RE: New Zealand is thinking of going all Cyprus

RE: New Zealand is thinking of going all Cyprus (Full Version)

All Forums >> [Community Discussions] >> Dungeon of Political and Religious Discussion

Message

vincentML -> RE: New Zealand is thinking of going all Cyprus (3/27/2013 4:22:18 AM)
quote: Some of you who suggest Cyprus gets a bailout from the EU, since taxing accounts would be unfair, seem happy to see taxpayers money from other countries used. Polite, isn't that the purpose of a single currency and monetary union? quote: Seems to me both the above groups have their collective heads stuck up their collective arses, and cant see if the banks fail account holders get nothing. What of the deposit insurance system that is in place?

WantsOfTheFlesh -> RE: New Zealand is thinking of going all Cyprus (3/27/2013 5:51:11 AM)
quote: ORIGINAL: vincentML quote: Some of you who suggest Cyprus gets a bailout from the EU, since taxing accounts would be unfair, seem happy to see taxpayers money from other countries used. Polite, isn't that the purpose of a single currency and monetary union? monetary union wasnt to bailout countries but to help trade betwixt tha ewww & tha rest of tha world.

YN -> RE: New Zealand is thinking of going all Cyprus (3/27/2013 7:28:55 AM)
quote: ORIGINAL: Politesub53 You still dont offer an alternative solution do you, just more trolling. Neither do you, your sole purpose in posting appears to be to insult the other posters. But since you asked, I would have dropped the EU membership and the Euro rather then tolerate what the EU had done to my country if I was the Cypriots.

YN -> RE: New Zealand is thinking of going all Cyprus (3/27/2013 7:31:31 AM)
And don't worry, the English will be singing a different tune when the EU "farms" them in a similar manner, Brussels certainly has them on the list of things to do.

Phoenixpower -> RE: New Zealand is thinking of going all Cyprus (3/27/2013 10:24:52 AM)
quote: ORIGINAL: YN quote: ORIGINAL: Politesub53 You still dont offer an alternative solution do you, just more trolling. Neither do you, your sole purpose in posting appears to be to insult the other posters. But since you asked, I would have dropped the EU membership and the Euro rather then tolerate what the EU had done to my country if I was the Cypriots. So it was the EU which did the money laundering in Cyprus??? And of course it should be perfectly ok for poorer parts of the EU which have their finances better under control to just throw the whole bail out fund to Cyprus without them contributing to it, getting it sorted??? Good joke, seriously [:D][:D][:D]

YN -> RE: New Zealand is thinking of going all Cyprus (3/27/2013 10:51:13 AM)
quote: ORIGINAL: Phoenixpower quote: ORIGINAL: YN quote: ORIGINAL: Politesub53 You still dont offer an alternative solution do you, just more trolling. Neither do you, your sole purpose in posting appears to be to insult the other posters. But since you asked, I would have dropped the EU membership and the Euro rather then tolerate what the EU had done to my country if I was the Cypriots. So it was the EU which did the money laundering in Cyprus??? And of course it should be perfectly ok for poorer parts of the EU which have their finances better under control to just throw the whole bail out fund to Cyprus without them contributing to it, getting it sorted??? Good joke, seriously [:D][:D][:D] Since the "downfall" of the two affected banks wads that their Greek Bonds had lost their value, and that EU rules required they be recapitalized to Brussels standards, "money laundering" did not enter into the matter, for as I noted earlier, if the EU was sincere about the money laundering red herring, they would hasve sent the "money laundered back to the Russians. The question as to why the ordinary Cypriot people, and those people with bank accounts in Cypriot banks of Cyprus should pay for a combination of Greek (another EU nation) whose bonds were reduced in value per EU arbitration should foot the bill instead of the generic "EU" taxpayer is a different and more valid question. Their banks were not so much failing, as not capitalized to Brussels standards. EU rules and actions caused the mess, the end result is where one EU nation (Cyprus) is taxed off their savings for the benefit of the next (Greece,) whose economic and social structure is in shambles. Both these nations as a result, will need either a EU bailout or to exit the EU as a consequence in the future.

