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Cyprus to close banks again, Begging Russia for help

Discussion in 'Preparedness & Survival' started by erudne, Nov 25, 2013.

  1. erudne

    erudne The Pie Matrix PPL Say Sleeping W/Your Rifle Is A bad Thing? Bronze Supporter

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  2. cookie

    cookie THE SOCIALIST STATE OF KALI - FORNIA Well-Known Member

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    Not a good thing. Repercussions? Russia helping out fellow socialists??
     
  3. AMProducts

    AMProducts Maple Valley, WA Jerk, Ammo Manufacturer Silver Supporter

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    Cypress is a basket case, but also the european equivalent of the grand caymans, it's an offshore banking mecca. Most of the problems they've had over there have been a result of currency controls coming from russia and europe, that prevented that money from flowing in.
     
  4. ATCclears

    ATCclears Seattle area, WA Well-Known Member

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    My concern is the "monkey see, monkey do" factor. The IMF is already hinting at "financial haircuts".

    Peter
     
  5. EZLivin

    EZLivin SW of PDX Well-Known Member

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    That "breaking news" video was from events that occurred back in March 2013.

    But as someone I have a huge regard for said recently: "When you hear talk of paying the banks to have dollars on deposit, remember you are not the holder of an asset, dollars in the bank, but rather a unsecured lender to the bank paying the banksters for the privilege of being at risk to the dollar, and at risk to the bank itself. That is simply insane."
     
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