If you are a poor British retired soldier, living out your life on the Island of Cyprus, you woke up and found out that the EU, decided it was running out of money, and so, they “taxed” your savings. They just reached inside your pocket like the good elite oligarchs they are, and grabbed what they felt they could.
If you are too late getting to the bank, the banks will be closed on Tuesday and Wednesday because, they have a lot of pillaging to do.
Russian citizens account for the majority of the billions of Euros held in Cypriot banks by foreign depositors, and Russian banks are heavily exposed to the island as a favored offshore centre for big business. tired-looking Christine Lagarde, head of the International Monetary Fund, appeared to have lost track of the calendar and wished weary reporters a “happy St Patrick’s Day” a full day early. She made no reference to a deposit levy, talking only of “burden sharing.” Several EU officials blamed Anastasiades for insisting on low contributions from uninsured deposits, hurting his country’s small savers to protect wealthy depositors, many foreigners. Under the new proposal, smaller depositors with up to €100,000 would be taxed at 3%; savers with €100,000 to €500,000 would be taxed at 10%; and those with more than €500,000 at 15%. despite all the promises, your savings are vulnerable to arbitrary confiscation.
But have heart! Those deposits could have been rendered even more worthless when the ECB cuts off its funding to Cypriot banks, a decision which would — through devaluation and insolvency — lead to depositors losing as much as 60% of their money.
Well, it’s the same old song isn’t it? “We must all share the burden.” and “It could have been so much worse.” The elites of the world, who continue to tax and steal money from the rest of us, are basically saying: Hey…we only took off your legs..it could have been worse..we could have KILLED you!
In the meantime, Japan will begin pumping huge amounts of yen into the economy, and our own Federal Reserve is pumping money too.
There seems to be more to it than simply wanting money. It’s the Russians that are going to be hurt the most…because they are sending Naval ships to the region.
Russia is helping Syria, and are sending Navel ships into the area. Simply put… they can’t get into Syria as long as this money stream is flowing through Cyprus. And the reason Cyprus is suffering…is also due to a very expensive explosion in 2011 which cost them billions:
Ruskies have at least 50 billion euros stalled in Cyprus. They have open storage on the base were 98 containers of explosives that had been seized by the United States Navy in 2009 after it intercepted a Cypriot-flagged, Russian owned vessel, the MV Monchegorsk travelling from Iran to Syria in the Red Sea. According to leaked US cables through Wiki Leaks, released in 2011, the US through Hillary Clinton exerted pressure on Cyprus to confiscate the shipment. The ship was escorted to a Cypriot port and the Cyprus Navy was given responsibility for the explosives, which it moved to the Evangelos Florakis a month later. At the time of the incident in 2011, the explosives had apparently been left in the open for over two years. The Cypriot government had declined offers from Germany, the United Kingdom and the United States to remove or dispose of the material, having feared an adverse reaction from Syria. The government had instead requested that the UN effect the removal, but claimed that its request had been rejected.
While the average American doesn’t get much news about the EU…we can only imagine how we would feel if we woke up one day…went online, and found out our “savings” had been taxed.
Obama has been looking at a way to “borrow” from our 401K’sand Pensions plans. Could our government be thinking about doing the same thing?
After Obamacare, we’d be foolish not to think so.