International Bankster Enslavement Plan Revealed to Cyprus; Banks Remain Closed, President InvestigatesThis is the latest update in Cyprus bank raid series chronicled below It was anticipated that the weekend could bring finalized plans for how Cyprus would be dealt with by the Troika and parliament. The central problem that had revealed itself in the wake of the original indefinite bank holiday and subsequent ATM drain and protests, was how to stop capital flight when banks reopen, as well as a more widespread bank run across the Eurozone as trust in the banking system verges on collapse. The two largest banks in Cyprus saw the imposition of ATM withdrawal limits, which declined from 260 Euros to 100 Euros ahead of projected bank openings tomorrow, Tuesday Sorry, make that Wednesday. Sorry, again, make that Thursday. An urgent statement was originally issued by the Central Bankprior to yet another delay that, For the smooth functioning of the entire banking system, the Finance Minister has decided upon the recommendation of the Governor of the CBC, that all banks remain closed until Wednesday, 27 March 2013 included. The ongoing closure makes this the longest in history. See other closures here. One key indicator for just how orchestrated this has been, and how dangerous the outcome, is that a final deal was supposedly reachedat a dinner with Mario Draghi, Christine Lagarde, Herman Van Rompuy, and Jos Manuel Barroso essentially the Four Horsemen of economic apocalypse. The new decision has been made to honor those who were insured up to 100,000 Euros (as if it is some sort of gift), but to steal around 30% of the money of depositors at the Bank of Cyprus, and all of the money for the uninsured of Cyprus Popular bank Even worse is the fact that a final deal was thought to hinge upon a vote by parliament, but as ZeroHedge notes: The deal is being welcomed by Eurozone finance ministers, naturally. On the surface it might seem that only a group of heavy investors will take the hit and that the common man has been saved, but even German Finance Minister, Wolfgang Schaeuble, had to admit that,Cyprus faces a long, difficult path to rebuild its economy, but claimed that the deal reached in Brussels offers the country the best chance of getting back on its feet. (Source) German Chancellor Angela Merkel was thrilled as wellthat the deal was right for Cyprus because it ensured that those who contributed to the crisis were required to pay towards its resolution. These words should be anything but comforting coming from a system of centralized control. The IMF in particular has been responsible for freeing exactly zero countries from any type of economic turmoil, but are specialists at introducing and exacerbating systems of long-term economic enslavement . . . see Argentinaand Jamaica. The IMF (a.k.a financial terrorists) absolutely loves crisis and is always positioned to capitalize through austerity and Soviet-style governance. Meanwhile, in Cyprus, bank employees and the general public alikewait for banks to reopenin order to assess the damage. Apparently no one knows how much money might already have fled Cypriot banks, since branches in London and Russia did not close or impose financial restrictions. And, as further proof of what a great deal Cyprus is getting, word was issued by the Dutch finance minister that Cyprusrepresents a new template for resolving euro zone banking problems.However, after markets responded to that possible reality and the Euro dropped precipitously, Dijsselbloem retracted his statements. Although it might say retraction, take a look at the full transcript of what he previously said. The market certainly knows what he said, and here is its clear answer: These are the people in control who are supposed to lead us into a prosperous future? And for those who might discount the words of Dijsslebloem, please view this must-see video by Charlie McGrath highlighting Dijsslebloems role in the unaccountable private bailout fund called the European Stability Mechanism. President Anastasiades announced today thathe has launched an investigationinto who brought about this economic crisis. Since he has stated that leaving the Euro is not the answer, does anyone believe that he will instruct the spotlight to shine on those mentioned above? As an aside: we should also pay close attention to rhetoric coming from the United States, as Cyprus will be cited as a microcosm of a larger problem in dire need of a solution. Well-known economist and New York Times columnist, Paul Krugman, is highlighting the potential effectiveness of government intervention through Cross Money Controls. Because the world economy just continues to improve as governments increase their oversight and control of our money. Right? _______________________________________________________________________________ Previous Update from 3-24: The Cyprus parliament and the Troika agreed today on a deal to steal billions to bailout the insolvent banks in Cyprus to prevent a feared bankruptcy, and details of yesterdays 9 bills on capital controls also started to emerge. Both are even worse for financial freedom than previously thought. Taking advantage of the populist outrage against the initial plan to raid everyones bank accounts to pay for private bank failures, the autocrats decided they would raid up to 20% from wealthy depositors with over100,000 at the Bank of Cyprus and 4% at other banks. Simultaneously, the plan would nationalize pensions of average citizens which are, for the moment, safe from the heist. Russia Today reports: All this because the Bank of Cyprus capital was supposedly wiped out by their forced investments of Greek debt during their bailout phase. How are everyday citizens and foreign depositors to blame for this scenario? How can they call it a tax when the money goes directly to banks instead of helping the nation? It seems the Troika is waging a successful class warfare propaganda battle against the Cypriot people and parliament. They have made robbing peoples private bank accounts acceptable as long as it only happens to the wealthy. If it was like this, I think it might be quite suitable because it means that the highest deposits will be taxed, saidFinnish Prime Minister Jyrki Katainen. But do average citizens and small depositors make out better in this deal? The Troika and the Cyprus parliament are no longer demanding a fee from average depositors, theyll now take their financial freedom instead by