New Zealand Plans Cyprus-Style Bank Confiscations

"Is it coincidence or something more? Globalists that are trying to create an international monetary solution often implement programs in various countries at once. The question arises as to whether Money Power itself – the banking entities and those behind them that control a good deal of the world's wealth – have decided to 'send a message' about the relationship between citizens and their banks. Cyprus and New Zealand are well down this road. Is a message being sent to savers? Is this going to become the new normal in the West?" Continue reading

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Supreme Court rules ‘first sale doctrine’ applies to lawful copies of a copyrighted work

"The US Supreme Court sided Tuesday with a former Thai student who made $90,000 reselling text books bought abroad and sparked a copyright row with a publisher. Supap Kirtsaeng, who arrived in the United States in 1997 to study math at the University of Southern California on a scholarship, had asked his friends and family to buy the books, published by John Wiley & Sons, which were cheaper back home. John Wiley & Sons filed a complaint in 2008 alleging illegal importation and resale without the payment of exclusive distribution rights protected by copyright. Lower courts had sided with the publisher, imposing a $600,000 fine on Kirtsaeng." Continue reading

Continue ReadingSupreme Court rules ‘first sale doctrine’ applies to lawful copies of a copyrighted work

IMF Chief Christine Lagarde’s Flat Raided Over French ‘Payout’ Probe

"Police are investigating claims that Lagarde, when French Finance Minister under Nicolas Sarkozy, acted illegally in approving the €285m arbitration payout to Bernard Tapie. Lagarde denies any wrongdoing. It was conducted a day after France's budget minister resigned after being targeted in a tax fraud inquiry. Socialist President Francois Hollande came to power last May vowing to crack down on the cozy relationships between politicians and businessmen he said were rife under Sarkozy. Lagarde was in Frankfurt and not in her Paris flat at the time of the search, a spokesman for the IMF chief said." Continue reading

Continue ReadingIMF Chief Christine Lagarde’s Flat Raided Over French ‘Payout’ Probe

U.S. complains about ‘excessive’ business class travel by UN staff

"The United States is taking aim at 'excessive' business class air travel by UN staff as it presses a campaign to restrain the global body’s multi-billion dollar budget. The United Nations spent at least $769 million of its general budget of more than $5 billion in 2010-11 on moving officials and staff around the world, according to UN figures. The peacekeeping department, which has its own budget, spent another $200 million. Some $54 million of the $74 million of air tickets bought at the main headquarters in New York and Geneva were business class. Diplomats say the figure is probably much higher as no clear figures have been given." Continue reading

Continue ReadingU.S. complains about ‘excessive’ business class travel by UN staff

UN official tells US to stop drone strikes

"With America's drone capabilities expanding, the United Nations has stepped in and is demanding the US stop conducting unmanned airstrikes in Pakistan. The UN is calling the drone program a violation of the country's sovereignty and the attacks are being carried out without the consent of the people of Pakistan." Continue reading

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Cyprus Parliament: “Stuff It, Eurocreeps!”

"This is a major setback for the New World Order in Europe. They are barely holding the Eurozone together with promises and fiat money. The voters in tiny Cyprus have called their bluff. Let’s see what they come up with now. Let’s see how they prevent the bank run that their policies triggered. They all seem so clever. But this time, a national parliament has called their bluff. Where is their power now? What rabbit will they pull out of a hat this time?" Continue reading

Continue ReadingCyprus Parliament: “Stuff It, Eurocreeps!”

The Head of the Cyprus Central Bank is Named Panicos (Panic Us).

"Now the government must open the banks’ doors with no bailout from the EuroGroup, the officially unnamed group of eurozone finance ministers. Cypriots will be able to pull euro currency out of the banks. That will force the Cypriot banks to sell assets. Their value will fall. They will not be able to cover these losses for long — a few weeks. Maybe less. Would you keep your money in a banking system that needs a bailout? Wait a minute. You already do. So do I. Cyprus was the first system to get to the edge of the abyss." Continue reading

Continue ReadingThe Head of the Cyprus Central Bank is Named Panicos (Panic Us).

Cyprus rejects bank bill which would have forced people to hand over 10% of their savings

"The euro was plunged into fresh crisis last night as Cyprus flatly rejected plans to raid bank accounts on the debt-ridden island to save its basket-case economy. In a stunning rebuke to European leaders, the Cypriot Parliament voted to reject draconian plans to seize up to 9.9 per cent from the bank accounts of islanders, including 3,000 UK service personnel and 60,000 other Britons who have made their homes there. Not one MP backed the proposal, which the German government had demanded in exchange for backing a fresh bailout for the bankrupt Cypriot economy." Continue reading

Continue ReadingCyprus rejects bank bill which would have forced people to hand over 10% of their savings

Cypriot finance minister says “no truth” to resignation reports

"Cypriot Finance Minister Michael Sarris denied reports on Tuesday that he had resigned, as lawmakers in the troubled euro zone member debated a divisive tax on bank deposits to secure an international bailout. Sarris, who was in Moscow on Tuesday, told Reuters by text message there was 'no truth' to the reports, which had further rattled nerves with lawmakers poised to reject the tax." Continue reading

Continue ReadingCypriot finance minister says “no truth” to resignation reports

Daylight robbery in Cyprus will come to haunt EMU

"The decision to expropriate Cypriot savers – even the poorest – was imposed by Germany, Holland, Finland, Austria, and Slovakia, whose only care at this stage is to assuage bail-out fatigue at home and avoid their own political crises. The EU creditor states have at a single stroke violated the principle that insured EU bank deposits of up $100,000 will be guaranteed come what may, and in doing so they have more or less thrown Portugal under a bus. They appear poised to seize large sums from Russian banks – €1.3bn from state-owned VTB alone, and therefore from the Kremlin." Continue reading

Continue ReadingDaylight robbery in Cyprus will come to haunt EMU