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ORIGINAL: TricklessMagic

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ORIGINAL: JeffBC

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ORIGINAL: tazzygirl
lol.. gotta love the patriots who wait for the demise of their country with glee.

Actually, what I love is the tough guys who think that when it goes all Mad Max they're going to be the hero in the movie. Such people, apparently, haven't given much thought to what the collapse of society actually means. Sure, I agree that a prepper has a better chance than most (obviously since they prepped). But that's a lot like saying "I have a bomb shelter in my backyard so I'm prepared for a nuclear war".

Me a hero? Fuck no. I'm not the hero type. I'm the me and mine type. In reality a collapse would mean about eight to ten years of hell on earth I would say. A great die off followed by a restructuring. The knowledge of technology and infrastructure wouldn't disappear completely. Cities would be decimated population wise and some would probably burn up for the most part (oh well and good riddance to Chicago, D.C., NYC, Los Angeles, New Orleans [Lafayette is better anyways], Orlando, Miami, Kansas City etc. etc. etc.). What it would do is separate the wheat from the chaff. Get folks refocused on the priorities of life such as cooperation, infrastructure, tradeable goods and solid currency, food supply, and so on. The corporate stranglehold would falter if not downright collapse. Hard workers, artisans, craftsman, doctors, and farmers would move to the top of the food chain ahead of politicians and corporate types.

It'd be bloody and horrible but not Mad Max unless you are talking about the first movie where it was fairly sane but for a few miscreants who needed killing that nobody seemed to have the balls to kill till Max got his kill on. And folks would learn to appreciate that 2nd Amendment especially as cops and members of the armed forces either; were unable to protect them, abandoned their post to protect theirs, or became corrupt and tyrannical.

Military bases, NORAD, Oil Fields, Nuclear reactors, farm fields, and other necessities to existence would keep going in a collapse but the rest, the useless rest would have to sort itself out. And more beautiful than that would be the fact that food and resource exports (i.e. coal and metal) would virtually cease cause a ripple effect in the rest of the world. There's already a threat of a world wide food shortage and America exports a lot of food staples so certain nations would suffer immeasurably as well. Probably only China and Russia would stay at the top of the heap as their citizens have a history of being good little slaves to the state and that would give the U.S. a renewed common threat to stand united against. Mexico would fall into chaos and would be ripe to take over once accounts were settled in the U.S.. Millions of hardworking folks wanting jobs who have never become dependent on a welfare safety net would become U.S. citizens with all the protections of the Constitution, Bill of Rights, and so on.

Laws and regulations regarding banks would be redrafted to keep them from becoming "Too Big To Fail". Corporations would not enjoy the same protections they have now. Wouldn't it be grand.

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ORIGINAL: WantsOfTheFlesh

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ORIGINAL: Politesub53

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ORIGINAL: WantsOfTheFlesh
yup also read they were voted in to fix tha crisis but tha voters didnt expect punative actions like that. same wit the politicians according to the media. probably trigger a big recession in cyprus so another bailout needed. [8|]

Do you figure bankruptcy wont trigger a bailout then ?

All I see from many on here is criticism with no viable answers.

there should be easier terms over a longer period. tha germans should be more generous coz a weak cyprus damages tha eu.

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ORIGINAL: Politesub53

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ORIGINAL: WantsOfTheFlesh

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ORIGINAL: Politesub53

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ORIGINAL: WantsOfTheFlesh
yup also read they were voted in to fix tha crisis but tha voters didnt expect punative actions like that. same wit the politicians according to the media. probably trigger a big recession in cyprus so another bailout needed. [8|]

Do you figure bankruptcy wont trigger a bailout then ?

All I see from many on here is criticism with no viable answers.

there should be easier terms over a longer period. tha germans should be more generous coz a weak cyprus damages tha eu.

A weak cyprus damages nothing except prestige. Thats the problem with the last push to include as many countries into the EU as possible. The standars were lowered and success was never an option. Which is why we still spend in pounds shillings and pence here.

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ORIGINAL: Politesub53

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ORIGINAL: WantsOfTheFlesh

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ORIGINAL: Politesub53

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ORIGINAL: WantsOfTheFlesh
yup also read they were voted in to fix tha crisis but tha voters didnt expect punative actions like that. same wit the politicians according to the media. probably trigger a big recession in cyprus so another bailout needed. [8|]

Do you figure bankruptcy wont trigger a bailout then ?

All I see from many on here is criticism with no viable answers.

there should be easier terms over a longer period. tha germans should be more generous coz a weak cyprus damages tha eu.

