Do you have money in a Cypriot account - Not any more... - GoFuckYourself.com

EddyTheDog · 03-16-2013, 01:42 PM

My mum had just under 5k in a Cypriot account - She has just been told by the corresponding bank in Spain the money is not there.

I knew this would happen when I saw the news this morning - 5k down the drain....

Good luck to all the Russians who think they have cash in Cypriot accounts.

Google Expert · 03-16-2013, 02:03 PM

your mom spent it on gigolos

EddyTheDog · 03-16-2013, 02:16 PM

Quote:

Originally Posted by M.A+

your mom spent it on gigolos

She always shares - but that's a whole other niche we wont go into...

bl4h · 03-16-2013, 02:51 PM

reminds me of the 5k epassporte owes me

im not gonna say i want to beat the guy to death with the claw end of a hammer because thats illegal. but it angers me

EddyTheDog · 03-16-2013, 02:53 PM

Quote:

Originally Posted by bl4h

reminds me of the 5k epassporte owes me

im not gonna say i want to beat the guy to death with the claw end of a hammer because thats illegal. but it angers me

Go on say it - Everyone else here has...

EDIT: I was just thinking that if he did die at the hands of an Agatha Christie style murder plot it would be the hardest of all to find the killer because everyone would say they did it...

sperbonzo · 03-16-2013, 03:16 PM

Coming soon to a government near you....

First they will start stealing from your retirement and pension accounts, and then from savings accounts..... basically whatever they want. And we will all let them.

.

bl4h · 03-16-2013, 03:21 PM

Quote:

Originally Posted by sperbonzo

Coming soon to a government near you....

First they will start stealing from your retirement and pension accounts, and then from savings accounts..... basically whatever they want. And we will all let them.

.

people predicted this stuff the moment currency started moving toward databases rather than actual cash in hand. but of course they were cooks :|

bl4h · 03-16-2013, 03:26 PM

Quote:

Originally Posted by EddyTheDog

Go on say it - Everyone else here has...

EDIT: I was just thinking that if he did die at the hands of an Agatha Christie style murder plot it would be the hardest of all to find the killer because everyone would say they did it...

Highly unlikely that theyd find him. but I think if anyone ran into him on the street, and told him what youre owed, he would head straight to the bank and pay up 5k like a little bitch

an obese, goofy looking bitch

EddyTheDog · 03-16-2013, 03:31 PM

Quote:

Originally Posted by sperbonzo

Coming soon to a government near you....

First they will start stealing from your retirement and pension accounts, and then from savings accounts..... basically whatever they want. And we will all let them.

.

I have to admit I did see this coming but didn't believe they would do it.

Straight theft out of your account.

Monday is going to be a big day - I really think the banks have fucked up so bad they wont know what hit them

...

sperbonzo · 03-16-2013, 03:46 PM

Quote:

Originally Posted by EddyTheDog

I have to admit I did see this coming but didn't believe they would do it.

Straight theft out of your account.

Monday is going to be a big day - I really think the banks have fucked up so bad they wont know what hit them

...

The government is doing this, not the banks. The government is in such massive debt that they have decided to start this process, which is the next step after currency controls, and is the natural evolution from government spending itself more and more into debt.

Don't be fooled. Banks cannot legally use force to make you do business with them and give them money, only government can do that. Only government can force you to give up your money in order to bail out banks or cover their debts, (which then doesn't allow market risk to naturally force the banks to act responsibly); and only government can print fiat currency to run up huge debts in your name, borrow more against your money and force you to repay it, or tax you with inflation.

If currency was based on actual market valuation, (like a gold based currency), rather then a central banking system with a fiat currency; and if people recognized that government doesn't create wealth, it only reduces it in the process of redistributing it, (and therefore must be strictly limited in it's power), then we wouldn't be headed down this road of inevitable problems....again. (It has happened before in other places).

Like I said, just wait. This is coming soon to a government near you!

.

jwerd · 03-16-2013, 03:59 PM

Quote:

Originally Posted by sperbonzo

The government is doing this, not the banks. The government is in such massive debt that they have decided to start this process, which is the next step after currency controls, and is the natural evolution from government spending itself more and more into debt.

