[Menace]

Could you have a global reset? Like every major player decides everything is fucked, so lets just agree that all debts are paid and start from zero.

[BIGINJAPAN]

That's the end game. Fuck everything up so bad that everyone begs for a one world government with a world currency.

Count me out. My tinfoil hat and I will be living in the hills with my gold and guns.

[tenderman100]

(03-19-2013 01:14 PM)BIGINJAPAN Wrote:  

Tenderman you forgot to take into consideration that Euro as a whole has the most gold out of anybody on the planet. Unlike the US which we all know has none, same with Canada and Japan, these countries could conceivably collapse first and there by increase the value of the Euro.

Now the Eurozone did NOT recapitalize their banks like the US did during the last crisis, so their banks are in a lot of trouble. But the governments do not have a 100 trillion in liabilities like the US has. Those liabilities are rapidly becoming due as we speak. I believe this is the first year that SSC pays out more than it takes in.

Either way all countries are fucked royally. I guess we will see who survives the longest.

As for Gold reserves, the US still has the most.

See:

http://www.cnbc.com/id/33242464/page/16

However, as you flip through this slideshow, you will see that the gold reserves of most nations are a pittance relative to their GDPs and their unfunded obligations.

[NYJ]

Cyprus Parliament officially rejects bank deposit tax

http://finance.yahoo.com/news/cyprus-par...16773.html

[Tex Pro]

(03-19-2013 01:42 PM)NYJ Wrote:  

Cyprus Parliament officially rejects bank deposit tax

http://finance.yahoo.com/news/cyprus-par...16773.html

Good. Those ECB fools needed a fucking wake up call. My guess the ECB will cave in and give Cyprus a bail out with no strings attached. The EU technocrats don't want to set a precedent of having a Euro member leave the EMU.

[Veloce]

Here's an interesting stat from the NY Times:

Quote:

By the way, if you’re wondering why investors left so much money in troubled Cypriot banks, here’s a trivia question: Would you have been better off leaving your money in a bank in the United States or in Cyprus over the last five years?

The answer: You would have been better off in Cyprus, even after the bailout, when your money was “confiscated.” If you had 100,000 euros in a Cypriot bank account over the last five years, where the interest rate has averaged about 5 percent, you would have about 127,600 euros today. Even after the bailout, which would require you to give up 10 percent of your deposit — 12,760 euros — you would be left with 114,840 euros. The American bank? The $100,000 you deposited at Bank of America five years ago is about $105,100, at the going rate of about 1 percent interest a year.

[BIGINJAPAN]

(03-19-2013 01:38 PM)tenderman100 Wrote:  

(03-19-2013 01:14 PM)BIGINJAPAN Wrote:  

Tenderman you forgot to take into consideration that Euro as a whole has the most gold out of anybody on the planet. Unlike the US which we all know has none, same with Canada and Japan, these countries could conceivably collapse first and there by increase the value of the Euro.

Now the Eurozone did NOT recapitalize their banks like the US did during the last crisis, so their banks are in a lot of trouble. But the governments do not have a 100 trillion in liabilities like the US has. Those liabilities are rapidly becoming due as we speak. I believe this is the first year that SSC pays out more than it takes in.

Either way all countries are fucked royally. I guess we will see who survives the longest.

As for Gold reserves, the US still has the most.

See:

http://www.cnbc.com/id/33242464/page/16

However, as you flip through this slideshow, you will see that the gold reserves of most nations are a pittance relative to their GDPs and their unfunded obligations.

Come on man. You really think the US has any gold left ? How long has it been since they audited the gold in fort knox ? 60 years now ?

Nixon closed the gold window because you guys went from 20,000 tonnes to 8000 tonnes. That was in 1971 before you went 16 trillion in debt. That gold is long gone.

The US has probably sold off Germany's gold as well. If they didn't then why is it taking them 7 years to send it back to them ?

[Greek kamaki]

Germans play masterclass game in Cyprus but now mafia is involved and the guns will talk.In case of Schäuble I would ask for antidote against polonium.Just kidding.
Anyway the Russians are the only ones crazy enough to stand against the Germans but this time the Germans will win because the Anglosaxon axis is toothless.

[saturn]

USA, UK, Japan already do this via QE (printing money),

They dilute the value of your money through inflation. It feels better but it is essentially a tax on your wealth and amounts to the same thing as the tax.

We have already experienced this levy in the UK and US but through a much more palpable method.

[Volk]

Cyprus : " "We have 3 days to find €5.8Bn or we will have to start printing the Cyprus Pound. If we do not have any other solution we cannot leave people without money. We have to pay them their deposits"

This just got interesting.

[T and A Man]

(03-19-2013 05:50 PM)Greek kamaki Wrote:  

this time the Germans will win because the Anglosaxon axis is toothless.

Probably the last gambit you want to play.

