The Beginning Of The End
The Beginning Of The End By Michael T. Snyder - Kindle Version

The Prepper's Cookbook

Don't Buy Survival Food Until You Read This - If you stockpile the wrong foods, you could be setting your family up to starve. It sounds harsh, but the truth is too many people with good intentions are making critical mistakes with their food stockpiles. Watch this video now >>
The End of Obama? Approaching Obama scandal could change the White House Administration and our country overnight... Click Here
Gold Buying Guide: Golden Eagle Coins
PREPARE FOR A CME, EMP, OR GRID DOWN TERRORIST ATTACK AT: http://www.iplantosurvive.info/

Archives

After The Banksters Steal Money From Bank Accounts In Cyprus They Will Start Doing It EVERYWHERE

If The Banksters Will Steal Money From Bank Accounts In Cyprus Then They Will Do It ANYWHERECyprus 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 too much about it) and because there is a lot of foreign (i.e. Russian) money parked there.  The IMF and the EU could have easily bailed out Cyprus without any trouble whatsoever, but they purposely decided not to do that.  Instead, they decided that this would be a great time to test the idea of a "wealth tax".  The government of Cyprus was given two options by the IMF and the EU - either they could confiscate money from private bank accounts or they could leave the eurozone.  Apparently this was presented as a "take it or leave it" proposition, and many are using the world "blackmail" to describe what has happened.  Sadly, this decision is going to set a very ominous precedent for the future and it is going to have ripple effects far beyond Cyprus.  After the banksters steal money from bank accounts in Cyprus they will start doing it everywhere.  If this "bank robbery" goes well, it will only be a matter of time before depositors in nations such as Greece, Italy, Spain and Portugal are asked to take "haircuts" as well.  And what will happen one day when the U.S. financial system collapses?  Will U.S. bank accounts also be hit with a "one time" wealth tax?  That is very frightening to think about.

Cyprus is a very small nation, so it is not the amount of money involved that is such a big deal.  Rather, the reason why this is all so troubling is that this "wealth tax" is shattering confidence in the European banking system.  Never before have the banksters come directly after bank accounts.

If everything goes according to plan, every bank account in Cyprus will be hit with a "one time fee" this week.  Accounts with less than 100,000 euros will be hit with a 6.75% tax, and accounts with more than 100,000 euros will be hit with a 9.9% tax.

How would you feel if something like this happened where you live?

How would you feel if the banksters suddenly demanded that you hand over 10 percent of all the money that you had in the bank?

And why would anyone want to still put money into the bank in nations such as Greece, Italy, Spain or Portugal after all of this?

One writer for Forbes has called this "probably the single most inexplicably irresponsible decision in banking supervision in the advanced world since the 1930s."  And I would agree with that statement.  I certainly did not expect to see anything like this in Europe.  This is going to cause people to pull money out of banks all over the continent.  If I was living in Europe (and especially if I was living in one of the more financially-troubled countries) that is exactly what I would be doing.

The bank runs that we witnessed in Cyprus over the weekend may just be a preview of what is coming.  When this "wealth tax" was announced, it triggered a run on the ATMs and many of them ran out of cash very rapidly.  A bank holiday was declared for Monday, and all electronic transfers of money were banned.

Needless to say, the people of Cyprus were not too pleased about all of this.  In fact, one very angry man actually parked his bulldozer outside of one bank branch and threatened to physically bulldoze his way inside.

But this robbery by the banksters has not been completed yet.  First, the Cypriot Parliament must approve the new law authorizing this wealth confiscation on Monday.  If it is approved, then the actually wealth confiscation will take place on Tuesday morning.

According to Reuters, the new president of Cyprus is warning that if the bank account tax is not approved the two largest banks in Cyprus will collapse and there will be complete and total financial chaos in his country...

President Nicos Anastasiades, elected three weeks ago with a pledge to negotiate a swift bailout, said refusal to agree to terms would have led to the collapse of the two largest banks.

"On Tuesday ... We would either choose the catastrophic scenario of disorderly bankruptcy or the scenario of a painful but controlled management of the crisis," Anastasiades said in written statement.

In several statements since his election, he had previously categorically ruled out a deposit haircut.

The fact that the new president had previously ruled out any kind of a wealth tax has a lot of people very, very upset.  They feel like they were flat out lied to...

