Pull your cash out of EU Banks (3 Viewers)

Bjerknes

"Top Economist"
Mar 16, 2004
115,898
#1
BRUSSELS—Depositors in Cypriot banks will be hit with a one-off tax on their savings, as part of a €10 billion ($12.96 billion) bailout for the Mediterranean island from the euro zone and the International Monetary Fund.

The deal, announced early Saturday, marks the first time in the euro zone's five-year-old financial crisis that depositors in bloc's banks will lose money. Accounts with more than €100,000 will be taxed at 9.9%, those with less at 6.75%, raising an expected €5.8 billion for the near-bankrupt nation.

http://market-ticker.org/cgi-ticker/akcs-www?post=218812&page=1

Bulldozers and hilarity.

http://www.zerohedge.com/news/2013-03-16/excavator-parks-outside-cyprus-bank-full-video
 

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OP
Bjerknes

Bjerknes

"Top Economist"
Mar 16, 2004
115,898
  • Thread Starter
  • Thread Starter #6
    It's just amazing how far gone the entire world is now. Cyprus is a litmus test for the banksterscum. They will certainly try this elsewhere.
     

    IrishZebra

    Western Imperialist
    Jun 18, 2006
    23,327
    #7
    You should read up on the 'property tax' in Ireland.

    We didn't have it until now because you paid a one off lifetime payment of like 15% of your house value when you buy it.

    Same tax, TWICE.


    Still lower taxes than the UK :yao:
     

    Maddy

    Oracle of Copenhagen
    Jul 10, 2009
    16,545
    #8
    You should read up on the 'property tax' in Ireland.

    We didn't have it until now because you paid a one off lifetime payment of like 15% of your house value when you buy it.

    Same tax, TWICE.
    A Social Democrat like you should be proud. :awyeah:
     

    Dostoevsky

    Tzu
    Administrator
    May 27, 2007
    88,978
    #9
    You've got a better way to create an environment that channels deposits into lending activities?

    Banks are not the problem. Greed and the lack of regulation is.
    Well you said, there is no regulation. The fraud that's happening is too big to ignore and banks are the ones who do it. They can steal 1 billion and get 400k fine later (it did happen that way iirc).

    I never said their function was wrong. But what happens is pathetic and absolutely nothing changes for years now. Basel Accord is one huge bullshit.

    - - - Updated - - -

    You should read up on the 'property tax' in Ireland.

    We didn't have it until now because you paid a one off lifetime payment of like 15% of your house value when you buy it.

    Same tax, TWICE.


    Still lower taxes than the UK :yao:
    UK is the house of corruption, no surprise there.
     
    OP
    Bjerknes

    Bjerknes

    "Top Economist"
    Mar 16, 2004
    115,898
  • Thread Starter
  • Thread Starter #10
    Funny thing, whenever some evil pops up it has to be IMF behind it.
    The Illuminati that everyone refers to are definitely the banking cartels.

    As Max Keiser said, the biggest tragedy on 9/11 was that more bankers didn't perish.
     

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