Don't be fooled. Banks cannot legally use force to make you do business with them and give them money, only government can do that. Only government can force you to give up your money in order to bail out banks or cover their debts, (which then doesn't allow market risk to naturally force the banks to act responsibly); and only government can print fiat currency to run up huge debts in your name, borrow more against your money and force you to repay it, or tax you with inflation.

If currency was based on actual market valuation, (like a gold based currency), rather then a central banking system with a fiat currency; and if people recognized that government doesn't create wealth, it only reduces it in the process of redistributing it, (and therefore must be strictly limited in it's power), then we wouldn't be headed down this road of inevitable problems....again. (It has happened before in other places).

Like I said, just wait. This is coming soon to a government near you!

.

Bingo. Monopoly on the use of violence / force. But we'll be safe with just a little Statism (cancer), they say. Freedom is in choice and governing yourself, people.

L-Pink · 03-16-2013, 04:06 PM

sperbonzo …. nice post!

.

Tom.K · 03-17-2013, 06:29 AM

Quote:

Originally Posted by sperbonzo

The government is doing this, not the banks. The government is in such massive debt that they have decided to start this process, which is the next step after currency controls, and is the natural evolution from government spending itself more and more into debt.

Don't be fooled. Banks cannot legally use force to make you do business with them and give them money, only government can do that. Only government can force you to give up your money in order to bail out banks or cover their debts, (which then doesn't allow market risk to naturally force the banks to act responsibly); and only government can print fiat currency to run up huge debts in your name, borrow more against your money and force you to repay it, or tax you with inflation.

If currency was based on actual market valuation, (like a gold based currency), rather then a central banking system with a fiat currency; and if people recognized that government doesn't create wealth, it only reduces it in the process of redistributing it, (and therefore must be strictly limited in it's power), then we wouldn't be headed down this road of inevitable problems....again. (It has happened before in other places).

Like I said, just wait. This is coming soon to a government near you!

.

exactly!

this with cypriot banks is done by order from EU. they will take 6.75% from all accounts have less than 100 000 ?, and 9.9 from accounts having more.. internet banking is blocked so people can't transfer funds

http://www.breakingnews.ie/world/cyp...ut-588134.html

what is coming next? they will send police in your home to take 10% of all food, drink and porn you have?

every day I find one more reason to leave europe and go to south america

EddyTheDog · 03-17-2013, 06:35 AM

Quote:

Originally Posted by Tom.K

.....they will send police in your home to take 10% of all food, drink and porn you have?

It would be a brave man that came to my house to take my beer and porn...

Klen · 03-17-2013, 06:39 AM

Quote:

Originally Posted by Tom.K

exactly!

this with cypriot banks is done by order from EU. they will take 6.75% from all accounts have less than 100 000 €, and 9.9 from accounts having more.. internet banking is blocked so people can't transfer funds

http://www.breakingnews.ie/world/cyp...ut-588134.html

what is coming next? they will send police in your home to take 10% of all food, drink and porn you have?

every day I find one more reason to leave europe and go to south america

Nah no need to go out of europe,this happen only in screwed countries with big debt.And speaking about south america, Argetina did much worse thing then this,see: http://en.wikipedia.org/wiki/Corralito
So basicly avoid screwed countries in europe like Spain,Ireland,Portugal,Itaiy and Greece.(Also know as P.I.I.G.S)

versa · 03-17-2013, 06:40 AM

Pretty smart, they know so many of the big deposits probably are not that willing to make their name public, their will be little backlash there. Put in a cap on the amount that can be transferred out per year, people just get used to a little tax bite after the year and say fuckit might as well leave it in Cypress as the other places will probably be worse.

EddyTheDog · 03-17-2013, 06:41 AM

Quote:

Originally Posted by sperbonzo

The government is doing this, not the banks. The government is in such massive debt that they have decided to start this process, which is the next step after currency controls, and is the natural evolution from government spending itself more and more into debt.

Don't be fooled. Banks cannot legally use force to make you do business with them and give them money, only government can do that. Only government can force you to give up your money in order to bail out banks or cover their debts, (which then doesn't allow market risk to naturally force the banks to act responsibly); and only government can print fiat currency to run up huge debts in your name, borrow more against your money and force you to repay it, or tax you with inflation.