"I'm furious," said Chris Drake, a former Middle East correspondent for the BBC who lives in Cyprus. "There were plenty of opportunities to take our money out; we didn't because we were promised it was a red line which would not be crossed."

But apparently the wealth confiscation could actually have been far worse.  According to one report, the IMF and the EU were originally demanding a 40% wealth tax on bank account holders in Cyprus...

As the President of Cyprus proclaims  to his people that "we' should all take responsibility as his historic decision will "lead to the permanent rescue of the economy," it appears that the settled-upon 9.9% haircut is a 'good deal' compared to the stunning 40% of total deposits that Germany's FinMin Schaeuble and the IMF demanded.

Could you imagine?

How would you feel if you woke up someday and 40% of all your money had been taken out of your bank accounts?

At this point, there is still some doubt about whether this plan will actually be adopted or not.

Right now the new president of Cyprus does not have the votes that he needs, but you can be sure that there is some high level arm twisting going on.

Originally the vote was supposed to happen on Sunday, but it was delayed until Monday to allow for some extra "persuading" to be done.

And of course the people of Cyprus are overwhelmingly against this wealth tax.  In fact, one poll found that 71 percent of the entire population of Cyprus wants this plan to be voted down.

The funny thing is that Cyprus is not even in that bad of shape.

The unemployment rate is around 12 percent, but in other European nations such as Greece and Spain the unemployment rate is more than double that.

Cyprus has a debt to GDP ratio of about 87 percent, but the United States has a debt to GDP ratio of well over 100 percent.

So if they will go directly after bank accounts in Cyprus, what will stop them from going after bank accounts in larger nations when the time comes?

In the final analysis, this is a game changer.  No longer will any bank account in the western world be considered to be 100 percent safe.

Trust is a funny thing.  It takes a long time to build, but it can be destroyed in a single moment.

Trust in European banks has now been severely damaged, and that damage is not going to be undone any time soon.

A recent blog post by the CEO of Saxo Bank, Lars Christensen, did a great job of explaining how incredibly damaging this move by the IMF and the EU truly is...

This is a breach of fundamental property rights, dictated to a small country by foreign powers and it must make every bank depositor in Europe shiver. Although the representatives at the bailout press conference tried to present this as a one-off, they were not willing to rule out similar measures elsewhere - not that it would have mattered much as the trust is gone anyway. It is now difficult to expect any kind of limitation to what measures the Troika and EU might take when the crisis really starts to bite.

if you can do this once, you can do it again. if you can confiscate 10 percent of a bank customer's money, you can confiscate 25, 50 or even 100 percent. I now believe we will see worse as the panic increases, with politicians desperately trying to keep the EUR alive.

Depositors in other prospective bailout countries must be running scared - is it safe to keep money in an Italian, Spanish or Greek bank any more? I dont know, must be the answer. Is it prudent to take the risk? You decide. I fear this will lead to massive capital outflows from weak Eurozone countries, just about the last thing they need right now.

This is the biggest moment that we have witnessed since the beginning of the European financial crisis.

Financial authorities in Europe could try to calm nerves by at least pretending that this will never happen again in any other country, but so far  they are refusing to do that...

Jeroen Dijsselbloem, president of the group of euro-area ministers, on Saturday declined to rule out taxes on depositors in countries beyond Cyprus, although he said such a measure was not currently being considered.

Such a measure is "not currently being considered" for other members of the eurozone?

Yeah, that sure is going to make people feel a lot more confident in what is coming next.

I have insisted over and over that the next wave of the economic collapse would originate in Europe, and we may have just witnessed the decision that will cause the dominoes to start to fall.

The banksters have sent a very clear message.  When the chips are down, they are going to come after YOUR money.

So what do you think about the bank robbery that is taking place in Cyprus?  Please feel free to post a comment with your thoughts below...

Bank Robbery In Progress - Photo by PAVA

Be Sociable, Share!
  • http://twitter.com/Siborg6 Mark Caldwell

    I said this would happen, starting in Europe. It is going to get worse. When the White House was asked about the Cyprus development they had “no comment”. When the dollar is finally undermined entirely 401k’s, IRA’s will be the first things gone after but eventually even safety deposit boxes will get looted when this starts happening in the U.S.

