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CYPRUS : BANK RUNS HAVE STARTED !
03-17-2013, 03:44 PM, (This post was last modified: 03-17-2013, 03:52 PM by shortwave.)
#1
CYPRUS : BANK RUNS HAVE STARTED !
HOT: CYPRUS : The Bank runs have started! ATMs drained as bailout tax triggers run on bank deposits

http://www.theage.com.au/world/atms-drained-as-bailout-tax-triggers-run-on-bank-deposits-20130317-2g8rx.html

In a move that could set off new fears of contagion across the eurozone, anxious depositors drained cash from ATMs in Cyprus on Saturday, hours after European officials in Brussels required that part of a new €10 billion ($12.6 billion) bailout must be paid for directly from the bank accounts of savers. The move - a first in the three-year-old European financial crisis - raised questions over whether bank runs could be set off elsewhere.
___________________________________________________________________________________________


(Another report on it)

BREAKING ALERT! CHAOS IN CYPRUS: “Thousands” Are Withdrawing Their Money; ALERT IN THE SOUTHERN EUROPEAN COUNTRIES – Cyprus-Rescue Shows, No Accounts Are Safe!

http://investmentwatchblog.com/breaking-alert-chaos-in-cyprus-thousands-are-withdrawing-their-money-alert-in-the-southern-european-countries/


Cyprus-rescue shows, not bank accounts are safe

UPDATE – As is reported from Cyprus was a run on the banks by the “expropriation announcement” instead. Many people tried the morning their accounts with the banks to vacate the Saturdays are open. However, they were informed by bank staff, the computer system of the banks would be put out of operation. To forestall one bank runs, the corresponding amounts have been frozen all accounts of the night. The ECB executive board member Joerg Asmussen said after the talks in Brussels: “Before the banks reopened, the levy deducted. The rest of the money is freely available. ”
"They scare us all with threats of war. So we forget just how bad things are." 'Open Your Eyes' - Lords Of The New Church 1981



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03-18-2013, 04:00 AM,
#2
RE: CYPRUS : BANK RUNS HAVE STARTED !
HOLY FUCK!! Taking money from people's accounts to give to the banks which manufactured the crisis in the first place is outright theft on an unprecedented scale. It's now obvious that the scum running the IMF are actively encouraging people to revolt - as they have done successfully in the past.
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03-18-2013, 04:23 AM,
#3
RE: CYPRUS : BANK RUNS HAVE STARTED !
(03-18-2013, 04:00 AM)stiffy Wrote: HOLY FUCK!! Taking money from people's accounts to give to the banks which manufactured the crisis in the first place is outright theft on an unprecedented scale. It's now obvious that the scum running the IMF are actively encouraging people to revolt - as they have done successfully in the past.

Thats what happens with fiat currency, wait till the same happens here.

hmmm, perhaps that is why they want our guns.
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03-18-2013, 04:59 AM, (This post was last modified: 03-18-2013, 06:11 AM by macfadden.)
#4
RE: CYPRUS : BANK RUNS HAVE STARTED !
JFK Wrote:Thats what happens with fiat currency

That is not what happens with fiat currency, fiat currency is not the problem. Can you correctly identify the problem or is this just some more empty propaganda from yet another intellectually bankrupt free market goldist?







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03-18-2013, 07:39 AM,
#5
RE: CYPRUS : BANK RUNS HAVE STARTED !
Thanks for the vids, macfadden. They bring to the forefront of this whole issue the fact that money is only as valuable as those who control it deem it is. People don't control money, and if my understanding is even close to how things work governments don't control money; governments just issue the orders based on what the corporations which control the money dictate, and we people are enslaved to currencies while, for the most part, we're kept under the illusion that "the money I have is mine".

But time and time again, it's been proven that money can be devalued rather quickly regardless of what the majority want. Hence, it's a minority that has ultimate control over money.

With these in mind, the question arises: with how dependent the world is on government-sanctioned currency, what could possibly be used to replace it while maintaining the individual levels of societies on the planet? The last thing we'd really want is to cause billions to starve because a shift in currency took control away from the corporations we currently rely upon to feed and clothe us, so such a new system would have to be introduced gradually, while keeping TPTB at bay because anything that threatens their control will be met with retaliation.
Truth appears in many forms. Find those that resonate with you.

