quote:

ORIGINAL: Yachtie

Cyprus?


A few days ago, when news hit that Cyprus has begun investigating who the people were who had managed to pull cash out of nation's insolvent banks, both during the capital control "blackout" period and previously, we asked "how much longer will the rule of law remain in Cyprus once full blown class warfare is unleashed, and the 99% are generously handed the list of the 1% who were "informed" enough to pull their money from the flaming sovereign equivalent of Bernie Madoff, while every other uninsured depositor is facing losses of up to 80%, and soon 100%?" We may get the answer much sooner than expected, as the first iteration of this list: one naming the beneficiaries of millions of loans written off by the now insolvent Cyprus banks and therefore indirectly responsible for the "impairment" of the banks' depositors, was released yesterday by Greece's daily Ethnos newspaper. But what virtually assures substantial political fallout is that among the people listed is Cyprus' former president, George Vassiliou. (emphasis added)


It's quite conceivable that this is how it could begin. Insiders getting theirs while extolling the virtues of the unwashed metaphorically "eating cake". Ya know, the guillotine works just fine, even in this modern age. Saves on bullets too. [8D]

But of course, there are those who will say the unwashed are but paying their fair share.[:'(]

quote:

ORIGINAL: Yachtie

It's quite conceivable that this is how it could begin. Insiders getting theirs while extolling the virtues of the unwashed metaphorically "eating cake". Ya know, the guillotine works just fine, even in this modern age. Saves on bullets too. [8D]

But of course, there are those who will say the unwashed are but paying their fair share.[:'(]

quote:

It's quite conceivable that this is how it could begin. Insiders getting theirs while extolling the virtues of the unwashed metaphorically "eating cake".

quote:

ORIGINAL: Yachtie
Cyprus?
A few days ago, when news hit that Cyprus has begun investigating who the people were who had managed to pull cash out of nation's insolvent banks, both during the capital control "blackout" period and previously, we asked "how much longer will the rule of law remain in Cyprus once full blown class warfare is unleashed, and the 99% are generously handed the list of the 1% who were "informed" enough to pull their money from the flaming sovereign equivalent of Bernie Madoff, while every other uninsured depositor is facing losses of up to 80%, and soon 100%?" We may get the answer much sooner than expected, as the first iteration of this list: one naming the beneficiaries of millions of loans written off by the now insolvent Cyprus banks and therefore indirectly responsible for the "impairment" of the banks' depositors, was released yesterday by Greece's daily Ethnos newspaper. But what virtually assures substantial political fallout is that among the people listed is Cyprus' former president, George Vassiliou. (emphasis added)
It's quite conceivable that this is how it could begin. Insiders getting theirs while extolling the virtues of the unwashed metaphorically "eating cake". Ya know, the guillotine works just fine, even in this modern age. Saves on bullets too. [8D]
But of course, there are those who will say the unwashed are but paying their fair share.[:'(]

quote:

ORIGINAL: DesideriScuri

quote:

ORIGINAL: Yachtie
Cyprus?
A few days ago, when news hit that Cyprus has begun investigating who the people were who had managed to pull cash out of nation's insolvent banks, both during the capital control "blackout" period and previously, we asked "how much longer will the rule of law remain in Cyprus once full blown class warfare is unleashed, and the 99% are generously handed the list of the 1% who were "informed" enough to pull their money from the flaming sovereign equivalent of Bernie Madoff, while every other uninsured depositor is facing losses of up to 80%, and soon 100%?" We may get the answer much sooner than expected, as the first iteration of this list: one naming the beneficiaries of millions of loans written off by the now insolvent Cyprus banks and therefore indirectly responsible for the "impairment" of the banks' depositors, was released yesterday by Greece's daily Ethnos newspaper. But what virtually assures substantial political fallout is that among the people listed is Cyprus' former president, George Vassiliou. (emphasis added)
It's quite conceivable that this is how it could begin. Insiders getting theirs while extolling the virtues of the unwashed metaphorically "eating cake". Ya know, the guillotine works just fine, even in this modern age. Saves on bullets too. [8D]
But of course, there are those who will say the unwashed are but paying their fair share.[:'(]

A financial show host on the local AM radio said he had read (I haven't looked into it at all, so if it's wrong, it's wrong) that while there was a Bank Holiday in Cyprus, the two biggest banks had branches that were open since they weren't located within Cyprus. Thus, the Russians that had billions of Euros in those banks could get their money out while they average Cypriot could not.

If that is the case, that whole thing was botched.

quote:

Asked about Saturday's announcement, University of Cyprus political scientist Antonis Ellinas predicted that unemployment, currently at 15 percent, will "probably go through the roof" over the next few years.

