How to cause a run on the banks

[suityou01]

I'm not playing the blame game - if it makes you feel better, and it obviously would, substitute whatever you like for Germany, it's not important. You are using semantics to escape the point of the post.

Ha, antisemantic!!

[Doggy Styles]

Ha, antisemantic!!

No I'm not. I went to a Spurs game last season!

[darmstadt]

There are seperate powers to deal with tax avoidance. the EU and IMF (or you for that matter) have no business making up rules to suit them. What happens for instance to the legitimate funds that sit in Cypriot banks? to UK pensioners who have retired there? are they collateral damage?

Let the markets do their work:

http://www.nytimes.com/2013/03/20/bu...anted=all&_r=0

Quite interesting reading the article in that link as it all seems to be heresay:

Meanwhile Gazprom, the giant Russian energy company, quietly acted by offering a private bailout plan. Rather than tax deposits, Cyprus could raise money to right its economy by selling Gazprom exploration rights to offshore gas deposits in the Mediterranean Sea.

The fate of this proposal is uncertain. Gazprom refused to confirm it even made an offer.

On Sunday evening, a day after the European Union announced its plan, the banking subsidiary of Gazprom, called Gazprombank, owned by the employee pension fund, had, according to a Russian news agency, delivered its proposal to the office of the president of Cyprus.

Dimitry Afanasiev, the chairman of Egorov Puginsky Afanasiev & Partners, a law firm that advises Russian companies on Cypriot investments, said in an interview, “My understanding is that Gazprom has suggested a private bailout” of Cyprus’s banking system.

A Cypriot television station, Sigma TV, reported that after Gazprom delivered its offer to the office of President Nicos Anastasiades of Cyprus on Sunday evening, Mr. Anastasiades did not hold talks on the offer.

Gazprom’s spokesman, Sergey Kupriyanov, denied the gas company made the offer. Separately, however, an unidentified company spokesman clarified to the Itar-Tass news agency that a banking subsidiary, Gazprombank, was indeed in talks with the Cypriot government.

The fate of the proposal is as murky as the proposal itself. The Cyprus government wanted American energy companies to develop its offshore assets as a hedge against possible Turkish meddling, said Mr. Afanasiev, who has been a vocal advocate for a Russian alternative to the European proposal.

Lets get some facts on the table, all this conjecture only causes worry and concern. Now here's another hard fact...

Russia doesn't just want the right to Cyprus offshore gas reserves; it also wants a military naval base there in exchange for a bailout - Nouriel Roubini

[DodgyAgent]

Quite interesting reading the article in that link as it all seems to be heresay:












Lets get some facts on the table, all this conjecture only causes worry and concern. Now here's another hard fact...

It was not meant to be anything other than what could happen. As for Russians in the med it may be good to counter the expansionist policies of the Germans

[suityou01]

It was not meant to be anything other than what could happen. As for Russians in the med it may be good to counter the expansionist policies of the Germans

I rather think pushing these economies to the brink is all part of the expansionist policies of the Germans.

[darmstadt]

It was not meant to be anything other than what could happen. As for Russians in the med it may be good to counter the expansionist policies of the Germans

With a comment like that I can only conclude that you are like your avatar, sad, bitter and disillusioned

Cheer up:

[DodgyAgent]

And what exactly am I disillusioned about? I am a great believer in looking at outcomes and right now it seems to me that Germany has managed to render most of Europe as helpless. They are stuck with debt they cannot invest in infrastructure they cannot build new schools and upgrade Universities and they cannot use their poor economy to produce goods and services to compete with those of Germany. They are forced to stay with the Euro which happens to keep the Euro down in value leaving Germany holding all the cards.

Maybe a few Russian bailouts in the med may break the iron grip of German influence within the EU.

[suityou01]

Keiser report

8 mins 12 secs

Financial markets rely on trust. They rely on capital. They rely on people participating and trusting each other not to rip each other off. So personally when I walk past Times Square and I see guys with there little setup, with 3 card monte I know I'm not going to win so I keep on walking

The shocking truth about Cyprus, and what they tried to do has hoovered any remaining trust out of the markets. Sadly it seems this is the next Lehmens. I'm certain there's more to it than meets the eye. One thing is for sure, it's 2008 all over again.

I wonder how our UK banks will fair this time.

[aussielong]

Keiser report

8 mins 12 secs


The shocking truth about Cyprus, and what they tried to do has hoovered any remaining trust out of the markets. Sadly it seems this is the next Lehmens. I'm certain there's more to it than meets the eye. One thing is for sure, it's 2008 all over again.

I wonder how our UK banks will fair this time.

Nothing will happen. Even if all the physical cash was taken out- that's nothing compared to the loans the bank has. They might have a short term funding issue due to lack of new deposits, that will be quickly covered by the ECB for such small banks. In reality if you are a regular Cypriot worker how can you really avoid using the bank- to get paid, etc.

The markets are telling you what's going to happen. The EUR is not tanking.

Therefore the only money to be made here is by buying these bank stocks before Friday.

[DodgyAgent]

Nothing will happen. Even if all the physical cash was taken out- that's nothing compared to the loans the bank has. They might have a short term funding issue due to lack of new deposits, that will be quickly covered by the ECB for such small banks. In reality if you are a regular Cypriot worker how can you really avoid using the bank- to get paid, etc.

The markets are telling you what's going to happen. The EUR is not tanking.

Therefore the only money to be made here is by buying these bank stocks before Friday.

How's your cricket team doing?