The EU & Cypriot Bank Theft

[Franklin_Delano_Roosevelt]

I guess the UK won't sit up until it finds its pensions are no longer paying out

Zimmers to the streets and all that

But that is stage 5

Stage 2 is a few people beginning to realise that all this is connected to us.

Trouble is, they then go off on one and lose focus by rambling on about their prejudices

The electronic transfer of 'money' is the vehicle - the drivers are less the politicians, more the egangsters, but of course job sharing is always possible

Not quite right, it isn't so much the electronic transfer of money that is the problem - more the electronic creation of money via Central Banks. The Bank of England has already created £375 billion of freshly generated funny money since the crisis began in 2008 which the banks are hoarding, apart from the massive chunk to pay themselves giant bonuses for being so very clever and important to the economy of course.

Fiat currency that is backed by nothing is the problem, as with the Cypriot and prior Euro Zone cases show even a Government backed guarantee counts for nothing if said Government is technically bankrupt

“Paper money eventually returns to its intrinsic value – zero.” (Voltaire, 1694- 1778)

 

[John Marwood]

I would advise a large mix of currencies for your matress

And not to wait until you are advised to do so by the telly

 

[tek-monkey]

Deal reached it seems, bad luck those with high savings (and dirty foreigners hiding their wealth there?)

Deposits below 100,000 euros (£85,509) in Laiki will be safeguarded and transferred to the Bank of Cyprus, the so-called "good bank".Deposits above 100,000 euros, which under EU law are not insured, will be frozen and will be used to resolve debt. It is not yet clear how severe the losses will be for these depositors.

http://uk.news.yahoo.com/small-expl...3905977--finance.html?.tsrc=samsungbm#ZyU1EMP

 

[John Marwood]

Deal reached it seems, bad luck those with high savings (and dirty foreigners hiding their wealth there?)

http://uk.news.yahoo.com/small-expl...3905977--finance.html?.tsrc=samsungbm#ZyU1EMP

Or older people without a superannuation pension

 

[tek-monkey]

Older people don't usually burn down public buildings and kill authority figures when the man steals from them.

 

[John Marwood]

Older people don't usually burn down public buildings and kill authority figures when the man steals from them.

Older people without a government pension are reluctant to put their life savings into shares or anything else

 

[tek-monkey]

They are a soft touch, they have readily stealable money and wont kick off about it. Cyprus is just the first.

 

[Hetairoi]

This is a very serious situation which could snowball and cause another banking crisis as people world wide rush to withdraw money from the banks!

Luckily I don't have any savings!

 

[John Marwood]

This is a very serious situation which could snowball and cause another banking crisis as people world wide rush to withdraw money from the banks!

Luckily I don't have any savings!

Scrounger

 

[John Marwood]

And now we go over to Valletta for the Malta meltdown ...

Can we have your votes now please Malta?

 

[Gramaisc]

And now we go over to Valletta for the Malta meltdown ...

Can we have your votes now please Malta?

Faith, Hope and Charity, that's what they need. Worked last time, just....

 

[andy w]

Faith, Hope and Charity, that's what they need. Worked last time, just....

Just hope that aren't relying on Royal Navy convoys this time round

 

[tek-monkey]

Faith, Hope and Charity, that's what they need. Worked last time, just....

I believe their stage names are BovvR'd, Rhialliti-TeeVee and Blingin.

 

[Gramaisc]

That episode of Gladiators may have passed some people by..

 

[proactive]

Just hope that aren't relying on Royal Navy convoys this time round

Indeed, as I believe our navy now only consists of half a dozen or so of these, since the cuts.

 

[Gramaisc]

Indeed, as I believe our navy now only consists of half a dozen or so of these, since the cuts.

But we've got plenty of Admirals - more than one per ship.

The Germans are using rather less physical tactics than last time and the Italians are unlikely to join in with them, even at the beginning - although Berlusconi is more than a little bit iffy.

Your suggested vessels would be immune to magnetic mines, of course - that's a plus, surely.

 

[Withnail]

the Italians are unlikely to join in with them, even at the beginning - although Berlusconi is more than a little bit iffy.

More Il Douche than Il Duce, what?

 

[John Marwood]

 

[andy w]

We in the UK get accused of being fixated by the war and being too nationalistic in our outlook. But it seems it is the pro-european federalists who base most of their thinking on the wars between European countries. They believe that to avoid further conflicts, member states should merge into a United States of Europe with a common currency and foreign policy etc. You only have to look at the Balken cival war and back further back to the Austro-Hasberg empire to see how forced unions causes conflict.
What has become apparent is that a major flaw of the Euro has been one currency/interest rate doesn't fit with 17 seperate economies and the situation was made worse by individual states having the freedom to borrow heavely to expand to unstainable levels. To keep the Euro project going the Euro leaders want to centralise economic policy for all of Europe. Effectively they are downgrading the powers of individual countries and as shown in the case of Cyprus the ECB/EU have control and overide sovereign countries.

 

[Gramaisc]

How many separate entities should the UK be broken up into?