Whilst currently soft and decadent, they are still capable of whipping everyones ass.

Marginalising them, making them angry, and then offering a method of defaulting on their debt by exercising it over a peace deal probaly isn't the best way to go about things.

[Deepdiver]

Why Cyprus is a bigger deal than you may think:

http://finance.yahoo.com/blogs/daily-tic...44378.html

[Greek kamaki]

The Cypriots should learn to lick German dick instead of Russian.German dick is preferable because it has the taste of Wurst.
Germans have found a chance to punish everyone who made money out of thin air by non productive activities. They regard these activities as the base of the current instabilities and want all mix of suspicious with needed transactions to stop so that the money in circulation represents the real production and the good German can sleep well having his pension, benefits etc guaranteed.
They do not like casino like practices money made on mafia laundry etc and promote clean practices.

[Deepdiver]

The difference between Monetarily Sovereign currencies and the the Euro currency system is it is based upon Debt and Bonds issued to each Euro country with each country having a debt rating based upon ability to pay and paying accordingly to the ECB for new cash euros infusions- sort of like if the Fed was charging US States for new cash in the regional Fed Reserve banks and for various infrastructure projects without the 90%+ Treasury contribution to build rails, highways, tunnels, bridges etc - the states would all go bankrupt because they are not monetarily sovereign and can not print their own money therefore the various Federal earmarks the states all need to stay in business.

http://neweconomicperspectives.org/2013/...msnbc.html

http://neweconomicperspectives.org/p/mod...rimer.html

Germany is the exception to the Euro fiasco as Germany exports a massive output of high quality manufactured goods to the rest of Europe and the EMEA as well as Russia so finds that its massive trade surpluses are being continually tapped for other Euro using countries who must then go into deeper and deeper debt to buy German and Japan and Korea and China exports. A vicious cycle of austerity ensues and austerity only shrinks economies and never grows them.

Bottom line is the USA is monetarily sovereign along with Canada, the BRICS, UK on the GBP, Norway, Mexico, Chile, Japan etc etc and can electronically create what ever sums are necessary at any time to pay off any and all "debts" of the USA. With the USA's status as the world's reserve currency the USA is in fact the world's most powerful economic country...

http://mythfighter.com/2013/03/19/wed-be...ke-greece/

Brilliant posts by Roger Malcolm Mitchell equally harsh towards the GOP and DEMs as tools of the top 0.001% (Basically the Forbes 400) and the major Wall Street money center banks the F400 control that treat the US Treasury like a gigantic piggy bank they can tap whenever the Fed creates a financial bubble on F400's behalf that eventually bursts so that they can keep going back to the "well" - being the Treasury and Fed at your expense.

The Europeans in their infinite wisdom have given the Kremlin and Chairman Putin of Russia Inc., the ability to shut off their Natural Gas supplies at will via the North and South Stream Pipelines - so likely to see Cyprus become even more of a defacto colony of Moscow with a major Moscow bailout sans EU with UK bases on Cyprus to eventually be "reallocated" imho. Remember BRICS are all Monetarily Sovereign with Russia is awash in about $500+ Billion in energy and natural resources trading surpluses and Putin pissed at Gazprom for not even having started any major fracking programs which is why Rozneft is the new Kremlin darling - out with the old Soviet behemoth and in with the new nimble Ruligarchs - now that USA signed PNTR with Moscow expect the Russians to become major USA fracking technology buyers over the next few years. Fracking will make Russian natgaz and oil even cheaper to produce and give Putin even that much more competitive control over all of Europe addicted like heroin addicts to cheap plentiful Russian NatGaz for the next 200 years of so.

US Dollar likely to rise compared to the Euro and Grivna and give players that much more financial leverage in game in the EU and EE with Russia to be status quo and therefore RU ladies more interested in LTR potential versus maximum economic exploitation bang potential.

[Greek kamaki]

The Cypriots simply use the Russians to press Germans for a better deal.Russians participate in the bluff.The problem is that Germans do not "chew" as we say here and will continue to propose the same or worse deal till Cypriots accept.

[Deepdiver]

Dangerous game of Chicken the Cypriots are playing with Germany - the Russians are stubborn when they want to be an can say NYET and cut off Europes Oil and NatGaz supplies - or not supply in abundance as they have been - and if all the folks in the PIIGS and even France decide to take their money out of the EU banking system - a good old fashioned Run on the Banks that depositors insurance was designed to solve. Will be an interesting summer in the EU to say the least.

[w00t]

(03-20-2013 01:48 AM)Greek kamaki Wrote:  

The Cypriots should learn to lick German dick instead of Russian.German dick is preferable because it has the taste of Wurst.
Germans have found a chance to punish everyone who made money out of thin air by non productive activities. They regard these activities as the base of the current instabilities and want all mix of suspicious with needed transactions to stop so that the money in circulation represents the real production and the good German can sleep well having his pension, benefits etc guaranteed.
They do not like casino like practices money made on mafia laundry etc and promote clean practices.