- "If we do not believe in freedom of speech for those we despise, we do not believe in it at all." - Noam Chomsky
- "Humans are not a rational animal, but a rationalizing one." - Leon Festinger

http://avaaz.org - The World In Action
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03-18-2013, 02:50 PM,
#6
RE: CYPRUS : BANK RUNS HAVE STARTED !
(Some more links if anyone is interested...this is starting to get a lot of traction )

Cyprus deal shock sends shares tumbling, gold up
http://finance.yahoo.com/news/yen-firms-asia-shares-fall-001926588.html

LONDON (Reuters) - The surprise decision by euro zone leaders to part-fund a bailout of
Cyprus by taxing bank deposits sent shockwaves through financial markets on Monday, with
shares and the bonds of struggling euro zone governments tumbling.
------------------------------------------------------------------------------------------
Europe is risking a bank run By Wolfgang Münchau

http://www.ft.com/intl/cms/s/0/b501c302-8cea11e2-aed2-00144feabdc0.html#axzz2NtbKEH5y

..."Once fear reaches a critical mass, people will act, and then a bank run becomes a
self-perpetuating process...... I have no idea whether or not there will be a bank run in
the next few weeks. But surely it would be rational."
------------------------------------------------------------------------------------------
Osborne vows to protect Britain's armed forces in Cyprus as cash machines are EMPTIED and
60,000 British savers face losing millions in 10% bank account tax

http://www.dailymail.co.uk/news/article-2294388/Cyprus-bailout-Osborne-vows-protect-Britains-armed-forces-Cyprus-cash-machines-EMPTIED.html

Lines formed at ATMs as people scrambled to pull their money out
Word spread that rescue package included a one-off levy on deposits
Restrictions stopping people emptying accounts or moving money abroad
Up to 3,000 British service personnel are based on the bankrupt island
President Nicos Anastasiades agreed to raid with European finance chiefs
Said country in 'state of emergency' and not acting would be 'catastrophic'
But expats accused the island of 'plain theft' as violent protests sparked
Britons have about £1.7b of deposits on island and could lose up to £170m
-----------------------------------------------------------------------------------------
(Lastly we are getting a warning about here in the U.S.)

Former US Treasury Official - US Financial System To Collapse

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/3/16_Former_US_Treasury_Official_-_US_Financial_System_To_Collapse.html

“Unless these derivatives all net-out in some way, the bank (JP Morgan) has no way of
covering its exposure ... When you have your top policymakers so utterly incompetent, well,
then you are going to be in a huge mess ... So they’ve gone from one crisis to putting in
place the foundation of a much bigger crisis. There is no way for them to avoid it unless
people think that dollars can be printed indefinitely without any effect on the value of the
dollar. But of course the demand for dollars is not growing in keeping with the supply. So
we have a potential massive crisis waiting to happen, but you can never predict what sets
something like that off.”
"They scare us all with threats of war. So we forget just how bad things are." 'Open Your Eyes' - Lords Of The New Church 1981



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03-18-2013, 04:37 PM,
#7
RE: CYPRUS : BANK RUNS HAVE STARTED !
(03-18-2013, 04:00 AM)stiffy Wrote: Taking money from people's accounts to give to the banks which manufactured the crisis in the first place is outright theft on an unprecedented scale.

Not really. The Inflation Tax is thousands of times more lucrative.

This little savings account scrape is chump change.
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03-18-2013, 05:24 PM,
#8
RE: CYPRUS : BANK RUNS HAVE STARTED !
(03-18-2013, 04:59 AM)macfadden Wrote:
JFK Wrote:Thats what happens with fiat currency

That is not what happens with fiat currency, fiat currency is not the problem. Can you correctly identify the problem or is this just some more empty propaganda from yet another intellectually bankrupt free market goldist?
Sorry, I disagree.
First the/my definition of fiat money
Quote:Definition of 'Fiat Money'
Currency that a government has declared to be legal tender, despite the fact that it has no intrinsic value and is not backed by reserves. Historically, most currencies were based on physical commodities such as gold or silver, but fiat money is based solely on faith.
I have bolded the relevant portion.
If their money was backed/based in either gold or silver they would not be having problems now, and we would not be having problems in the future.

And needless to say I have lost faith in my government.
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03-18-2013, 08:14 PM,
#9
RE: CYPRUS : BANK RUNS HAVE STARTED !
(Looks like they can pull that Cyprus stuff here in the U.S.)

Cyprus - It has already been allowed here in U.S. MF Global and a Fed Reserve New Policy - Freezes everyone's accounts if need be. Now desperation is starting, open stealing in full view

http://sherriequestioningall.blogspot.com/2013/03/cyprus-it-has-already-been-allowed-here.html

I have been astounded about what is happening in Cyprus. I have been reading everything I can and have gone to Cyprus online news websites and translating them.

