Archive for March 17th, 2013

by Mark J. Grant ZeroHedge.com 03/17/2013 Let’s get some things straight and look what has happened directly in the face. There was no tax on the bank accounts in Cyprus. There still is no tax; the Cyprus Parliament has not passed it and will not vote on it until tomorrow so whatever action takes... »

SteveQuayle.com Mar 17, 2013 Steve, I thought the Greek situation was heartbreaking when a nation, one of the forerunners of democracy and individual freedom has been ramshackled by the vampiric borg named the EU. I thought the strip mining program of Ireland’s economy was bad, when the Celtic Tiger was relegated to a Gaelic... »

By: EWI Market Oracle Mar 17, 2013 The similarities between Greece and pre-WWII Germany are striking. Nazi salutes. Praise for Adolf Hitler. Swastika-like banners. Now, before you write off this warning as a run-of-the-mill, Nazi-name-dropping scare tactic, consider this recent report from the Socionomics Institute, a U.S.-based think tank that studies global trends in... »

Joe Weisenthal BusinessInsider.com Mar. 17, 2013 Jefferies strategist David Zervos is his typically restrained self in his latest note on the Cyprus bailout, which involved taxing all bank depositors in a one-off confiscation: What happened to Cyprus on Friday evening was one of the most significant developments in the Eurozone since the Greek election... »

Investmentwatchblog.com March 17th, 2013 leap2020.eu / – Public announcement GEAB N°73 (March 16, 2013) – In the Up & Down trends published in the GEAB January issue, our team wrote the following in the Down section “Economic indicators”: « Between short-term economic indicators which describe only what occurred in the week, others which are... »

By Michael TheEconomicCollapseBlog.com March 17th, 2013 Cyprus is a beta test. The banksters are trying to commit bank robbery in broad daylight, and they are eager to see if the rest of the world will let them get away with it. Cyprus was probably chosen because it is very small (therefore nobody will care... »

SilverDoctors.com MARCH 17, 2013 *Editor note: Willie’s prediction that a European triggered complete collapse is looking extremely timely with Europe staring a banking crisis in the face in the wake of the Cypriot depositor haircut announcement. The Golden Jackass Jim Willie sat down with The Doc this weekend for the second part of an... »

Investmentwatchblog.com March 17th, 2013 And so it begins…. All Cyprus banks this weekend have frozen electronic transfers while a bailout is brought in. There will be a “bank holiday” on Monday and then on Tuesday, March 19th, 10% of every bank depositors savings will be taken and transferred to the central planners and central... »

By Mike “Mish” Shedlock Advisorperspectives.com March 16, 2013 Contagion-Begging Actions; Expect Bank Runs Following Cyprus Idiocy; Have Money in a Spanish Bank? Take It Out Now! In Cyprus, a decision was made to screw savers with a 6.75% to 9.9% “Tax” on deposits. Supposedly this move was made to “avoid unsettling investors in larger... »

by Lars Seier Christensen ZeroHedge.com 03/16/2013 Authored by Lars Seier Christensen, CEO Saxo Bank; originally posted at his blog at TradingFloor.com, It is difficult to describe the weekend bailout package to Cyprus in any other way. The confiscation of 6.75 percent of small depositors’ money and 9.9 percent of big depositors’ funds is without... »