LOOKS LIKE EVERYTHING FINANCIAL IS GOING

Argentina Makes Grab for Pensions Amid Crisis
http://www.fromthetrenchesworldreport.com/argentina-makes-grab-for-pensions-amid-crisis/38166/

http://www.infowars.com/banking-chief-calls-for-15-looting-of-italians-savings/
Banking Chief Calls For 15% Looting of Italians’ Savings

Is the financial rape of Cyprus another IMF riot waiting to happen?

Paul Joseph Watson
Infowars.com
March 18, 2013

News that the International Monetary Fund initially demanded to loot a shocking 40% of savings from the private bank accounts of Cypriots underscores how residents of the Mediterranean country could be the latest victims of the infamous “IMF riot,” as the chief economist of the German Commerzbank calls for Italians to be similarly plundered for 15% of their savings.

Image: YouTube

The government of Cyprus is set to vote tomorrow on enforcing a “tax,” which in reality is nothing less than a confiscation of private wealth, that would hit savers with between 100,000 to 500,000 euros with a levy of 9.9%. Those with over half a million euros will face an even higher rate of 15%.


http://countdowntozerotime.org/2013/03/18/5993/

President of Cyprus could be assassinated for taking 10% or 3.5 billion euros of Russian mob money now in Cypriot banks.

President of Cyprus could be assassinated for taking 10% of Russian mob money now in Cypriot banks.

This is how it happens. This is what it looks like. This is how it feels! This is the kind of article you could wake up to some morning. It’s happening right now on the island of Cyprus just off the Southern coast of Turkey. The European Union is demanding full payment of a billion Euro bailout loan to the island. All deposits in banks will be taxed nearly 10%. All wire transferred have been cancelled and the Cypriot people are furious. Can you blame them, to be surprised in such a manner. No one was asked, the President just did it and it appears it will go into effect when their Parliament votes on it tomorrow Monday.

Forbes called this “probably the single most inexplicably irresponsible decision in banking supervision in the advanced world since the 1930s.“

http://www.arabianmoney.net/gold-silver/2013/03/17/58bn-to-flood-out-of-cyprus-banks-due-to-10-deposit-confiscation-by-the-eu-and-into-gold-and-even-uae-banks/

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$50-58bn to flood out of Cyprus due to 9.9% bank deposit confiscation by the EU and into gold and even UAE banks
Posted on 17 March 2013 with 2 comments from readers

Depositors who are waking up to find that up to 10 per cent of their bank accounts in Cyprus have been confiscated as a part of a European Union rescue operation are unlikely to leave their money in the country because of the risk of it happening again. ATM machines have already emptied on the Mediterranean island in a bid to drain accounts. All electronic money transfers have been stopped.

An estimated $50 to $58 billion of deposits are being subject to the so-called tax or special levy, which gets around what was supposed to be an EU bank deposit guarantee scheme. This is the first EU banking bailout to involve such a mandatory confiscation of depositors’ money and was agreed by finance ministers yesterday.

Ending money laundering

It is aimed squarely at the huge offshore funds held in Cyprus by Russians, much of it said to be from money laundering though how an offshore banking centre is suppposed to adjudicate on the source of offshore funds presented to them by depositors is unclear.

The EU would evidently rather not have this money deposited inside the bloc and has made its draconian ruling to frighten this money away as well as to help refinance the beleaguered Cypriot banking sector. Ironically the impact of this $50 to $58 billion leaving the system will of course be devastating and almost certainly result in another crisis for the banking system.

Cyprus, Italy, Argentina - - - - Cyprus, Italy, Argentina - - - - CIA

Hey, I'm just sayin' . . . . . Probably only a coincidence. We report, you decide.

http://www.prisonplanet.com/banking-chief-calls-for-15-looting-of-italians-savings.html

Banking Chief Calls For 15% Looting of Italians’ Savings

Is the financial rape of Cyprus another IMF riot waiting to happen?

Paul Joseph Watson
Prison Planet.com
March 18, 2013

News that the International Monetary Fund initially demanded to loot a shocking 40% of savings from the private bank accounts of Cypriots underscores how residents of the Mediterranean country could be the latest victims of the infamous “IMF riot,” as the chief economist of the German Commerzbank calls for Italians to be similarly plundered for 15% of their savings.
Banking Chief Calls For 15% Looting of Italians Savings 180313cyprus

Image: YouTube

The government of Cyprus is set to vote tomorrow on enforcing a “tax,” which in reality is nothing less than a confiscation of private wealth, that would hit savers with between 100,000 to 500,000 euros with a levy of 9.9%. Those with over half a million euros will face an even higher rate of 15%.

However, the scale of the robbery could have been far higher. As Zero Hedge reports, “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.”

Now that the dictatorial EU and IMF have simply set about stealing the privately accrued wealth of lifetime savers in Europe, everyone is asking one question – who’s next?

Joerg Kraemer, chief economist of the German Commerzbank, has called for private savings accounts in Italy to be similarly plundered. “A tax rate of 15 percent on financial assets would probably be enough to push the Italian government debt to below the critical level of 100 percent of gross domestic product,” he told Handelsblatt.

