Dominos are starting to fall... First Cyprus, now New Zealand

reply to post by OptimusSubprime


This started with us..in Argentina we said NO several times, so they had to kepp the scam going on with another weak countries......till they reched the CEE.
Now it is time to say no, the greeks tried, iceland said NO, Spain is in it´s worst deppression ecer because Rajoy said YES....we tried to warn them, many Argentinias went there after our crisis in 2001, but thwy didn´t heard....their unnemployment reched the 26% of their comunnity...now Cyprus and New Zealand...i hope they can say NO, and keep it saying it where ever you are.
The IMF is the mother of Satan...say no to them!!!

Originally posted by yorkshirelad

Originally posted by jimmiec
This will happen in America. It is just a matter of time. Socialism is great until you run out of other peoples money.

Eh. This has absolutley nothing to do with socialism. This is the failure of capitalism in full view for all to see.

How do you figure that one? This entire mess resulted from big corporations paying politicians to get rid of regulations.....banks and governments around the globe bought into it, spent more money then they could afford on "social programs".

At best this shows how screwed up cronyism can make of things.

Well the U.S. Just increased its federal income tax by 2% on everyone....not just once but forever. So who are the idiots that got REALLY screwed? AND just bent over and begged for more!

Originally posted by OptimusSubprime
It looks like New Zealand is going the way of Cyprus, but it seems that they aren't putting a cap on the confiscation with a determined percentage. Instead NZ will confiscate whatever amount is needed to keep the Bank from going under.

The New Zealand government is reportedly pursuing a policy of Cyprus style depositor haircuts for all future bank failures!

The plan would not limit the haircuts to any percentage, but would steal whatever is necessary from depositors to prop up the failing bank institution: Depositors will overnight have their savings shaved by the amount needed to keep the bank afloat.

The rule of law in the entire Western financial world is apparently vaporizing faster than the spent fuel at Fukushima.

So are they trying to create an international bank run on purpose... or are they that stupid? Probably a little bit of both. This is why I keep just enough money in the bank to pay bills, and any extra is turned into silver and other tangible assets. If you're still in paper, well, good luck with that.


Link to story

Link to original story from NZ

Hopefully this won't cause a disruption in the next Hobbit movie

So right AFTER someone creates an FDIC in reverse; the deposits guarantee the bank -- then I suppose you make the bank collapse inevitable. Risky investments for high growth, coupled with compensation if you fail.

Exactly why is anyone not using the convenient and safer "mattress income storage" technique? Sure you don't get that awesome .4% interest that is of course taxed as if it even made up for the bank fees that seem to find new things to charge for each year -- for some reason those are considered SERVICES and not LOSSES on your investment -- but whatever.

This just cements the position of Private Banking as; "most useless thing ever." Why are these not state run?
If you don't need a loan, they'll give you one for about the rates of a loan shark.
If they lose your money, perhaps by diverting funds or investing like drunken bankers (sorry, I was at a loss for words for fiscal irresponsibility; Pirates bury their treasure and usually only rob people in boats).
If they "win" more money, they buy candidates and pool the money, and create more opportunities for money, rather than people who work.
After all this, they get to walk around as if they weren't parasites and a threat to humanity. Like Monsanto. Or head lice.

NZ at least has a lot of undeveloped land that it can use to be self sustaining and the people are a bit calmer so I feel they will fair well in the event of a global financial collapse. Not like us in the US who let Monsanto members run the FDA, and tried to make it illegal for us to grow and share our own food.

Im sure Australian Government [Tax payers] will bail them out ,all their unemployed have already moved to Australia ,so i wouldnt panic ,the Labor Government loves to p..ss away taxpayers money like there is no toomorrow .................................................in foreign ''aid'' which mostly goes into the back pockets of corrupt foreign Governments like Indonesia etc

Originally posted by OptimusSubprime
If you're still in paper, well, good luck with that.

