Cyprus

[clester]

What do you think about how Cyprus bailout will affect the markets? I hear theyare taking 7% from everyones bank account to pay for a bailout and to expect runs on the banks. Is this the excuse we need for a sell off?

 

[clester]

What do you think about how Cyprus bailout will affect the markets? I hear theyare taking 7% from everyones bank account to pay for a bailout and to expect runs on the banks. Is this the excuse we need for a sell off?

Futures starting down 1%

 

[JTH]

Yesterday, European officials stunned Cypriots (and many others) by announcing a rescue package for their country that involves a levy on ALL bank deposits.

Sure does make a case for keeping your money under the mattress...

 

[RealMoneyIssues]

More Fuel:

Cyprus president tries to amend bailout plan

 

[burrocrat]

More Fuel:

Cyprus president tries to amend bailout plan

so that's what a financial mma tapout looks like. c'mon euros give the fat banker a chance, quit chokin' him so hard.

he's only trying to please the paymasters while lying to the fish. waa waa waa, game is up. shadow banksters got it all, again.

 

[nnuut]

This could easily expand into a withdrawal fungus, runs on all banks is what the crooks deserve but would throw us into the biggest depression ever, might be what we need to stop the spending and waste corruption! This won't be easy!
Monkey see Monkey Do!

 

[Frixxxx]

Black Swan event......Well, it had to happen.....Ready for it here? Probably not, but then again, who's watching, who's got control?

 

[Warrenlm]

...who's got control?

Gen. Alexander Haig won't say that again.

Certainly with our need to fundamentally transform America and provide for preschool funding, student loan forgiveness, reduction of deficit spending, increases in assistance funding, more obamaphones, etc. the masses will understand the necessity of converting 401ks to TBonds, gradually, and wealth taxes on the Birchtrees This across the board taxation of devaluation has to stop. Those bags of silver coins just jumped in price. Anyone charting that?

 

[Warrenlm]

"Depositor Repression" May Spread To Swizterland, EURCHF Spikes | Zero Hedge

"Moments ago we got news that the same kind of "depositor repression" aka wealth taxjust implemented in Cyprus over the weekend, may spread to other stability and deposit havens. Such as Switzerland."

Just when we thought the toolbox was empty.....