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Sunday, March 17, 2013

What Spain was to the Nazis, Cyprus is to the Bankers

Its Sunday night.. normally we would wait until Monday for the first new posting of the week but just too angered we guess...

Something in the news today got us pretty livid.

Let's start with a geography lesson...

Where is Cyprus?

Is it in Central America?  Perhaps just off the east coast of Africa?  No, wait.. that's Madagascar..

Hmm.. Just where is Cyprus anyways?

Its a tiny island nation in the Mediterranean Sea located south of Turkey, south-east of Greece and west of Syria.  Population of over 750k people...
OK, we see we're losing our audience..

What's so important about this little itty-bitty island nation?

Well, currently its being used as a testing ground for the new stage in the war of financial terror between the global banks and the populaces of the world..

Whoaa Nellie!.. That's pretty heady stuff there.. What in the world are you all at A&G blathering about now?

"In a radical departure from previous aid packages, euro zone finance ministers want Cyprus savers to forfeit a portion of their deposits in return for a 10 billion euro ($13 billion) bailout for the island, which has been financially crippled by its exposure to neighboring Greece."  (Reuters)

Does that mean what we think it means?  ~scratches chin
Yes.. the euro zone bankers will not bail out Cyprus unless it can take a portion of the deposits from all the savers who put their money in Cyprus banks.

Savers! Everyday people who keep their money in a bank...

"A one-time tax of 9.9 per cent (9.9%) is to be levied on Cypriot bank deposits of more than €100,000 effective on Tuesday.. But even deposits under that amount would be taxed at 6.75 per cent (6.75%), meaning that Cyprus's creditors will be confiscating money directly from pensioners, workers and regular depositors to pay off the bailout tab...

The surprise policy by the International Monetary Fund, the European Central Bank and the European Commission is the first to take money from ordinary savers." (TheAge.com)

Re-read that...
So let's see.. if someone had €100k euros in savings, the government could simply take €9,900 of them to give to EU bankers.  If you had €50k euros saved over a lifetime, then 'only' €3,375 could be legally stolen from you...

Of course even though Americans may not have the faintest clue about all this, certainly its causing restless fits among some Britons...

"(British PM) George Osborne vowed today that those serving in Britain's military or government in Cyprus will be protected after European finance chiefs ordered an unprecedented raid on personal bank accounts.  Up to 60,000 British savers are to lose thousands of pounds each as expats in Cyprus have their savings decimated in part of a painful bid to bail out the bankrupt island."  (Daily Mail UK)

We want you to really think about that... let it sink in...
You're living your life.. doing what you do.. surviving or building a nestegg.  Trying your best to make a good life for yourself and your family...

And suddenly your government-- the US, or UK or wherever you're from is going to take a percentage of your life savings and that of your family and friends and neighbors, etc... and give it to bankers in exchange for loans which only help bankers...

Perhaps its directly siphoned out of your account while your sleeping.. or maybe a 'tax' is imposed and now you are poorer and everyone else is poorer..  and the bankers and Investors are richer...

Obviously you'd want to pull your $$ out as fast as you could i.e a 'run'...

But of course government would never make it easy for you... there'd be limits and time restrictions and lots of questions..
"In a move that could set off new fears of contagion across the eurozone, anxious depositors drained cash from ATMs in Cyprus on Saturday.. Although banks placed withdrawal limits of €400 on ATMs, most of them had run out of cash by early evening."  (NewAge.com)

And what is Cyprus' minimum wage?

€743/month

So that means the ATM withdrawal limit of €400 is equivalent to less than 2 weeks of minimum wage

~  Bank closed.. sorry..

Now the politicians.. oh they're quite sensitive about all the uproar going on... They 'care' about their people and don't want them to needlessly suffer...  wink wink...

"The Cypriot government on Sunday discussed with lenders the possibility of changing the levy to 3.0 percent for deposits below 100,000 euros, and to 12.5 percent for above that sum, a source close to the consultations told Reuters on condition of anonymity.

The source said the discussions had the "blessing" of a troika of lenders from the European Commission, the IMF and the European Central Bank. (Reuters)

We're so glad to hear the US-run IMF and  EC and ECB, both continually bailed out by Bernanke and the Federal Reserve, give the new plan their 'blessing'..
So let's do that math again...

If you possess €100k, then now you have €12,500 taken away instead of €9,900... and if say you possessed €50k, then "Only" €1,500 is to be legally stolen instead of €3,375

Whewww...

Cyprus is important because its a 'test case' to see if the bankers can successfully get away with this without provoking rebellion or a coup...

If it is successful in flexing its financial power and dominion, then it will expand to other nations.. and eventually yes-- to major industrial nations like the US and UK, especially when the spinning plates of the global economy begin crashing in unison..
When Hitler came to power in Germany, one of the things he did with the help of western banks was invigorate the military which after WWI was supposed to possess no more than 100k active duty.

And with the goal of seeking to take over the world. Hitler needed to test his military arsenal, particularly the air force and a new style of combat called 'Blitzkrieg' so Germany's forces aided Franco in his coup attempt in 1936 and ultimately was successful.

And from this, it only brazened Hitler more..

If you think this comparison is illogical or unreasonable to make, then frankly you might as well stop ever reading this site because after over 30 months and 2000+ postings, we haven't taught you a damn thing...

You don't have to be a soothsayer or palm-reader to understand what's ultimately coming... it is a continual, relentless war by the banks and nations upon savers; those who are responsible, practical.. who obey the laws, pay their taxes and do things the right way..
And we bet after watching your nightly news and reading your morning paper, you knew little to nothing on this before 'Ants & Grasshoppers' mentioned it...

That empty coffee or paint can is looking like an attractive place to keep your money at this moment, isn't it?

And what else happened in the world today... The #1 news story...

Hmm.. oh yes...   Top Of Da' Mornin'