The Money of Cyprus - Cyprus Crisis 2

Telegraph Live - Cyprus Crisis: Reports the following on the money controls set in place by the Government of Cyprus, " Cypriots face a suspension of credit card payments for overseas goods and a ban on cashing cheques under draft capital controls designed to avert a run on the banks. ".

Lets Get Real:

The dirty secret of the EU is out folks, the template for future bailouts will be for the savers in EU banks with over a 100k to lose up 40% of their savings, no matter if your Russian or not, or a small business.   An interesting BBC 2 Newsnight report on Cyprus showed how small business in Cyprus will be hurt, as the Bank is the common link between customers to a business buying products for its business, if the transaction is over a 100k it could be hit with the 40% tax, thus everyone in the lines gets hit, the idea that this will stay in Cyprus is a MAD view of the global economy, somewhere folks the Cyprus link will have consequences outside the Cyprus and it will hurt the global economy, its a GLOBAL economy folks, the idea that you can collapse the banking system of Cyprus and for not results outside Cyprus shows a real lack of understanding how the everything is connected.   The Banks in Cyprus bought a lot of Greek bonds, with the haircut they lost millions, even billions, did the banks in Cyprus insure their bonds against this, and those that have Cyprus bonds will be looking to get some money back or to get rid of them, then they will have insurance, you get the idea folks.    This is not over folks, also if you have big savings or a small business in the PIGS Countries time to move your savings to non EU Countries, or turn your assets in to gold etc.   The financial crisis of 2008 is not over folks and the policy of theft by the EU is going to make it a lot worse.  

The Cost of the EU - Cyprus Crisis

Guardian: Reports on what awaits the people of Cyprus, " Waiting for poverty to strike is no game. It makes ordinary men and women helpless, desperate and scared. ".

Lets Get Real:

Thus folks the Banks in Cyprus open tomorrow, the Government has bought in limits in how much the people of Cyprus can take out of their own accounts, the State is telling its OWN people how much of THEIR money they can have, think about that folks, this is not the USSR, Cuba, this is the EU in the 21 Century, its like something out of the early late 1940s folks, those heady black and white days!!.    The question is what next for Cyprus, well advice to the poor and I mean poor people of Cyprus, GET OUT OF THE EURO, its not going to make Cyprus stronger, its going to kill the economy of Cyprus.   The EU has decide to steal the money of Russian savers, on the theory that it is dirty money, and the savers can not say a thing, blackmail in other words folks.  It will be interesting to see how the people of Cyprus react tomorrow, will there be lines of people wanting to get THEIR money and out and be told NO.  How will they react, News crews from around the world will be watching folks. Watch this Space. 

The EU wants to STEAL your MONEY - Cyprus Crisis 3

Telegraph: Reports the following on the Cyprus Crisis, " Head of the Eurogroup of eurozone finance ministers Jeroen Dijsselbloem has spooked global markets by saying the Cyprus bank restructuring deal should be considered a template for the rest of the single currency bloc. ".

Lets Get Real:

There you have it folks, the dirty secret is out, the next Country to ask for a bailout will have to steal from its savers, think about this folks, will the EU dare ask Greece, or Italy or Spain to raid and steal the money of its savers.   What if France needed a bailout, will the left wing President Hollande steal the money of French savers to protect the Euro, will Greece revolt should they need extra funds and are told to steal from their own people.   How can the EU grow in economic terms if it is attacking the rich, why build a business if the tax man is going to steal what you and your workers have produced, the EU has failed to learn the lesson of the USSR.  This policy of theft will end baldy folks, it always does, the EU is so up the backside of the Euro it can not see straight any more, the politicians of the EU have lost the backbone to say NO, it will happen folks, and the results will be short term disaster, but then the EU can grown, the Euro is killing the EU, the Euro needs to be buried and fast, otherwise it will take the EU with it, what price the Euro folks. 

Russia and Cyprus 2 - Cyprus Crisis 2

Guardian: Reports the following on the Cyprus Crisis, " Draconian terms aimed at keeping Cyprus in eurozone include closure of second-largest bank and big losses for wealthy savers......Russian officials have repeatedly compared the Cypriot bank levy to Soviet-era expropriation. ".