  • Bob

    Pull all your cash, leave just enough in your checking to pay bills. Put the balance into Gold or Silver (Physical), No paper! Get out of All paper! Including 401K, pay the penalty. You will be 10 steps ahead of everyone else!

  • Fred

    What would I do if the bastards stole my money like that? I’d go down to the bank, put a gun to the managers head and take my money, along with

    every other god fearing, patriotic and armed American..
    In the mean time I’m moving what I can out of the US
    financial system and hope to god I don’t need to use
    a gun..Because if I do, and everyone else does, there
    is going to be civil war in America.

  • Honest Harry’s Used Cars

    The banks actually, aren’t stealing anything. The government of Cyprus will have to pass a law that does this. If the government of Cyprus passes that law, then the banks will loan Cyprus more money.

    People who talk about the banks stealing money have their heads screwed on backwards.

    It’s the government that is stealing money in Cyprus, -just as it is the government that is stealing the money here in the U.S.

    Ben Bernanke couldn’t do what he is doing without tacit approval from the U.S. government.

    Get the story right. You are letting the real culprits get away when you say the banks are stealing from the people. It’s the government that is doing the stealing.

    It was the U.S. government that passed TARP, and in so doing, authorized QE1, QE2 and QE3 too.

  • http://www.facebook.com/profile.php?id=798799895 Jack White

    If we are lucky, it will only be crying… What, you think it will only be people making a run on the banks? What about countries ^.^ >_>

  • http://www.facebook.com/snitty.t Mitchell Theobald

    im fine with my offshore swiss bank account thanks lol

  • John

    This website is constant hysteria. It’s message is clearly designed to reinforce paranoia and fear. Its advertisers are mostly survivalist fear merchants. Cyprus’ loss is another country’s gain. There is no secret cabal of “banksters” (meaning Jews) who meet in some dark room and plot the control of the world while rubbing their giant hooked noses.

  • ZombieDawg

    …and so the chickens come home to roost at last…
    I’ve warned people for 2 years to put their “money” into REAL assets like gold and especially silver, and just keep 1-2 months worth of day-to-day living funds in your bank account.
    Amazing how many people are now doing just that…

  • Rogoraeck

    There’s a lot of money in Cyprus banks from the Russian Plutocrats/Mafia
    So the Cyprus politicians/bankers better start wearing Kevlar undies!

  • teresa

    i told my husband 2 to 3 weeks ago to take our money out of the bank i had a bad feeling and he did so i feel a little safer now and if things get real bad and cant spend it due to there will nothing money can buy well at least the gov wont get ill burn it first amen

  • http://twitter.com/JailBanksters JailBanksters

    Anyone ever wondered why the IMF is called the International Mafia Fund, or the EU is called the European Unrest

  • Tim

    The bankers have just declared war on the people. Once the Cyprus experiment is done, Spain and Italy will likely be next. Eventually they will have a grand closing in America, where I’m sure they will try and take between 20-40% from US. Now it makes sense why the government is having such a hard on for banning guns and why DHS is stocking up on so much ammo. Don’t bother puting faith in any politician to help at this point, they are simply the hired muscle of the banks at this point. Time to rise up!

  • Goldmansachs

    The government have honest way and dishonest way to tax the people. The honest way is the day light robbery like in Cyprus and the dishonest way is to fade away your purchasing power by inflation over time. It is the same ending lost of purchasing power over time. So if you want to keep away from bank robbery, buy gold and keep it safe outside banking system.

  • PALADIN

    They are bucking for Revolution.
    Have’nt dealt with a bank for over a year.
    I have a credit card for emergencies with a monthly limit of a thousand dollars.
    They mess with me, they don’t get THEIR money.
    I’ve hid all my assests in the past 2 years just for the sheer purpose of keeping those thug bankers and the Government away from them.
    You can’t get blood from a stone.

  • wildflower82

    Who has money in savings here in the US? Most people live paycheck to paycheck it seems. Banks are crooks per usual.

