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.

your mom spent it on gigolos

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

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...

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.






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

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

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 :mad::mad::mad:...

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! :winkwink:


.:2 cents:



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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.

sperbonzo …. nice post!

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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

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

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)

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.

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.

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....

I thought it had to be over 100k

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

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...

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

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

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

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

Excellent post and spot on. :2 cents:

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.

On top of their normal fees.

This is thievery in every sense of the word. The people should burn those banks to the ground. :2 cents: If they don't make a stand now and let them know they will not tolerate this, then they deserve the fucking they get.

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.

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.

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...

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.

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?

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....

just keep money in banks :D

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

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

http://4.bp.blogspot.com/-lndptXYoim...4.10.37+PM.png

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.

:stoned

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