What is truth?

Posts tagged ‘Cyprus Bank’

Ireland the next “Bailout “A LA Cyprus on the way !

By Thomás O Cléirigh

275

As I write this I am hearing on the Irish radio that the finance minster is in Talks to formalise the “Cyprus Bank bail in” system for a European wide execution .If you are an Irish depositor get your money out now as these crooks will be taking a hefty slice of you hard earned money to contribute to the next phase of the Irish Bank bailout madness!

The public are been kept in the dark as to the real ramifications of this so called new fiscal measures, now been formalized to secure the European banking system from total collapse. Make no mistake we the citizens are been set up once again for a massive fall and we will have to foot the bill that is sure to come by the autumn. Allied Irish Bank is Bankrupt and the only way for this toxic corrupt zombie bank to survive will be the wholesale robbery of its customers A LA Cyprus!  I just checked again on the RTE website to hear once again the news podcast but the item is no longer to be found!

The public are been kept in the dark!

See also: http://thepressnet.com/2013/05/13/if-i-provide-proof-that-the-entire-irish-banking-system-is-a-sham/

http://youtu.be/7gwCdgmTttU

The Ongoing Death of the Euro: 1929 in Slow Motion 2

By Christopher Quigley

04/02/2013 It is hard I am sure for Americans to fully comprehend the disaster that played out in the recent Cypriot Euro debacle.

To get a feel for the panic that was swirling about in Europe the week before last I include a quote from the Irish Independent of 22nd March 2013:

Irish property speculators fear for cash in Cypriot account.

“A group of up to 30 Irish property speculators have been left sweating on their investments due to the Cypriot bailout crisis.

The group, mainly Irish nationals living in the Middle East, all invested in a fund to take advantage of the collapse in property prices back home in Ireland.

Under the scheme, each invested €20,000 or more with a property consultancy, which has been seeking to snap up cut-price Irish properties whose value is likely to increase in the coming years.

A further 20 British nationals are also thought to be involved in the scheme.

Investor funds were placed in a Cypriot client account.

However, the account cannot currently be accessed after banks on the Mediterranean island closed their doors last weekend.

And hundreds of thousands of euros could be wiped off the value of the fund should the Cypriot government cave in to pressure from the EU and IMF for a levy on bank deposits as part of a bailout deal.

Richard Jones (37), a project finance consultant from Ballyhaunis, Co Mayo, who is involved in the scheme, flew in to Cyprus earlier this week in an attempt to withdraw the cash before any proposed levy on the account.

“I came over yesterday because the banks were due to reopen, but they didn’t,” he told the Irish Independent.

“I found it hard to get into a hotel room here. Everything has been booked up by the Russians coming in to withdraw their cash. That just confirmed my decision to come out as there will be an almighty run on the banks once they reopen.”

He said the clients’ funds were held in a Cyprus bank because the country “has been seen as a gateway for investment from the Middle East into Europe”.

“Most of my investors are very small — around €20,000. But it is a lot of money to them. They are mostly Irish and British expats living in the Middle East and they see value to be had in Irish property now,” he said.

Mr. Jones said he believed the current crisis signals the “beginning of the end for the euro”.

He added: “I think what the EU has signaled is that bank deposits are no longer safe. At a single stroke they have reduced the European banking system to third-world status.”

full article at source:http://www.financialsense.com/contributors/christopher-quigley/ongoing-death-euro

see also http://www.marketoracle.co.uk/Article39752.html

Tag Cloud