Cyprus news, articles and information:

Cyprus bank bailout agreement is pure theft: 40% of private deposits to be looted from selected accounts

3/25/2013 - A brand new looting arrangement has been reached concerning Cypriot banks. It involves seizing the funds of all accounts over 100,000 euros, then stealing up to 40% of those funds sometime over the next few weeks, or whenever EU bureaucrats get around to deciding exactly how much to steal. So instead...

Cyprus bank insolvency crisis quickly escalating; may set off EU bankageddon

3/22/2013 - As you may have suspected, there's far more to the Cyprus bank crisis story than meets the eye. It turns out the shutdown of Cypriot banks has caused a large-scale financial shutdown of the Russian government which uses Cyprus banks for most transactions. On top of that, the EU central bank (ECB)...

Cyprus government's rejected seizure of private bank accounts may still set off 'systemic consequences' across Europe

3/21/2013 - If you still believe European-style socialism is the correct course for America, as President Obama and progressive Democrats seem to, what is currently happening in Cyprus - and what could soon take place across the Eurozone - ought to finally convince you of the fallacy of this failed economic model. As...

Cyprus MPs vote down government raid on private bank accounts in defiance against IMF and EU central bank

3/19/2013 - Following the uproar over the Cyprus government's plan to raid private bank accounts and literally steal up to 10% of account balances from private citizens, Cypriot MPs have just voted down the measure in the face of extreme anger on the part of the public. The vote was 36 against the measure, with...

Cyprus government's 'great bank robbery' of private accounts may set off bank runs across Europe

3/18/2013 - There's only one reason people leave money in a bank: because they think it's safe there. They think they can get their money back out when they ask for it. This trust is what makes bank accounts possible, and without this trust, there is no longer any reason to put money in any bank. The government...

Cyprus government raids private checking and savings accounts as citizens panic

3/17/2013 - The day is coming when the U.S. government will claim it "owns" a portion of all our bank accounts, and it will electronically drain our accounts of money in a grand theft scheme designed to pay off the banksters while decimating private savings. Don't believe it? That day has already arrived in...

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