Posted on 03/21/2013 6:56:41 PM PDT by Kartographer
The euro currency union, a centerpiece of Europe’s efforts to knit its far-flung nations into a coherent whole, edged toward a rupture Thursday when the region’s central bank said it was ready to pull the plug on Cyprus.
The stark ultimatum came in a terse statement Thursday from the European Central Bank’s governing board, which said that on Monday it would cut off the flow of euros to Cyprus’s struggling banks unless the country’s leaders reach agreement with the International Monetary Fund and other European nations on the terms of a $20.5 billion bailout to save their country from financial disaster.
(Excerpt) Read more at washingtonpost.com ...
there is somethin’ going on.
fixing Cyprus would cost chump-change to the EU..
why risk the panic of bank runs?
Can you say “Domino?”
Christine Lagarde would rather have this than a run in her panty-hose, especially with the French Police Nationale going through her drawers.
Christine Lagarde is evil.
The following was posted by Ann Barnhardt - March 17, AD 2013 2:06 PM MST
Yes, MF Global was the Direct Antecedent to Cyprus
Cyprus is MF Global on a national, retail banking scale. Corzine absolutely blazed this trail. The particulars are almost exactly the same. Both MF Global/Corzine and Cyprus were failing entities, both took massive, uber-leveraged risks on European sovereign debt, both swept sacrosanct customer money when the house of cards finally collapsed under the weight of its own math.
The indefensible zeroes and ones were instantly swept from the computer servers and customers were locked-out of their accounts.
Interestingly, both were goaded on and enabled by the same people. Corzine was a crony of the Obama regime, which is operationally a Chicago-based phenomenon, as are the regulators of the futures industry, along with the CME group itself.
Cyprus was goaded, overseen, and then “harvested” by the International Monetary Fund, which is chaired by Christine Legarde, who is a Chicago player, and who actually was a partner at Baker & McKenzie before being placed at the IMF by the Obama regime and bankster oligarchy. Cyprus was Christine Legarde’s play, and Legarde is in the Chicago oligarch circle.
This will happen here. It already has with MF Global, Cyprus is testing the national, retail banking level, and then it will happen here. They might go straight to bank holidays here, as Warren Pollock has been talking about for over 18 months now, or they may do a levy confiscation like this on retirement accounts.
If you have any money exposed to the financial system, you’re just stupid. That’s it. Bottom line.
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If people cannot see what is obvious, that our own government doesn’t believe in rule of law, then they deserve what is shortly to happen.
The Rooskies own the banks in Cyprus.
I think they might be nervous about now...
And if the Rooskies are nervous....look out.
I bet they’re all nervous.
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