5: Big Bang Looming.......

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Profile Gary Charpentier Crowdfunding Project Donor*Special Project $250 donor
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Message 1348158 - Posted: 18 Mar 2013, 17:59:27 UTC - in response to Message 1348150.  

The world has gone crazy, when politicians can simply steal money from saving accounts of its citizens.

It is called an ad valorem tax. Note that it has been around since the Roman Empire, hence it being a Latin phrase in the English language.

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Message 1348163 - Posted: 18 Mar 2013, 18:14:41 UTC - in response to Message 1348157.  
Last modified: 18 Mar 2013, 18:15:37 UTC

so your post quoted regarding Russian money becomes suspect in light of this comment, which by the way, I fully agree with: -

Talk about hedging ones bets .... Make your mind up laddie, you can't have it both ways.

This was the price for a 10bn-euro bailout. Without it Cyprus risked defaulting by May.

The Germans, however, were not prepared to support a larger bailout. They suspected that half of the deposits in the island's banks were held by Russians with much of the money being laundered. Rescuing high-rolling Russians could not be sold to German taxpayers.

International politics is something you obviously don't understand.

The world has gone crazy, when politicians can simply steal money from saving accounts of its citizens. Disgraceful.

Agreed in principle, when it affects innocent people in the street.

and another example of the folly of the euro.

And just what has the Euro to do with it?





Ah, so law & rule of law is only for the likes of you to bandy about when it suits you? Suspect is NOT the same as PROOF, so the Mekon being the "Fat Comptroller" her word is now law & she can do as she sees fit?

Can you at least read?

"The 10bn-euro ($13bn; £8.6bn) bailout agreed with the EU and IMF demands that all bank customers pay a one-off levy."....

...& all because the lady loves.......
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Message 1348180 - Posted: 18 Mar 2013, 18:42:40 UTC

Ladies & Gentlemen, there are times when it becomes quite apparent, that there is simply no point in banging ones head against a particularly thick brick wall. This evening I have an important Committee meeting to go to as Secretary, so I will bid you farewell until tomorrow.



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Message 1348183 - Posted: 18 Mar 2013, 18:52:25 UTC - in response to Message 1348180.  

Ladies & Gentlemen, there are times when it becomes quite apparent, that there is simply no point in banging ones head against a particularly thick brick wall. This evening I have an important Committee meeting to go to as Secretary, so I will bid you farewell until tomorrow.




Make sure that the committee does not base their actions on suspicions, there's a good chap!
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Message 1348190 - Posted: 18 Mar 2013, 19:14:27 UTC - in response to Message 1348034.  

No 3 looks like someone assuming that's the reason. Without any references to that statement....

As for the Russian money launderers.......

...interesting that the EU are doing this now.......

What about the Drug Cartels that invested in Europe....

Of course, once the Cyprus banks take 10% of this supposed laundered money,
under the direction of the ECB, then the remainder in these accounts now
become legal...small price to pay I'd say. How many other ECM countries banks
have accounts holding suspected laundered money...every one of them !!! So
what has the ECB done about these dodgy accounts previously, NOTHING, and
why? because this money was helping to support the ailing banks around
Europe. Cyprus has been picked on unfairly by Brussels here as no other ailing
ECM country that has been bailed out suffered under the same draconian measure.
It's sequestration, full in the face, of the public's savings and since the ECM
can not devalue the Cyprus Euro they have devalued the Cyprian's spending
power by around 10% in stead. What the hell is Cyprus doing anyway being part
of the ECM....it's economy is just not strong enough. Is this the end of the
beginning for the ECM or the beginning of the end of it...well, It's the latter.


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Message 1348199 - Posted: 18 Mar 2013, 19:26:11 UTC - in response to Message 1348190.  

It's the end Nick & about damned time! I'm just wondering who's next?
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Message 1348221 - Posted: 18 Mar 2013, 19:51:05 UTC - in response to Message 1348199.  

