forced to conclude that within the EU there is more sympathy for Soviet tactics than will ever be admitted. Sorry, Cyprus.
Governments with a redistribution philosophy always end up stealing everyone´s money. Then they can dole it out to their cronies and throw crumbs to the masses which produces extreme poverty and that will result in civil unrest. The state must come in and quash the violence. Vast numbers of people die. The remaining people are enslaved by an oppressive government for their own good. The privileged few and their connected friends prosper. The rest are subjected to a life of despair. Unfortunately, this time, the United States won´t be able to save them because they have been set on the same path by redistributionists here.
#6, when we refinanced the house around the middle of last year, we were required to pay off a relatively small home equity loan--less than half that $10k most of us think is gong to be scrutinized. We put the money in our checking account and when I called the mortgage guy to arrange the electronic transfer, he wanted to know where it came from.
I was annoye3d but managed to restrain myself. Started out with "it´s less than $10k." Response: well, some financial institutions think that´s a lot of money. Did you borrow it? I finally told him it came from under the mattress but he warned me I might have to produce some proof. The mattress doesn´t issue receipts, I said. He didn´t think it was funny.
I felt a bit like a criminal for being able to come up with some cash and told him I thought it was none of his or the institution´s or anybody else´s business. This was NOT a government loan, btw. But apparently new regs require the amount be explained.
10, That´s the problem...it´s already devalued if it sits in a checking account drawing 0.15% or less because inflation is more than that.
#9, you should have seen the circus that ensued when we bought our first new car in many, many years last year. I told them it would be a cash sale, and did they want a cashier´s check or was a personal check acceptable. "No problem," a personal check would be fine. I am the bean-counter and paper-pusher in this family so I sat there and wrote the check. They took it away to get it "verified" and came back and said there was a problem with it. Since I knew there was plenty more in the account than the check was for, I said I would call the bank. Then there was a smoke and mirrors act (well practiced, we now suspect) in which they said, Oh no, why doesn´t Mr. L write one and we´ll try that. Lo and behold, it was just fine! I called the bank anyway. They said there was no reason for it not to work with my signature (which is the one they see 99% of the time anyway).
Some pretty scary news and posts here. Remember, the wonderfully scary healthcare bill gives Uncle Sugar access to our bank accounts? The IRS is the gatekeeper. Yup, that´s reassuring. Of course, our debt is no problem for zippy once he realizes he can seize the funds we and our employers spent years saving and investing. God help us!
I think that the haircut was meant to compensate for the extra seven or so percent the reckless depositors were earning in interest (compared to Euro deposits in non Cyprus banks) in these criminally-controlled banks. They should have let the banks fail and those depositors lose 100% like they did in Iceland.
Still, one less scary way to have accomplished the same thing was to give everyone back the principle plus normal (1/2) percent interest. But everyone posting seems to think the answer is to let the Euro taxpayer foot the bill.
Anyway, everybody should be grateful that we are still allowed to carry any cash at all. People who carry what the Government considers to be a large amount, which is any amount they say it is, stand to have their money confiscated if they travel by air. If airport "security" finds $10k or more on you they take it under the guise that you are probably a drug dealer. Never mind that you are a lawful citizen with a lawful reason to be carrying the money. Besides, since when do I need a reason to carry my own money?
They want to track and tax and re-tax every dollar you have until they have it all - and nothing less will satisfy them. And it´s not just Democrats. "Land of the Free?" I don´t think so!
The thing that kills me is the socialists are doing this to save the banks from failing. Apparently they had no clue that this is more likely to cause the banks to fail and what is even more - could end the EU.
I hate conspiracy theories but I wouldn´t be surprised that the Soros´es are behind this as they sell the Euro short.
The end of banking as we have known it Bring on the Fascist state, what´s mine is mine, what´s yours is mine...it´s good for "society" dontcha know? All those people slobbering in the street need to be protected like an endangered species--the left desperately need their votes. Or at least the left needs their faces and SS#´s and who´s to know what happens to these people when usefulness is gone.
My expectation is we will have hyperinflation. Even with 2,717 MRAP and 1.6 billion hollow points the government elite could not control NYC even with the Bloomberg Army equipped POlice. Gold and asset based companies would soar in value along with the $10 loaf of bread, gallon of milk and gallon of gas. And the low information voters will suffer more than the rest of us for their lack of education and wisdom.
Wait, what happened to all of the Hossana´s last week with the stockmarket soaring over 14,000 and lower unemployment? Is everyone pretending not to notice our entire financial system is broken? We are in much worse sbape than these EU countries and its about to smack the idiots of this country upside the head.
