Wow!! This is an AMAZING story! I have been warning about this for a long time, I’m just shocked to see it actually happening. So this weekend European Union Chiefs did the unthinkable draining private savings accounts to pay for the bank bailout in Cypress.
(Here is what I have written in regards to the bailout subject and where this has been heading.)
ATMs were drained, and electronic transfers were halted over the weekend. People were left with zero dollars in their accounts. For some reason the EU Chiefs believe they have the authority to raid private savings accounts to help pay for the country’s $13 billion bailout. This has been the plan ALL along!!!!
And in case you forgot it was the US that bailed out the EU last Christmas (they love to do these things over holidays when no one is paying attention). So they are calling this a “bank holiday”. It was originally thought that there were plans to stretch a bank holiday to at least one week, while the exact plans were decided upon. However, yesterday the Cypriot parliament rejected the scheme outright, leading many to speculate that this would be the start of something even worse.
Remember most of this debt is not the debt of the people it’s global debt their leaders signed them onto. Its derivative debt that was pushed by Goldman Sachs and other global banks to INTENTIONALLY put countries in these vulnerable positions so deals could be made.
(hint: look at resources and Cyprus’ massive natural gas reserves).
Germany is now saying that Cypriot banks might never reopen after parliament’s decision:
Germany’s finance minister, Wolfgang Schaeuble said major Cypriot banks were “insolvent if there are no emergency funds,” according to a BBC report, meaning savers might lose all their money if no deal was reached. (Source)
And it sounds like the draining has only JUST begun. Similar schemes are being proposed for Italy and New Zealand.
So I suspect there will obviously be a bailout proposed from where no one knows. But its important to note that countries no longer exist. So if a bailout comes from Russia or China that does not mean that the bailout is not coming from the EXACT same evil banks that robbed them in the first place. In fact the global oligarchs have their tentacles firmly implanted in the Chinese government.
Cyprus president Nicos Anastasiades reversed his previous promises that this would NOT happen. The EU is now demanding a bailout tax making citizens personally liable for government and private bank debts.