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Thread: The First Bite: Cyprus

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    Re: The First Bite: Cyprus

    My points are clear. I'm in favor of the "sequestation" in the other thread I point out the stupidity of this regime in America that thinks they can bully the public into giving them the money back by cutting services. Why does a service get cut when the budget is reduced 2% - that is politics - that is my point. The kid who was on Foxy News was making the same point but idiots from the left want to make it about Foxy News because idiots on the left don't like to address real issues like their failed leadership. We need more taxes and LESS spending to prevent us from ending up like these people in Cyprus.


    Quote Originally Posted by rocket88 View Post
    Lemme get this straight. In another thread, you're all upset about this letter your wife got about Social Security and the sequester. But Cyprus should stop spending.

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    Re: The First Bite: Cyprus

    Quote Originally Posted by CalGun View Post
    My points are clear. I'm in favor of the "sequestation" in the other thread I point out the stupidity of this regime in America that thinks they can bully the public into giving them the money back by cutting services. Why does a service get cut when the budget is reduced 2% - that is politics - that is my point. The kid who was on Foxy News was making the same point but idiots from the left want to make it about Foxy News because idiots on the left don't like to address real issues like their failed leadership. We need more taxes and LESS spending to prevent us from ending up like these people in Cyprus.
    The other thread is in the media bias forum, so I put to you that talking about the media there is 100% appropriate.

    I agree with you about needing more taxes and less spending.


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    This issue has been plowed more times than Paris Hilton.
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    Re: The First Bite: Cyprus

    Quote Originally Posted by CalGun View Post
    Cyprus: panic as savings levy is imposed | World news | guardian.co.uk

    Cyprus like many europeans just spends willy nilly almost as bad as America.
    So the people wake up to find their savings accounts garnished. Yeah - they can do
    that.

    Wake up people. Keep over spending, keep taxing too little and you end up with
    panic.
    And if you even remotely read up on the subject then you would know that what you wrote about Cyprus is utter bull****. Cyprus is in trouble because the private banks who lent money to Greece. Yet again the private banking system is the cause not "overspending".
    PeteEU

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    Re: The First Bite: Cyprus

    Quote Originally Posted by gunner View Post
    It actually amounts to theft, as some are suggesting. Some UK service personnel have also been targeted.

    Paul
    It is theft and pisses me off royally. Another right wing banking bailout and the common man has to suffer for the follies of the private banking sector.. pathetic.
    PeteEU

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    Re: The First Bite: Cyprus

    Quote Originally Posted by Harry Guerrilla View Post
    The story seems to indicate that atms have stopped giving out money and there will be a bank holiday.
    It's not a tax on the poor, it's taking money from everyone, even foreign nationals.
    The ATMs have run out of money, hence they stopped giving out money.. And it is a national holiday tomorrow Monday, a holiday that happens every year.
    PeteEU

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    Re: The First Bite: Cyprus

    Quote Originally Posted by PeteEU View Post
    The ATMs have run out of money, hence they stopped giving out money.. And it is a national holiday tomorrow Monday, a holiday that happens every year.
    The story seems to indicate they they've stopped all these transactions from happening, even electronic transfers and that the tax will be applied to account values at the time the legislation was passed.

    Cyprus savings levy: questions and answers | World news | guardian.co.uk

    What else is super ****ing lame is that the UK is having to make up the "theft" to British personal in Cyprus.
    Basically, the UK is sorta helping bailout Cyprus.
    I was discovering that life just simply isn't fair and bask in the unsung glory of knowing that each obstacle overcome along the way only adds to the satisfaction in the end. Nothing great, after all, was ever accomplished by anyone sulking in his or her misery.
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    Re: The First Bite: Cyprus

    Quote Originally Posted by Harry Guerrilla View Post
    The story seems to indicate they they've stopped all these transactions from happening, even electronic transfers and that the tax will be applied to account values at the time the legislation was passed.

    Cyprus savings levy: questions and answers | World news | guardian.co.uk
    The legislation is not passed.. yet. Will happen tomorrow most likely... and I feel sorry for the people of Cyprus because they have a choice... either go with this robbery or loose all their money... not an easy thing to deal with. One thing for sure..., in the next elections the right wing will be wiped out in Cyprus.

    What else is super ****ing lame is that the UK is having to make up the "theft" to British personal in Cyprus.
    Basically, the UK is sorta helping bailout Cyprus.
    They are setting a dangerous precedent..... now every time a Brit gets in trouble because of a failed bank overseas, then the UK government is expected bail them out..

    Fact is, this tax, like it or not, is being applied evenly across the board regardless of nationality and no one is forcing British personal to put money in Cyprus banks. They did it out of greed, pure and simple, because Banks in Cyprus had higher interest than UK banks (UK banks near 0, Cyprus banks around 2-4%),.. and now that is coming back to byte them in the ass... tough ****. Cameron is playing popular politics for the mistakes of individuals.
    PeteEU

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    Re: The First Bite: Cyprus

    Oh wow there is novel idiocy. Let the bank just fail and close yeah that is the ticket, and why....because they are bailing out people who spend more then they tax...DUH....wacky leftists just will never learn modern reality.


    Quote Originally Posted by PeteEU View Post
    And if you even remotely read up on the subject then you would know that what you wrote about Cyprus is utter bull****. Cyprus is in trouble because the private banks who lent money to Greece. Yet again the private banking system is the cause not "overspending".

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    Re: The First Bite: Cyprus

    Quote Originally Posted by CalGun View Post
    Oh wow there is novel idiocy. Let the bank just fail and close yeah that is the ticket, and why....because they are bailing out people who spend more then they tax...DUH....wacky leftists just will never learn modern reality.
    And if you knew anything about Cyprus, you would know that the deficit is mostly due to the state having to bail out the banks... And you would know that before the crisis Cyprus had a surplus but that went south when banks had to be bailed out..

    So yet again, the US right has no clue on reality and blame the "left" and overspending when in fact the reason for the problems is.... the private sector and in this case the banking sector..... /clap!
    PeteEU

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    Re: The First Bite: Cyprus

    Quote Originally Posted by Harry Guerrilla View Post
    I agree.
    The story seems to indicate that it targets non Eurozone foreign nationals (Russians in this case).
    Kinda reminds me of Argentina doing their currency manipulation.

    To me, it certainly bolsters the idea of putting some money in Bitcoins or other forms of currency not controlled by states.
    This really is a step to far. I'm rarely convinced (on numerous topics) that we (citizens) need protecting from an overreaching state when we are discussing a civilized democratic government. How wrong was I....

    Paul
    RIP THE EUROPEAN FORUM 2016

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