It's the end Nick & about damned time! I'm just wondering who's next?

No one, they daren't pull this trick a second time especially against a bigger
country like Spain, Italy or Portugal. They might fancy trying it on Ireland
if they were to get in to trouble again but I suspect Brussels HQ will have it's
windows blown out within a fortnight???


The Kite Fliers

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Message 1348227 - Posted: 18 Mar 2013, 20:00:25 UTC - in response to Message 1348221.  

Well Sir Humphrey ran out out with his tail between his legs failing to realise that "International Politics" has finally destroyed what little trust people had in banks.

So if this isn't nipped in the bud PDQ, it looks like your remarks on a "Depression" will ring true. Personally I didn't think it would get that low...but now.........

...If it happens, its going to be more brutal than that of the '30s!
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Message 1348233 - Posted: 18 Mar 2013, 20:09:15 UTC - in response to Message 1348227.  

Well Sir Humphrey ran out out with his tail between his legs failing to realise that "International Politics" has finally destroyed what little trust people had in banks.

So if this isn't nipped in the bud PDQ, it looks like your remarks on a "Depression" will ring true. Personally I didn't think it would get that low...but now.........

...If it happens, its going to be more brutal than that of the '30s!

Certainly will be more brutal than the 20's Sirius primarily because it
will be both Public & Private sector debt lead.


The Kite Fliers

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Kite fliers: An imaginary club of solo members, those who don't yet
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Message 1348257 - Posted: 18 Mar 2013, 21:05:04 UTC - in response to Message 1348233.  

Well I'm hoping that when these "unmentionables" go, the EU goes with them.............

Von Rompuy & Ashton to step down
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Message 1348289 - Posted: 18 Mar 2013, 22:32:32 UTC - in response to Message 1348257.  

Well I'm hoping that when these "unmentionables" go, the EU goes with them.............

Von Rompuy & Ashton to step down

They will be replaced by two more puppets, so the Muppet show rolls on for a bit
longer. But as we know, like any show, the format can only run for so long before
it runs out of fans and supporters. I suspect it will all finally come to an
end once the money runs out.

The Kite Fliers

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Kite fliers: An imaginary club of solo members, those who don't yet
belong to a formal team so "fly their own kites" - as the saying goes.
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Message 1348446 - Posted: 19 Mar 2013, 11:44:06 UTC
Last modified: 19 Mar 2013, 11:51:56 UTC

Cyprus considers zero tax on smaller bank deposits

The Cyprus finance ministry suggests savers holding less than 20,000 euros (£17,000) would be exempt from a bank levy which has caused much alarm. The plan was changed following outrage that ordinary savers would be forced to pay a levy of 6.75%. The new plan would keep that levy on deposits over 20,000 euros, with those over 100,000 euros charged at 9.9%.

The controversial tax is a condition for Cyprus to get a 10bn-euro loan from the EU and IMF, to rescue its banks. A crucial vote is looming in the Cypriot parliament on the bailout deal - expected to start at 18:00 (16:00 GMT). But there is still much uncertainty, and it is expected to be very close.

President Nicos Anastasiades has urged all parties to back the bailout, saying Cyprus will be bankrupt if the deal does not go ahead.

It is being said that the clever money has already left Cyprus. Even three ordinary people I know, sold their holiday villas in Portugal over 5 years ago when they could see the writing on the wall. Those people with millions or billions naturally have access to the best financial advice money can buy, enabling them to mainly keep one step ahead of the game. Even Swiss numbered accounts aren't as secure as they once were.

With recent changes in the Swiss bank secrecy regime the assets held by foreign persons in Swiss bank accounts declined according to data by the Swiss National Bank (SNB) by 28.1% between January 2008 and November 2009. Other states, such as Singapore, have attracted depositors seeking privacy and protection.

Russian money
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Message 1348468 - Posted: 19 Mar 2013, 13:46:19 UTC - in response to Message 1348446.  

Regardless of what many say, money laundering is occurring in every country, it's fact of modern society.