If currency was based on actual market valuation, (like a gold based currency), rather then a central banking system with a fiat currency; and if people recognized that government doesn't create wealth, it only reduces it in the process of redistributing it, (and therefore must be strictly limited in it's power), then we wouldn't be headed down this road of inevitable problems....again. (It has happened before in other places).

Like I said, just wait. This is coming soon to a government near you!

.

Of course you are right - Its not the banks its the central governments fuck up - The banks are no angels though, I'm not going to let them off the hook totally........

I was getting a bit excited last night - I was all ready to get on a plane and beat up some bankers - I decided it wasn't worth it for 5K.

Sexier · 03-17-2013, 06:46 AM

Word here is that all saving accounts are on hold till next tuesday

EddyTheDog · 03-17-2013, 06:48 AM

Quote:

Originally Posted by Sexier

Word here is that all saving accounts are on hold till next tuesday

Whats the mood like there?

Nobody seems to be reporting from Cyprus....

AllAboutCams · 03-17-2013, 06:50 AM

Quote:

Originally Posted by EddyTheDog

Of course you are right - Its not the banks its the central governments fuck up - The banks are no angels though, I'm not going to let them off the hook totally........

I was getting a bit excited last night - I was all ready to get on a plane and beat up some bankers - I decided it wasn't worth it for 5K.

I thought it had to be over 100k

Google Expert · 03-17-2013, 06:51 AM

Quote:

Originally Posted by AllAboutCams

I thought it had to be over 100k

Over 100k = they rob you of 10%
Under 100k = they rob you for only 6.5%

EddyTheDog · 03-17-2013, 06:55 AM

Quote:

Originally Posted by AllAboutCams

I thought it had to be over 100k

People are worried because they cant access any money at all - When they can its feared that the run on the banks will be so bad that they will simply stop people moving it at all...

Antonio · 03-17-2013, 06:57 AM

Quote:

Originally Posted by KlenTelaris

Nah no need to go out of europe,this happen only in screwed countries with big debt.And speaking about south america, Argetina did much worse thing then this,see: http://en.wikipedia.org/wiki/Corralito
So basicly avoid screwed countries in europe like Spain,Ireland,Portugal,Itaiy and Greece.(Also know as P.I.I.G.S)

Many investors will pull out of EU and many will not come since from now it is clear that your money is not safe in the EU banks. And the fact that they labeled this pussy move a "once-off tax" is simply a way to circumvent (sp?) the EU guarantee on the bank deposits. This will likely get challenged legally and hopefully get reversed; actually, I think it still needs to get approved by the Cypriot parliament

AllAboutCams · 03-17-2013, 07:00 AM

Quote:

Originally Posted by M.A+

Over 100k = they rob you of 10%
Under 100k = they rob you for only 6.5%

6.5% is still bad if you had no prior knowledge.

Quote:

Originally Posted by EddyTheDog

People are worried because they cant access any money at all - When they can its feared that the run on the banks will be so bad that they will simply stop people moving it at all...

Probably true did not think of that hopefully you mum just has to wait it out.

Tom.K · 03-17-2013, 07:25 AM

Quote:

Originally Posted by KlenTelaris

Nah no need to go out of europe,this happen only in screwed countries with big debt.And speaking about south america, Argetina did much worse thing then this,see: http://en.wikipedia.org/wiki/Corralito
So basicly avoid screwed countries in europe like Spain,Ireland,Portugal,Itaiy and Greece.(Also know as P.I.I.G.S)

I live in Croatia currently, it's totally economically screwed country and is joining EU in few months
fortunately, I'm not earning money at my home country so I'm not feeling all this disasters going on here

PornoStar69 · 03-17-2013, 07:53 AM

illuminati getting tight

Are we still asleep my fellow sheeple?

looks like the test run is going according to plan.

DWB · 03-17-2013, 08:00 AM

Quote:

Originally Posted by sperbonzo

The government is doing this, not the banks. The government is in such massive debt that they have decided to start this process, which is the next step after currency controls, and is the natural evolution from government spending itself more and more into debt.