implementing harsh capital controls to keep depositors from moving their money freely, and they took control of pensions. Cyprus news site CBCY.com reports: Do average people think they were going to get off easy negotiating with these power-hungry thieves? Despite the best efforts to trick citizens, protesters seem to fear their pensions being hijacked just as much as their bank accounts be robbed. RT reports: First austerity, now the great bank and pension raid. The saga continues. Stay tuned for updates and see earlier updates below as to how this story unfolded. _______________________________________________________________________________ Previous Update from 3-22: Parliament passed a package of 9 bills, including a restructure of the countrys second largest bank, plus limitations on cash transactions. While specific details are still yet to be released, capital controls are the final stage of looting implemented by the government-banking-oligarchy. It is yet another benchmark set in the forward march toward a complete banking takeover. This weekend is expected to reveal much more about how the Eurozone is going to manage Cyprus, and set a precedent for handling other nations. (Source) For more about what capital controls could look like in America, click HERE. Here is a video showing police in riot gear on the scene: Cyprus Broadcasting Corporation says the following: Meanwhile, President Anastasiades supposedly has a Plan B ready: Recent photos of the protests were posted at ZeroHedge, which you can see HERE.One protester can be seen holding a sign that says, Where is the solidarity? Europe and Russia have rejected a bailout as we head into the weekend ATMs in Cyprus have been all but drained, electronic transfers were halted, and riots ensued following a decision by European Union chiefs to raid private savings accounts to help pay for the countrys $13 billion bailout. It was believed that there were plans to stretch a bank holiday to at least one week, while the exact measures 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. Sure enough, much like the U.S. Federal Reserve threatened martial law and blood in the streets if Congress didnt accept sweeping bailouts in 2008, now Germany is saying that Cypriot banks might never reopen after parliaments decision: There is extreme worry that if the banks do reopen, capital flight is all but assured. Meanwhile, similar confiscation schemes are being proposed for Italy and New Zealand (more on that below), spurring questions about which other nations are in line for a haircut . . . perhaps better called the chopping block. Whether or not Cyprus gets its bailout in one form or another perhaps from Russia this is a precedent-setting crisis that is already leading to such a level of distrust in Cyprus that merchants are even refusing credit card payments. This is indeed shaping up to be a potential Lehman Brothers Moment with ramifications that could extend even beyond the troubled nations of Europe. Reutersreported at the beginning of this crisis that, The New York Times added: Britain has 60,000 depositors in Cypriot banks, including thousands of military and government personnel stationed on the island. George Osborne highlighted that Cypriot banks in England would not be subjected to the tax (originally proposed at 6.75% for accounts under 100,000 Euros; 9.9% for those over 100,000), but expat depositors apparently will government and military excluded: The tax is being justified as a last-ditch effort to raise money and keep Cyprus from supposedly causing a domino effect across the Eurozone as indebted nations begin to collapse. Cyprus had set itself up as a strong banking center for investors, but many are outraged over Anastasiades about-face: ZeroHedge reports that it is those rich Russians who could wind up angriest. Eurogroup had suggested that depositors under 100,000 euros should maintain their insurance against such a scheme, but it is possible that larger depositors will absorb their percentage by moving the top percentage tax to 15.6%. Many speculated that the heavy Russian investment in the Cyprus banking system would spur Russia to be the bailout lender of choice, but as of today, 3/22, that appears not to be the case. Europe and Russia both have rejected that possibility before Parliament even voted, as ZeroHedge outlines: And, as ZeroHedge goes on to note, there are wide implications for European-Russian political and economic relations: ____________________ Cyprus is now the fifth country seeking a bailout, but the extraordinarily high depositor tax is unprecedented. Eurozone citizens and outside investors might not see the tax as the confidence-inspiring measure that government asserts it to be. Rather, citizens everywhere will view it as a clear signal that other governments are ready to follow suit and are extremely unclear about who will ultimately be affected, thus destroying confidence in the entire banking system. The Russian billionaire angle might be used to forestall more widespread outrage, but it is still new ground to go directly after depositors and not all affected depositors will be Russian billionaires, especially at a starting point of 20,000 euros. This is theft, pure and simple, one pensioner told Reuters. Yes it is. And heres some colorful commentary about this: A final vote from Cyprus parliament has been postponed several times, and now appears to be set for 9 AM Wednesday. Arm twisting by banksters continues to work toward the necessary 33% approval to solidify wealth confiscation. The latest poll shows that 71% of Cypriots want to reject the scheme. Follow #Cyprus depositors as they vent their fury through social media: And for those who believe that something like this could not happen throughout Europe, or even in the United States, Tyler Durden of ZeroHedge posits that the Rubicon has been crossed and wealth taxation is a topic that is likely to grow in popularity among banking oligarchs. Although in the U.S. wealth taxation might take a slightly different form than what is being proposed for Cyprus. In fact, this type of asset taxation is already being proposed for Italy, as stated by Commerzbanks chief economist, Jrg Krmer : New Zealand is also considering a Cyprus-like solution for their bank failures. One thing is for certain, banksters and their government partners are in no position to earn anyones trust. This post has been updated, 3/26. Other sources: Read other articles by selfnews Post Here 