IObama Blueprint For Extorting Nations Wealth Finalized In Cyprus

[bitterlyclingin]

[Just like God rested from his work of creating the World and the Universe on the Seventh Day, the signs and aura indicating Comrade Barack, inspired by and very much resembling the Devil as presented by THC, was nearing his very own day of rest at the finish of his work are rapidly becoming visible on the horizon. The first sign was the Cypriots agreeing to freeze and seize all bank accounts over 100,000 Euros this morning in order to recapitalize and come up with one good bank on their island, thus providing the very blueprint and framework that Comrade Barack will be able to use here to finish his total and complete redistribution of this nation's privately held wealth.
You can just imagine Comrade Barack, Comrade Valerie, and Moochelle all seated together eagerly wringing their hands in anticipation of coming events, salivating at the prospects at soon being hailed as President and Dictator For Life of the United States by the frenzied mobs who for the last five years stood on the nation's streets and sidewalks in eager anticipation of Comrade Barack's flinging fistfuls of gold coins down upon them from his rooftop perch in very much the same manner as the Roman Emperor Nero did with the Roman mobs some 2,000 years before. Meanwhile all three are delighting in the prospects of the pain they will soon be able to inflict on the country's selfish and evil white racists when they, in their turn, freeze and seize all their bank accounts on deposit in the nation's banks over the limit of the FDIC's guarantee of protection. Like New York City Mayor "Nanny State" Michael Bloomberg (Dictatorial Corksucker-NY) told NBC yesterday "Sometimes you just gotta let your freedom's go and let Government have its way!"
"Think of all the good we can do, the undocumented Democrats we can bring to these shores, the votes we can buy, the elections we can steal! Comrade Barack, our hero" Yup, he definitely didn't become president to salve the nation's wounds, he became president to rub salt in them.

"Be afraid. Be very afraid!" "Never let a legitimate crisis go to waste!"]

"Reuters) - Cyprus clinched a last-ditch deal with international lenders to shut down its second-largest bank and inflict heavy losses on uninsured depositors, including wealthy Russians, in return for a 10 billion euro ($13 billion) bailout.

The agreement came hours before a deadline to avert a collapse of the banking system in fraught negotiations between President Nicos Anastasiades and heads of the European Union, the European Central Bank and the International Monetary Fund.

Without a deal, Cyprus's banking system would have collapsed and the country could have become the first to crash out of the European single currency."

Cyprus reaches last-minute deal on 10 billion euro bailout | Reuters

 

[PoliticalChic]

What better way to equalize material wealth in the march toward social justice?


Did I just steal American Communist's post?

 

[jwoodie]

Thank you, William Joyce.

 

[Agit8r]

And that's why we need a Federal Reserve... I mean, to avoid a Cyprus situation. That polluted stream of consciousness is a reason why we need a better education system.

 

[CrusaderFrank]

A lot of those deposits are Russian nationals I'm surprised that they are taking this sitting down

 

[CrusaderFrank]

The Cyprus Parliament HAS NO SAY WHATSOEVER in the matter....can you believe that?

 

[Katzndogz]

Cyprus has no money. Not a dime. It cannot mint money. It cannot regulate money. Cyprus has the Euro. The money is controlled by the European Union. When the EU cuts off funds, Cyprus cannot print money. The United States prints money. It cannot run out of money, it can print its own.

 

[Mad Scientist]

What better way to equalize material wealth in the march toward social justice?


Did I just steal American Communist's post?

Your Re-Education is coming along just fine I see.

Soon you will be known as "Political Communist!

 

[Toddsterpatriot]

