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March 17, 2013
Europe Recoils In Shock After Bankster Raid, US Warned Is Next
By: Sorcha Faal, and as reported to her Western Subscribers
A truly grim Ministry of Finance (MOF) report circulating in the Kremlin today says that a state of “horror and shock” has descended upon the European Union this weekend after the unprecedented announcement that all of the bank depositors in Cyprus will be forced to give up a percentage of their savings in order to bailout their EU bankster overlords.
According to this report, EU officials demanded on Saturday that Cypriot
savers pay up to 10 percent of their savings deposits as a condition for the
€10 billion ($13 billion) bailout of their banking system. Newly elected
Cypriot President Nicos Anastasiades, according
to Western news sources, stated that refusing the bailout would lead to the
collapse of the island's two largest banks, badly singed by their exposure to
The highly respected Zerohedge.com
financial paper in reporting on this shocking theft, and the ensuing chaos it
has brought to
“Late last night, after markets closed for the weekend, following an extended discussion the European finance ministers announced their "bailout" solution for Russian oligarch depositor-haven Cyprus: a €13 billion bailout (Europe's fifth) with a huge twist: the implementation of what has been the biggest taboo in European bailouts to date - the impairment of depositors, and a fresh, full blown escalation in the status quo's war against savers everywhere.
Aside from ordinary Cypriot’s, this MOF report says, the “main target” of this shocking EU theft appears to be Russian banks who had between €23-31 billion ($30-$40 billion) in cross-border loans to Cypriot companies tied to Moscow and around €9 billion ($12 billion) on deposit with Cypriot banks at the end of last year.
Cyprus is officially the third largest foreign investor in the Russian economy with most of its foreign direct investments coming from Russian capitals hidden offshore for tax and legal protection purposes, but which pales in comparison to the €127 billion ($166 billion) being kept in similar circumstances by 60 of the United States largest corporations in offshore accounts to avoid paying American taxes.
While worried Cypriot investors have been queuing outside banks this weekend
to withdraw their savings from cash machines, this report continues,
British Chancellor of the Exchequer George Osborne said earlier today that
The Washington Post news service in their article titled “Why Today’s Cyprus Bailout Could Be The Start Of The Next Financial Crisis” further warns:
Aside from all Europeans savings accounts now being threatened, this MOF report says, the American people are, perhaps, those in the greatest danger of this happening to them as Forbes financial magazine warned in their 29 December 2012 article “Watch Out: Your 401(k) Is Being Targeted” that “Washington has a bull’s-eye on every American’s 401(k).”
A 401(k) account is the common name in the
Even worse for the American people, this report says, was the Obama regime revealing its shocking plan this past week to give all US spy agencies full access to a massive database that contains financial data on their citizens so even more monies can be plundered from these already economically weary peoples.
And in a stunning admission for a nation that has locked up and jailed more of its citizens than any other country in history, US Attorney General Eric Holder, in testimony before the US Senate Judiciary Committee last week, admitted that the Obama regime is unable to prosecute American bankers for their crimes, and stated, “I am concerned that the size of some of these institutions becomes so large that it does become difficult for us to prosecute them, when we are hit with indications that if we do prosecute—if we do bring a criminal charge—it will have a negative impact on the national economy, perhaps even the world economy…”
Top US Federal Reserve official Richard Fisher echoed Attorney General Holder’s concerns yesterday and further stated that “The largest U.S. banks are "practitioners of crony capitalism," [and] need to be broken up to ensure they are no longer considered too big to fail, and continue to threaten financial stability.”
Above all, this MOF report concludes, and applying to both Europeans and Americans alike, the events in Cyprus this weekend “prove conclusively” that the entire Western banking system is beyond repair and irretrievable corrupt as it can no longer protect its depositors monies from theft…and theft of the worst kind…from those whom these ordinary people have entrusted their life savings and personal wealth to in order to protect it in the first place.
March 17, 2012 © EU and US all rights reserved. Permission to use this report in its entirety is granted under the condition it is linked back to its original source at WhatDoesItMean.Com. Freebase content licensed under CC-BY and GFDL.
[Ed. Note: Western governments and their intelligence services actively campaign against the information found in these reports so as not to alarm their citizens about the many catastrophic Earth changes and events to come, a stance that the Sisters of Sorcha Faal strongly disagrees with in believing that it is every human beings right to know the truth. Due to our missions conflicts with that of those governments, the responses of their ‘agents’ against us has been a longstanding misinformation/misdirection campaign designed to discredit and which is addressed in the report “Who Is Sorcha Faal?”.]