Updated — Do you realize how little of a ‘nudge’ it will take for the S to HTF ?

Locally in your town, county or state ?

How about on a ‘contained’ national basis anywhere ?

Maybe a multi-national region ?

Globally ?

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Here’s a ‘little nudge’ in Cyprus:

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Savers with more than 100,000 euros (£86,500) in the bank will be charged a one-off levy of 9.9%.  Those with less will be charged 6.7%.

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That’s any bank account in Cyprus.

Think about that for a minute.

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Yeah.

Really.

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Financial market openings on Monday in what remains of America are going to be ‘interesting’.

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Oh, by the way…… If it matters, Cyprus is possibly the only friend Israel has in the region.

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As for thought-through and well-written commentary on what’s coming, I coul………… Hey, isn’t the college basketball national championship tournament starting in a few days ?  Better get your brackets ready.  Our entire nation is doing just that right now, so don’t be left out of all the fun.

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Update 1 – March 17th 2013 – 0540:

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(AP) — An official says Cyprus’ parliament had postponed the debate and vote on the controversial levy on all bank deposits that the country’s creditors demanded in exchange for (EURO)10 billion ($13 billion) in rescue money.

Parliamentary official Antonis Koutalianos said the vote that was scheduled for Sunday afternoon has been pushed back to Monday, but the exact hour of the vote has yet to be fixed.

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Update 2 – March 17th 2013 – 0545:

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(BBC) — Cypriot President Nicos Anastasiades has said a big bailout – which has provoked mass public anger – was needed to avoid a “disorderly bankruptcy”.

The 10bn-euro ($13bn; £9bn) deal agreed by the EU was “a painful but controlled management of the crisis”, he said.

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Video report regarding the vote postponement:

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“Postponed the debate and vote”, plus “controlled management” means only that all ICR2P members (Totalitarian leftist scum, the lot) having deposits in Cyprus were notified in advance, somehow kept it real quiet, but haven’t yet pulled out all their money before the seizure announcement was made public.

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What really matters:  Opening bells at world financial markets Monday morning and some folks getting ‘a bit nervous’.

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Update 3 —  This is what you call another little ‘nudge’:

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Cyprus Finance Minister Michael Sarris told CNBC that there will be no capital restrictions and that people will be able to move their money out of the country on Tuesday after banks re-open.

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Wait…… Monday’s not an official… holiday……… in……………… Cyprus.

Oops.

It is now.

Banks are closed too.

All aspects of ’em.

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The Cyprus government announced a bank holiday on Monday and temporary halted all electronic bank transfers after a euro zone bailout imposed a levy of as much as 10 percent on bank deposits.   The levy is due to go into effect on Tuesday.

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What could go wrong ?

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Nada ver aqui, maing.

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Kenny Solomon
Israel Survival Updates
The American Survival Guide

Oath Keeper
Patriot Guard Rider

Riding in memory of my dad, Roy Solomon, US Army, 63rd Engineers, WWII Europe.
In memory of my uncle, Col. E. J. Lasner, US Army, Europe, Viet Nam and USA.
In memory of my grandfather, Cpl. Samuel Lasner, US Army, WWI, France.

—and—

In memory of Brian A. Terry, US Marines, US Border Patrol.

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Follow Israel Survival Updates On Twitter.

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2 Responses to Updated — Do you realize how little of a ‘nudge’ it will take for the S to HTF ?

  1. Edohiguma says:

    I hope they choke on our 10 billion Euro.

  2. Cyprus and Israel may have to step-up the development of their oil-fields before shale gas spoils the market.

Have at it....... But please be respectful and no f'n cussin' neither, ya heah ?...... Also please back up all claims of fact in your comments with links (yes, they will be verified before comment posting approved).

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