[Just like God rested from his work of creating the World and the Universe on the Seventh Day, the signs and aura indicating Comrade Barack, inspired by and very much resembling the Devil as presented by THC, was nearing his very own day of rest at the finish of his work are rapidly becoming visible on the horizon. The first sign was the Cypriots agreeing to freeze and seize all bank accounts over 100,000 Euros this morning in order to recapitalize and come up with one good bank on their island, thus providing the very blueprint and framework that Comrade Barack will be able to use here to finish his total and complete redistribution of this nation's privately held wealth.
You can just imagine Comrade Barack, Comrade Valerie, and Moochelle all seated together eagerly wringing their hands in anticipation of coming events, salivating at the prospects at soon being hailed as President and Dictator For Life of the United States by the frenzied mobs who for the last five years stood on the nation's streets and sidewalks in eager anticipation of Comrade Barack's flinging fistfuls of gold coins down upon them from his rooftop perch in very much the same manner as the Roman Emperor Nero did with the Roman mobs some 2,000 years before. Meanwhile all three are delighting in the prospects of the pain they will soon be able to inflict on the country's selfish and evil white racists when they, in their turn, freeze and seize all their bank accounts on deposit in the nation's banks over the limit of the FDIC's guarantee of protection. Like New York City Mayor "Nanny State" Michael Bloomberg (Dictatorial Corksucker-NY) told NBC yesterday "Sometimes you just gotta let your freedom's go and let Government have its way!"
"Think of all the good we can do, the undocumented Democrats we can bring to these shores, the votes we can buy, the elections we can steal! Comrade Barack, our hero" Yup, he definitely didn't become president to salve the nation's wounds, he became president to rub salt in them.

"Be afraid. Be very afraid!" "Never let a legitimate crisis go to waste!"]

"Reuters) - Cyprus clinched a last-ditch deal with international lenders to shut down its second-largest bank and inflict heavy losses on uninsured depositors, including wealthy Russians, in return for a 10 billion euro ($13 billion) bailout.

The agreement came hours before a deadline to avert a collapse of the banking system in fraught negotiations between President Nicos Anastasiades and heads of the European Union, the European Central Bank and the International Monetary Fund.

Without a deal, Cyprus's banking system would have collapsed and the country could have become the first to crash out of the European single currency."

Cyprus reaches last-minute deal on 10 billion euro bailout | Reuters

What do poor investment decisions by banks, resulting in the loss of bank customer money, have to do with "Obama Blueprint For Extorting Nations Wealth"?

 

[CrusaderFrank]

[Just like God rested from his work of creating the World and the Universe on the Seventh Day, the signs and aura indicating Comrade Barack, inspired by and very much resembling the Devil as presented by THC, was nearing his very own day of rest at the finish of his work are rapidly becoming visible on the horizon. The first sign was the Cypriots agreeing to freeze and seize all bank accounts over 100,000 Euros this morning in order to recapitalize and come up with one good bank on their island, thus providing the very blueprint and framework that Comrade Barack will be able to use here to finish his total and complete redistribution of this nation's privately held wealth.
You can just imagine Comrade Barack, Comrade Valerie, and Moochelle all seated together eagerly wringing their hands in anticipation of coming events, salivating at the prospects at soon being hailed as President and Dictator For Life of the United States by the frenzied mobs who for the last five years stood on the nation's streets and sidewalks in eager anticipation of Comrade Barack's flinging fistfuls of gold coins down upon them from his rooftop perch in very much the same manner as the Roman Emperor Nero did with the Roman mobs some 2,000 years before. Meanwhile all three are delighting in the prospects of the pain they will soon be able to inflict on the country's selfish and evil white racists when they, in their turn, freeze and seize all their bank accounts on deposit in the nation's banks over the limit of the FDIC's guarantee of protection. Like New York City Mayor "Nanny State" Michael Bloomberg (Dictatorial Corksucker-NY) told NBC yesterday "Sometimes you just gotta let your freedom's go and let Government have its way!"
"Think of all the good we can do, the undocumented Democrats we can bring to these shores, the votes we can buy, the elections we can steal! Comrade Barack, our hero" Yup, he definitely didn't become president to salve the nation's wounds, he became president to rub salt in them.

"Be afraid. Be very afraid!" "Never let a legitimate crisis go to waste!"]

"Reuters) - Cyprus clinched a last-ditch deal with international lenders to shut down its second-largest bank and inflict heavy losses on uninsured depositors, including wealthy Russians, in return for a 10 billion euro ($13 billion) bailout.

The agreement came hours before a deadline to avert a collapse of the banking system in fraught negotiations between President Nicos Anastasiades and heads of the European Union, the European Central Bank and the International Monetary Fund.

Without a deal, Cyprus's banking system would have collapsed and the country could have become the first to crash out of the European single currency."

Cyprus reaches last-minute deal on 10 billion euro bailout | Reuters

What do poor investment decisions by banks, resulting in the loss of bank customer money, have to do with "Obama Blueprint For Extorting Nations Wealth"?

