March 16, 2013
— Dave in Texas Of course.
I asked LauraW and DrewM for their analysis of this bold move to save the Cypriot government from bankruptcy.
What could go wrong?RT: @laurww: Ho-lee-shit. businessinsider.com/cyprus-bailoutÂ… There are going to be riots.
— DrewM (@DrewMTips) March 16, 2013
That's pretty good analysis right there. DrewM noted everybody with money in a bank gets an immediate 10% haircut over the weekend (well, those with less than 100,000 euros, and no I'm not looking up that stupid symbol, they only get hammered for 6.75%) but public sector workers are shielded from any cuts to salaries or pensions). His quote "We're to the point where 'the people exist' simply to support the chosen few who selflessly devote themselves to public service."
Yup.
This blogging thing is pretty much a snap when all I do is write what other people say. Easy peasy!
UPDATE: A late Friday announcement after the markets were closed was an attempt to avoid a run on the banks. FAIL.
Course the joke's on them, the funds to pay for the levy were immediately frozen.
HAHAHA. Stupid bank runners.
Posted by: Dave in Texas at
07:34 AM
| Comments (377)
Post contains 201 words, total size 2 kb.
Posted by: Jumbo O'Shrimp Fitzpatrick award winning commenter at March 16, 2013 07:38 AM (DGIjM)
Posted by: BCochran1981 - Credible Hulk at March 16, 2013 07:40 AM (GEICT)
Awesome.
Lesson learned folks. I need to tell the wife the savings account we have for our rainy day fund is just the Government's money.
We might as well spend it now and use credit for the rainy day fund going forward.
Punishing savers once again.
Posted by: tsrblke at March 16, 2013 07:40 AM (GaqMa)
Posted by: Nevergiveup at March 16, 2013 07:41 AM (9Bj8R)
Posted by: garrett at March 16, 2013 07:41 AM (2UEEm)
You cons worry too much. Look, this is an "up-front, one-off" deal. A politician said so. Nobody but a bunch of knuckleheads would rush to pull their money out of those banks when there are currently no plans to do this "up-front, one-off" thing in the future.
Currnetly. No. Plans.
Posted by: spongeworthy at March 16, 2013 07:42 AM (r5w1L)
I wish I knew how to handle all this, but I don't. I have money. I also have debts. My guess is, if they start confiscating money, they're not also going to forgive debts.
Is it time to pay everything off? If not now, when?
Posted by: BurtTC at March 16, 2013 07:43 AM (TOk1P)
Posted by: Anna Puma (+SmuD) at March 16, 2013 07:44 AM (4FmhF)
Posted by: Joejm65 at March 16, 2013 07:44 AM (B8S2R)
Posted by: Hider of inconvenient truth at March 16, 2013 07:45 AM (CypDC)
Posted by: USS Diversity at March 16, 2013 07:45 AM (+bZOu)
Is it time to pay everything off? If not now, when?
Posted by: BurtTC at March 16, 2013 11:43 AM (TOk1P)
Once the money is tied up in assets I imagine they'll start coming for the assets next. You could pretty easily do it by imposing a heavy penalty for conversion of those assets back to cash.
(Obviously a barter based under-economy could spring up, but how do you trade part of your car, or your house?)
What I suspect will happen is an increase in bankruptcy (which comes with it's own problems of course.)
Posted by: tsrblke at March 16, 2013 07:45 AM (GaqMa)
Posted by: Nevergiveup at March 16, 2013 07:45 AM (9Bj8R)
Posted by: President For Life Obama at March 16, 2013 07:46 AM (+GpbP)
As a smart man once said:
Now this is not the end. It is not even the beginning of the end.
But it is, perhaps, the end of the beginning.
Posted by: Lurking Canuck at March 16, 2013 07:47 AM (UASjW)
The Democrats in Congress would love, actually they have talked of it, to 'manage' everyone's 401k savings for them.
Posted by: Anna Puma (+SmuD) at March 16, 2013 07:47 AM (4FmhF)
Posted by: Bruce at March 16, 2013 07:47 AM (OnnN5)
Posted by: USS Diversity at March 16, 2013 11:45 AM (+bZOu)
That's going to be a personal question based on risk tolerance. You don't realize any losses in the market until you actually pull out.
So it could be worth less next month or it could be worth more. Frankly the market isn't reflecting anything based in reality anymore so trying to predict it's movement based on the crappy economy is a futile endeavor.
