05/04/2013 articles found, selected and uploaded by Natasha M
Cyprus Reaches Banking Deal, Should Be Safe For At Least a Few Hours by Stuart Wilde To the surprise of no one, Cyprus reached a deal at the very last second to bail out its banking system. The Financial Times has the basics:
Under the outlines of the deal, depositors with accounts worth less than €100,000 would not be touched. But those above those levels in Laiki Bank, the second largest and most troubled financial institution, would be severely cut, the officials said. The losses on large deposits in Bank of Cyprus, which will survive as a much smaller entity, have yet to be decided, but could be as high as 40 per cent.
….While the deal spares Cyprus of the sweeping levy on all deposits that caused outrage earlier in the week, it could end up being far more painful for large depositors, including Russian account holders, in both banks. Bank of Cyprus is particularly heavily laden with Russian deposits.
Strict capital controls will remain in place to prevent wealthy Russians from withdrawing all the rest of their money the instant that banks reopen, which is pretty much what anyone with any sense would do if they were allowed to. No matter how emphatically the great and good of Europe insist that Cyprus’s problems are now solved for all time, the EU’s recent history suggests taking their assurances with a great big shaker of salt.
And it turns out that this isn’t all. AP reports that even haircuts this colossal will raise only €4.2 billion. The remaining €1.6 billion demanded by the EU will come from “tax increases and privatizations.” The Wall Street Journal reports on the likely result:
bby Martin takes a look at wealth inequality in the US, comparing record profits on Wall Street to the economic hardships felt by average Americans and highlights Switzerland as an example of people fighting back to stop corporate greed. (3.52 mins) Stuart Wilde
Keep Your Money Safe
Cyprus has gone belly up owing money to the International Monetary Fund and other global money lenders. They came up with an austerity plan but it’s not enough to satisfy the demands upon them. They have been ordered by the EU to seize 10% of the money in people’s private bank accounts. This has caused panic withdrawals from ATMs. British troops in Cyprus will be reimbursed by the British government for any losses they suffer.
Obama is passing a law that will allow the American security agencies to go into any bank account in the country, ostensibly it is a con job about money laundering, but in practice it allows the government to see who has cash that can be stolen and who hasn’t.
Keep your money safe. If you have just a little then keep it in cash or buy a few gold coins and if you have a lot move it overseas. It’s not against the law for an American to have a foreign bank account they just have to file a form saying the account exists. Stuart Wildewww.stuartwilde.com
They solve the basic problems of food, clothing & shelter by providing you with jobs. Every two weeks they pay you in debt notes & within ten days you have given it all back. You don’t even know it’s not real money & that the nations are all under bankruptcy & everything is prepaid
You are so conditioned you can’t believe it, you deny it & you continue to go along with the corporate central bank tax scam. That leaves you free to solve more pressing problems like cash or charge, wine or beer, window or aisle, smoking or non, Oprah or American Idol Worship.
You work all day in a corporate sweat shop. You pay taxes to the corporation of then you watch Corporate news scare you to death with terror, murder, rape & corruption.
You watch some sitcom Friends lie & cheat on each other for a laugh then you finish off the evening by witnessing some Criminal Minds plot & commit murder.
We can rally a billion people in Facebook or American Idol to vote for trivial stuff.
Let’s use these tools to move people, create a new world game of enlightened citizens earning points for being better informed, exposing lies & uncovering truths, earn the right to weighted voting exams. ”
The Wikileaks Film Trailer
The movie of Jullian Assange and Wikileaks is out soon at the Sundance Film Festival here is the official trailer. (2.32 mins). Stuart Wilde www.stuartwilde.com