Lets Get Real:

What if Greece, Spain come cap in hand again to the EU, will Germany again state that savers with large savings have to give up a majority of it, can the Western Banking system cope with the idea that the State, that has not gone through a Revolution phase is stealing the money of savers.   At least in 1917 with the fall of Tsarist Russia the State that would become the USSR has a Communist Agenda, you knew what you were getting, Germany is demanding that a democracy steal from its savers, with no proof of wrong doing, its just wrong folks, no one seems to get that fact, just because its Russian money it should not be seen as safe money to steal.    The Euro has become an end it itself for the EU, it mus be protected at all costs, even if it destroys the economic structure of the EU, one day someone will be brave to say NO, lets hope it is soon folks, democracy can not last when theft is so open and with no blow back. 

Russian and Cyprus - Cyprus Crisis

BBC News: Reports that Russia thinks that EU is using the Cyprus banking crisis as way to raid Russian money. 

Lets Get Real:

Thus Russian Bear would be right folks, the German Government wants to show its voters that it is using Russian money to bailout Cyprus, not German money, the German taxpayer is sick to death of bailing out bankrupt Countries, War guilt only goes so far folks.   The the old USSR would have sent in the Soviet Fleet if this had happened in its time, it shows how Russian is no longer a Super Power, if this was US money the EU would not dare, but Putin's Russia is an easy target, the Russian money is Cyprus is seen as dirty money, either from tax avoidance or illegal acts.   This is act of stealing from the EU could lead to the destruction of the Euro, who is going to trust banks in the PIGS Countries, if you have over a hundred thousand in these banks it would be wise to transfer them to outside EU banks, or to turn the money in to gold or other assets. They day you have to steal money to keep a currency going it OVER folks, the watchman shall come to pick up the Euro, its only a matter of when, the die has been cast folks, who shall weep for the Euro. 

Selling Cyprus - Cyprus Financial Crisis

Guardian: Reports the following in its 10.47am post, " Reports out of Cyprus in the last few minutes suggest that the country's leaders have decided to create "national solidarity fund", at this morning's talks in Nicosia....There's no word on what the fund would includes - but reports last night suggested pension assets, various state assets, and even property owned by the Church of Cyprus. ".

Lets Get Real: 

Folks this sounds like the Reformation, when yo have to sell your Church to pay off your debts its time to look at your soul, is the Euro worth going to hell if your a believer.    The EU wanted the Government of Cyprus to steal from the savings of its people, now the Government wants to steal the pensions of the people of Cyprus and use the Church as a political asset, what if that bluff is called, are Churches in Cyprus going to taken over by franchise shops, get your local coffee or tea or sandwich at your local Church, Car Park yes, no funerals.   This is a mess folks.    The Russians are going through the roof, there are allegations that the Russian money in Cyprus is dirty, or worse, it seems that the EU thought the Bank Tax would just hit the Russians, it scope was beyond that, now the Government of Cyprus is trying to sell Cyprus to the Russians, the Russians are either bluffing or they do not seem that keen according to reports.  Thus folks will the EU really allow Cyprus to go under, or will they have to fold, it would be ironic if Cyprus bought down the Euro. 

Here comes the Russian Bear - Cyprus Bailout

Telegraph: Reports the following from Cyprus, " Cyprus turned to Russia for help on Tuesday night after the country's parliament overwhelmingly rejected a tax on the deposits of bank savers. ".

Lets Get Real:

Thus folks could Cyprus bring down the Euro, the demand that Cyprus tax the savings of its people came from Germany, the Coalition Government in Germany faces a General Election soon and the Germany tax payer is tired of paying for the PIGS.    It can be postulated that Italy and Spain could be asked to tax the savings of its people in the near future, will any Government dare or will they go cap in hand to Russia, this could be a major strategic threat to the West and to the US.   The Germans have to reverse course and fast, they have to bailout Cyprus with no robbing the money of the people of Cyprus, is after all private money, okay the Russian money is seen as hot, even dirty, but that is what currency and banking laws are for, to prevent dirty money becoming clean.  If your the Government of Cyprus you will take almost any deal from Russia that does not mean that it has to steal the money of its own people.    Interesting days ahead folks. 