And rightly so. We still remember the Weimarer Republik and the hyperinflation just too well.

[michelin]

worst of all, it's ironic to see this happen if you know that savers in Cyprus supposedly are protected by a "Deposit protection scheme", a which guarantees a refund if a bank fails.

Quote:

The maximum level of compensation, per depositor, per bank, is €100.000. This limit applies to the aggregate deposits held with a particular bank. When calculating the amount of compensation payable to a depositor, any loans or other credit facilities granted by the depositor’s bank are set-off against the deposits. Any counterclaims that the bank concerned may have against the depositor in respect of which a right of set-off exists, can also be set-off.

http://www.centralbank.gov.cy/nqcontent....58&lang=en

EU rules mean savers in EU banks are generally covered for up to 100,000 euros if a bank goes bust.

[Greek kamaki]

Only if the Russians send the Black Sea fleet to Cyprus their threats maybe will be taken into account.
After my visit to Germany it became obvious to me that we have to work for a Germanic Europe.A lot of shit in the South has to be cleaned otherwise we are lost.Easy money out of nothing means you are lost in the long term you become a parasitic,disgusting kind of beggar which is humiliating to say the least.

[Tex Pro]

Cyprus seeks Russian bailout aid, EU threatens cutoff:

http://www.reuters.com/article/2013/03/2...3I20130320

^Cyprus is looking to become a Russian satellite nation and leave the Eurozone. This will be very interesting if Russia gives them a bail out because they will then probably get mineral rights to the newly found oil/gas off the shore of Cyprus.

[Greek kamaki]

The Cypriots are not that brave.They simply try to use Russians for ''denailing'' as we say here to achieve better terms for the deal from eurogroup.However Schauble is El Diablo a Teuton knight who will never step back in order not to set a bad predecessant.Cypriots have to do with the German machine now and they do not have the balls to cope up with it.Russians also will be humiliated after that and will take long to recover.This will be defeat for Putin.
Of crucial significance is Athens behaviour who give oratory support to Cyprus but do not proceed to any actions.Their mouth is stuffed with German penis to raise any objections.Germanics will come out of this triumphant once again and speculators will become ready for the new pants down.

[Greek kamaki]

It is quite obvious what has happened in the South.All the positions are occupied by incompetent offsprings who cannot comprehend the situation.Moreover they get no feedback.Germans punish and fuck them again and again because they have found the chance.They have smelled the weakness.The representatives sent to them gave to them a very good impression about the internal situation and the Germans posess analytical tools.It is a destruction force which has caused a clusterfuck situation for the middle class and the incompetent offsprings.

There is absolutely no will to help them.They will be left to collapse and will be replaced violently.Germanics make a party now on the corpse of Greece,Cyprus etc.The problem they have is how to use the money flow to extinct the elites instead of strenthening their position relatively.Unfortunately the elites and the incompetent offsprings have managed to bind their situation and privileges to that of all the people.In order to penetrate them for good the Germans need a know how which comes from the interior.They have spies and informers in every position and everyone will be sold to Germanics sooner or later.
It is the rise of German power which we have to greet.

In one way the elites are now in the position of facing their double standards applied to them.It is like a Tarantino film where you think that you have seen the worse but the even worse is coming.A hell is created for the elites.They are constantly in front of double choices where the one is worse than the other.They do not know what to choose:In euro or out of euro.Accept the bail out or not accept the bail out.The same shit that they displayed to others with false choices is now displayed to them.This time however the ones who want their overthrowal are more competent than them and the guys are totally trapped.Germans act as a long hand of punishment they treat the elites whole lot of penis in one way the Germans are manipulated to do so by the information they receive.

[Tex Pro]

I wish Cyprus would just say "fuck it, we are defaulting on our debts and printing Cyprus Pounds."

Won't happen, but it would be great since it would give Greece, Spain, Italy, etc. and something think about.

[Greek kamaki]

They will never default they are trapped.They have to choose between fast death and slow death.

[Deepdiver]

The plot thickens - did someone mention One World Government and United States of Amero?

http://www.reuters.com/article/2013/03/2...7V20130320

Rumors abound the US and EU Power Elite (Rockefeller/Rotchschilds Trusts and Foundations et. al.) want an AM-EU currency the "Amero" for North Central South America and Europe combined to replace the Dollars Pesos and Euros - very likely to be Monetarily Sovereign and the new world reserve currency unlike the Euro to Offset and counter balance Emerging AsiaPac Rim economic dominance. Sort of G8+ versus the BRICS.

Could it be the non monetarily sovereign Euro was engineered all along to fail as a pretext for expanded one world Government domination and expanded reserve currency control? Looks like Obama and the Turks in no big rush to hand over strategic Cyprus to Russia.