Posted by: tsrblke at March 16, 2013 07:47 AM (GaqMa)
Posted by: Die Trying at March 16, 2013 07:48 AM (w7J/R)
See why the libs are so desperate to take away our guns. The people in Cypress can do some damage, but being largely unarmed, can't really resist.
Try that here, and watch as people lay siege to government offices, and officials and bureaucrats start coming down with bad cases of death, due to anger and gunshots, but mostly gunshots.
Let them take away our 'weapons of war' and they'll be stealing our retirement and bank accounts in 2years.
These fuckers are scared, and they should be.
Posted by: blindside at March 16, 2013 07:50 AM (ajjwb)
Michelle can walk around in her skivvies again
Shit, that's all they have to do to stop the tours, no "cancellation" needed. Word of some lumbering shaved wookie in her underwear will keep the people away like nobody's business.
I also denounce myself.
Posted by: imp at March 16, 2013 07:51 AM (t2wY2)
Why wait? What's anyone in Indiana going to do to him if their local bank in Indiana sends them a letter telling them their balance went down 10% overnight? They're gonna go to their bank, not DC.
Posted by: HeatherRadish™, Crankypants Extraordinaire at March 16, 2013 07:51 AM (hO8IJ)
I agree that the writing is on the wall. But bank accounts contain cash, which can just be shifted from one ledger entry to another, and wah-la, solvency!
But 401Ks contain equity assets and bonds, things that won't be spendable by the government without being sold first, possibly clobbering their value. So what would be the likely mechanics of a massive 401K siezure?
Posted by: Hider of inconvenient truth at March 16, 2013 07:52 AM (CypDC)
Posted by: eman at March 16, 2013 07:52 AM (64rcm)
Posted by: Chief Justice John Roberts at March 16, 2013 07:53 AM (Vdpqr)
Posted by: Joey B. at March 16, 2013 07:53 AM (+GpbP)
Posted by: Hider of inconvenient truth at March 16, 2013 11:52 AM (CypDC)
Pure fraud.
Posted by: Jon Corzine at March 16, 2013 07:53 AM (AWmfW)
Posted by: Eaton Cox at March 16, 2013 07:53 AM (+wxCD)
Posted by: Anna Puma (+SmuD) at March 16, 2013 07:54 AM (4FmhF)
Posted by: Pope Cavil I, Cylon Catholic Church at March 16, 2013 07:54 AM (mbxHg)
Posted by: Hider of inconvenient truth at March 16, 2013 11:52 AM (CypDC)
Simpliest method would be to tax the gains in the 401k and require people to pay it come tax time.
As a bonus most people wouldn't be able to, and would likely have to take money from their 401k to do it, which would trigger another tax.
Of course that only takes some money. To take it all they'd have to nationalize it.
Posted by: tsrblke at March 16, 2013 07:54 AM (GaqMa)
Posted by: BurtTC at March 16, 2013 11:43 AM (TOk1P)
A little off topic, since you are not "prepping for the end times," but
I never really get it when people say, "I prepared for the collapse of society by this, this, that, this and PAYING OFF MY DEBTS."
I always think,
Hey, society just collapsed. Who the fuck is going collect on debts denominated in useless fucking paper currency?
And if we have the alternate scenario of merely some runaway inflation, hey guess what happens to debts that aren't adjustable rate?
Posted by: A Balrog of Morgoth at March 16, 2013 07:54 AM (Q9qpj)
Posted by: RWC at March 16, 2013 07:55 AM (sqp6o)
Posted by: rickl at March 16, 2013 07:56 AM (sdi6R)
Posted by: Anna Puma (+SmuD) at March 16, 2013 11:44 AM (4FmhF)
They'd probably settle for the Venetians, the Venetians were horrible.
Posted by: A Balrog of Morgoth at March 16, 2013 07:56 AM (Q9qpj)
Posted by: The Poster Formerly Known as Mr. Barky at March 16, 2013 07:56 AM (Vdpqr)
Posted by: Sean Bannion at March 16, 2013 07:57 AM (mvwZL)
Posted by: Henry VIII at March 16, 2013 07:58 AM (Q9qpj)
Posted by: waldo truth at March 16, 2013 07:58 AM (fDUde)
Posted by: The Poster Formerly Known as Mr. Barky at March 16, 2013 07:59 AM (Vdpqr)
Posted by: President For Life Obama at March 16, 2013 07:59 AM (+GpbP)
Posted by: @PurpAv at March 16, 2013 07:59 AM (mNCbk)
Posted by: rickl at March 16, 2013 07:59 AM (sdi6R)
Posted by: angel with a sword at March 16, 2013 08:00 AM (3RiPs)
They would convert the assets inside you account.... forcing ypu to take any haircut in cash value..... THEN take their percentage of the original assessed value.
