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Thursday, March 28, 2013

Cyprus Readies Capital Controls to Avert Bank Run

Cyprus is finalizing capital control measures to prevent a run on the banks by depositors anxious about their savings after the country agreed to a painful rescue package with international lenders.
Cypriots have taken to the streets of Nicosia in their thousands to protest against a bailout deal they fear will push their country into an economic slump and cost many their jobs.
European leaders said the deal averted a chaotic national bankruptcy that might have forced Cyprus out of the euro.
With banks due to reopen Thursday, Finance Minister Michael Sarris said he expected the control measures to be ready by noon on Wednesday: "I think they will be within the realms of reason," he said, without going into details.

The Game Will End Quite Suddenly – All That Will Be Left is the Real Wealth That You Have in Your Friends, Skills, and Assets

Pic De jour


WWIII Coming to a Place Near You Soon

USA Land Of The Free?: A Nation of Inmates? 5% of the World's Population Yet 25% of its Prison Population

There are more prisoners in the US than any other nation in the world!
The country makes up five percent of the world’s population, but accounts for 25 percent of its prison population. And over the last three decades the number held in US federal prisons has jumped by nearly 80 percent.
The number of inmates in US federal prisons has increased from about 25,000 in 1980 to 219,000 in 2012, according to a report by the US Congressional Research Service.


Quote De Jour

"This focus on money and power may do wonders in the marketplace, but it creates a tremendous crisis in our society. People who have spent all day learning how to sell themselves and to manipulate others are in no position to form lasting friendships or intimate relationships... Many Americans hunger for a different kind of society -- one based on principles of caring, ethical and spiritual sensitivity, and communal solidarity. Their need for meaning is just as intense as their need for economic security."  - Michael Lerner, editor of Tikkun magazine