Stealing your Money - Cyprus Savers - EU

Telegraph: Reports the following from EU on Cyprus, " European finance ministers have urged Cyprus to exempt small savers from a planned tax on bank deposits after the prospect panicked markets and prompted a Russian threat to withdraw financial aid. ".

Lets Get Real:

Thus folks it has finally happened, the Euro is forcing a Country to steal the hard earned money of its savers and the Russians.   Think about this folks, a EU Country is planning to raid the savings of its people, if this happens in Cyprus expect this model to be followed in other Countries that ask for a bailout.  One can see the PIIGS sooner or later asking for another bailout, the exception being Ireland, they seem to have gotten their house in order, and are back on the bond market.   The rest it can be argued will need some form of bailout in the future, thus savers in Italy, Spain can expect to have their money stolen sometime in the future.   The really rich will have gotten their money out already, thus it will be the Middle Class and the real poor that will get shafted by the the EU and the Euro.    One can a bank run on Thursday in Cyprus, the people if they have a brain will get ALL their money out, thus Cyprus will need extra funds from the EU, what else will Germany ask for, will the demand the mineral rights for Cyprus, will Cyprus have to become a economic colony of Germany, you argue that is out there, what about stealing the savings of the people of Cyprus. 

The Joke that is Italian Politics - Italian General Election

Guardian: Reports the following on projections from the Italian Election, " Earliest projections show Silvio Berlusconi's centre-right coalition just ahead in Senate, contradicting exit polls ". 

Lets Get Real: 

Thus Mr Berlusconi has bounced back, the man has more political lives than a Time Lord, so Italian political system will be like the US, while in Italy it looks like the Berlusconi Party will have a narrow lead in the Senate, in the US the Republicans hold the House, thus the present budget crisis.  It was reported that if the results come out as expected, that the left take the lower House of Parliament and form they Government they will find it difficult to get their agenda passed the Senate.   Thus Italy will be back in the spotlight, expect the Italian markets to take a hit, and expect the new Italian Government to ask for a further bailout and less of austerity.  Thus the joke that is Italian politics carries on, what would Augustus say, look down in sadness would be the guess folks. 

Bulgarian Government FALLS - EU

Telegraph: Reports that the Bulgarian Government has fallen due to " ..rising prices, a stagnant economy and widespread corruption. ". 

Lets Get Real: 

Thus folks Western and Eastern Europe has a common disease, a stagnant economy, a growing youth unemployment, as those on welfare see the cost of living go up, and of course the pillars of a State are seen as corrupt, only helping the rich while the Middle Class and the poor as shafted every which you can think off, thus the solution folks.  It easy folks, the EU has to get rid of the Euro, the currency is killing Europe, it only helps the Germans, and the Germans are getting sick and tired of bailing out sick Countries of Europe.   President Hollande of France has gone to attack the rich, a 75% tax rate, even the French Courts threw that out, the Obama Administration just wants to raise taxes, never cut welfare.   The West has to bite the bullet and slash welfare, not just cut but really slash, enforce that you can not retire in till your 75 to 80 for men and women.   Even after you retire you only get full benefits if your at the bottom, if you well off you have to pay for health etc, the young, those between 18-25 should not get any welfare AT ALL, of course there are exceptions, but they should be narrow and limited.   The Welfare State is killing the Democratic West folks, it could be the 1930s all over again, this time there might be no  FDR, Churchill. 

Greek Violent Protests - Greece

Guardian Live - Euro: Reports in its 1.13pm post that Greek Police have used teargas to break up Greek protests. 

Lets Get Real: 

This blog supports peaceful protests against any Government policy, but once a protest turn violent the Police should read the Riot Act and go in hard, a Democracy can only work if those that use their rights behave, a Democratic State can not be threatened by the mob, it seems from reports that Greece has been bought to a HALT.   The Greek people had a choice in their recent election, between accepting the austerity package as demanded by the EU or getting out of the Euro, they chose the political parties that support Greece being in the Euro, thus those that try to overthrow the democratic will of the people through violent have to be taken in by the Police and give a tough stint in jail.    The Germans will not keep bailing out Greece if Greece decides it does not like the strong medicine, why should the German tax payer pay for the out of control welfare of Greece.    It is time for the Greeks to look at Classic Greece, the givers of Democracy and understand that with a vote comes results, those results can not be over turned by violence and the break down of law and order.    Police be tough but fair, Greece is under threat. 