Don't be fooled. Banks cannot legally use force to make you do business with them and give them money, only government can do that. Only government can force you to give up your money in order to bail out banks or cover their debts, (which then doesn't allow market risk to naturally force the banks to act responsibly); and only government can print fiat currency to run up huge debts in your name, borrow more against your money and force you to repay it, or tax you with inflation.

If currency was based on actual market valuation, (like a gold based currency), rather then a central banking system with a fiat currency; and if people recognized that government doesn't create wealth, it only reduces it in the process of redistributing it, (and therefore must be strictly limited in it's power), then we wouldn't be headed down this road of inevitable problems....again. (It has happened before in other places).

Like I said, just wait. This is coming soon to a government near you!

.

Excellent post and spot on.

And yes, this is going to eventually happen in a lot of countries. Probably even the USA.

"But it won't ever happen in my country" is exactly what those living in Cyprus thought a few days ago. The real global financial crisis hasn't even started yet.

DWB · 03-17-2013, 08:03 AM

Quote:

Originally Posted by M.A+

Over 100k = they rob you of 10%
Under 100k = they rob you for only 6.5%

On top of their normal fees.

This is thievery in every sense of the word. The people should burn those banks to the ground.

If they don't make a stand now and let them know they will not tolerate this, then they deserve the fucking they get.

TheSwed · 03-17-2013, 08:15 AM

Quote:

Originally Posted by Antonio

Many investors will pull out of EU and many will not come since from now it is clear that your money is not safe in the EU banks. And the fact that they labeled this pussy move a "once-off tax" is simply a way to circumvent (sp?) the EU guarantee on the bank deposits. This will likely get challenged legally and hopefully get reversed; actually, I think it still needs to get approved by the Cypriot parliament

Yes it is theft even if you call it taxes, but makes it harder to take banks to court. Do not think it will be implemented because it would mean that billions of euros will leave the country as soon as the transfer of money is possible. This will then result in that Cyprus need another bail out.

Sexier · 03-17-2013, 08:24 AM

Quote:

Originally Posted by EddyTheDog

Whats the mood like there?

Nobody seems to be reporting from Cyprus....

Business as usual for Cypriots, coffee shops are full, driving around as they normally do on sundays.

Only savings accounts are on Hold till tuesday, current accounts do not have any hold.

All taxes will be applied to savings accounts only from private sector and business.

9.9% for accounts which balance is over 100 000 euros and 6.7% for accounts less then that amount.

As a side note: Most ATM´s have no money.

Sexier · 03-17-2013, 08:27 AM

Update:

I have now online banking access and nothing is on hold or withdraw from accounts.

Just arrived home from carnival parade all seems normal, lets wait till tomorrow when they make final decision

EddyTheDog · 03-17-2013, 08:30 AM

Quote:

Originally Posted by Sexier

Update:

I have now online banking access and nothing is on hold or withdraw from accounts.

Just arrived home from carnival parade all seems normal, lets wait till tomorrow when they make final decision

Interesting - I will see if I can get into mum's...

TheSquealer · 03-17-2013, 08:42 AM

So one of the last EU havens for tax evasion and money laundering needs a bailout and the EU demands they start taxing the BILLIONS AND BILLIONS of dollars held on behalf of every criminal group in Eastern Europe and beyond?

Oh well. You guys act like this isn't a factor in the decision to tell them "start taxing depositors".

No one seemed to mind as the drug money, stolen money, embezzled money, arms deals money etc was pouring in for a decade and a 1/2 and things were going good.

I haven't seen any recent stats on Russian holdings in Cypriot banks, but it is well known that Cyprus was THE primary benefactor of the collapse of the Soviet Union where BILLIONS AND BILLIONS flooded into Cypriot banks from Russia and the rest of the CIS/East European gangster states and that pattern has continued since. The Russian government under Yeltsin devoted considerable resources to trying to reclaim/repatriate pilfered money from Cyprus as the problem was massive beyond description.

So.... Whatever.