What Cyprus proves is.. the Governments and Banks of the world don't give a Sh** about the people. They are all above the law and lie, steal and cheat everyone out of their money. They want to make the people poor and dependent upon them. They will live their high life and spend money as they want and give themselves huge bonuses, because they know if they have to.. they can just simply steal everyone's money out of the bank.

The people of Cyprus are locked out of their accounts and there is no guarantee they will be able to get any money out tomorrow, when the banks are suppose to reopen. (update - the parliament is now delaying meeting yet another day to vote on the stealing of the money, so the banks will not open tomorrow after all.)

The situation around the world has been bad since 2008 and they have put bandages on it to cover the wounds up. But those bandages are loosing up and about to fall off and reality of how large the wounds have gotten over the years will be in full view. The desperation of the banks from their loose monetary policies is becoming so apparent that they are now willing to openly steal from the people.

We had MF Global and PF Global, besides Lehman and Bear Stearns here in the U.S. The people were blindsided with each one.

People don't realize it, but we have had our Cyprus events here in the U.S. already. The government and courts were involved with the not so obvious stealing of people's money and metals.

JP Morgan was allowed to steal people's money directly from their accounts at MF Global. After that the courts sanctioned the stealing by making the bankruptcy as an equities one instead of a commodities one, which would have put the people first in getting their money back instead of banks.

The courts have already ruled that deposits in the banks are not guaranteed to the people. Besides that the Federal Reserve has implemented a policy that all money in banks and other investments can be frozen if the need arises.

http://www.shtfplan.com/headline-news/warning-get-your-money-out-all-customer-deposits-in-the-united-states-are-now-the-legal-property-of-jp-morgan-goldman-sachs-megabanks_08122012

the Federal Reserve also implemented a new policy for money market funds held by financial institutions. Per the new policy, money market funds, which account for some $2.7 trillion in deposits across the United States, can be frozen in the event of an emergency or financial panic. This means that if and when the system does go into a tailspin, at exactly the time people will want to pull their money out of their bank account, they will be restricted from doing so.


This event in Cyprus may wake some of those who are slumbering up, I am sure in Cyprus it is doing that.

They had promised the people over the last month, they would never take money from people's accounts in the bank. I have read that over and over again in comments on Cyprus news sites.

The Eurozone controllers demanded Cyprus steal the people's money directly out of their accounts for the debts of the bank. The people have worked hard and they already pay outrageous taxes and they have the highest utility charges in the world. I have been reading how they are charged 500+ Euros per month for very little electricity used. The IMF and Euro managers have even mentioned possibly doing something like the Cyprus stealing in Italy if necessary.

Are they so seriously deranged, sociopaths and psychopaths now... they aren't even considering that people will fight back? Are they so stupid that they don't realize people may get ahead of their legal stealing and take their money out of their accounts? They want to save banks? Well if people are smart and waking up they are going to rush to their bank and get all their money out. I would imagine there will be bank runs in Europe, especially in Greece and Italy. I can only hope they are smart and bank runs start. The banks and governments may have just put their nail into their coffins. They are being shown they can not be trusted for one second. They will tell you one thing and then turn around and do another.

If anyone of us, stole even a dollar out of someone else's account, we would be charged with a Federal crime. Yet the privately owned banks can literally steal billions out of people's individual accounts and it is all sanctioned by the governments.

They are Private banks that gambled away money and loss! It is just as if we had gone to a casino and gambled money ourselves and loss. We can't expect the government to come and steal from the person sitting next to us to cover our losses. We have to suffer. Yet, banks can gamble in derivatives and everything else and the governments will always make sure they recover their losses either by printing or by just saying to the people... "Give the bank your money."

Needless to say Zerohedge is all over the Cyprus stealing and I highly advice people to read what the articles they are putting out about it all.

People need to remember if they believe their money is safe in stocks, that is not true. I posted a year ago about how stocks are actually owned by the Federal Reserve through a broker. All stocks are put in one name and it is not the person who purchased them.

Literally the only place money is safe now is, in your own hands or in gold and silver as an investment and insurance against inflation.

I hope people in the U.S. are paying attention. There has been discussions about using people's retirement money for government bonds here. So that will be a sanctioned stealing of people's money by saying it is for 'the people's protection.'