When a General Strike FAILS - Greece

BBC News: Reports on how the 20th General Strikes in Greece have failed to stop the austerity agenda of the Greek Government, this had lead to Budget Cuts and tax hikes.

Lets Get Real: 

As long as the Greek Government keeps to the idea that it has to stay in the Euro then the Greek people will suffer, the glue that is keeping the Greek Government to the Euro is the Greek Elite, the real people of Greece would suffer short term pain if they left the Euro but could see light at the end of the tunnel, at this rate the Greek people will be walked in to the earth of Greece.  One has to ask how the Classic Greeks would view this, a Greece on its back, a economic slave of the EU, at least classic Greece had Rome, a real Empire, and Augustus was seen as a God, not the EU folks.   Poor Greece. 

EU Budget PT2

Guardian: Reports the following on the EU Budget Deal, " after a marathon 25-and-a-half hour negotiation session in Brussels, that will lead to the first cut in EU spending in its 56-year history. ".

Lets Get Real:

Thus folks PM David Cameron has shown that he can be tough with the EU, his right wing backbench MP's will be happy, as the left wing Guardian notes this is the first budget cut in the EU's history.  One would think it would happened sooner.  The PIIGS will not be happy, this will mean that they will have to cut further in welfare spending, one wonders how more they can raise taxes without these Countries finding that they have to beg the rich to come back, the French richer are doing a runner, President Hollande thinks if you just tax the rich that this will solve all your problems, its rubbish but the French left wing elite follows this line, those that are rich leave and going to live in abroad, one of the biggest French colonies is London, they even have their own French MP.  Typical French.   The French voters have to smell the TEA, this blog has to explain once to a Parisian what TEA was, yes folks, they are that resistance to the UK culture and the real world.   If the EU wants the UK to stay in the EU it has to give powers back to the UK Parliament, the EU Parliament with its threat to block this deal is secret has shown itself to be undemocratic and not living in the real world.   This has been a good day for PM David Cameron. 

Greece and the EU

BBC News: Reports that Antonis Samaras the Greek PM has asked for a two year breathing space from the EU when it comes to the austerity package for Greece.

Lets Get Real:

The German Government for its own future would be MAD to agree to any more Greek requests, what ever the Greeks promise when it comes to reform it will not happen, they are playing the clock, they idea being the longer the EU does not throw Greece out then it will be harder when the times comes. The Greek public sector is to powerful, there are political and union interests in slowing down the process, the Germans should say we tried, the Greeks have failed, and do not let the door hit you on the way out. This Greek economic crisis seems like a Time Loop, never ending, the same issue, the same problems and no resolution just endless political fudges. The Greek gift is the destruction of the Euro, time to bite the head of the snake and smash that Greek gift.

Greece and the EU

Guardian Live - Greece: Reports in its 11.44am post that the Greek PM Antonis Samaras " is expected to present his case for Greece's financial programme to be relaxed next Friday, August 24, to Angela Merkel in Berlin ".

Lets Get Real.

There is an old saying folks, beware of Greeks bearing gifts, if I was Chancellor Merkel I would keep my purse close, the Greeks are after German Euros again. The Germans have to be firm, they have to say NO, if the French and the IMF want to bailout the Greeks, that is great, one can guess that the French taxpayer wont mind throwing their tax Euros down the Greek toilet, just to keep the EU happy, also the Countries that give to the IMF will be pleased that this another Greek bailout. Lets see folks.

Germany on Greece - Eurozone Crisis

Telegraph Live - Greece: Reports in its 11.49am post that Germany is standing firm on the previous agreed plan with Greece when it comes to the bailouts. Thus no extension of the austerity plan.

