howard mcsweeney1- Location: Dover
- Registered: 12 Mar 2008
- Posts: 62,352
Guest 710- Registered: 28 Feb 2011
- Posts: 6,950
Though I don't have the time at the moment to wait for the Independent to load, I did read a letter in today's Telegraph musing about how much better this situation would be if the target for the grab were deposits held by non-residents.
Still, at the bottom of all this, the cash usurped is to be replaced with some sort of Equity, this is something the UK population did not get from our Bank bail-out, not to mention 'our' Utility companies' insistence on an extra percentage added to all bills for the purpose of much needed investment, we don't receive the slightest equity in these deal either.
Ignorance is bliss, bliss is happiness, I am happy...to draw your attention to the possible connectivity in the foregoing.
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
It would be wise for people to remove their cash from vulnerable Eurozone countries in anticipation of this confiscation spreading.
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
Tom - in other words forcing people to part with their cash invested in what are supposed to be low risk accounts in exchange for risky shares in technically bankrupt banks is something you approve of. It is outrageous.
The bank bail-out in the UK was a totally different issue as is the utilities and cannot be compared. Your desperate relativism is very strange.
Brian Dixon
- Location: Dover
- Registered: 23 Sep 2008
- Posts: 23,940
barryw,are you scare mongering again.there are some sound investments in the eurozone.cypres is a one of as i under stand it,they [goverment] are looking at differants options to reduce any pain,and it looks likely that some money from russia might be forth coming to help out.and yes they have an invested intrest in cypres,the millionares and billionars have any way.
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
no Brian - a simple and necessary precaution.
Guest 696- Registered: 31 Mar 2010
- Posts: 8,115
The Cypriot government has rejected the bailout deal. There will be no confiscation of savings.
The finance minister of Cyprus is negotiating with Russia for a loan.
Guest 725- Registered: 7 Oct 2011
- Posts: 1,418
One aspect of all this is that the three stooges have spent most of the last few months drawing up press and internet regulation and subjects such as gay marriage rather than concentrate on the most important issues that affect us all and our futures, namely, energy and the economy.
This is why there really is no point in voting anymore. Why put a cross against a candidate whose party is merely a self serving agitprop group for the left or the right or for the useless when they really should be doing everything to push our economy forward and not backwards which is exactly what is happening right now?
Even when they try to sort something out in their spare time they get it wrong, wrong and wrong again.
Guest 698- Registered: 28 May 2010
- Posts: 8,664
Cyprus will now either become Russia's offshore tax haven (if it isn't already) or it will be the first of many to leave the euro. Why the meeja keep saying that an exit from the euro would be so painful is a mystery to me and I fail to grasp why exit should be more traumatic than entry. I would have thought it would be a blessed relief. Cyprus is a resilient nation: they recovered from the shock of the Turkish invasion in 1974 and they can recover from this, whichever way it pans out. At least they grow all they eat and drink (and more).
A little cameo: in 1998 I worked for Barclays, based in Dubai, and was responsible (with others) for money laundering issues throughout the Near and Middle East (branches in Egypt, Cyprus and UAE, and clients in all the Arab states). One day I had to hop on a plane to Cyprus to meet a Russian 'VIP' customer who had pitched up at our Nicosia branch with $20 million in cash ($100 bills) with which he wanted to open an account.
He got very upset when I told him that I didn't care how important he was (he was a board member of Gazprom), and even though he had proved his identity beyond any doubt I would not accept an initial deposit except via a SWIFT money transfer from a bank in his home country. I got huge flak for turning down such a big deposit but it proved to be a sound decision as he later ended up in jail in Moscow for embezzlement. I had several experiences with dodgy Russians in the Middle East but it's interesting that in almost all cases they were accompanied by Libyan minders.
I'm an optimist. But I'm an optimist who takes my raincoat - Harold Wilson
Guest 725- Registered: 7 Oct 2011
- Posts: 1,418
Russia will bail Cyprus out with a deal signing off offshore gas reserves for a huge bailout settlement. The EU will go on and on no matter how mad or bad the whole thing is - and it is bad, evil in fact.
There is a much bigger game being played here dreamed up behind closed doors and most commentators in the meeja have not a clue what is really going on.
Guest 698- Registered: 28 May 2010
- Posts: 8,664
Agreed, Philip, Cyprus is merely a pawn in that game controlled by the Illuminati.
I'm an optimist. But I'm an optimist who takes my raincoat - Harold Wilson
Guest 725- Registered: 7 Oct 2011
- Posts: 1,418
Hmmmn, lizard people. Don't quite go with all that but there is a bigger game being played out. Power politics and big money and positioning for power - the same old game humans have played since they started walking. It's one big game of risk, that's all.
This will all blow over, as these euro crises have for years now. A deal will be reached and the march towards deeper political union will reach a stage where finally everything is in place for a single European state. Everyone is concentrating on this Cyprus deal which, apparently, is going all wrong. It's not going wrong but the media is playing catch up as usual.
Guest 698- Registered: 28 May 2010
- Posts: 8,664
Cyprus represents 0.2 % of the EU's combined GDP. It's a fart in a thunderstorm but the media are treating it as a proxy for everything else. It's the downgrading of Greece that's screwed Cyprus because that's where the Cypriot banks traditionally stashed their liquid assets. A special case that will have to be treated as such and it needn't upset the big applecart. If it does, then the tail really is in control of the dog.
I'm an optimist. But I'm an optimist who takes my raincoat - Harold Wilson
Guest 696- Registered: 31 Mar 2010
- Posts: 8,115
Cyprus' off-shore gas field, Aphroditi I think it's called, won't start production before 2019, so perhaps the country will ask for a long-term loan till drilling starts.
Israel's neighbouring gas field is already up and running.
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
Nice to see the Cypriot parliament has stood up to Brussels. Now they must take the next logical steps, to decouple, devalue and get some self-determination back. I have no doubt some arrangement will be reached with the Russians that will bail them out and that is concerning for the West and it makes the UK bases there all the more important.
Brian Dixon- Location: Dover
- Registered: 23 Sep 2008
- Posts: 23,940
barry,its only a training ground.what use would they be if they only had blanks to fire at the russians or any one else.
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
Brian - it is a lot more than a training ground, the bases are intelligence bases with listening posts keeping an eye on the Middle East. They are also RAF staging posts as well. If you think they only have blank ammo then you are seriously mistaken. There is no reason their purpose cannot be developed further as well..
howard mcsweeney1- Location: Dover
- Registered: 12 Mar 2008
- Posts: 62,352
russia must be loving all this, they are always on the look out for warm water ports.
Guest 725- Registered: 7 Oct 2011
- Posts: 1,418
This will all play out very badly for those of us who see the EU as a dangerous superstate and Russian State muscle being used to manipulate their position to their advantage and the West's disadvantage.
However it plays out We lose.
If Russia does indeed bail out Cyprus then the EU train will carry on steaming down the tracks and Russia will have gained a foothold militarily and economically. Who are the winners and who are the losers? I think the answer is obvious.
Here in the parish of Britain We carry on regardless with our economy crumbling, debt rising exponentially, future blackouts a definite, growth restricted to more wind farms and nothing else and the supposed victory with the state stifling of free speech.
Cyprus will enter into a Faustian pact with the Russians and the eurozone will stagger from crisis to crisis.
Same old same old.
Keith Sansum1
- Location: london
- Registered: 25 Aug 2010
- Posts: 23,942
Not to much wrong with what you say philip
ALL POSTS ARE MY OWN PERSONAL VIEWS