What? You thought it might be next year?
Hah! Whaaaat are ya smokin?

http://www.thetotalcollapse.com/99-9-probablility-of-total-and-utter-collapse-before-april-2013-says-max-keiser/?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+TheTotalCollapse+%28The+Total+Collapse%29&utm_content=Yahoo!+Mail

99.9% probablility of total and utter collapse before April 2013, says Max Keiser

Posted By: Susoni [Send E-Mail]
Date: Monday, 18-Mar-2013 13:48:37

99.9% probablility of total and utter collapse before April 2013, says Max Keiser

Posted: 17 Mar 2013 09:16 AM PDT

Max Keiser predicts CIVIL WAR in America before April 2013, due to global fiat money collapse. He suggests that China pulling out of the propping up of American Debt will be the trigger. That and the upward move in interest rates. China are buying GOLD and investing in their own gold-backed currency?

2008 was a pre-cursor to how bad it’ll get, 2013 will be CATASTROPHIC for everyone.

The Total and Utter Collapse Before April 2013 Says Max Keiser

Max says, “Is there any way to stop this? No, there’s no way to stop this. Systems Analysis says that when you complicate a system to the degree that this has been compromised and complicated, there’s a 99.9% probablility of total and utter collapse before April 2013. There is only one possible outcome, ‘Civil War in America,’ inter-generational; destitute young versus capitalist old.”

We can apply Max’s Systems Analysis of the BROKEN/LEVERAGED/OVER-COMPLEX banking/trading system to the BROKEN/LEVERAGED/OVER-COMPLEX covert/intelligence system, no?

Banks In Cyprus Could Be Closed For Another Week, ECB Working On 'Insane' Plan
Matthew Boesler | Mar. 19, 2013, 5:17 PM

Banks in Cyprus have been closed since the country put together a deal with the EU over the weekend to bail out its troubled banking system.

The thing that makes this deal so controversial is that every person with a savings account at a bank in Cyprus will be subjected to an instant, 10 percent expropriation of his or her account balance before banks re-open.

They were originally supposed to re-open their doors today after a bank holiday Monday.

Then, it was reported that they would remain closed until Thursday.

A new report from Dow Jones suggests that Cypriot banks now won't be re-opened until next Tuesday.

*Cyprus Banks Could Stay Closed Until Tuesday March 26 - Source
— DJ FX Trader (@djfxtrader) March 19, 2013

That was followed by reports that the ECB is working on capital control plans for when the banks re-open.

RANsquawk: #Cyprus and ECB officials working on capital control plans for when banks open, include limits on daily transactions
— Open Europe (@OpenEurope) March 19, 2013

Lorcan Roche Kelly, Chief Europe Strategist at Trend Macrolytics, tweeted that capital controls are a bad idea:

I dislike depositor bail-ins, but capital controls are in-f-ing-sane. Let's hope there is nothing more than rumour to this
— Lorcan Roche Kelly (@LorcanRK) March 19, 2013

Meanwhile, depositors trying to access their cash in Cyprus remain in limbo.

Cyprus moves closer to financial collapse, as bailout talks falter
Posted on March 19, 2013 by The Extinction Protocol

March 19, 2013 – CYPRUS - In the early hours of Saturday, Cyprus agreed to a “bailout” with the EU and IMF that is very controversial because it imposes an immediate one-time tax on everyone with money in a Cypriot bank before banks reopen on Tuesday (Monday is a holiday). The deal still needs to be passed by Parliament and that’s not a sure thing. Ekathimerini has this report: The Cypriot government is now sweating over a possible rejection by the island’s parliament of the shocking set of measures imposed on Nicosia for the eurozone to bail its economy out of a likely default, announced in the early hours of Saturday. The Cypriot government is preparing the bill to be tabled in Parliament probably on Sunday in an emergency session, as everything will have to be voted by Monday night for Cypriot banks to open on Tuesday. The stakes are incredibly high. Here’s a statement from Cypriot President Nicos Anastasiades warning of total financial collapse and euro exit if there’s no deal.“It is well known that the deep economic crisis and the state of emergency in which the country has found itself did not come about in the last fortnight since we have undertaken the administration of the country. The state of emergency and critical nature of the times does not allow me, as they do not allow anyone, to embark on a blame game. On Tuesday, March 19 we would either choose the catastrophic scenario of disorderly bankruptcy or the scenario of a painful but controlled management of the crisis, which would put a definitive end to the uncertainty and restart our economy…(without a deal) Such an uncontrolled situation would push the whole banking system into collapse with all the attendant consequences. As a result of the above, the service sector would be led to a complete collapse with a possible exit from the euro. That, in addition to the national weakening of Cyprus, would lead to devaluation of the currency by at least 40%.” –BI

Puerto Rico sliding towards insolvency: Dark clouds are hanging over Puerto Rico. Its projected 2013 deficit follows a likely 2012 deficit and twelve preceding deficits stretching back to 2000. The economy has not been generating sufficient tax revenue to support the services that the government has been providing to citizens. The difference has been made up by borrowing in the bond market and loans from the Puerto Rico Government Development Bank. -Reuters