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Socialists' goal finally being attained: Cyprus govt confiscates 10% of savings accounts

Discussion in 'U.S. Politics' started by Little-Acorn, Mar 18, 2013.

  1. Little-Acorn

    Little-Acorn Well-Known Member

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    The goal of socialism in general, has always been to convince people that what they produced and earned, isn't really theirs, but can be taken by government to distribute as they please.

    The leftists in Cyprus are now beginning to reach the nirvana they have been seeking for so long. The Cypriot government has abruptly confiscated up to 10% of everyone's savings accounts, and then closed all banks to protect the rest of what they appear to consider "their" money from the ignorant masses.

    You voted for that government, Cyprus citizens. Didn't think they would do that, did you?

    Are you watching this, America?

    You're next, you know.

    ----------------------------------------------

    http://cnsnews.com/news/article/cypriot-deposits-grab-shocks-savers-across-europe

    Cypriot deposits grab shocks savers across Europe

    March 18, 2013
    by Staff, Associated Press

    NICOSIA, Cyprus (AP) — A plan to seize up to 10 percent of people's savings in the small Mediterranean island nation of Cyprus sent shockwaves across Europe on Monday as households realized the money they have in the bank may not be safe.

    A weekend agreement between Cyprus and its European partners called for the government to raid bank accounts as part of a €15.8 billion ($20.4 billion) financial bailout, the first time in the eurozone's crisis that the prospect of seizing individuals' savings has been raised.

    Facing outrage, Cypriot authorities delayed a parliamentary vote on the seizure and ordered banks to remain shut until Thursday while it tries to modify the deal to reduce the hit on people with small deposits.

    Several hundred protesters gathered outside the parliament building, with some chanting "thieves, thieves" and "people wake up, they're drinking your blood." One demonstrator dumped sheep wool and animal feces in front of a line of police officers guarding the entrance. Protesters later marched onto the presidential palace.

    "It's a precedent for all European countries. Their money in every bank is not safe," said lawyer Simos Angelides.

    In order to get €10 billion ($13 billion) in bailout loans from international creditors, Cyprus agreed to take a percentage of all deposits — including ordinary citizens' savings. The surprise deal stoked fears that deposits in other countries could be targeted.
     
  2. Gipper

    Gipper Well-Known Member

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    More of this is coming throughout the West and no doubt, the American goverment will do it too. The failure of the political class to control spending and prevent the central banks from destroying the currency, will lead to measures like this in all the welfare states that make up most of the West.

    It has happened before, so you would think the people would know whats coming, but I suspect most do not because few know history in the Age of Ignorance (aka Age of Liberalism).

    Welfare statism always implodes from its own weight.
     
  3. Aus22

    Aus22 Well-Known Member

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    This is a tax to prevent revaluation. I is not a socialist plot. Most of the investors are overseas and the 10% only applies to those with he highest deposits. What is your alternative?
     
  4. dogtowner

    dogtowner Moderator Staff Member

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    spend less.
     
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  5. dogtowner

    dogtowner Moderator Staff Member

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    "All your moneys are belong to us."

    [​IMG]
     
  6. steveox

    steveox Well-Known Member

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    First of all if Obama Admin ever thinks of doing this 3 things would happen.
    1. Supreme Court would over rule it.
    2.Tea Party would wake up.
    3.Voters would vote out the democrats in massive numbers.
     
  7. Cruella

    Cruella Well-Known Member

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    Once amnesty gets passed you can forget about the Republicans ever getting elected again.
     
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  8. dogtowner

    dogtowner Moderator Staff Member

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    1. Run on the banks that makes Black Friday seem a picnic
    2. Every politician's lifeline gets really short
    3. Everyone who bought firearms will be OK, everyone else ? Not so much.
     
  9. Iolo2

    Iolo2 Well-Known Member

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    Godawmighty - the capitalist EU is now 'socialist' is it? I think the rightwing American weirdoes are getting too nutty even for this universe. I hope they find one where the mentally dead can be happy!
     
  10. dogtowner

    dogtowner Moderator Staff Member

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    its not like they dont proclaim their socialism. its only a question of degree.
     
  11. steveox

    steveox Well-Known Member

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    Why didn't the UN get involved when the Euro was being introduced? The UN would had rejected the Euro
     
  12. Gipper

    Gipper Well-Known Member

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    so the only solution is to tax bank deposits....in your mind. You think it fine for a government to confiscate funds from bank deposits because many depositors are from overseas who are wealthy.

    It is amazing to me what people will accept and how they rationalize the acts of tyrannical governments.
     
  13. Gipper

    Gipper Well-Known Member

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    I didn't get past that ignorant phrase. Proof you are terribly uninformed....like most leftists.
     
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  14. BigRob

    BigRob Well-Known Member

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    In case all of you missed it -- this has already basically been going on the United States for years. What exactly is the difference between a government seizing your savings to pay for their bailouts, and a government simply printing trillions of dollars and inflating away your savings?

    Both have the same result.
     
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  15. dogtowner

    dogtowner Moderator Staff Member

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    mainly becsuse its none of their concern
     
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