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3/17/2013

Cyprus government raids private checking and savings accounts as citizens panic



Businesses and Public begin withdrawing their funds from Cyprus Banks to send abroad


http://www.cyprusexpat.co.uk/blog/read/id:3126/businesses-and-public-begin-withdrawing-their-funds-from-cyprus-banks-to-send-abroad

Businesses and Public begin withdrawing their funds from Cyprus Banks to send abroad

The lines are getting longer to withdraw money from Cyprus banks.  

Depositors in Cyprus banks are threatening to withdraw their savings and other types of deposits from the island after the Eurogroup and government imposed a one-off bank tax of 9.9 percent on deposits over 100,000 euros - and 6.75 percent on deposits under 100,000 euros.

"From Tuesday I will be moving all my savings to another country to avoid a repeat of this criminal behaviour," said one depositor via Facebook.

What if it happens again, asks another saver - does this set a precedent?

The bank tax was announced over the long weekend and accounts have been frozen. Monday is a holiday, and the cash will be subtracted from all accounts as of Tuesday, March 19th. The money will be exchanged for Laiki bank shares.

On a larger scale, there are reports that companies with their bank accounts in Cyprus will leave the island or change their banking practices after the money is removed.

All the signs point to a massive loss of trust in the government and banking system, with many pointing the finger of blame at the Eurogroup.

The deposit grab has left the entire island stunned and confused as people worry about their savings. Even those who have received loan funds that have not been used yet will be taxed, leaving them short of money for whatever purpose the loan has been taken.

All deposits will be taxed, including those of foreigners, locals, companies with current accounts, and savings accounts.

The overwhelming feeling is that this is a huge injustice against individuals and companies who received no warning of the tax and have no choice but to pay it. Those with internet banking are receiving the message that the bank has temporary technical problems and 'sorry for the inconvenience'.

Other questions are being raised about the government's credibility, after it promised not to allow a tax on deposits, and then made a u-turn of epic proportions - followed with a conveniently lined-up system to freeze accounts over the weekend.CyprusNewsReport.com
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Sunday, March 17, 2013
by Mike Adams, the Health Ranger
Editor of NaturalNews.com (See all articles...)

NaturalNews) The day is coming when the U.S. government will claim it "owns" a portion of all our bank accounts, and it will electronically drain our accounts of money in a grand theft scheme designed to pay off the banksters while decimating private savings.

Don't believe it? That day has already arrived in the European nation of Cyprus, where the government made a secret deal with the IMF to loot private bank accounts of up to 10% of current deposits. Banks went along with the theft, sealing off the funds from account holders. The government now plans to initiate millions of funds transfers as early as Tuesday, draining private accounts of the money the government now claims it owns.

"Restrictions have been imposed to stop people emptying their accounts or moving their money out of the country following the deal with other eurozone finance ministers, under which ordinary citizens' deposits will be directly raided for the first time," reports the Daily Mail.

It continues: "But financial experts said the move -- designed to stop Cyprus crashing out of the euro, potentially destroying the currency -- would send shock waves through the eurozone. If savers in other troubled nations fear their accounts might be next, they could withdraw their money and spark a catastrophic run on the banks."

Outright government
theft of after-tax money

Just to be clear: even after you earn money by working your job and paying your taxes, any money you have in a bank account can be seized without notice as the government loots private savings to bail out wealthy bankers.

Not surprisingly, bank customers freaked out across Cyprus and began lining up in front of ATMs to withdraw as much cash as possible, causing fears of bank runs.

This seizing of private funds held in bank accounts is being called a "bailout" by eurozone cleptocrats. This is the model of theft that we are going to see replicated all across the EU as the global debt collapse takes hold. When wealthy bankers and investment houses make bad decisions on derivatives debt, they will be "bailed out" by a combination of governments creating fiat currency and / or looting the bank accounts of private citizens.

See this video for more (story continues below):





Now it's clear why DHS needs 1.6 billion bullets and armored assault vehicles

If you've been wondering why DHS thinks it needs 1.6 billion rounds of ammunition, 7,000+ full-auto assault rifles, and 2,700+ armored assault vehicles, all for use on the streets of America, the answer is now clear:

The U.S. government is going to loot private bank accounts when the global debt collapse strikes, stealing everybody's money and setting off nationwide riots that will be held in check using armored assault vehicles and automatic weapons fire.

This is what the government sees coming: A global collapse of the 1+ quadrillion dollars in derivatives debt, causing a runaway cascade of wealth destruction and bank failures. No nation on the planet carries more debt than the U.S. government, making it more vulnerable to a debt collapse than any other nation.

Once a global debt collapse spreads to America, the U.S. government will be unable to sell new debt, meaning it will have no choice but to print currency and start looting private bank accounts just to stay afloat. The value of the currency will be rapidly eroded, causing dollars that people have saved in bank accounts to plummet in value by the day. When the government loots private bank accounts, all hell will break loose in the streets, and a national state of Martial Law will be declared to try to stop the violent riots that will be unleashed in every major city.

The U.S. government, like every other government in the world, is like a cancer tumor in that it would rather kill the host than face death itself. There is no limit to the actions the U.S. government will take in an attempt to keep itself afloat, including confiscating private bank accounts, confiscating gold, demanding all gun owners turn in their guns or be arrested, and even confiscating large sectors of the economy such as the technology sector. Don't be surprised if the U.S. government seizes Google, for example, and then begins to censor the search results of all websites critical of the government.

All those in society who produce wealth will be told to hand over their wealth to the government. The billions of rounds of ammunition (and armored assault vehicles ordered by DHS) are to be used by the government to make sure the populace complies. Drones will also be used to kill any who resist by firing missiles at their homes or businesses. This is why Obama continues to claim the right to use drone strikes on U.S. soil to target "enemies" of America (meaning enemies of his regime).

How to protect yourself from government theft

As Cyprus clearly demonstrates, we are now entering the era of runaway government theft of private bank accounts. This is a warning sign of deep desperation, and it's a sign of things to come across the globe. The global debt pyramid is a fictional construct built on a house of cards, and it's going to come crashing down in a violent, desperate implosion that impacts every nation on the planet.

How can you protect yourself from this theft? Trade dollars for REAL things now, while you still can. Here's my list of real assets that are far more valuable than dollars, Euros or any other currency:

• Farm land with good topsoil and multiple water supplies (more valuable than gold!)
• Heirloom seeds
• Physical gold and silver (not held in a bank, obviously)
• Farm equipment such as tractors and farm implements
• Firearms and ammunition
• Home food production systems (aquaponics) - see these websites:
http://theaquaponicsource.com (has an awesome online course)
http://www.backyardaquaponics.com

Learn more: Work of: http://www.naturalnews.com/039522_Cyprus_government_looting_bank_accounts.html#ixzz2NphiMxaz



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