"It means that (people) ... have to accept a major haircut to their way of life and their standard of living. The social impact is yet to be realized, but they will be enormous in terms of social unrest and radical social phenomenon," Ellinas said.

There's also concern that large depositors — including many wealthy Russians — will take their money and run once capital restrictions that Cypriot authorities have imposed on bank transactions to prevent such a possibility are lifted in about a month.

quote:

Sofronis Clerides, an economics professor at the University of Cyprus, said: "Most of the damage will be done to businesses which had their money in the bank" to pay suppliers and employees. "There's quite a difference between a 30 percent loss and a 60 percent loss." With businesses shrinking, Cyprus could be dragged down into an even deeper recession, he said.

Clerides accused some of the 17 European countries that use the euro of wanting to see the end of Cyprus as an international financial services center and to send the message that European taxpayers will no longer shoulder the burden of bailing out problem banks.

quote:

ORIGINAL: Nosathro

The guillotine was abolished. Cyprus outlawed the death penalty in 1983.

quote:

ORIGINAL: Nosathro

quote:

ORIGINAL: Yachtie

Cyprus?


A few days ago, when news hit that Cyprus has begun investigating who the people were who had managed to pull cash out of nation's insolvent banks, both during the capital control "blackout" period and previously, we asked "how much longer will the rule of law remain in Cyprus once full blown class warfare is unleashed, and the 99% are generously handed the list of the 1% who were "informed" enough to pull their money from the flaming sovereign equivalent of Bernie Madoff, while every other uninsured depositor is facing losses of up to 80%, and soon 100%?" We may get the answer much sooner than expected, as the first iteration of this list: one naming the beneficiaries of millions of loans written off by the now insolvent Cyprus banks and therefore indirectly responsible for the "impairment" of the banks' depositors, was released yesterday by Greece's daily Ethnos newspaper. But what virtually assures substantial political fallout is that among the people listed is Cyprus' former president, George Vassiliou. (emphasis added)


It's quite conceivable that this is how it could begin. Insiders getting theirs while extolling the virtues of the unwashed metaphorically "eating cake". Ya know, the guillotine works just fine, even in this modern age. Saves on bullets too. [8D]

But of course, there are those who will say the unwashed are but paying their fair share.[:'(]

The guillotine was abolished. Cyprus outlawed the death penalty in 1983.

quote:

ORIGINAL: YN

quote:

ORIGINAL: Nosathro

The guillotine was abolished. Cyprus outlawed the death penalty in 1983.

The "legality" of killing those who are considered leading enemies of the people are rarely of any concern during a revolution.

quote:

ORIGINAL: Yachtie

I figured it was so obvious. Given that response, it's a wonder murder happens seeing as its illegal. [;)]

quote:

ORIGINAL: Politesub53

quote:

ORIGINAL: Yachtie

I figured it was so obvious. Given that response, it's a wonder murder happens seeing as its illegal. [;)]

I`m still waiting for your alternative plan for the banking system, noticable so far by its absence.

quote:

ORIGINAL: Yachtie

I have some obligation in that respect? To provide some alternative plan?

Really?[8|]

quote:

ORIGINAL: Yachtie

quote:

ORIGINAL: Politesub53

quote:

ORIGINAL: Yachtie

I figured it was so obvious. Given that response, it's a wonder murder happens seeing as its illegal. [;)]

I`m still waiting for your alternative plan for the banking system, noticable so far by its absence.

I have some obligation in that respect? To provide some alternative plan?

Really?[8|]

quote:

ORIGINAL: LookieNoNookie

Never forget Yachtie, you have to posts links (and a link proves that it happened....not common sense or logic....or even, god forbid, actual study), otherwise it didn't happen (because no one else but a poster is actually capable of doing their own homework or follow through) and if you ever point something out, or use personal experience (as in having been there/done that) ever, you have to prove with 47 experts (and links again...don't forget the links), every possible point to people who (haven't been there/done that and so, it's not real to them, even though it may be fact indeed) don't know how to read, don't understand semantics or, can't grasp that your first point ended after the period and when they see a new capital letter, that may (or may not) be the beginning of the second or a new point.

Oh, one other thing, it must be written in a way that they understand....not necessarily what you meant or how you would have written had you been speaking to someone who has a grasp on the subject, even if what you wrote is clear to a 9 year old who has been living under a bush for his or her entire life with no access to any intellectual tools of any kind.

So, simply, if what you write is misinterpreted, those are the facts, not in fact, what you wrote.

See?