Lets Get Real:

Thus folks Chancellor Merkel faces her own elections quite soon, the German taxpayer as compared to the Greeks actually pay taxes, they are not best pleased that they are seeing their money going down the drain of the Greek State. This blog would not be that shocked to see Germany cut Greece off, it seems from reports from Greece that none of the agreed State assets have been sold, or even plans. The welfare and public sector is to powerful in Greece, there is resistance to such drastic moves. The Berlin might decide that enough is enough, that Italy and Spain have to be protected first, Spain looks like asking for Sovereign bailout in the near future, how far will be Italy behind them, thus folks Greece the birthplace of Democracy will have to thrown to the wolves, and it will be by the Germans, that is not new for the Germans.

Greece on the Edge - Eurozone Crisis

Daily Mail: Reports that the Greek PM Antonis Samaras is meeting the troika of the EU/IMF/ECB to persuade them to give Greece the final part of the bailout agreed between Greece and the EU.

Lets Get Real:

The Germans are worried that they are going to be conned again, they give the green light to the bailout then Greece comes back later and asks for money money, also the Germans are worried that the Spanish will be next with their begging bowl, and if you include Italy that would cost trillions. It can be argued that Germany is looking for a reason to kick Greece out of the Euro, the lack of reforms in Greece could be the perfect reason. If the troika gives Greece this final part of the bailout it can be postulated that Berlin is hoping it will work, in betting terms folks that is betting on long odds. The Greeks will never reform, they know that the Berlin is scared of the effects of a Greek exit, thus the view from Athens is that they have the Germans over a barrel, the problem is that the German tax payer has had enough, all politics is local folks, at the end of the day German politicians might have no choice but to cut Greece adrift, lets see who has the best poker hand folks.

Greece and the EU

Guardian: Reports on the reaction of the Troika; EU/IMF/ECB; on their latest visit to Greece, the article notes the following, " ..warned that Greece had failed to keep to the deficit reduction plan agreed earlier this year. ".

Lets Get Real:

The Germans see Greece as a toilet for THEIR money, an endless flushing of German tax payer money down the toilet. The Greeks will NEVER reform, in their heart of hearts they think that the Germans will always bail them out, if it was only Greece they might have a point, but Spain and Italy are on the horizon, at the end of the day Greece can be chopped off, it will be painful but the EU will go on, if Spain and Italy fall its over, the Germans might need all their spare cash to save these two Countries, and folks we are talking in the trillions here, not just billions, the Greeks have become a cancerous pest on the body of the Euro, its time to cut them off, the EU has tried to save them, but it can not be done, just will not happen, Greece is set for a depression that will last for years if not decades, that is just the TRUTH. Time to move on and deal with the Spain and Italy, you lose some battles in a War, the War is Spain and Italy.

Spanish Update - Eurozone Crisis

BBC News: Reports that the cost of Spanish bonds reached 7.57% today, a new high.

Lets Get Real:

Folks if this blog had the money it would bet against Spain, it has the debt from the banks, its has the debts from the regional government, its has the tough and harsh austerity package of the central Government. In other words Spain is going down, it will join the PIGS in getting a bailout, the next to fall will be Italy. The Market is making it clear that the Spanish Government is not realistic when it comes to the economic future of Spain, they are in denial about the TRUTH, Spain is in the toilet, the expected Greek exit after August could be the final push for Spain and Italy to take a bailout, it has to be done soon or they could take the Euro down, even the EU could come under threat. This blog expects a bad week on the Markets folks, Spain has a economic target on its head, someone somewhere will be making money at the expense of Spain, that is the real world folks.

Greece and the Bond Market

Telegraph Live - Euro: Reports the following on Greece in its 11.50am post, " ..not receive its next bail-out tranche until September at the earliest.....bonds totalling €3.1bn will mature on August 20....The delay means Athens could be forced to raise money on the debt markets to repay them - at a very high cost. ".

Lets Get Real:

In other words folks the Greek people are being hung out to dry, they have voted for austerity and Germany has had enough, it can be postulated that the Troika will state that Greece has failed to meet its agreements with the Euro when it comes to austerity, thus Greece is in breach, the Germans will be happy, they want Greece out of the Euro. The recent Greek election is in way went the wrong way for Germany, a pro austerity Government was formed but it has not meed the the benchmarks of the EU deal. The Greeks are a open wound, they just want more and more money, and the the German taxpayer has to worry about about Spain and Italy. Thus Greece is a goner folks, its a dead man walking, its just the Athens Government does not know its extinct.