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OUT OF MIND » THE INSANITY OF REALITY » GLOBAL FINANCIAL COLLAPSE » Central Bank of Cyprus Ordered all National Banks to Close!*

Central Bank of Cyprus Ordered all National Banks to Close!*

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PurpleSkyz

PurpleSkyz
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Central Bank of Cyprus Ordered all National Banks to Close!*





Posted by nesaraaustralia ⋅ March 19, 2013 ⋅ 1 Comment




Filed Under economy, politics


Within two weeks of the invasion of Libya, the independent
central bank was established to re-align with the global central banking
system, which not only oversees all domestic transactions, but
facilitates the one way flow of domestic and international wealth from
the bottom up with the 99% providing the 1% with the bulk of the wealth.
There is no greater demonstration of this than the EU finance ministers
agreeing on Saturday 16th March 2013 to tax the deposits in Cyprus to
finance a 10 billion-euro ($13 billion) bailout. The push towards a
cashless society is supposed to accelerate this method of ‘liberating’
our hard earned money.

At the same time, it is proof that global governance has gotten the
world into the kind of fix that they do not have the credentials to
resolve!

The Central Bank of Cyprus has ordered all national banks to suspend
operations at both domestic and foreign offices, a Cypriot news website
reported on Sunday.

Cypriot website 24h said it has obtained a confidential Central Bank
letter calling on Cypriot banks on Saturday to stop all form of payments
from their accounts, even those that were from one account at the bank
to another.

The measure, which Cypriot media said is a “blow to the country’s
banking system,” comes after EU finance ministers agreed on Saturday to
tax deposits in Cyprus as part of the extraordinary 10 billion-euro ($13
billion) bailout.

Debt-laden Cyprus has been forced to impose a levy of 6.75 percent on
deposits of less than 100,000 euros and 9.9 percent on deposits with
greater sums. Cypriots reacted with shock and rushed to banks’ cash
machines that refused to release cash.

Cypriot President Nicos Anastasiades said he had to choose between
the “catastrophic scenario of disorderly bankruptcy or the scenario of a
painful but controlled management of the crisis”. He said those who
keep deposits in Cypriot banks for two years will get half of the value
of the levy in securitized gas revenues.

Cyprus’s debt crisis puts at risk Russian businesses, which have
strong financial ties with Cyprus, Moody’s credit-rating agency said on
Wednesday. The report said Russian banks working with the Russian
companies registered in Cyprus, might lose billions of dollars should
the island’s government default on its debt obligations.

Source*

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Royal Bank of Scotland Banking System Crashes!*

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Thanks to: http://nesaraaustralia.com



  

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