A weak cyprus damages nothing except prestige. Thats the problem with the last push to include as many countries into the EU as possible. The standars were lowered and success was never an option. Which is why we still spend in pounds shillings and pence here.

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I blame global banking with unrestricted practices.

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ORIGINAL: Yachtie

Jim Sinclair has something to say.

The government leaders in Cyprus are trying to back-pedal right now in order to save their lives. Let me say it again, they are trying to save their own lives. Remember, ‘revenge is best served cold.’ This means the revenge never comes at the moment of the miscreant act. But it will come in time.

To take money from the leading economic entities in Russia, is to take money from the former KGB officers, and taking money from them is extremely dangerous. I think the reality has quickly set in for the leaders of Cyprus that they have aided in the confiscation of the most serious and dangerous money you could possibly touch. It has these leaders more afraid for their lives than their bank accounts.

I would also add that this was the biggest mistake made by the IMF and the ECB in their history. Every time you do business with a Russian company, you do business with a bank in Cyprus. Money goes in, it goes out, but it all funnels through Cyprus.

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ORIGINAL: ElChupa

Wait just one minute...! Dear Leader says we have no crisis! Nothing to see here. Move along. Even the clueless Boehner agrees! And McCain just can't wait to say something stupid.

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Please take a breath here, Vince. Those 1% types really want you to go with the yawn.

Do you consider your life savings to be your own? The money you earned, payed taxes on, and could have squandered doing fun stuff, but tucked away instead? Is it yours, or is it the government's piggy bank too? Pension? Think it would be a yawner if the government was to add a special 5-10% tax onto whatever you'll already pay?

Now the word of the Word has spread, and it's just a "haircut." Perfectly reasonable, given those unique circumstances... It isn't what may happen in Cyprus that is worth noticing. It's that we're being told it's really no big deal.

Just a "haircut."

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Of course, when the private sector makes mistakes, they demand that the taxpayers (through the State) rescue them and foot the bill for shielding the private sector from the consequences of it's own extravagance and disastrous decision making. If this sounds familiar to UK and US readers, it is because it replays the financial crises in the US and UK where taxpayers were forced to foot the bill for the private sector's extravagance and disastrous decision making. Another failure of the 'free market' to do what free market economists promise us it will do.

The people taking the hit for the mistakes of the private sector should be the investors and banks who were quite happy to take profits while the bubble lasted and are now screaming blue murder when faced with potential losses that are a direct consequence of their own greed and appalling judgements. The bond holders, the banks and the private investors should be footing the bill for the Cyrus bail out, not ordinary Mums and Dads and other savings account holders. Yet the funds advanced by the EU and others to bail out Cyprus will be used to ensure that these same bond holders and banks will be repaid in full.

The name of the game is 'Privatise the profits and socialise the losses'.

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ORIGINAL: tweakabelle
Banks, flush with funds they were laundering on behalf of nameless Russians, lent irresponsibly to the private sector which then invested the funds in speculative property ventures. When the property bubble burst, the whole house of cards came tumbling down ........ all of it enabled by lax regulation and the inability of the private sector to invest in solid job- and wealth-producing businesses that make products that people actually want or need. (This is almost an exact re-run of the Irish situation.)

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Of course, when the private sector makes mistakes, they demand that the taxpayers (through the State) rescue them and foot the bill for shielding the private sector from the consequences of it's own extravagance and disastrous decision making. If this sounds familiar to UK and US readers, it is because it replays the financial crises in the US and UK where taxpayers were forced to foot the bill for the private sector's extravagance and disastrous decision making. Another failure of the 'free market' to do what free market economists promise us it will do.

The people taking the hit for the mistakes of the private sector should be the investors and banks who were quite happy to take profits while the bubble lasted and are now screaming blue murder when faced with potential losses that are a direct consequence of their own greed and appalling judgements. The bond holders, the banks and the private investors should be footing the bill for the Cyrus bail out, not ordinary Mums and Dads and other savings account holders. Yet the funds advanced by the EU and others to bail out Cyprus will be used to ensure that these same bond holders and banks will be repaid in full.

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ORIGINAL: JeffBC
that's another way to say why I didn't really understand why this was news. In short this is happening all across the world. I didn't understand that it was news. Anywhere the IMF and private banking has taken root this is the result. To the best of my knowledge only Iceland was smart enough to see the truth and deal with it.

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ORIGINAL: Politesub53

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ORIGINAL: Yachtie

In short, given that the threat has been made and it appears nothing is sacred in EU banking

You think there is anything sacred in US banking after the 2008 collapse ?