If people believe the U.S. will never do as Cyprus is doing, then they have not paid attention. Cyprus is following the U.S.'s lead in reality. When the U.S. allowed/sanctioned JP Morgan to steal billions directly out of the people's accounts at MF Global they set the precedent of banks around the world to see it can be done. In the U.S. the people are so asleep and due to the MSM never saying a word about the stealing most do not even know it occurred. Corzine is best buddies with Obama, he was never charged and is even allowed to now trade other people's money again.

If you notice the big MSM sites don't even have the Cyprus situation as big news, it is only small blurbs on their pages of distraction news.

Here is my message to all the Banks.

It is time for people to wake up and if they don't do it now, will they do it when all their money is stolen by the government and banks out of their own accounts? When their retirement money is gone and literally any money saved is stolen for the "good of the country and banking system?"

Is it any wonder DHS is buying 2700 armored vehicles for the U.S and have purchased 2 billion rounds of ammo. Is this for the day the government allows the banks to keep all deposits, retirement, stocks, safety deposit boxes contents and every other investment the people have for the 'good of the banking system?'

May the bank runs begin and the Fiat money system is crashed around the world!
"They scare us all with threats of war. So we forget just how bad things are." 'Open Your Eyes' - Lords Of The New Church 1981



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03-18-2013, 10:24 PM,
#10
RE: CYPRUS : BANK RUNS HAVE STARTED !
JFK Wrote:
(03-18-2013, 04:59 AM)macfadden Wrote:
JFK Wrote:Thats what happens with fiat currency

That is not what happens with fiat currency, fiat currency is not the problem. Can you correctly identify the problem or is this just some more empty propaganda from yet another intellectually bankrupt free market goldist?
Sorry, I disagree.


It's not an agree/disagree issue, it's not an open question. You are just very foolish and very wrong.

JFK Wrote:If their money was backed/based in either gold or silver they would not be having problems now, and we would not be having problems in the future.

They would be having a whole different set of problems that would amount to exactly the same thing.




JFK Wrote:And needless to say I have lost faith in my government.

I never had any to begin with, government is structured by criminals and elected by retards.
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03-18-2013, 10:57 PM,
#11
RE: CYPRUS : BANK RUNS HAVE STARTED !
ROTFLMAO
I clicked off after he said the JP Morgan was for the gold standard.
Obviously you are clueless as to the origin of the Federal Reserve which happens to be neither.
If you wish to educate yourself I suggest you pick up and actually read a book titled "The Creature from Jekyll Island" which details the sordid affair of corrupting our monetary system in favor of the bankers. One of the characters as in fact JP Morgan himself.

Your videos are a major fail.
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03-19-2013, 02:02 AM, (This post was last modified: 03-19-2013, 02:19 AM by macfadden.)
#12
RE: CYPRUS : BANK RUNS HAVE STARTED !
JFK Wrote:ROTFLMAO
I clicked off after he said the JP Morgan was for the gold standard.

Lulz...

Quote:From:
The Indianapolis Monetary Convention

by Murray N. Rothbard

In the summer of 1896, anticipating the defeat of the gold forces at the Democratic convention, the Morgans, previously dominant in the Democratic Party, approached the McKinley–Mark Hanna–Rockefeller forces through their rising young satrap, Congressman Henry Cabot Lodge of Massachusetts. Lodge offered the Rockefeller forces a deal: The Morgans would support McKinley for president and neither sit home nor back a third, Gold Democrat party, provided that McKinley pledged himself to a gold standard.

The Morgans, in contrast, favored a gold standard.

Morgan saves the gold standard

Quote:Treasury gold

In 1895, at the depths of the Panic of 1893, the Federal Treasury was nearly out of gold. President Grover Cleveland accepted Morgan's offer to join with the Rothschilds and supply the U.S. Treasury with 3.5 million ounces of gold[6] to restore the treasury surplus in exchange for a 30-year bond issue. The episode saved the Treasury[7] but hurt Cleveland with the agrarian wing of the Democratic Party and became an issue in the election of 1896, when banks came under a withering attack from William Jennings Bryan. Morgan and Wall Street bankers donated heavily to Republican William McKinley, who was elected in 1896 and reelected in 1900.


JFK Wrote:Obviously you are clueless

Lulz. One of us certainly is anyway.

JFK Wrote:If you wish to educate yourself I suggest you pick up and actually read a book titled "The Creature from Jekyll Island" which details the sordid affair of corrupting our monetary system in favor of the bankers. One of the characters as in fact JP Morgan himself.

