Friday, March 22, 2013

Weekend Chillout - Leaving No Doubt

In a week that left no doubt about the unwillingness of Cypriot politicians to speak up against the might of the Russian mafia and FSB and in similar vein no one daring take on the Labor left this week either. What else could this week's chillout be......

Cyprus Banking Crisis, Obama's Middle East Trip & the Fed Keeps Printing Money

From Greg Hunter

The Cyprus Effect

From smorris123

The Grandmother that knew about the Cyprus Haircut

An elderly resident of Pathos in Cyprus has been doing something odd for the past few weeks. Every Friday she goes to the bank and withdraws all of her money, then returns it on Monday. When asked why she gave the following statement to bank employees:

“My grandson is an economist in Russia and he has been telling me, if something happens with the Cypriot banks, it will happened on the weekend. He told me to withdraw the money every Friday.”

She was laughed at by the bank employees, but now unlike most of the country she has access to her money while the banks in Cyprus stay closed until at least Tuesday of next week. While the Cypriot legislature did not pass a bill that would have taken between 6.75% and 10% of bank deposits, who knows what desperate politicians will do now to get their fix of financial aid from the IMF. At least one person won’t be affected, thanks to a caring grandson.


Mood Darkens in Cyprus as Deadline Is Set for Bailout


Original source

NICOSIA, Cyprus — As the European Central Bank threatened to shut off crucial financing for banks in Cyprus without a rapid accord, members of Parliament put off a vote Thursday on yet another revamped formula for securing an international bailout. The vote was rescheduled for Friday.

In Cypriot streets, meanwhile, the mood turned increasingly dark. Police officers clashed with some protesters in front of Parliament as about 200 demonstrators gathered outside.

The police also scuffled there with employees of Cyprus Popular Bank, second largest in the country. They had turned out amid rumors that the bank could be shut down within hours. The central bank issued a denial, but warned that Cyprus Popular Bank risked an immediate default if the bailout measure was not passed by Parliament.

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Dr. Marc Faber on the Looming Bond-Market Crash

One of the best ever interviews of Dr. Marc Faber. Marc discusses the bond bubble, equities, the Cyprus banking crisis and a topic close to my heart - Asian nightlife, in particular Thailand.

Marc is interviewed from the 00:45.50 - 1:09 points.

From StansberryMedia

Cyprus eyes gas reserves as bailout guaranty

Vaporizing bank accounts, now inspecting for gas - the Cypriots really are being taken Greek style.

From AlJazeeraEnglish

Keiser Report: Financial Fascism

From RussiaToday

In this episode of the Keiser Report, Max Keiser and Stacy Herbert discuss the big picture of bank holidays and wealth confiscation in order to pay off the $100 trillion error account banksters basically admitted to having at Davos in 2011.

In the second half of the show, Max Keiser talks to Reggie Middleton of about Cyprus, the rules that have been revealed and his upcoming special investigation on certain European banks he's discovered have been committing fraud.