Tag Archive: Cyprus


Fifth RAF Iraq Mission Ends With ‘No Reports’ Of Bombing

 

 

An RAF Tornado jet landing in Cyprus

 

 

 

” British Tornado jets have returned to RAF Akrotiri in Cyprus after carrying out a fifth combat sortie over Iraq.

  The pair returned to RAF Akrotiri in Cyprus, and BBC defence correspondent Jonathan Beale said there were “no reports of any weapons dropped“.

  The first jets to take part in a mission against Islamic State (IS) militants had carried out armed reconnaissance missions at the weekend.

  Parliament voted by 524 votes to 43 to take action against IS in Iraq.

  IS – also known as Isis or Isil – controls large swathes of Syria and Iraq after rapid advances through the region in the summer. It has been using the Syrian city of Raqqa as the capital of its self-declared caliphate.”

 

 

BBC

 

 

 

 

 

 

 

 

 

 

Gold Investors Exit Amid Price Collapse

 

 

Gold_Plummets

 

 

 

” The biggest story on global financial markets today is the collapse of gold and silver prices. Gold is down more than $90 an ounce since Friday – a fall of about 7 percent. The price drop comes on top of last week’s 4.7 percent  tumble. Silver prices tumbled 8 percent, or $24 an ounce. Copper is also falling. The reasons for the plunge are linked to the recent rise in the stock market, the slow, steady improvement of the US economy and the recent strength of the dollar. Crude oil futures have tumbled on global markets, down to less than $89 for West Texas crude, the lowest price since December, 2012. For years gold bugs have predicted economic apocalypse with hyper-inflation and a collapse of stock prices. That simply hasn’t happened, and many investors have given up on gold, shifting funds out of precious metals. Last week Goldman Sachs issued a report, predicting gold prices would tumble. More volatility is expected in the days to come.”

 

 

 

 

 

 

 

 

 

Bitcoin vs. Big Government

 

 

 

File:Bitcoin exchange.png

 

 

 

” Interest in Bitcoin has surged along with its valuation. Last week saw its exchange rate soar past $100 for the first time ever, landing the virtual currency on the front pages of The Washington Post and the Financial Times. Yet the media frenzy, which has focused on the rapidly rising valuation and its possible causes stemming from the bank crisis in Cyprus, is overlooking Bitcoin’s true radical significance—that it can’t be controlled by government.

Until Bitcoin, virtual currencies have in one way or another relied on a third party intermediary, such as a bank or a credit card company, to prevent “double spending.” In the physical world, if I give you a $20 bill, I will no longer have it. You can’t be as sure of that, however, when the cash is a digital file that can be easily copied. The solution has been to have a trusted intermediary keep a ledger of balances and deduct a transaction’s amount from the payer’s account, and add it to the payee’s.”

 

Get started on your Bitcoin wallet here : 

 

Bitcoin

A little Bitcoin history from Wikipedia

 

 

 

Background Information 

The Race to Unmask Bitcoin‘s Inventor(s)

FAQ – Bitcoin

Who Created Bitcoin?

 

 

 

 

 

 

 

 

Spanish Company Offers Ultimate In Mattress Money Storage (video)

 

 

 

 

Madrid – While some people joke that it is safer to keep your money under your mattress, one Spanish company has taken the issue more seriously and is producing mattresses, complete with built-in safe.

As the economic crisis continues in Spain and more people distrust the banks, this Spanish company came up with the perfect solution.

Paco Santos, the creator of this new mattress told NPR, “You see, we’ve got big economic problems in Spain, and people have really lost confidence in the banks.”

The company, Descanso Santos Suenos, promotes its product “Caja de Ahorros Mi Colchón” or “My Mattress Safe” with the slogan “Your money is close to you.” “

 

 

 

 

Cyprus: Can It Happen Here?

 

 

 

 

” After going back and forth, the government of Cyprus ultimately decided, under international pressure, to go ahead with its plan to raid people’s bank accounts. But could similar policies be imposed in other countries, including the United States?

One of the big differences between the United States and Cyprus is that the U.S. government can simply print more money to get out of a financial crisis. But Cyprus cannot print more euros, which are controlled by international institutions.

Does that mean that Americans’ money is safe in banks? Yes and no. The U.S. government is very unlikely to just seize money wholesale from people’s bank accounts, as is being done in Cyprus. But does that mean that your life savings are safe? No. There are more sophisticated ways for governments to take what you have put aside for yourself and use it for whatever politicians feel like using it for. If they do it slowly but steadily, they can take a big chunk of what you have sacrificed for years to save before you are even aware, much less alarmed.”

 

 

 

Bitcoin Bonanza: Cyprus Crisis Boosts Digital Dollars

 

 

 

” The online alternative currency, previously little more than a curiosity in financial markets since its 2009 inception, has zoomed in trading value since the Cyprus banking crisis erupted two weeks ago.

With fears spreading that even insured deposits might not be safe in similar nations hit by banking crises, those looking for a haven to store their wealth have fled to the complicated world of digital cash.

Bitcoincharts.com lists the value of bitcoins compared to other currencies, including U.S. and Canadian dollars, euros and pounds.

On one of the U.S. currency exchanges, labeled “Mt. Gox,” the bitcoin value has zoomed to more than $87 in Wednesday trade. That represents close to a 20 percent gain over just the past week, a one-month gain of 41 percent and nearly a quintupling of value in the past year.”