In the banking world, its been proven time and time again that when you try try to do business in the shadows, it will inevitably catch up to you and there are consequences. If you parked your money in banks that are well known all over the world for doing business with every corrupt government, corrupt officials, arms dealers, drug dealers, gangsters, human traffickers and so on... too bad. You rolled the dice, now you pay.

EddyTheDog · 03-17-2013, 08:47 AM

Quote:

Originally Posted by TheSquealer

So one of the last EU havens for tax evasion and money laundering needs a bailout and the EU demands they start taxing the BILLIONS AND BILLIONS of dollars held on behalf of every criminal group in Eastern Europe and beyond.

Oh well.

No one seemed to mind as the money was pouring in for a decade and a 1/2 and things were going good.

I haven't seen any recent stats on Russian holdings in Cypriot banks, but it is well known that Cyprus was THE primary benefactor of the collapse of the Soviet Union where BILLIONS AND BILLIONS flooded into Cypriot banks from Russia and the rest of the CIS/East European gangster states and that pattern has continued since. The Russian government under Yeltsin devoted considerable resources to trying to reclaim/repatriate pilfered money from Cyprus as the problem was massive beyond description.

So.... Whatever.

In the banking world, its been proven time and time again that when you try try to do business in the shadows, it will inevitably catch up to you and there are consequences. If you parked your money in banks that are well known all over the world for doing business with every corrupt government, corrupt officials, arms dealers, drug dealers, gangsters, human traffickers and so on... too fucking bad. You rolled the dice, now you pay.

That's fine - I agree to an extent - However my mum is not a Russian mobster and probably has no idea that this is even an issue in Cyprus.

TheSquealer · 03-17-2013, 08:56 AM

Quote:

Originally Posted by EddyTheDog

That's fine - I agree to an extent - However my mum is not a Russian mobster and probably has no idea that this is even an issue in Cyprus.

Why is your mother depositing money in Cyprus?

EddyTheDog · 03-17-2013, 09:01 AM

Quote:

Originally Posted by TheSquealer

Why is your mother depositing money in Cyprus?

Something to do with a property in N Cyprus that fell through. She could have moved it back, but like most she did not see this coming....

seeandsee · 03-17-2013, 09:16 AM

just keep money in banks :D

EddyTheDog · 03-17-2013, 09:23 AM

Quote:

Originally Posted by seeandsee

just keep money in banks :D

Did you read the thread - Or am I missing something?

DWB · 03-17-2013, 09:24 AM

Quote:

Originally Posted by Sexier

Update:

I have now online banking access and nothing is on hold or withdraw from accounts.

Just arrived home from carnival parade all seems normal, lets wait till tomorrow when they make final decision

Because Parliament still has to vote on this I read today on Reuters. They were supposed to today but they postponed it. Only freezes at the banks have happened, ATMs out of money and so on, but the money has not actually been taken from accounts yet.

http://www.reuters.com/article/2013/...92G03I20130317

AsianDivaGirlsWebDude · 03-17-2013, 09:30 AM

One of the things I like about GFY is getting international perspectives.

It would be interesting to hear AVN Theo (or Panos) weigh in on all of this, since Theo is originally from Cyprus, and still has family there.

As was previously alluded to, Manwin also conducts a lot of business in Cyprus, so maybe someone could shed some light on that as well.

Quote:

Nicosia, Cyprus
Email: [email protected]
Phone: +357 22662320
Fax: +357 22343282
Address: 33 Larnakos Avenue
1st floor, Suite 101
CY-1046 Nicosia
Cyprus

Quote:

Manwin Billing CY Ltd- 6 Loanni Stylianou, 2003 Nicosia, Cyprus

ADG

Dirty F · 03-17-2013, 09:34 AM

Quote:

Originally Posted by EddyTheDog

It would be a brave man that came to my house to take my beer and porn...

You will hit him with your handbag?

Dirty F · 03-17-2013, 09:37 AM

Quote:

Originally Posted by PornoStar69

illuminati getting tight

Are we still asleep my fellow sheeple?

looks like the test run is going according to plan.

Try to post in a normal font for once. Maybe you'll look slightly less mentally unstable. Although in your case it won't make much difference i guess.

slapass · 03-17-2013, 09:39 AM

This is the dumbest idea. The people are all going to pull their cash out and the banks are going to need a new bailout next weekend. Let them go under and call it a day.

