Posted in the New Lenox Forum
#1 Mar 18, 2013
Let's be quite clear; the European Union has confiscated the private property of the citizens in Cyprus without debate, legislation or Parliamentary agreement. Pay attention please. The European Union and the European Central Bank and the IMF have just advocated the confiscation of private property for their own indulgence.
Anyone care to even mention this grand theft? Does anyone care or want to care? Keep arguing about Bluestone as your money gets sucked out of your accounts.
#2 Mar 18, 2013
A boon for our business.Many of our competitors went to Cyprus for their easy to attain financial services licenses.They wanted to have EU standing to passport through the whole EU as a regulated entity.I have been to Cyprus several times and almost had to live there before we switched course.All they have is a forex and sex trade.
We chose a venue that is much more respected and stronger financially than Cyprus and the US.The same thing will happen here one day.Once we lose reserve currency status and the can can't be kicked down the street.
It,to this point,been a non-event in the US equity markets.
#3 Mar 18, 2013
Kind of like our government movement going on.
#4 Mar 18, 2013
I heard that most of the money in the banks was not assets of the people of Cypress but assets of large foreign banks. It appears Cyprus was, in the recent past, a popular place to shelter assets without paying taxes on the interest that was earned. This is why the large banks with international exposure took a hit in the market today.
#5 Mar 19, 2013
Theft is theft no matter who's money it is.
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