Posted by: fixerupper at March 16, 2013 08:00 AM (9MmIU)
The government was in charge of the price of gold another time. Which way do you think the price of gold will go, under government control?
See, they don't have to come to the door and take it. There are other ways.
Posted by: comatus at March 16, 2013 08:00 AM (qaVK+)
Fairness, ya know.
Posted by: RWC at March 16, 2013 11:55 AM (sqp6o)
'member me?
Posted by: Chrysler Bondholder at March 16, 2013 08:00 AM (AWmfW)
Posted by: Clemenza at March 16, 2013 08:00 AM (bZxBF)
Posted by: steveegg at March 16, 2013 08:01 AM (o44nj)
Posted by: Flatbush Joe at March 16, 2013 08:01 AM (ZPrif)
Posted by: @PurpAv at March 16, 2013 08:01 AM (mNCbk)
Too much work. In the comment box, click on the omega and then click on the €. Then say three Hail Pixys.
Posted by: HeatherRadish™, Crankypants Extraordinaire at March 16, 2013 08:03 AM (hO8IJ)
>>Posted by: Chrysler Bondholder at March 16, 2013 12:00 PM (AWmfW) <<
The canary in the coal mine.
Posted by: steveegg at March 16, 2013 08:03 AM (o44nj)
Posted by: The Poster Formerly Known as Mr. Barky at March 16, 2013 08:03 AM (Vdpqr)
http://tinyurl.com/a4onmkw
Posted by: Anna Puma (+SmuD) at March 16, 2013 08:04 AM (4FmhF)
Posted by: L, elle at March 16, 2013 08:05 AM (VbTKR)
Posted by: Willie Sutton at March 16, 2013 08:05 AM (ZPrif)
Anna, you understand the essence of the matter exactly.
Thread winner.
Posted by: Doc Rochester at March 16, 2013 08:06 AM (ngVVt)
Posted by: rickl at March 16, 2013 08:06 AM (sdi6R)
And there's no ampersand.
I see a conspiracy.
Posted by: CharlieBrown'sDildo at March 16, 2013 08:08 AM (3Mkrp)
Guess I'm going to go take myself out to lunch, since there's no point in saving my paycheck.
Posted by: HeatherRadish™, Crankypants Extraordinaire at March 16, 2013 08:09 AM (hO8IJ)
Posted by: Nevergiveup at March 16, 2013 08:11 AM (9Bj8R)
Think of all the proposals for gun bans: a combination of purchase bans, taxes, grandfathering which expires in a short time, and the narrative that approved alternatives are good enough: 2-barrel shotguns, scissors, and vomit.
Posted by: Rule #2 at March 16, 2013 08:12 AM (CypDC)
Back in the old days the kings used to go shake down the Jews whenever they needed money for a war or marrying off a princess or something.
Now the IMF has - with probably greater justification - decided to shake down the Russian oligarchs. Here, Mr Suspicious Billionaire, we can do business exactly the same way you do.
Now, sure, this is throwing out the baby with the bath water, they're grabbing from everybody. But it's still kinda funny.
Posted by: JEM at March 16, 2013 08:12 AM (o+SC1)
Posted by: soothsayer, of the Righteous & Harmonious Fists at March 16, 2013 08:13 AM (/eLjI)
Posted by: Billy Bob, pseudo intellectual at March 16, 2013 08:14 AM (wR+pz)
Posted by: @PurpAv at March 16, 2013 08:14 AM (mNCbk)
Posted by: Death Panel at March 16, 2013 08:14 AM (0/zfR)
Posted by: Eaton Cox at March 16, 2013 08:14 AM (+wxCD)
Posted by: Nevergiveup at March 16, 2013 08:14 AM (9Bj8R)
Posted by: New Pledge at March 16, 2013 08:15 AM (Qpxek)
King O will say "This tax will only apply to the rich 1%"
/the rich 1% includes anyone who has any money of any amount in any savings institution.
Posted by: shibumi at March 16, 2013 08:16 AM (z63Tr)
The rope and lamp posts part might be kinda fun.