 

 

 

 

Cyprus Bail-Out: Savers Will Be Raided To Save Euro In Future Crises, Says Eurozone Chief

 

 

 

” Savings accounts in Spain, Italy and other European countries will be raided if needed to preserve Europe’s single currency by propping up failing banks, a senior eurozone official has announced.

The new policy will alarm hundreds of thousands of British expatriates who live and have transferred their savings, proceeds from house sales and other assets to eurozone bank accounts in countries such as France, Spain and Italy.

The euro fell on global markets after Jeroen Dijsselbloem, the Dutch chairman of the eurozone, announced that the heavy losses inflicted on depositors in Cyprus would be the template for future banking crises across Europe.”

 

 

 

Seizures at Cyprus Already Being Repeated, in Principle, in American Levies

” The prospect of a tax on deposits in the banks of Cyprus has even left-leaning economic commentators in a tizzy.“A tactical blunder,” declared Lawrence Summers, who was President Clinton’s Treasury Secretary and chairman of the National Economic Council for President Obama. A proposed tax of 6.75% on deposits up to about $130,000 and of 9.9% on deposits of more than $130,000 “would unfairly punish savers and could do lasting damage to confidence in banks in other euro-zone countries in financial crisis,” the New York Times wrote in an editorial denouncing the idea

  Is it the taking? Bloomberg View columnist Caroline Baum, a sage, criticized the Cyprus proposal on the grounds that it is a confiscation that “amounts to a seizure of private property.” For those of us Americans who will see the IRS or state governments withdraw funds from our own bank accounts next month for tax owed, or who are seeing payroll withdrawals and estimated tax payments this year that are higher than they have been in a decade, the distinction between “seizure of private property” in Cyprus and here at home will be, alas, an awfully fine one.”

Kremlin: EU and US Are Preparing For The Largest Theft Of Private Wealth In Modern History

 

 

 

 

” Embassies around the world received an “urgent bulletin” today from Russia’s Ministry of Foreign Affairs. The MFA is strongly urging Russian citizens and businesses to pull their money from Western financial institutions immediately, at the request of  Russian  Prime MinisterDmitry Medvedev.

The EU Times also reports that some recent suspicious actions by President Barack Obama could be indicative of plans falling into place.

 

Interesting to note is that the Obama regime’s “master plan” to steal their citizen’s wealth that is no longer protected was detailed by the global management consulting giant, and the world’s leading advisor on business strategy, The Boston Consulting Group (BCG) who in their 2011 September report titled Collateral Damage: Back to Mesopotamia? The Threat of Debt Restructuring warned of the US governments plan confiscate up to 30% of not just the Americans people bank accounts, but also of their other wealth.”

If you’re wondering why the news in America doesn’t mention the possibility that  20-30% of your savings could be confiscated, keep in mind that the mainstream media will not be benefitted by providing this information. The MSM is a tool of the government, the wealthy, and the special interest groups – all of whom will be exempt from these outright thefts of funds.”

 

 

 

Cypriot President ‘Warned His Friends  To Move Money Abroad’ Before Financial Crisis Hit

 

 

 

” Cypriot president Nikos Anastasiades ‘warned’ close friends of the financial crisis about to engulf his country so they could move their money abroad, it was claimed on Friday.

The respected Cypriot newspaper Filelftheros made the allegation which was picked up eagerly by German media.

Germans are angry at the way their country has been linked to the Nazis and Hitler by Cypriots angry at the defunct rescue deal which called for a levy on all savings.

The Cyprus newspaper did not say how much money was moved abroad but quoted sources saying the president ‘knew about the possible closure of the banks’ and tipped off close friends who were able to move vast sums abroad.

Italian media said the 4.5 billion euros left the island in the week before the crisis.”

 

 

 

 

 

Cyprus Depositor Haircut: 25% Off the Top for the Rich

 

 

” Cyprus said on Saturday it was looking at seizing a quarter of the value of big deposits at its largest bank as it races to raise the funds for a bailout from the European Union and avert financial collapse.

Finance Minister Michael Sarris said “significant progress” had been made in talks in Nicosia with officials from the European Union, European Central Bank and International Monetary Fund.

He confirmed discussions were centered on a possible levy of around 25 percent on holdings of over 100,000 euros at Bank of Cyprus, and expressed hope that a package could be ready by the end of the day for approval by parliament.”

 

 

 

EUROZONE COUNTRY: SURPRISE! WE’RE PUTTING AT LEAST A 6.75% TAX ON YOUR BANK DEPOSITS

” People with bank accounts in Cyprus were shocked Saturday to learn that as part of an agreement reached with international creditors, the government has imposed a tax on all deposits to help bail out the nation and its banks.

While the island nation may be small, it’s an international favorite for offshore banking– particularly for wealthy Russians.  The tax will range from 6.75% to 9.9%, depending on how much is in the account.

“This is a clear-cut robbery,” Andreas Moyseos, a former electrician who is now a pensioner in Nicosia, told the New York Times. Iliana Andreadakis, a book critic, further added: “This issue doesn’t only affect the people’s deposits, but also the prospect of the Cyprus economy. The E.U. has diminished its credibility.” “