Because the customers did not make the bad investments, the banks bought Sovereign bonds from Greece, that's what brought them down. Why should the depositors pay for that?

The banks need to tell their creditors, not their depositors to take a write down. But of course that won't happen because its the banks who run the countries now.

 

[Katzndogz]

[Just like God rested from his work of creating the World and the Universe on the Seventh Day, the signs and aura indicating Comrade Barack, inspired by and very much resembling the Devil as presented by THC, was nearing his very own day of rest at the finish of his work are rapidly becoming visible on the horizon. The first sign was the Cypriots agreeing to freeze and seize all bank accounts over 100,000 Euros this morning in order to recapitalize and come up with one good bank on their island, thus providing the very blueprint and framework that Comrade Barack will be able to use here to finish his total and complete redistribution of this nation's privately held wealth.
You can just imagine Comrade Barack, Comrade Valerie, and Moochelle all seated together eagerly wringing their hands in anticipation of coming events, salivating at the prospects at soon being hailed as President and Dictator For Life of the United States by the frenzied mobs who for the last five years stood on the nation's streets and sidewalks in eager anticipation of Comrade Barack's flinging fistfuls of gold coins down upon them from his rooftop perch in very much the same manner as the Roman Emperor Nero did with the Roman mobs some 2,000 years before. Meanwhile all three are delighting in the prospects of the pain they will soon be able to inflict on the country's selfish and evil white racists when they, in their turn, freeze and seize all their bank accounts on deposit in the nation's banks over the limit of the FDIC's guarantee of protection. Like New York City Mayor "Nanny State" Michael Bloomberg (Dictatorial Corksucker-NY) told NBC yesterday "Sometimes you just gotta let your freedom's go and let Government have its way!"
"Think of all the good we can do, the undocumented Democrats we can bring to these shores, the votes we can buy, the elections we can steal! Comrade Barack, our hero" Yup, he definitely didn't become president to salve the nation's wounds, he became president to rub salt in them.

"Be afraid. Be very afraid!" "Never let a legitimate crisis go to waste!"]

"Reuters) - Cyprus clinched a last-ditch deal with international lenders to shut down its second-largest bank and inflict heavy losses on uninsured depositors, including wealthy Russians, in return for a 10 billion euro ($13 billion) bailout.

The agreement came hours before a deadline to avert a collapse of the banking system in fraught negotiations between President Nicos Anastasiades and heads of the European Union, the European Central Bank and the International Monetary Fund.

Without a deal, Cyprus's banking system would have collapsed and the country could have become the first to crash out of the European single currency."

Cyprus reaches last-minute deal on 10 billion euro bailout | Reuters

What do poor investment decisions by banks, resulting in the loss of bank customer money, have to do with "Obama Blueprint For Extorting Nations Wealth"?

Because the customers did not make the bad investments, the banks bought Sovereign bonds from Greece, that's what brought them down. Why should the depositors pay for that?

The banks need to tell their creditors, not their depositors to take a write down. But of course that won't happen because its the banks who run the countries now.

It's not the banks who are running the country. It's the EU that's running the country. Cyprus clearly has a choice. It can choose not to steal from the depositors and the EU will toss them out of the club. It will then have to use their own currency. Just as soon as they build some printing presses.

 

[Toddsterpatriot]

[Just like God rested from his work of creating the World and the Universe on the Seventh Day, the signs and aura indicating Comrade Barack, inspired by and very much resembling the Devil as presented by THC, was nearing his very own day of rest at the finish of his work are rapidly becoming visible on the horizon. The first sign was the Cypriots agreeing to freeze and seize all bank accounts over 100,000 Euros this morning in order to recapitalize and come up with one good bank on their island, thus providing the very blueprint and framework that Comrade Barack will be able to use here to finish his total and complete redistribution of this nation's privately held wealth.
You can just imagine Comrade Barack, Comrade Valerie, and Moochelle all seated together eagerly wringing their hands in anticipation of coming events, salivating at the prospects at soon being hailed as President and Dictator For Life of the United States by the frenzied mobs who for the last five years stood on the nation's streets and sidewalks in eager anticipation of Comrade Barack's flinging fistfuls of gold coins down upon them from his rooftop perch in very much the same manner as the Roman Emperor Nero did with the Roman mobs some 2,000 years before. Meanwhile all three are delighting in the prospects of the pain they will soon be able to inflict on the country's selfish and evil white racists when they, in their turn, freeze and seize all their bank accounts on deposit in the nation's banks over the limit of the FDIC's guarantee of protection. Like New York City Mayor "Nanny State" Michael Bloomberg (Dictatorial Corksucker-NY) told NBC yesterday "Sometimes you just gotta let your freedom's go and let Government have its way!"
"Think of all the good we can do, the undocumented Democrats we can bring to these shores, the votes we can buy, the elections we can steal! Comrade Barack, our hero" Yup, he definitely didn't become president to salve the nation's wounds, he became president to rub salt in them.

