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NEWS AND VIEWS THAT IMPACT LIMITED CONSTITUTIONAL GOVERNMENT

"There is danger from all men. The only maxim of a free government ought to be to trust no man living with
power to endanger the public liberty." - - - - John Adams

Friday, March 29, 2013

SOCIALISM - "They Have Stolen Our Money"


Cypriot: "They Have Stolen Our Money"


Russia: Cyprus deal is theft
  • Kremlin may freeze German assets
  • European Socialists steal up to 40% of private property bank accounts and re-distribute the wealth to bankers with the "need" to cover the bad loans they made.
 
 
Russian Prime Minister Dmitry Medvedev has reacted to the Cypriot bailout deal by labelling it as theft. The Kremlin is considering freezing German assets in Russia in retaliation for Russian losses in Cyprus banks.
"The stealing of what has already been stolen continues," is how Medvedev described the Cyprus bailout deal which imposes a sweeping haircut of around 30 percent on bank deposits in excess of €100,000 in two major banks. Nevertheless Russian President Vladimir Putin is willing to support efforts aimed at overcoming the Cypriot crisis.
Russian Prime Minister Dmitry Medvedev
According to the Telegraph the Kremlin is considering freezing German assets in Russia as payback for the bailout deal.
Germany has put pressure on Nicosia throughout the last week, insisting on terms which will effectively end the importance of the Cyprus banking sector.
Open Europe provided this analysis of the Cyprus deal: "This is a bad deal for Cyprus and the Cypriot population. Cypriot GDP is likely to collapse in the wake of the deal with the possible capital controls hampering the functioning of the economy. The large loan from the eurozone will push debt up to unsustainable levels while the austerity accompanying it (along with the bank restructuring plan) will increase unemployment and cause social tension. There is a strong chance Cyprus could become a zombie economy – reliant on eurozone and central bank funding, with little hope of economic growth."
Cyprus President Nicos Anastasiades fought against the terms insisted upon by the EU, ECB and IMF, according to the Guardian's Ian Traynor who tweeted: "EU sources say Anastasiades fought tooth and nail on bank closure, restructuring, downsizing. #Barroso says Ana fully supported it." Angela Merkel is pleased with the outcome, as is Wolfgang Schäuble. The deal could benefit German banks as deposits are likely to leave Cyprus as soon as capital controls are eased.


Read more: Digital Journal.
 

Cypriot: They Have Stolen Our Money




Cyprus Looting is Only The Beginning for Global Elite
Sinclair: "Well, it should have frightened many of the players involved, and served as a wake-up call. There was a great miscalculation made with regards to Cyprus, and the situation has quickly turned into a catastrophe. There was no real understanding of the entities that were behind the Russian corporations which have money in Cyprus, and the effect of what is in reality the confiscation of Russian ex-KGB money. 

The people at the IMF, which have spearheaded this disaster, never expected the 'Cyprus Solution' to blow up in their face the way it has....




Judge Napolitano: Government Can Steal Your Money
Judge Napolitano says yes. "The people who have more than $100,000 in the bank are targets for any government that's looking for money to shore up its own inability to manage its finances."




Nigel Farage:  EU wants to steal money from Cypriots bank accounts
UKIP leader Farage on the insanity of Socialist Europe.









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