Looks like my preps are going to be needed soon
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Looks like my preps are going to be needed soon

This is a discussion on Looks like my preps are going to be needed soon within the General Talk forums, part of the General Discussion category; Hi all, It looks like here in Cyprus my preps might have to be used. BBC News - Cyprus bailout: Parliament postpones debate All the ...

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Thread: Looks like my preps are going to be needed soon

  1. #1
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    Looks like my preps are going to be needed soon

    Hi all,

    It looks like here in Cyprus my preps might have to be used.

    BBC News - Cyprus bailout: Parliament postpones debate

    All the bank accounts here have been frozen we can't get money from the ATMs they as shut down and cards are being refused at shops.

  2. #2
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    Batten down the hatches, sharpen the swords and stay alert. Good luck Neo4516.

  3. #3
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    Here it comes!

    Quote Originally Posted by neo4516 View Post
    Hi all,

    It looks like here in Cyprus my preps might have to be used.

    BBC News - Cyprus bailout: Parliament postpones debate

    All the bank accounts here have been frozen we can't get money from the ATMs they as shut down and cards are being refused at shops.
    Here it comes, people! Wake up and listen to the alarm that has just sounded....

    For those of you who have been waiting on "a sign that the SHTF" pay heed here.

    This could be a prototype of what the government and banks plan to do worldwide (note that the [American-created & funded] IMF is involved, as well as the EU).

    The bank levy (a nice word for an overnight secretly imposed tax on everyone's bank accounts - while denying you access to your own money), if approved, will result in you being compensated in shares of the bank which takes your money on the government's behalf.

    Translation: Your cash will be taken, and you will be handed a share of stock certificate(s) - so you are left owning stock in a bank that is about to go bankrupt.

    In a bankruptcy, the shareholders get wiped out. So your piece of paper (your "bank stock certificate") is a worthless piece of paper, if the banks go under.

    I think the stock markets worldwide may be watching this to gauge reaction - if shares start to fall rapidly, make whatever move you think you have to make.
    Last edited by Verteidiger; 03-17-2013 at 08:57 AM.

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  5. #4
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    Thank you guys

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    Good luck. I would say move but where the heck would you go?
    New life as a house husband, major shift in duties.

    Karl Marx said, "Destroy their culture, rewrite their history. Ruin their art and literature, and defame their heroes, by offering fabrications to scandalize that which they considered good.
    After reading this Obama said I am on it.

  7. #6
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    Keep us posted. Of course we aren't hearing of much in the news.

  8. #7
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    Ouch, it will interesting to see what happens when the banks reopen, it is my understanding there is a lot of Russian money in Cypress banks.

    A good lesson in why you should have your money locked up at home and not in a zero percent bank.

    A SHTF symptom but hardly the straw that breaks the bankers back.

    Good luck Neo, keep us informed.
    Tundra Dweller likes this.
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    This could never happen here in America right? After all we have the FDIC.

  10. #9
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    Quote Originally Posted by alterego View Post
    This could never happen here in America right? After all we have the FDIC.
    I really hope your trying to be Sarcastic? that the same group that is already in debt over 16 trillion dollars......... Printing more money to cover something like this if it where to happen would just make things worse and that's the only real option they would have.
    Denton likes this.

  11. #10
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    Thanks guys I wil keep you updated when we have more info.
    Denton likes this.

 

 
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