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Cyprus Warning: Could the Crash in America Happen By This Summer?
The Truth Behind The News
Susanne Posel
Occupy Corporatism
April 4, 2013
Marc Farber, author of the Glloom, Boom & Doom Report, warns that the Cypriot blueprint will happen everywhere in the world, in Western democracies. You have more people that vote for a living than work for a living. I think you have to be prepared to lose 20 to 30 percent. I think you’re lucky if you don’t lose your life.”
Farber said: “If you look at what happened in Cyprus, basically people with money will lose part of their wealth, either through expropriation or higher taxation. The problem is that 92 percent of financial wealth is owned by 5 percent of the population. The majority of people don’t own meaningful stock positions and they don’t benefit from a rise in the stock market. They are being hurt by a rising cost of living and we all know that the real incomes of median households has been going down for the last few years.”
The summer seems to be a perfect time for a crash, according to Farber.
Referencing Cyprus, Jim Rogers, billionaire investor, said: “It’s pretty scary what’s going on in Europe when they start taking money out of people’s bank accounts. I for one am making sure I don’t have too much money in any single bank account anywhere in the world now because now there is a precedent. The IMF has said sure, loot the banks accounts. The EU has said loot the bank accounts. So you can be sure in other countries when the problems come are going to say, well, it’s condoned by the EU, it’s condoned by the IMF. let’s do it too.”
Rogers continued on: “I have started the process of in a couple of countries in Europe already to make sure I am under the guaranteed amounts. And everybody you know should do the same.”
Jeroen Dijsselbloem, president of the Eurogroup, recently admitted that Cyprus is the blueprint that the technocrats will follow all across the globe; it is their scheme to steal wealth from the poor and economically terrorize sovereign nations.
Dijsselbloem said: “If there is a risk in a bank, our first question should be ‘Okay, what are you in the bank going to do about that? What can you do to recapitalize yourself?’. If the bank can’t do it, then we’ll talk to the shareholders and the bondholders, we’ll ask them to contribute in recapitalizing the bank, and if necessary the uninsured deposit holders.”
In exchange for the economic terrorism afforded to Cyprus by the International Monetary Fund, there will be an overtaking of the nation’s natural resources. Mainstream media focuses on the “offshore tax haven” for Russian and other foreign investors that Cyprus has become; yet the IMF plans to remove Cyprus’ worth by extracting their deposits of natural gas for the monetary benefit of the technocrats.
In fact, with foreign investors having money deposited in Cypriot banks, critics have accused “Cyprus of acting as a hub for Russian money-laundering.”
Russian depositors have extracted their money; as well as 132 corporations and other individuals that have done the same. These claims come from the Eurogroup – the same technocratic entity that is threatening economic terrorism against Cyprus in order to secure control over their natural resources.
According to these reports, rubles and euros have been removed from Cypriot accounts which “raised some suspicion “that some had inside information about the decisions taken by the other 16 Eurozone countries in exchange for financing deficits of the economy.”
By taking the natural gas from Cyprus, the IMF is effectively extracting the country’s wealth. The deposits in the Mediterranean Sea are worth quite a bit, and the technocrats know this.
Despite the money deposited in Cypriot banks, the Russian government has refused to assist in loaning the country the €5.8 billion extorted by the IMF for a bailout. Igor Shuvalov, first deputy Prime Minister explained that it is a “great shame, but the Russian government won’t take any action in that situation.”
Yiannakis Omirou, Cypriot House of Representatives President, has called for a “time for responsibility” and suggested that Iceland be a model to gain “national independence, national sovereignty, moral integrity, and economic independence.”
The technocratic threat of banking collapse has brought the nation to its knees. The message to the citizens of Cyprus is “that there is no other way, there is no alternative apart from freeing (the country) from the troika’s and the memorandum’s bonds.”
The communist-controlled media outlet Haravgi claims that Cypriot President Nicos Anastasiades removed €21 million in March of this year; prior to the deposit tax implementation on Cypriot citizens that caused a run-on-the-banks.
Anastasiades responded: “The attempt to defame companies or people linked to my family… is nothing but an attempt to distract people from the liability of those who led the country to a state of bankruptcy.”
2013-04-17 21:55:38
Source: http://www.occupycorporatism.com/cyprus-warning-could-the-crash-in-america-happen-by-this-summer/
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