There's a dangerous precedent being set up that can come back to haunt us all....

"There are also perfectly legitimate reasons for a Russian company to want to set up in Cyprus; the 10% corporate tax rate, as well as Russia's tax treaty with Cyprus which means a firm will not be taxed in both places.

"Russian business takes great advantage of the low corporate tax rate and favourable tax rates for profit and dividends in Cyprus. But that is also true of western companies wanting to set up in Russia," said Andrey Goltsblat from the Moscow-based law firm Goltsblat BLP."

Unless the EU is reined in, it will get to the point where the issues experienced here with the press will be nothing but a sideshow compared to what will happen!
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Message 1348475 - Posted: 19 Mar 2013, 13:55:30 UTC
Last modified: 19 Mar 2013, 14:16:02 UTC

Request to move post elsewhere.
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Message 1348480 - Posted: 19 Mar 2013, 14:07:01 UTC - in response to Message 1348475.  
Last modified: 19 Mar 2013, 14:41:45 UTC

One issue arisen from the Cyprus debacle is that mistakes were made.....

..now the question is...who made them & what will be done to rectify them?

Cyprus considers 0 tax on smaller savers

Damage limitation

Who messed up?
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Message 1348522 - Posted: 19 Mar 2013, 15:42:09 UTC

Cartoon of the year.....


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Message 1348529 - Posted: 19 Mar 2013, 18:43:44 UTC - in response to Message 1348468.  
Last modified: 19 Mar 2013, 18:44:34 UTC

Regardless of what many say, money laundering is occurring in every country, it's fact of modern society.

There's a dangerous precedent being set up that can come back to haunt us all....

"There are also perfectly legitimate reasons for a Russian company to want to set up in Cyprus; the 10% corporate tax rate, as well as Russia's tax treaty with Cyprus which means a firm will not be taxed in both places.

"Russian business takes great advantage of the low corporate tax rate and favourable tax rates for profit and dividends in Cyprus. But that is also true of western companies wanting to set up in Russia," said Andrey Goltsblat from the Moscow-based law firm Goltsblat BLP."

Unless the EU is reined in, it will get to the point where the issues experienced here with the press will be nothing but a sideshow compared to what will happen!

With all this in mind then it seems pretty pointless Cyprus being part of the
ECM. Especially now that it appears that Russia is going to bail them out
financially, though at a cost of the rights to their oil & gas fields. So a smart
move by Russia and a poor move by the ECB...the ECB has been userped and to
think they wont to tell the UK how to run/regulate it's banking sector...they've
got absolutely no idea...have they this ECB bunch of ramshackle lets play
"Bankers".
The Kite Fliers

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belong to a formal team so "fly their own kites" - as the saying goes.
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Message 1348530 - Posted: 19 Mar 2013, 18:43:50 UTC

This was widely predicted .....

Cyprus vote rejected
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Message 1348531 - Posted: 19 Mar 2013, 18:45:45 UTC - in response to Message 1348530.  
Last modified: 19 Mar 2013, 18:51:40 UTC

This was widely predicted .....

Cyprus vote rejected

...and through the back door comes the Russians....with, "Loads-a-money"
You could say that this is the first time an ECM member country has told
Brussels, "To go and get stuffed"...time we told Brussels to do this over
our banking sector. Shame on Cameron for he could have told Brussels to do
that but he hasn't got the metal and it's now showing. Of course, none of
the other two major political parties leaders have the metal either to stand
up to Brussels.
The Kite Fliers

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Kite fliers: An imaginary club of solo members, those who don't yet
belong to a formal team so "fly their own kites" - as the saying goes.
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Message 1348532 - Posted: 19 Mar 2013, 18:50:16 UTC
Last modified: 19 Mar 2013, 18:52:08 UTC

I would suggest that is a wrong conclusion Nick, the smart Russian money has already gone elsewhere. It's more likely to be Turkish troops through the back door .....
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