Posted by: @PurpAv at March 16, 2013 08:16 AM (mNCbk)
Posted by: rickl at March 16, 2013 12:06 PM (sdi6R)
Yeah , this looks out of control.
Posted by: Temper Tantrum at March 16, 2013 08:16 AM (AWmfW)
Posted by: Nevergiveup at March 16, 2013 08:17 AM (9Bj8R)
Posted by: steveegg at March 16, 2013 08:17 AM (o44nj)
Posted by: President For Life Obama at March 16, 2013 08:17 AM (+GpbP)
Posted by: HeatherRadish™, Crankypants Extraordinaire at March 16, 2013 08:17 AM (hO8IJ)
Posted by: chemjeff at March 16, 2013 08:18 AM (BBWjt)
Posted by: Flatbush Joe at March 16, 2013 08:18 AM (ZPrif)
Posted by: Flatbush Joe at March 16, 2013 08:19 AM (ZPrif)
Sweet Anubis' flea collar....12.5%. That's less than a third of the US rate.
Posted by: HeatherRadish™, Crankypants Extraordinaire at March 16, 2013 08:19 AM (hO8IJ)
Posted by: RWC at March 16, 2013 08:19 AM (sqp6o)
Posted by: Grumpy Cat at March 16, 2013 08:20 AM (j3uk1)
Posted by: Lincolntf at March 16, 2013 08:20 AM (ZshNr)
Posted by: Award Winning Blog Commentator Beefy Meatball at March 16, 2013 08:21 AM (i7B17)
Posted by: Niedermeyer's Dead Horse at March 16, 2013 08:21 AM (piMMO)
Posted by: dodging bullets in Chicago at March 16, 2013 08:22 AM (EBa8G)
Posted by: J.J. Sefton at March 16, 2013 08:22 AM (XkWWK)
Posted by: soothsayer, of the Righteous & Harmonious Fists at March 16, 2013 08:22 AM (E7Qlq)
Posted by: Billy Bob, pseudo intellectual at March 16, 2013 08:22 AM (wR+pz)
Posted by: @PurpAv at March 16, 2013 08:22 AM (mNCbk)
>>So we can make Euro symbols, but not ampersands.
Some people can still make them. Only 10% have been seized.
Hey, if we started using the euro symbol in place of an ampersand, it would really confuse people. Even more than our normal comments do!
Posted by: Mama AJ at March 16, 2013 08:23 AM (SUKHu)
Posted by: Niedermeyer's Dead Horse at March 16, 2013 08:23 AM (piMMO)
Posted by: steveegg at March 16, 2013 08:23 AM (o44nj)
Posted by: eman at March 16, 2013 08:24 AM (64rcm)
http://en.bijin-snap.com/2013/03/17/no-890/page/10/
Posted by: Anna Puma (+SmuD) at March 16, 2013 08:24 AM (4FmhF)
Posted by: soothsayer, of the Righteous & Harmonious Fists at March 16, 2013 08:24 AM (/eLjI)
Posted by: Niedermeyer's Dead Horse at March 16, 2013 08:25 AM (piMMO)
Posted by: Steve Roberts at March 16, 2013 08:25 AM (oG53/)
Posted by: @PurpAv at March 16, 2013 08:25 AM (mNCbk)
Posted by: Niedermeyer's Dead Horse at March 16, 2013 08:25 AM (piMMO)
Posted by: Anna Puma (+SmuD) at March 16, 2013 08:26 AM (4FmhF)
A whole bunch of dead white fymynysts just clutched their pearls and looked for their smelling salts.
Posted by: HeatherRadish™, Crankypants Extraordinaire at March 16, 2013 08:26 AM (hO8IJ)
Posted by: RWC at March 16, 2013 08:27 AM (sqp6o)
Posted by: Anna Puma (+SmuD) at March 16, 2013 08:27 AM (4FmhF)
Posted by: Ma Bell at March 16, 2013 08:27 AM (uVuwp)
Posted by: soothsayer, of the Righteous & Harmonious Fists at March 16, 2013 08:27 AM (E7Qlq)
Posted by: shibumi at March 16, 2013 08:28 AM (z63Tr)
Posted by: Niedermeyer's Dead Horse at March 16, 2013 08:28 AM (piMMO)
Posted by: Beagle at March 16, 2013 08:28 AM (Qpxek)
Posted by: soothsayer, of the Righteous & Harmonious Fists at March 16, 2013 08:28 AM (/eLjI)
Posted by: Flatbush Joe at March 16, 2013 08:29 AM (ZPrif)
Posted by: Niedermeyer's Dead Horse at March 16, 2013 08:29 AM (piMMO)
Posted by: Anna Puma (+SmuD) at March 16, 2013 08:29 AM (4FmhF)
Posted by: Grumpy Cat at March 16, 2013 08:30 AM (j3uk1)
I'm thinking those lessons were incorporated into the game plan. "This worked pretty good in Italy...love this move by Stalin..." etc.
