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Tag Archives: Cyprus
Bailout Closing: Cyprus & lenders agree on taxing deposits
From YouTube: Cyprus and international lenders have managed to strike a long-awaited agreement on taxing bank deposits of over 100-thousand euros held with the country’s biggest bank. Customers who keep large sums of money in other banks will also be … Continue reading
It’s all downhill, and accelerating, from here
The situation in Cyprus reminds me of watching the Iron Curtain fall in Berlin. The collapse of the Soviet Union, 9/11, the Gulf War, or the earthquake in Japan also kept us mesmerized as we watched and wondered how this … Continue reading
Posted in Editorial, Safety and Preparedness
Tagged Capital Controls, Cyprus, Euro, European Union
1 Comment
ALL YOUR FIATS ARE BELONG TO US!
Is this you? Are you waiting for the government that is responsible for bankrupting our country to fix a $200 trillion debt? The phrase “Too Big To Fail” should have been our first hint that our economic problems cannot be … Continue reading
Posted in Editorial
Tagged Cyprus, ECB, Economic Collapse, Fiat, Handelsblatt
Comments Off on ALL YOUR FIATS ARE BELONG TO US!
Watch Cypriot Riots Live
Does anyone want to watch live riots? Apparently the discontent is spreading in Cyprus as people realize the true reality of their economic situation. To put this into perspective: the amount of debt of the US to Cyprus is 16667:1. … Continue reading
Cyprus blocked accounts of Russian government officials. The situation is developing in the most negative scenario
Dmitry Medvedev said that the amount of so-called “gray deposits” Russians in Cyprus banks are exaggerated, and that in Cyprus running “a large number of government agencies,” the Russian Federation, “as it is convenient for the jurisdiction of the transaction.” According … Continue reading
Euro Banking System On The Verge Of Collapse
News came out yesterday that all Cypriot banks will continue to be closed until at least next Tuesday and may remain closed permanently. Last week, the European Central Bank threatened to cut the Emergency Liquidity Assistance which Cyprus had been … Continue reading
Posted in Editorial, Financial
Tagged Cyprus, Economic Collapse, Euro
Comments Off on Euro Banking System On The Verge Of Collapse
Coming to a Bank Near You
What would you do if the banks are closed for a bank holiday, the ability to withdraw money is limited and credit cards are not accepted. Ask the people in Cyprus. David DeGerolamo Pictures From A Cyprus ATM Line For … Continue reading
Cyprus banks won’t open before Tuesday at earliest
What would you do if the United States declared a bank holiday for over a week? David DeGerolamo From AP NICOSIA, Cyprus — Banks in Cyprus will not open before Tuesday at the earliest as government officials try to find … Continue reading
Posted in Editorial, Financial
Tagged Bank Holiday, Cyprus
Comments Off on Cyprus banks won’t open before Tuesday at earliest
Cyprus Coverup the Next Benghazi?
Just over two years ago, a Russian owned, Cyprus flagged vessel, carrying munitions to Syria, was boarded and searched. The ship was turned back to Cyprus, and the US instructed the Cypriot government to impound the munitions. The munitions then explode without … Continue reading
Υποστολή σημαίας, Γερμανική Πρεσβεία Senken fahne von Deutschland
The flag over the German Embassy in Cyprus is torn down. More…
Cyprus Bank Holiday Extended to Thursday
The Cypriot bank holiday has been extended from Monday to Tuesday to Thursday. The people are out in the streets and every nation is denying responsibility for the “terms” of the bailout which was the confiscation of private property. If … Continue reading
Posted in Editorial, Financial
Tagged Bank Holiday, Cyprus
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Ireland is the Next Cyprus
This isn’t a long post, just a brief set-sum analogy to make you think. Ireland, Bermuda, and the Cayman Islands are the British/US analogues of Cyprus in relation to wealthy Russian investors – off-shore “tax havens”. I have picked Ireland … Continue reading
Posted in Editorial, Financial
Tagged Bank Holiday, Cyprus, Ireland
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Nikkei Opens Down
The Nikkei has opened down 1.56% At 12,365.44. After ten minutes, it is down 2% at 12,309.80. Predictions for the Japanese market prior to the open were 5oo points down. The whole world is watching. David DeGerolamo
This Crazy Cyprus Deal Could Screw Up A Lot More Than Cyprus…
You can be forgiven for thinking that you don’t need to give a hoot about what’s going on in Cyprus this weekend. After all, it’s just a little island somewhere in the Mediterranean. But what’s going on in Cyprus could … Continue reading
Posted in Editorial, Financial
Tagged bank runs, Cyprus, United States
Comments Off on This Crazy Cyprus Deal Could Screw Up A Lot More Than Cyprus…