"Be afraid. Be very afraid!" "Never let a legitimate crisis go to waste!"]

"Reuters) - Cyprus clinched a last-ditch deal with international lenders to shut down its second-largest bank and inflict heavy losses on uninsured depositors, including wealthy Russians, in return for a 10 billion euro ($13 billion) bailout.

The agreement came hours before a deadline to avert a collapse of the banking system in fraught negotiations between President Nicos Anastasiades and heads of the European Union, the European Central Bank and the International Monetary Fund.

Without a deal, Cyprus's banking system would have collapsed and the country could have become the first to crash out of the European single currency."

Cyprus reaches last-minute deal on 10 billion euro bailout | Reuters

What do poor investment decisions by banks, resulting in the loss of bank customer money, have to do with "Obama Blueprint For Extorting Nations Wealth"?

Because the customers did not make the bad investments, the banks bought Sovereign bonds from Greece, that's what brought them down. Why should the depositors pay for that?

The banks need to tell their creditors, not their depositors to take a write down. But of course that won't happen because its the banks who run the countries now.

The creditors are much, much smaller than the depositors.
They could write the bonds down to zero and not have enough to cover the losses.

 

[Erand7899]

Cyprus has no money. Not a dime. It cannot mint money. It cannot regulate money. Cyprus has the Euro. The money is controlled by the European Union. When the EU cuts off funds, Cyprus cannot print money. The United States prints money. It cannot run out of money, it can print its own.

The ability to print money becomes worthless when the money being printed becomes worthless. Paper money only has value because the people who use it believe it has value. Once that faith it gone, so is the money.

The fed is printing money to cover the massive spending of our federal government. They can only do that for a limited period of time, before inflation begins to reduce the value of the money, and then we all get poorer at the same rate.

There is no such thing as a free lunch.

 

[bitterlyclingin]

[Coming to a savings or bank account near you, a technique and tactic right up Comrade Barack's alley that will definitely prove irresistable to an insatiable Wealth Redistributor like him.

Recall the scene from the movie "Ghostbusters" with Bill Murray and his gang in the NYC mayor's offices with the Cardinal "Think of all the voters....." Comrade Barack specializes in the thinking of all the voters "Vote for me and I will steal from he to give to thee" is the usual pitch he specializes in.]

"I was reviewing World War I history with my son yesterday.

The global-scale conflict started with the assassination of Archduke Franz Ferdinand, heir to the Austro-Hungarian throne, on June 28, 1914. This event set in motion a series of diplomatic incidents that led inexorably to the outbreak of war in Europe within a few weeks.

Then I began contemplating the possible repercussions of the Cyprus bank bailout, and asked my San Diego compatriot and economics expert W.C. Varones for his opinion on its impact on the world economy. He says:

The new deal in Cyprus is fairer to insured depositors, but just having floated the idea of deposit confiscation will do permanent damage to faith in the financial system. Cyprus will be a wreck when the banks open and Societe Generale, a major French bank, is already calling for a depression there. And anyone with money over the insured limit in Spain, Greece, Portugal, or Italy would be crazy not to pull it out now. Heck, I’d be nervous about money even under the insured limit.

To underscore his thoughts, Varones offers a piece from the Economist with the following quote from Jeroen Dijsselbloem, the Dutch finance minister and head of the “Eurogroup” of euro-zone finance ministers:

A rescue programme agreed for Cyprus on Monday represents a new template for resolving euro zone banking problems and other countries may have to restructure their banking sectors…"

» Cyprus loco Euro-problem gone wild - Le·gal In·sur·rec·tion