peope -> RE: New Zealand is thinking of going all Cyprus (3/27/2013 11:13:09 AM)
I know most of you guys understand this. But you do not have money in your banking account. You have an IOU from a big financial institution without any real capital other than IOUs from other people That may. Or may not be paid. The banking system as a whole is also based on interest. Where over 95% of the currency in the world is recycled money. Simply put the banks create money by doubling it. With a little magic trick. They take the money you give them. And double it by pretending that money exist both in your bank-account and in the hands of the one who got a loan on a house or a car. If a bank takes in $100. It puts $100 in the bank account and put it as an asset on the loaners account. $100 is suddenly $200. It is then legally fraudulantly reused and reused and reused. To create even more money. That $100 worth of goods represented by money. Changed by banks, with ractional reserve, to $2000. Prices will be based on the imaginary number $2000. $1900 USD out of $2000 USD is imaginary money. There is only $100 USD worth of goods. Taking into account the interest-rates. 1% of net gain for $100 is $1 1% of net gain for $2000 is $20 Every year. Siphoned from people who actually have created real goods and services. Of coure the banks are also extinguishing money. Buy debts being paid off. That car mortage is paid. House mortage. But if it isn't. And this is what happened. Your IOUs the bank gave you mean crap. And the banks loaning out money didn't even have to use their own money to do it!

YN -> RE: New Zealand is thinking of going all Cyprus (3/27/2013 12:05:21 PM)
We work on somewhat different principles in our area of the world. And it was very wise for Chavez and other Latin American nations to pull their accounts, silver and gold from the European and Anglo-American banks. The "Anglo-Saxon" Banking system is in great disrepair, with tremendous internal and external contradictions; and the Eurocrats haven't any coherent financial or economic plan to curb things like Greece, Cyprus, Spain, Italy, Portugal, let alone their upcoming troubles in France and with the UK. Already as a consequence of Cyrus, bond insurance and interest rates have risen in the EU, the Chinese are buying up property (over 400 pieces trading this week according to the reports) in Cyprus, and I likely spoke too quickly about the value of bank shares in the new "toxic" bank, the Russians apparently value them (and certain Russians are alleged to be making offers to purchase,) and the Russia Federation has been only making the minimal necessary noises, in spite of their supposed interest. Upon thought, having a band of Russian "businessmen" with a controlling interest in a state bank in the EU with branches across Europe would be similar to having a drug cartel or the Italian gangsters owning a similar interest. The laws of unattended consequence. The losers will be the working and middle class people of Cyprus.

Phoenixpower -> RE: New Zealand is thinking of going all Cyprus (3/27/2013 12:34:02 PM)
quote: ORIGINAL: YN quote: ORIGINAL: Phoenixpower quote: ORIGINAL: YN quote: ORIGINAL: Politesub53 You still dont offer an alternative solution do you, just more trolling. Neither do you, your sole purpose in posting appears to be to insult the other posters. But since you asked, I would have dropped the EU membership and the Euro rather then tolerate what the EU had done to my country if I was the Cypriots. So it was the EU which did the money laundering in Cyprus??? And of course it should be perfectly ok for poorer parts of the EU which have their finances better under control to just throw the whole bail out fund to Cyprus without them contributing to it, getting it sorted??? Good joke, seriously [:D][:D][:D] Since the "downfall" of the two affected banks wads that their Greek Bonds had lost their value, and that EU rules required they be recapitalized to Brussels standards, "money laundering" did not enter into the matter, for as I noted earlier, if the EU was sincere about the money laundering red herring, they would hasve sent the "money laundered back to the Russians. The question as to why the ordinary Cypriot people, and those people with bank accounts in Cypriot banks of Cyprus should pay for a combination of Greek (another EU nation) whose bonds were reduced in value per EU arbitration should foot the bill instead of the generic "EU" taxpayer is a different and more valid question. Their banks were not so much failing, as not capitalized to Brussels standards. EU rules and actions caused the mess, the end result is where one EU nation (Cyprus) is taxed off their savings for the benefit of the next (Greece,) whose economic and social structure is in shambles. Both these nations as a result, will need either a EU bailout or to exit the EU as a consequence in the future. Well...as far as I know, nobody forced Cyprus to buy bonds from the Greece....of course, they have a special relationship, but still.... Greece entered the Euro with falsified figures....IMO they should have been shown the door right then, but again....thats a different topic... Anyhow, I do not blame the EU rules for the failings which, as a matter of fact, those countries did (at least Greece did, not sure about Cyprus) with (as the Greece example) continuing to pay pension for people who are dead since 20 years or longer...or paying ridicioulusly high salaries and avoiding a heck of a lot of tax... its quite frankly basic math, that you will go bust one day when you live in such big shoes...would be the same over here if my parents would still continue to get paid the pensions from their parents (as well as all others) ... despite them being dead since 1-25 years...