Pope Francis dealt with these sort of austerity measures in Argentina, now he is on stage in Italy just in time to see it hitting there. As Revrun Wright would say the chickensss are coming home to roost. Irresponsible spending and govt waste make this inevitable. Obama makes it inevitable but very few GOP leaders are on record sounding the alarm and none of them made the situation better when they had control. GOP leaders are dithering now by not forcing spending restraint with the debt ceiling power of the purse which they do have.
If you´ll forgive another post--my suggestion is if you have more cash than you need, put it in, e.g., your house payment (if you have one). You can pay ahead for as far as you can see, in most cases. Just make sure you fill out the return stub correctly (i.e., write the amount as extra principal, otherwise the bank will treat it as an interest payment).
If that´s not an option, how about putting the extra into fixing those things on the house or car you´ve been putting off?
I´m sure Ldotters have lots of suggestions to share.
P.S. If you plan to make charitable donations this year, money or goods, do it now. How long will we have that deduction--or mortgage interest, for that matter?
The LoFos will not know anything about this because it won´t be reported, other than on right-oriented blogs. If we had Repubs in charge, the news would be all over it. But they must protect Obama no matter what, so they will ignore this and the LoFos will continue on in ignorance.
#20 I don´t know where you are getting your information from, but my 1-year fixed deposits here in Cyprus (I live in Cyprus) are getting 4.2% and I immediately pay 15% tax on the interest earned as soon as it is posted to the account. I know of no bank offering 7%.
All right, here´s the quick and dirty way to understand the EU. Rent "Weekend At Bernie´s." Apply Bernie´s condition to Greece, Spain, Portugal, Italy, Cyprus, Ireland, (and with France´s mandatory 500K housing starts per year mandate with a max of 269K possible buyers per year) France real soon. They´re all Bernie. The people at the party are most economists and almost all the econ journalists plus bondholders, preferred bondholders and banks. The two zany guys are the IMF, ECB, EU and maybe Merkel, but definitely all the Eurozon-o-crats who know beyond doubt that BERNIE IS FREAKIN DEAD!. You ought to get it from now on that whenever most of the people at the party claim, "Yeah I just talked to Bernie. He´s so funny!" They´re lying. Bernie is DEAD, period and short of a shoot ´em up war, Bernie is NEVER coming back.
There is another point no one has mentioned yet. The low-hanging fruit for them is bank accounts with more than the FDIC limit (currently $250K, I think).
Judge Napolitano (the good Napolitano, not the evil Napolitano) was on Varney´s show this morning and Varney asked the Judge could this Cypriot thing happen in America. He said yes and they could do this with zero legal repercussions if they simply confiscate the money in all accounts that is greater than the FDIC limit.
The Feds ´promise´ to insure every dollar of money in banks that is under the FDIC limit. Anything more than that in an account is ´excess´ that will be trimmed off.
One more thing to those worried about this happening in the US. It already has. Your money is being stolen every time the Fed breaks out the HP printers to pay for debt, pay off bonds, buy failed mortgages, bail out TBTF banks, etc. No need to rob your bank account directly when its being robbed by Keynes and monetarists in the form of inflation, job loss, higher taxes, Obamacare, ad infinitum, ad nauseum. It´ll be a lot better though once Hillary is prez and Moochie´s the VP. We could save a lot of time and misery though if we´d just kill our own grand kids before they turn 18.
Attercliffe´s comment puts it right up front, folks. Obie don´t bother to conceal anything at this point because he thinks there is nothing to stop him, even the dim drones in congress have been silenced. So, I say again, what are we going to do about it?
So I´d just got back from doing a shop at Aldi (*) last night when I noticed that in my absence I´d been mentioned in 120 new tweets. "Ulp!" I thought. "What have I gone and done now?" In Twitterland, you see, being mentioned in lots of tweets is usually a sign you´ve been naughty (* Aldi´s aged sirloin Aberdeen Angus steak is unsurpassed) [Snip] So, as you do, I had a glance at the self-descriptions of my self-appointed Twitter jury and here are some examples of what I found: "Labour party activist"; "Middle-aged old style socialist"; "leftie"; "Guardian-reading
Edward Snowden has finally been granted temporary asylum in Russia. My sources tell me that North Korea was happy to take him, too, but their only airplane is grounded at Pyongyang airport after the pedals fell off. Snowden, you may recall, is the man who exposed the extent to which America spies on its own citizens. A noble cause indeed, although it´s rather undermined by fleeing to a country that … spies on its own people. According to siliconangle.com, back in 2000 Putin introduced a new law that made it possible for eight different intelligence agencies to access all internet
US intelligence leaker Edward Snowden has left the Moscow airport where he has been staying since June, his lawyer told the BBC. Anatoly Kucherena said Mr Snowden had received the necessary papers to enter Russian territory from the transit zone at Sheremetyevo Airport. Russia is currently considering his request for asylum. The US has charged Mr Snowden with leaking details of its electronic surveillance programmes.
