Wednesday, March 20, 2013

Cyprus Banks To Remain Closed All Week Amid Crisis

Gazprom, the Russian-owned national oil company could easily bail out Cyprus in exchange for exclusive rights to the newly discovered undersea gas/oilfield. But those gas deposits are currently embroiled in conflicts between Turkey (Nicosia the northern Turkish/Ottoman part of Cyprus maintaining an uneasy peace after a longstanding war between them and Greek “Cypriots”), Lebanon, Syria, Gaza and Israel.“This situation presents a fantastic opportunity for Russia and even President Putin to take moral high ground and to extend another loan to Cyprus and to become a savior of Europe,”At the end of the day we’re only talking about an additional seven to eight billion dollars of additional money that is needed to have a complete package for Cyprus, this is small change for Russia.”

Banks in Cyprus will remain closed on Thursday and Friday while the country scrambles to find a way to secure bailout funds after rejecting a levy on all savings. With Monday a public holiday, the move effectively closes lenders until Tuesday, March 26. The finance ministry said the decision had been taken "on grounds of public interest in order to ensure financial stability". Banks have already been closed since last Saturday as Cyprus seeks to prevent the uncertainty prompting a run on them. While money is still available from cash machines, the lack of liquidity in the market has seen petrol stations close their credit card facilities and many stores refuse to accept cheques. Cyprus' cabinet went into emergency session on Wednesday after voting against the tax on all savings, which was originally agreed with international lenders to secure a 10bn euro (£8.6bn) bailout package. The acting leader of the ruling Disy party, Averof Neophytou, said ministers planned to meet late into the night. "We will not sleep tonight until we find a solution ... I am confident we will find a solution so we do not go bankrupt," he said. State radio said legislation had been drafted to restrict the outflow of cash from the island once the banks reopen. These would need to be passed by the cabinet and by parliament. The troika of the European Union, European Central Bank and International Monetary Fund said it would only provide Cyprus with the bailout if it raised 5.8bn euros through the levy. Local media reported the government was considering raising money from domestic sources including provident funds, and restructuring the teetering banking sector in order to meet the shortfall. However, Cypriot officials were unable to agree a deal to secure funding from one alternative source after talks in Moscow failed to secure any assistance. Finance minister Michael Sarris went to Russia asking for a five-year extension on a 2.5bn euro loan granted in December 2011 that is due to mature in 2016 and lend an additional 5bn euro. Russian Prime Minister Dmitry Medvedev has called the bailout bungled, but said a solution should not damage Russia's relations with the EU. "It seems to me that every mistake possible in this situation has been made," he was quoted as saying by the Interfax news agency. Russians reportedly hold up to half of all Cypriot deposits.

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“Control oil and you control nations; control food and you control the people.” Henry Kissinger


once a standing army is established, in any country, the people lose their liberty.”
George Mason

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Henry Kissinger

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Henry Kissinger

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Joseph Stalin

Governments keep a lot of secrets from their people . . .
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PHILIP ZIMMERMAN, DER SPIEGEL

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Rabbi Stephen Weiss

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Jewish Voice, July - August 1941

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The Tax you pay is The Bill for Staying Stupid

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The few who understand the system will either be so interested in its profits or so dependent on its favours that there will be no opposition from that class, while on the other hand, the great body of the people mentally incapable of comprehending the tremendous advantage that capital derives from the system will bear its burdens without complaint and perhaps without even suspecting that the system is inimical to their interests.
The Rothschild Bros

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This truth is well known among our principal men now engaged in forming an imperialism of Capital to govern the world.

By dividing the voters through the political party system, we can get them to expend their energies in fighting over questions of no importance. Thus by discreet action we can secure for ourselves what has been so well planned and so successfully accomplished."

USA Banker's Magazine, August 25 1924


Cutting Tax Rates stimulates Economic Growth creates more Profit , more Jobs and therefore The Treasury ends up with more Tax Money
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Taxation is legalized Theft
UNKNOWN

"The Objective of the Bank is not the control of a conflict , it's the control of the debt that a conflict produces . The real value of a conflict , the true value is in the debt that it creates . You control the debt , you control everything . this is THE VERY ESSENCE OF THE BANKING INDUSTRY , to make us all , whether we be nations or individuals , SLAVES TO DEBT " An UNKNOWN Banker

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Bob Dylan


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There is NO political answer to a spiritual problem!
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litical Correctness is a Political Stand Point that does not allow Political Opposition , This is actually The Definition of Dictatorship
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GERALD CELENTE

Your Greatest Teacher is Your Last Mistake
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The one who Controls the Education System , Controls Perception
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Albert Einstein

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Don't Steal The Government Hates The Competition

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Alex Jones

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Ronald Reagan


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Serial Killer Richard Ramirez

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Albert Einstein

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Robert Kiyosaki


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UNKNOWN

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"First they came for the Socialists, and I did not speak out--
Because I was not a Socialist.

Then they came for the Trade Unionists, and I did not speak out--
Because I was not a Trade Unionist.
Then they came for the Jews, and I did not speak out--
Because I was not a Jew.
Then they came for me--and there was no one left to speak for me." UNKNOWN