Phoenixpower -> RE: New Zealand is thinking of going all Cyprus (3/27/2013 12:38:17 PM)
quote: ORIGINAL: YN The losers will be the working and middle class people of Cyprus. That's the sad part of the story in Cyprus as well as in Greece, indeed...

YN -> RE: New Zealand is thinking of going all Cyprus (3/27/2013 12:44:21 PM)
quote: ORIGINAL: Phoenixpower Well...as far as I know, nobody forced Cyprus to buy bonds from the Greece....of course, they have a special relationship, but still.... Greece entered the Euro with falsified figures....IMO they should have been shown the door right then, but again....thats a different topic... Anyhow, I do not blame the EU rules for the failings which, as a matter of fact, those countries did (at least Greece did, not sure about Cyprus) with (as the Greece example) continuing to pay pension for people who are dead since 20 years or longer...or paying ridicioulusly high salaries and avoiding a heck of a lot of tax... its quite frankly basic math, that you will go bust one day when you live in such big shoes...would be the same over here if my parents would still continue to get paid the pensions from their parents (as well as all others) ... despite them being dead since 1-25 years... The City of London makes the Cypriots appear as children, both in terms of money laundering, and in terms of their real bank capitalization, (differing from the case of Cyrus in that instead of foreign governmental bonds, the English have been using those of the UK government) and the UK and the EU have been clashing for years on imposing EU banking rules completely on the UK. Would you like seeing the similar events when the EU "rectifies" the UK to their satisfaction? As I told the Tory intellectual, they will be coming for the English too.

Yachtie -> RE: New Zealand is thinking of going all Cyprus (3/27/2013 4:36:05 PM)
An interesting headline out of Russia - Russia to ban cash transactions over $10,000 The government plans to slash the amount of cash in domestic trade. How governments hate ca$h.

YN -> RE: New Zealand is thinking of going all Cyprus (3/27/2013 4:50:21 PM)
LOL. This will inhibit Russian economic criminals as thoroughly as a ban on their illegally obtaining the cash money in the first place has done. The Russian underground economy was developed and trained in the Soviet Union; and learned it's skills while the Communist Party and the Soviet internal security forces were doing all in their considerable power to inhibit or stop them.

Politesub53 -> RE: New Zealand is thinking of going all Cyprus (3/27/2013 5:33:38 PM)
quote: ORIGINAL: vincentML quote: Some of you who suggest Cyprus gets a bailout from the EU, since taxing accounts would be unfair, seem happy to see taxpayers money from other countries used. Polite, isn't that the purpose of a single currency and monetary union? quote: Seems to me both the above groups have their collective heads stuck up their collective arses, and cant see if the banks fail account holders get nothing. What of the deposit insurance system that is in place? Good question. The single currency was introduced for a stable trading base. This would eliminate differences in monetary value between nations involved. For example, the Franc would not fluctuate against the Mark, or the Pound Etc. Great in principle if inflation, growth exports and everything else stayed stable across the region. That obviously wouldnt work which is why many were against the idea. Certain criteria were to be met for a Country to join the monetary union. These criteria were either ignored or relaxed, as shown in a link I have put up in a previous thread. (I`ll try and find it again) So what we have is one nation, ie the weakest, dragging down the rest. That was never the intention and lets not forget the original name and purpose of the EU was the Common Market. Idealogues have interefered and the rush to bring in new members has got us to the point we are in today. It was nevr intended that any taxpayer would have to bail out those from elsewhere, there have been several votes toallow citizens of member states a say, none were told they would ever be expected to bail out the misdeeds of others. Cyprus is where it is today to uncontrolled rapid growth due to Russian Money flooding in due to a low tax regime.