National Security Agency Director Keith Alexander jousted with a few hecklers as he defended the U.S. spy agency´s surveillance programs at the Black Hat security conference on Wednesday, but largely kept the crowd of cybersecurity experts and hackers on his side. ´Read the Constitution!´ one heckler shouted at the 61-year-old four-star general as he responded to polite but tough questions selected in advance by conference organizers. ´I have. So should you,´ Alexander shot back, triggering sustained applause. The four-star general, who wore uniform shirt sleeves, was the opening keynote speaker at the annual convention in Las Vegas
With only thin justifications, NSA agents have been spying on Americans online without a warrant- reading emails, chats and browsing histories. Today, The Guardian broke down the process by which NSA analysts tap internet activity by publishing a training guide used to introduce new analysts to X-Keyscore. Described as the ´widest-ranging´ database, X-Keyscore allows analysts to wiretap basically anyone. Snowden was referring to the system when he said in June: ‘I, sitting at my desk can wiretap anyone, from you or your accountant, to a federal judge or even the president, if I had a personal email.’
Every cat owner likes to think they share a special bond with their feline friend, but experts believe that many people might be missing the chance to communicate effectively. Britain´s leading cat charity has produced a video guide to cat behaviour after a study found many owners struggle to understand their pet. The Cats Protection video dispels popular myths such as cats licking their lips when they are hungry or wanting their tummies scratched when they roll over. Animal lovers are often at a loss to explain why their cat extends its tail upwards or rubs against them.
This morning Suzanne Moore has written a typically pugnacious piece in the Guardian attacking what she calls “the anti-feminist backlash”. According to Suzanne, the “Right-wing establishment and its lackeys” are launching a “pre-emptive strike” on the feminist movement. Examples of these lackeys range from Liam Gallagher, through to our own James Delingpole and Toby Young, to Iain Duncan Smith. Even poor old Nick Clegg gets a good shellacking. “Women haven´t won,” she writes, “we are losing our hard-won rights. [Snip] But Suzanne Moore is wrong on one very important point: men aren’t cowed by modern feminism, we’re laughing at
Britain´s diplomatic war with Spain over the Rock of Gibraltar escalated today after border guards turned away truck loads of concrete thought to be destined for a crucial infrastructure project. The Foreign Office issued a strongly worded statement demanding an explanation from Spain, saying the situation was "wholly unacceptable". Express Online has discovered that lorries containing concrete were refused entry at the border yesterday. It is understood the concrete was earmarked for the expansion of an artificial reef off the coast of Gibraltar, a project that has infuriated Spain. The Gibraltar government, which has already protested about what appeared to
Today, Lord Howell is a former Cabinet minister, George Osborne’s father in-law and one of the most decent and thoughtful men in public life. He has also suddenly come to more widespread attention after becoming embroiled in one of those ridiculous rows in which the British governing class now specialises. Earlier this week, Howell dared to volunteer an opinion that parts of the North of England should be used for fracking, because they are empty and “desolate”. It was as though he had proposed carpet-bombing Sunderland. Inevitably, the peer had to apologise for what he tells this
A never-before-heard tape of Monica Lewinsky telling then-President Bill Clinton that she could ´take all my clothes off´ if he agreed to an illicit meeting with her has reportedly surfaced. The tape, which records the White House intern desperately trying to lure him into meeting her, was reportedly released to the National Enquirer after it was obtained by a cleaner hired by friends of Lewinsky. It was long thought that the raunchy four-minute tape, which was recorded in November 1997, had been destroyed after the sexual affair was revealed in 1998, according to the Enquirer. The recording, made months after
In 1936, a grandson of Robert Peel, the great Victorian prime minister, travelled to the British mandate of Palestine to settle the conflict between Arabs and Jews. Why do I mention this? Well, the solution proposed by Lord Peel’s commission in 1937 is, in all essentials, the same as the one that John Kerry, the US secretary of state, urged upon the two enemies when he opened the peace talks in Washington on Tuesday. That solution is the partition of the Holy Land into two states, Israel and Palestine. “To both Arabs and Jews, partition offers a prospect – and
The US economy grew at an annualised pace of 1.7% in the second quarter of the year, the Commerce Department has said. That was a faster pace than expected by economists. It was also up from the growth rate for the first three months of 2013, which was revised lower to 1.1% from 1.8%. A slowdown was widely expected due to the impact of federal spending cuts, but also from the continuing weakness in the global economy. In March, $85bn (£56bn) of public spending was cut as a result of a deal between Democrat and Republican politicians.