EddyTheDog · 03-17-2013, 09:40 AM

Quote:

Originally Posted by Dirty F

You will hit him with your handbag?

I have a man sized pair of 6 inch heels for such occasions...

Sly · 03-17-2013, 09:58 AM

I am too young to know and have not done the reading, but is this similar at all with what happened in Panama several decades ago?

Klen · 03-17-2013, 10:05 AM

Quote:

Originally Posted by Tom.K

I live in Croatia currently, it's totally economically screwed country and is joining EU in few months
fortunately, I'm not earning money at my home country so I'm not feeling all this disasters going on here

And from where are you originally ?

Theo · 03-17-2013, 10:50 AM

I lived in Cyprus in the past, but im not from there or have any family. Pretty dumb idea if you ask me. Btw, North Cyprus and Cyprus are two different things. North Cyprus is a land illegally occupied by turkish military and is not recognised as a country

EddyTheDog · 03-17-2013, 10:56 AM

Quote:

Originally Posted by AVN Theo

I lived in Cyprus in the past, but im not from there or have any family. Pretty dumb idea if you ask me. Btw, North Cyprus and Cyprus are two different things. North Cyprus is a land illegally occupied by turkish military and is not recognised as a country

I agree with you on the N Cyprus issue - Its a seriously fucked up situation...

I think things will change - Turkey are desperate to join Europe (god knows why given the current mess) and that will only happen if they back down.

Theo · 03-17-2013, 11:02 AM

Cypriot banks lost 7bil euro in greek bonds they were holding

Theo · 03-17-2013, 11:03 AM

I dont get Turkey either, EU is cancerous

03-16-2013, 01:42 PM	#1
EddyTheDog Just Doing My Own Thing Industry Role: Join Date: Jan 2011 Location: London, Spain, New Zealand, GFY - Not Croydon... Posts: 25,190	Do you have money in a Cypriot account - Not any more... My mum had just under 5k in a Cypriot account - She has just been told by the corresponding bank in Spain the money is not there. I knew this would happen when I saw the news this morning - 5k down the drain.... Good luck to all the Russians who think they have cash in Cypriot accounts.

03-16-2013, 03:16 PM	#6
sperbonzo I'd rather be on my boat. Industry Role: Join Date: May 2003 Location: Miami, FL Posts: 9,748	Coming soon to a government near you.... First they will start stealing from your retirement and pension accounts, and then from savings accounts..... basically whatever they want. And we will all let them. . __________________ Michael Sperber / Acella Financial LLC/ Online Payment Processing [email protected] / http://Acellafinancial.com/ ICQ 177961090 / Tel +1 909 NET BILL / Skype msperber

03-17-2013, 06:40 AM	#16
versa Confirmed User Industry Role: Join Date: Jun 2011 Posts: 266	Pretty smart, they know so many of the big deposits probably are not that willing to make their name public, their will be little backlash there. Put in a cap on the amount that can be transferred out per year, people just get used to a little tax bite after the year and say fuckit might as well leave it in Cypress as the other places will probably be worse. __________________ Longbucks.com - Teen & Virgin Affiliate program with a killer $100 flat-fee webmaster referral Find&Try - Adult dating and personals social network, 95% PPS or up to 75% RSP - Converting at 1:407 last 30 days!

03-17-2013, 06:46 AM	#18
Sexier Confirmed User Industry Role: Join Date: Sep 2010 Location: Celt-Iberia Posts: 364	Word here is that all saving accounts are on hold till next tuesday __________________ Webmasters Contact: \| skype: jp_sexier

03-17-2013, 07:53 AM	#26
PornoStar69 Confirmed User Join Date: Oct 2008 Location: xxweekxx mothers bed. Posts: 2,050	illuminati getting tight Are we still asleep my fellow sheeple? looks like the test run is going according to plan. __________________ GFY King? Last edited by PornoStar69; 03-17-2013 at 07:55 AM.. Reason: :)

03-16-2013, 02:03 PM	#2
Google Expert Webmaster Industry Role: Join Date: Jun 2004 Posts: 14,294	your mom spent it on gigolos

03-16-2013, 02:51 PM	#4
bl4h Confirmed User Join Date: Jul 2006 Location: Philadelphia Posts: 1,282	reminds me of the 5k epassporte owes me im not gonna say i want to beat the guy to death with the claw end of a hammer because thats illegal. but it angers me

03-16-2013, 04:06 PM	#12
L-Pink working on my tan Industry Role: Join Date: Mar 2005 Location: Florida/Kentucky Posts: 39,151	sperbonzo …. nice post! .