See dude, this is your problem, your entire understanding of the matter comes from a conman and plagiarist intellectual whore G Edward Griffin who was a propagandist for the The National Association of Manufacturers (NAM). I read the original book by Mullins. 'Secrets of the FED', that's the one that Griffin ripped off and then twisted by recommending the gold standard. If you're going to get your history from conspiratard fiction at least get it from somewhere other than the John Birch Society, lulz.


JFK Wrote:Your videos are a major fail.

The information in the videos is 100% accurate, no bullshit, guaranteed to steer you straight. Your shocking ignorance is what's the major fail.


Quote:From:
The Indianapolis Monetary Convention

by Murray N. Rothbard

the Morgan-Rockefeller forces began to organize a "reform" movement to cure the "inelasticity" of money in the existing gold standard and to move slowly toward the establishment of a central bank. To do so, they decided to use the techniques they had successfully employed in establishing a pro-gold standard movement during 1895 and 1896. The crucial point was to avoid the public suspicion of Wall Street and banker control by acquiring the patina of a broad-based grassroots movement. To do so, the movement was deliberately focused in the Middle West, the heartland of America, and organizations developed that included not only bankers, but also businessmen, economists, and other academics, who supplied respectability, persuasiveness, and technical expertise to the reform cause.

Accordingly, the reform drive began just after the 1896 elections in authentic Midwest country. Hugh Henry Hanna, president of the Atlas Engine Works of Indianapolis, who had learned organizing tactics during the year with the progold standard Union for Sound Money, sent a memorandum, in November, to the Indianapolis Board of Trade, urging a grassroots Midwestern state like Indiana to take the lead in currency reform.

The Indianapolis Monetary Convention(Morgan was heavily represented at this convention) quickly resolved to urge President McKinley to (1) continue the gold standard

"the patina of a broad-based grassroots movement"... Sound familiar? Lulz.
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03-19-2013, 02:33 AM,
#13
RE: CYPRUS : BANK RUNS HAVE STARTED !
(03-19-2013, 02:02 AM)macfadden Wrote: The information in the videos is 100% accurate, no bullshit
Says you.

Thanks but no thanks.
I prefer to think for myself rather than having a deranged lunatic like yourself try to force your psychobabble upon me.

You lost all credibility with me the instant you posted
http://concen.org/forum/thread-47998.html
and portrayed it as fact.

Oh wait, Perhaps your Pentagon aliens teleported flight 77 into another dimension. LOL
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03-19-2013, 02:43 AM,
#14
RE: CYPRUS : BANK RUNS HAVE STARTED !
(New Update to the Cyprus situation)

Cyprus banks to remain shut Tuesday and Wednesday: government source

http://www.reuters.com/article/2013/03/18/us-eurozone-cyprus-banks-idUSBRE92H0M120130318

"Tuesday and Wednesday are bank holidays," the source said. A decree will be released shortly from the Finance Ministry to this effect, he said.
"They scare us all with threats of war. So we forget just how bad things are." 'Open Your Eyes' - Lords Of The New Church 1981



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03-19-2013, 06:12 AM, (This post was last modified: 03-19-2013, 06:13 AM by macfadden.)
#15
RE: CYPRUS : BANK RUNS HAVE STARTED !
JFK Wrote:Says you.

Thanks but no thanks.
I prefer to think for myself rather than having a deranged lunatic like yourself try to force your psychobabble upon me.

I posted 2 videos, doesn't really amount to "a deranged lunatic like yourself try to force your psychobabble upon me" now does it? And the kicker is that you didn't think for yourself, you failed entirely at thinking for yourself when you clicked off the video as soon as it conflicted with your deep brainwashing and programmed cult dogma.

JFK Wrote:You lost all credibility with me the instant you posted
http://concen.org/forum/thread-47998.html
and portrayed it as fact.

I don't think I "portrayed it as fact", I'm pretty sure I just posted it without any portrayal at all. I'm not sure how posting a video about how the ufo bullshit is hoax can really discredit a person, I usually give people credit for realizing just that very thing.

I think you're trying to strawman me, I knew you would inevitably come back with some lame flail or other but I didn't think it would be as blatantly obvious and transparent as this little ploy. I'm embarrassed for you... again.

JFK Wrote:Oh wait, Perhaps your Pentagon aliens teleported flight 77 into another dimension. LOL

Yeah, no, I don't subscribe to aliens or teleporting or any other such nonsense, but are you saying that you believe real aliens, as opposed to pentagon aliens, did actually teleport flight 77 to another dimension?
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