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Thread: The First Bite: Cyprus

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    The First Bite: Cyprus

    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.

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    Re: The First Bite: Cyprus

    She said a lot of elderly Britons had transferred savings to the island when they had decided to retire there. "Nobody can understand how they can do this – isn't it illegal? How can they just dock money from your account?" she asked.
    "They call Sicily the island of the mafia. It's not Sicily, it's Cyprus. This is theft, pure and simple," said a pensioner.
    Silly subjects. You traded what was "yours" for the safety and security of a munificent state who would care for all your needs and now you have the gall to think that it was "your" money?

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    Re: The First Bite: Cyprus

    I thought this was just.....wonderful. *sarcasm included*

    Another brilliant idea our government didn't need.
    Building block or stumbling block.... choose.

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    Re: The First Bite: Cyprus

    You don't own your money.
    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.
    —Adam Shepard

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    Re: The First Bite: Cyprus

    It's been suggested here too, but on retirement accounts. I think that is why the fed has been artificially inflating the stock market. Make it look like it's takeover ng off and get more people in to it before he "one time" hit.

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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.
    It actually amounts to theft, as some are suggesting. Some UK service personnel have also been targeted.

    Paul
    RIP THE EUROPEAN FORUM 2016

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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
    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.
    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.
    —Adam Shepard

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    Re: The First Bite: Cyprus

    1. austerity is failing all over the place. all aboard the failboat.

    2. they weren't even intelligent enough to enact the tax on whatever amount was in the account at the time of the passing of the bill? i mean, ****, if you're going to do something as dog**** dumb as a ten percent tax on the savings of the poor, can't you at least predict a run on the banks? ****.

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    Re: The First Bite: Cyprus

    Quote Originally Posted by Helix View Post
    1. austerity is failing all over the place. all aboard the failboat.

    2. they weren't even intelligent enough to enact the tax on whatever amount was in the account at the time of the passing of the bill? i mean, ****, if you're going to do something as dog**** dumb as a ten percent tax on the savings of the poor, can't you at least predict a run on the banks? ****.
    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.
    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.
    —Adam Shepard

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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.

    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.


    Quote Originally Posted by Jetboogieman View Post
    This issue has been plowed more times than Paris Hilton.
    Quote Originally Posted by Oborosen View Post
    Too bad we have to observe human rights.

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