No surprises on this. I suppose you've got to get rid of the old before the new can make its triumphant entrance. For the record I don't see this as being a collapse that was planned by man, but it was man-made. What I mean is that collapse is the natural result of our misguided attempts to quantify the contributions of others. Human life is invaluable, but we tried to place a value upon it. A concept based upon false pretenses cannot stand.

reply to post by OptimusSubprime


I think it was said the dominos were beginning to fall sometime last year.

reply to post by OptimusSubprime

and who will be the next? spain maybe or portugal

reply to post by mklaus1964


it seems to me ..hm, something like butterfly effect. first greece, than cyprus. this wave can spoil all the europe

Originally posted by AkumaStreak

Originally posted by solongandgoodnight
reply to post by FissionSurplus

 

could not agree more. glad to know there's someone close to me in texas with half a brain.

Um. Was that supposed to be a compliment?

after i posted that i thought oops! that did not really come out like i intended! story of my life!

Originally posted by jimmiec
This will happen in America. It is just a matter of time. Socialism is great until you run out of other peoples money.

Not while you have guns...oh, wait a minute...!

These are test runs to see how the peoples of smaller nations react so they can modify the process before doing to the rest of us.

Give'm an inch and they'll take a yard

What a load of BS.

1/ yes the NZ Govt is considering the possibility of having this, to say it is "policy" is a gross overstatement - dishonest even. It is one of a couple of possibilties.

2/ New Zealand is not in any kind of financial crisis a la Cyprus - not even close - the Govt is even close to running a surplus.

3/ No there is not a lot of "undeveloped land" in New Zealand - any land that can be farmed is being farmed

4/ flat screen TV's are cheaper now than every before

reply to post by Aloysius the Gaul


The fact they even consider this a possibility is shocking.

All I can say as soon as I hear a hint of this in my country I am done playing the game.

Originally posted by MidnightTide
reply to post by Aloysius the Gaul

 

The fact they even consider this a possibility is shocking.

someone has to pay when banks collapse - it would be totally remiss of any governemtn to fail to consider the various permutations as to who that will be.

All I can say as soon as I hear a hint of this in my country I am done playing the game.

What game would that be?

Originally posted by Aloysius the Gaul
2/ New Zealand is not in any kind of financial crisis a la Cyprus - not even close - the Govt is even close to running a surplus.

With respect, why then are they even considering it?

Why is has the media been made aware if it is so unlikely?

My feeling is that these things are leaked, or the media is made aware in order to gage public reaction.

Maybe not, but if so then it suggest the initiation of such a plan is not because they need to do it, but because they can do it.

Those who benefit from such things, whether they be the Bilderbergers, or other various profiteers may be testing the market place for a potential increase in their stock.

Originally posted by Aloysius the Gaul

Originally posted by MidnightTide
reply to post by Aloysius the Gaul

 

The fact they even consider this a possibility is shocking.

someone has to pay when banks collapse - it would be totally remiss of any governemtn to fail to consider the various permutations as to who that will be.

All I can say as soon as I hear a hint of this in my country I am done playing the game.

What game would that be?

LOL

Failing to consider the various permutations you say. I guess they had a bad day when they got rid of the regulations that allow banks to play with our money, insured by the government of course.

I do not trust the government to work in my, or the peoples best interest.


The game is going along with the illusion that everything is ok, things are falling apart faster and faster year after year.

Satan is the god (small gee) of this world and is behind everything. Satan's greatest achievement was convincing the world that he doesn't exist.

There is only one way out and the door is CLOSING SOON.

Repent of your sins and believe on Jesus Christ and start obeying his commandments TODAY:

John 14:6 Jesus saith unto him, I am the way, the truth, and the life: no man cometh unto the Father, but by me.

Get yourself a King James bible and get busy.......the time is at hand.

Originally posted by MidnightTide
Failing to consider the various permutations you say. I guess they had a bad day when they got rid of the regulations that allow banks to play with our money, insured by the government of course.

"insured by eth govt" means "insured by the taxpayer" - that is certainly 1 permutation.

I do not trust the government to work in my, or the peoples best interest.

But you trust banks to do so? Or who??

this isnt' a matter of trust - this is a matter of who pays for failure.

The game is going along with the illusion that everything is ok, things are falling apart faster and faster year after year.

Why on earth would you play a stupid game like that in the first place? If you are an intelligent person you should be looknig at the situation on a regular basis and making adjustments as required.