03-17-2013, 08:27 AM	#31
Sexier Confirmed User Industry Role: Join Date: Sep 2010 Location: Celt-Iberia Posts: 364	Update: I have now online banking access and nothing is on hold or withdraw from accounts. Just arrived home from carnival parade all seems normal, lets wait till tomorrow when they make final decision __________________ Webmasters Contact: \| skype: jp_sexier

03-17-2013, 08:42 AM	#33
TheSquealer Mayor of Thneedville Industry Role: Join Date: Oct 2004 Posts: 25,335	So one of the last EU havens for tax evasion and money laundering needs a bailout and the EU demands they start taxing the BILLIONS AND BILLIONS of dollars held on behalf of every criminal group in Eastern Europe and beyond? Oh well. You guys act like this isn't a factor in the decision to tell them "start taxing depositors". No one seemed to mind as the drug money, stolen money, embezzled money, arms deals money etc was pouring in for a decade and a 1/2 and things were going good. I haven't seen any recent stats on Russian holdings in Cypriot banks, but it is well known that Cyprus was THE primary benefactor of the collapse of the Soviet Union where BILLIONS AND BILLIONS flooded into Cypriot banks from Russia and the rest of the CIS/East European gangster states and that pattern has continued since. The Russian government under Yeltsin devoted considerable resources to trying to reclaim/repatriate pilfered money from Cyprus as the problem was massive beyond description. So.... Whatever. In the banking world, its been proven time and time again that when you try try to do business in the shadows, it will inevitably catch up to you and there are consequences. If you parked your money in banks that are well known all over the world for doing business with every corrupt government, corrupt officials, arms dealers, drug dealers, gangsters, human traffickers and so on... too bad. You rolled the dice, now you pay. __________________ . Yes, fewer illegal immigrants working equates to more job opportunities for American citizens. Rochard Last edited by TheSquealer; 03-17-2013 at 08:45 AM..

03-17-2013, 09:16 AM	#37
seeandsee Check SIG! Industry Role: Join Date: Mar 2006 Location: Europe (Skype: gojkoas) Posts: 50,945	just keep money in banks :D __________________ BUY MY SIG - 50$/Year Contact here

03-17-2013, 09:39 AM	#43
slapass Too lazy to set a custom title Join Date: Nov 2002 Location: Earth Posts: 14,625	This is the dumbest idea. The people are all going to pull their cash out and the banks are going to need a new bailout next weekend. Let them go under and call it a day.

03-17-2013, 09:58 AM	#45
Sly Let's do some business! Industry Role: Join Date: Sep 2004 Location: Austin, TX Posts: 31,336	I am too young to know and have not done the reading, but is this similar at all with what happened in Panama several decades ago? __________________ Vacares - Web Hosting, Domains, O365, Security & More - Paxum and BTC Accepted Windows VPS now available Great for TSS, Nifty Stats, remote work, virtual assistants, etc. Click here for more details.

03-17-2013, 10:50 AM	#47
Theo HAL 9000 Industry Role: Join Date: May 2001 Posts: 34,515	I lived in Cyprus in the past, but im not from there or have any family. Pretty dumb idea if you ask me. Btw, North Cyprus and Cyprus are two different things. North Cyprus is a land illegally occupied by turkish military and is not recognised as a country

03-17-2013, 11:02 AM	#49
Theo HAL 9000 Industry Role: Join Date: May 2001 Posts: 34,515	Cypriot banks lost 7bil euro in greek bonds they were holding

03-17-2013, 11:03 AM	#50
Theo HAL 9000 Industry Role: Join Date: May 2001 Posts: 34,515	I dont get Turkey either, EU is cancerous