Mark Levin, who hosts one of America´s top radio talk shows and is considered by supporters to be the people´s pundit on the Constitution, is rallying his 8.5 million-strong audience to demand an historic convention of state governments to halt the "oppressive power" of the federal government. The author of two New York Times bestsellers on the threats to the Constitution, Levin hopes his latest, "The Liberty Amendments," out mid-August, will spark the state lawmakers to tap a rarely used Constitutional provision to institute measures that would brake President Obama´s use of executive orders, bar thousand-page laws and
The former commander of special operations in Northern Africa told a closed-door briefing today that he was largely detached from events the night of the Benghazi attack as he was traveling at the time. The testimony of Col. George H. Bristol, USMC, Former Commander, Joint Special Operations Task Force-Trans Sahara, Marine Corps Forces Special Operations Command Africa, had been eagerly anticipated by members of Congress. Originally, lawmakers had been told by the Defense Department that he had retired — the actual date is Aug. 1, an “administrative error” according to the Pentagon — and that they didn’t have
FORNEY, Texas - George Zimmerman, the former Florida neighborhood watch leader cleared of all charges in the shooting death of Trayvon Martin, was pulled over for speeding in North Texas on Sunday, CBS DFW reports. According to the station, Zimmerman was armed when officers pulled him over on Highway 80 in Forney, east of Dallas. (Snip) The officer reportedly did not recognize Zimmerman, who was driving a Honda pickup. Zimmerman told the officer he was armed and was then told to put the weapon in his glove compartment, according to the station.
Arizona Sen. John McCain was the Republican Party´s 2008 presidential nominee and he still wants the keys to the Oval Office. But he is beginning to sound more like a fan of likely 2016 Democratic presidential candidate Hillary Clinton. "She´s a rock star," he said in a newly released interview. "She has, maybe not glamour, but certainly the aura of someone widely regarded throughout the world," he added in a reference to her work as secretary of State. McCain, reportedly trying to win back his reputation as a GOP maverick, was asked by the New Republic
Serial sexter Anthony Weiner’s wife partly blamed herself last year when her horndog husband confessed to her that he was at it again. Friends and family told People magazine that Huma Abedin was kicking herself at the time for bailing out of couples counseling and focusing more on their newborn baby boy. But, thanks to a new round of joint therapy that continues even now, the couple was able to put the relapse behind them. “They really became a unit, and she feels much closer to Anthony now,” a relative told the magazine. That’s a long way from how Abedin
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
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.
Embattled Internal Revenue Service official Lois Lerner and an attorney in the Federal Election Commission’s general counsel’s office appear to have twice colluded to influence the record before the FEC’s vote in the case of a conservative non-profit organization, according to e-mails unearthed by the House Ways and Means Committee and obtained exclusively by National Review Online. The correspondence suggests the discrimination of conservative groups extended beyond the IRS and into the FEC, where an attorney from the agency’s enforcement division in at least one case sought and received tax information about the status of a conservative group,
Colin Powell has admitted to exchanging ´very personal´ emails with a Romanian diplomat but denies having an affair with the much younger woman after a hacker threatened to release their intimate messages. The 76-year-old retired general told the Smoking Gun that he met Corina Cretu, 45, roughly 10 years ago when she was working as an assistant to the president of Romania. She is now a member of the European Parliament. ´After I left the Department of State in January 2005 we stayed in touch via email,´ he told TSG.
Sen. John McCain — a Democrat? There was confusion Wednesday after the Arizona Republican mistakenly strolled into President Obama’s meeting with Senate Democrats at the Capitol. The room full of Democrats — who happened to be meeting in the same room where the Senate GOP usually holds their weekly policy luncheons — erupted in applause and laughter as the former Republican presidential candidate made his entrance. As McCain, 76, walked out of the Dem-filled space, reporters pressed him as to why he stepped foot in the room.
In preparation for the release of Oscar-bait film The Butler, Forest Whitaker, Oprah Winfrey, and director Lee Daniels (Precious) sat down with Parade magazine. The film chronicles a butler (Whitaker) who works in the White House through seven administrations. Winfrey plays the butler’s wife. In the interview, Winfrey explained her sadness that so few Americans know about the history of the civil rights movement: “They don’t know diddly-squat. Diddly-squat.” She then said of the historic use of the n-word, “I always think of the millions of people who heard that as their last
If we learned anything about Barack Obama in his first term it is that when he starts repeating the same idea over and over, what´s on his mind is something else. The first term´s over-and-over subject was "the wealthiest 1%." Past some point, people wondered why he kept beating these half-dead horses. After the election, we knew. It was to propagandize the targeted voting base that would provide his 4% popular-vote margin of victory—very young voters and minorities. They believed. He won. The second-term over-and-over, elevated in his summer speech tour, is the shafting of the middle class. But