Posted by: HeatherRadish™, Crankypants Extraordinaire at March 16, 2013 08:30 AM (hO8IJ)
Posted by: Vashta Nerada at March 16, 2013 08:31 AM (/i3Yt)
Posted by: Flatbush Joe at March 16, 2013 08:31 AM (ZPrif)
Posted by: Billy Bob, pseudo intellectual at March 16, 2013 08:31 AM (wR+pz)
Posted by: rickl at March 16, 2013 08:32 AM (sdi6R)
Posted by: Marxists, Socialists, and Progressives at March 16, 2013 08:32 AM (Q9qpj)
Posted by: eman at March 16, 2013 08:33 AM (64rcm)
Posted by: Foghorn Leghorn at March 16, 2013 12:31 PM (n8LUb)
You really need BOTH your kidneys? Hording all those organs for nothing?
Posted by: Obamacare at March 16, 2013 08:33 AM (AWmfW)
Posted by: CAC at March 16, 2013 08:33 AM (e4QeN)
When I first moved to LA I got invited to a party, and he was there. I was too shy at the time to talk to him.
Wish I had.
That was my first experience of being close to someone I had seen on TV.
Posted by: HH at March 16, 2013 08:33 AM (XXwdv)
Posted by: RWC at March 16, 2013 08:35 AM (sqp6o)
Posted by: Niedermeyer's Dead Horse at March 16, 2013 08:35 AM (piMMO)
Posted by: A Dem Congressman Somewhere at March 16, 2013 08:35 AM (ndlFj)
Posted by: Anna Puma (+SmuD) at March 16, 2013 08:36 AM (4FmhF)
Posted by: eman at March 16, 2013 08:36 AM (64rcm)
Posted by: Billy Bob, pseudo intellectual at March 16, 2013 08:38 AM (wR+pz)
Posted by: Niedermeyer's Dead Horse at March 16, 2013 08:38 AM (piMMO)
Posted by: eman at March 16, 2013 08:38 AM (64rcm)
Posted by: RWC at March 16, 2013 08:38 AM (sqp6o)
Posted by: Palerider at March 16, 2013 08:39 AM (cQZV0)
Posted by: someguy at March 16, 2013 08:39 AM (8XRrT)
Posted by: Grumpy Cat at March 16, 2013 08:39 AM (j3uk1)
Posted by: Billy Bob, pseudo intellectual at March 16, 2013 08:39 AM (wR+pz)
Where the fuck am I supposed to keep it? The grocery store won't take checks drawn on foreign banks.
Posted by: HeatherRadish™, Crankypants Extraordinaire at March 16, 2013 08:40 AM (hO8IJ)
Oh, and racist teabaggers too
Posted by: kbdabear at March 16, 2013 08:40 AM (mCvL4)
FDIC has stated that you only are covered for a grand total of 250k in the aggregate. So if you have over that but spread between more than one bank, you're only covered for the 250k (not that I care as I haven't seen a bank account with over 5 figures in it for over 10 years.)
They're getting ready and you should too. Don't leave any more cash in a bank than you have to. Buy hard goods that can be stored and are always in need. Don't defer purchases as things are going to start getting scarce. I waited to order some stuff from Brownells and whoops they were out of stock when I went to buy. Don't know when they'll be back in.
Don't procrastinate about stuff you know you're going to need. Get it now as it might not be around when you need it later.
This is like a tsunami is starts slow and doesn't look all that big of a deal until the wave gets bigger and bigger and doesn't stop.
Oh and get out of your 401k's as they'll be the first thing they steal.
Posted by: Bitter Clinger and All That at March 16, 2013 08:40 AM (Kpn/z)
Too much work. I'd have to go to the store for a keyboard with a number pad and a numlock button.
Posted by: A Romp of Otters at March 16, 2013 08:40 AM (9ZAcB)
*grasps the valve and begins to shut it*
Oh, well it's just those fucking Russians that have money in those banks. Fuck them.