Politesub53 -> RE: New Zealand is thinking of going all Cyprus (3/27/2013 5:39:32 PM)
quote: ORIGINAL: YN We work on somewhat different principles in our area of the world. And it was very wise for Chavez and other Latin American nations to pull their accounts, silver and gold from the European and Anglo-American banks. The "Anglo-Saxon" Banking system is in great disrepair, with tremendous internal and external contradictions; and the Eurocrats haven't any coherent financial or economic plan to curb things like Greece, Cyprus, Spain, Italy, Portugal, let alone their upcoming troubles in France and with the UK. Already as a consequence of Cyrus, bond insurance and interest rates have risen in the EU, the Chinese are buying up property (over 400 pieces trading this week according to the reports) in Cyprus, and I likely spoke too quickly about the value of bank shares in the new "toxic" bank, the Russians apparently value them (and certain Russians are alleged to be making offers to purchase,) and the Russia Federation has been only making the minimal necessary noises, in spite of their supposed interest. Upon thought, having a band of Russian "businessmen" with a controlling interest in a state bank in the EU with branches across Europe would be similar to having a drug cartel or the Italian gangsters owning a similar interest. The laws of unattended consequence. The losers will be the working and middle class people of Cyprus. Good post. Just about everybody in the Greek part of Cyprus will pay, except possibly those he have got very rich from the banking system and squirelled money elsewhere

Politesub53 -> RE: New Zealand is thinking of going all Cyprus (3/27/2013 5:41:38 PM)
quote: ORIGINAL: YN And don't worry, the English will be singing a different tune when the EU "farms" them in a similar manner, Brussels certainly has them on the list of things to do. Not a good post. You are deluded if you think this will ever happen.

Politesub53 -> RE: New Zealand is thinking of going all Cyprus (3/27/2013 5:44:33 PM)
quote: ORIGINAL: Phoenixpower quote: ORIGINAL: Politesub53 Some of you who suggest Cyprus gets a bailout from the EU, since taxing accounts would be unfair, seem happy to see taxpayers money from other countries used. Very well said...[:)] Thank you.....Some here dont understand the concept.

Politesub53 -> RE: New Zealand is thinking of going all Cyprus (3/27/2013 6:09:17 PM)
For Vincent. http://www.bbc.co.uk/news/business-16290598

Phoenixpower -> RE: New Zealand is thinking of going all Cyprus (3/27/2013 6:21:22 PM)
quote: ORIGINAL: YN Would you like seeing the similar events when the EU "rectifies" the UK to their satisfaction? Believe me....I am the wrong one to ask that specific question [:D] Cause I don't mind [sm=wall.gif] When I was living in the UK for 7 years I got to know a heck of a lot of differences between the UK and Germany and also had some heated debates about some of those differences (online, in real life with friends as well as during university lectures)... I do remember when there was some outcry about it that Brussel demands for prisoners in the UK to be allowed to vote (if I remember it correctly that was one of the outcry situations in recent years)...I totally agree with Brussel...though many of the folks in the UK see that somewhat differently... In regards to the Banking problem...well...currently there are changes going on in Germany, in Switzerland now Cyprus so quite frankly, I can't see the point why not in the UK... I mean hey....the charges from the bank in the UK are ridicioulusly high....which is again, many of the little things I do appreciate now being back home... So I think the UK is lucky that I am not working in that particular office in Brussels as I might want to change a heck of a lot and would regularly turn up in DC's worst nightmares [:D]

FullCircle -> RE: New Zealand is thinking of going all Cyprus (3/27/2013 6:26:58 PM)
The UK has more to lose regarding those despotic banking rules imposed by the EU. The EU is practically unelected due to its diluted level of voter representation. I think we should put a levy on car manufacturing because those cars kill people and the planet. How about for every car made we charge the manufacturers? Also how is it fair that responsible savers are paying for idiots that spend their money on shit they don't need? For those Scottish people that want independence for more influence in Europe, take note.

Page: << < prev 8 9 10 11 [12]

Collarchat.com © 2025

Terms of Service

0.046875