  • None

    Its happening all over the world. In Australia the following: “Cash Crab: Inactive bank accounts to be seized – - – The government (Australia) will from May 31 be able to transfer all money from accounts that have not been used for three years into their own revenues” (The Daily Bell)

  • Mondobeyondo

    Uh-oh. Now…. may be a good time… to start searching for some … exits…

  • Mee

    Well people themselves are partialy to bkame for doing business with the banks, if you still have a bank account your looking for trouble, get out now while you can and turn your paper into precious metals. i remember my granmother telling me long ago dont trust the banks. She saw it all before, stop blaming others take control of your own lives, good luck all

  • John Hendren

    Has anybody here ever listened to Rod Class before? Google the name and
    listen to the last few shows on Talkshoe. AIB Radio. He breaks it down so anybody
    can understand what has happened to US. Learn what they did
    not teach you in the government schools. Rod Class goes after the people
    that has overthrown our Constitutional government. He takes them to
    court under the Private Attorney General act. He has four administrative
    rulings that go across the country. The police and all government
    officials work for private corporations and they can be sued personally.
    They gave up their US citizenship when they took their oath of office.
    We are being ruled by the BAR and the banks. They screwed us with the
    Federal Reserve Act 1913, and the 1933 bankruptcy. Do you ever wonder
    why all the politicians are BAR members. You will be shocked when you
    learn what his team of investigators has uncovered. You have been
    enslaved with their phoney notes that they call money that you were
    never supposed to receive. We are still under that bankruptcy and their
    little club is stealing all the natural resources from us and every
    other country.

  • John Hendren

    Has anybody here ever listened to Rod Class before? Google the name and
    listen to the last few shows on Talkshoe. AIB Radio. He breaks it down
    so anybody can understand what has happened to US. Learn what they did
    not teach you in the government schools. Rod Class goes after the people
    that have overthrown our Constitutional government. He takes them to
    court under the Private Attorney General act. He has four administrative
    rulings that go across the country. The police and all government
    officials work for private corporations and they can be sued personally.
    They gave up their US citizenship when they took their oath of office.
    The BAR and the banks are ruling us. They screwed us with the Federal
    Reserve Act 1913, and the 1933 bankruptcy. Do you ever wonder why all
    the politicians are BAR members? You will be shocked when you learn what
    his team of investigators has uncovered. You have been enslaved with
    their phony notes that they call money that you were never supposed to
    receive. We are still under that bankruptcy and their little club is
    stealing all the natural resources from us and every other country.

  • Phwano

    Wealth tax, that’s a misnomer, ‘we will make you poor tax’ would be more accurate.

  • http://www.facebook.com/chris.roland.1217 Chris Roland

    they did the same thing to Greece. The Jewish World Bankers sold Greece worthless debt. Now they want Greece to take tax payers bailout so they can give it back to the Bankers.. the bankers win twice. We need to kick out the Jewish Governments that are siphoning the countries resources.

  • SmRt PrSon

    My idea is for all countries to forgive each others dept. Start from zero, and not to borrow from anyone else anymore. This might stop the overwhelming feeling of bubbles bursting and people fighting. But then again who am I but a bank account to take from…

  • http://twitter.com/bgamall Boycott the Lenders

    I support a wealth tax, not a wealth confiscation. A wealth tax is a government tax. A wealth confiscation is a stealing of money to make banks whole.

  • Gordan Finch

    When everyone realize “banks” represent a risk to his or
    her savings? Cyprus– Insolvent banks stealing depositor’s money on orders from
    International Monetary Fund and European Union clearly says it all.

    “You” are next making no mistake Central Banks like the ECB will
    do whatever its takes- (Draghi’s words. That means that they will steal your
    money no matter who you are.

    The European union with its horrendous taxes is slowly destroying European
    countries.

    VAT for example is 22% on all luxury goods? –Fuel cost is 3 to 4 times
    higher in the European Union than the United States, nearly £10 a gallon.

    Even food has this tax imposed; the elderly are dying in there thousands
    because they cannot afford to buy fuel to heat their home.

    There are Manufacturers who can’t afford to use even their own transport to
    deliver their goods, “because” it costs more to transport than it
    doe’s to manufacture.

    Banks and European Union is just one large group of central banks. Who have
    bought out all of the politicians in power? And now is a Cartel of Racketeering, Gangsters called Central Banks.

Emergency Essentials/BePrepared
Agora Financial
Thrive Life
FEMA Hates This

Austin Coins
Family Survival Plan - Check This Out!

PRI Advanced Fuel Treatments

High Blood Pressure?
Liberty Metals
The End Of America?
Panama Tours
ecb125e
Facebook Twitter More...