*keeps turning the valve*
What do we need the Russians for, and besides, they are all crooks? Can't have those layabout Greeks have to give up their pensions and actually work at a job past age 54.
*keeps turning*
We'll fund our little ponzi scheme with Russian cash. Yeah, fuck the Russians.
*the valve is shut*
Enjoy winter, you stupid fucking Krauts. Oh wait, you can just fire up your nuclear power plants. That's right, you panicked and decommissioned them. Sucks to be you. dasvidaniya. Ivan, out.
Posted by: Lineman on the Yamal-Europe Gas Pipeline, next November at March 16, 2013 08:41 AM (Q9qpj)
Posted by: CAC at March 16, 2013 08:41 AM (e4QeN)
Posted by: Niedermeyer's Dead Horse at March 16, 2013 08:41 AM (piMMO)
Posted by: Billy Bob, pseudo intellectual at March 16, 2013 08:42 AM (wR+pz)
Posted by: Jamie Dimon at March 16, 2013 08:42 AM (+GpbP)
Posted by: Anna Puma (+SmuD) at March 16, 2013 08:42 AM (4FmhF)
Posted by: kbdabear at March 16, 2013 08:42 AM (mCvL4)
Posted by: RWC at March 16, 2013 08:43 AM (sqp6o)
Sooo, the Caymans?
Probably not Swiss.
And definitly not those Nigerians. Heck, they keep pestering me about getting money out...
Posted by: HH at March 16, 2013 08:44 AM (XXwdv)
The Belfast News reports:
News of the levy came as a shock to most people following strict assurances from Cyprus' President Nicos Anastasiades that he would not accept a deal which required depositors to share in the losses. Government spokesman Christos Stylianides said Cypriot officials had resisted intense pressure to accept a deposit levy of a whopping 40%.
Posted by: Lizzy at March 16, 2013 08:44 AM (0/zfR)
Posted by: eman at March 16, 2013 08:45 AM (64rcm)
Posted by: Anna Puma (+SmuD) at March 16, 2013 08:46 AM (4FmhF)
Posted by: Billy Bob, pseudo intellectual at March 16, 2013 08:46 AM (wR+pz)
Posted by: J.J. Sefton at March 16, 2013 08:47 AM (XkWWK)
Good afternoon, you award-winning window lickers, you.
Sooo, we're slightly less screwed than Cyprus? I am greatly comforted.
SNAFU.
Posted by: BackwardsBoy, who did not vote for this shit at March 16, 2013 08:47 AM (+z4pE)
Posted by: Flatbush Joe at March 16, 2013 08:47 AM (ZPrif)
So in the long run NBC telling Roddenberry 'its too cerebral' was a good move.
Posted by: Anna Puma (+SmuD) at March 16, 2013 08:47 AM (4FmhF)
Posted by: Regular Moron [/i] at March 16, 2013 08:48 AM (feFL6)
Posted by: soothsayer, of the Righteous & Harmonious Fists at March 16, 2013 08:48 AM (oxIUw)
I wonder if some of the "russian oligrchs" will express their displeasure directly to the EU bureaucrats? They have large deposits in Cypriot banks, and are going to get raped for 10%.
Maybe offer the EU bureaucrats and bankers a gift of heavy metals like lead or polonium?
Posted by: rd at March 16, 2013 08:48 AM (zLp5I)
Posted by: CAC at March 16, 2013 08:48 AM (e4QeN)
the "upfront, one-off" tax
Remember when I was a widows and orphans pension?
Good times. Good times...
Posted by: Social Security
Posted by: Laurie David's Cervix at March 16, 2013 08:49 AM (kdS6q)
Posted by: Billy Bob, the 1% at March 16, 2013 08:49 AM (wR+pz)
Posted by: James Tiberius Kirk at March 16, 2013 08:50 AM (j3uk1)
I assume you have an In with the govt of your choice and may get Your funds from them.
Posted by: ette at March 16, 2013 08:51 AM (nqBYe)
Posted by: Anna Puma (+SmuD) at March 16, 2013 08:51 AM (4FmhF)
Posted by: eman at March 16, 2013 08:52 AM (64rcm)
Posted by: Billy Bob, the 1% at March 16, 2013 08:52 AM (wR+pz)
Posted by: J.J. Sefton at March 16, 2013 08:52 AM (XkWWK)
I stopped. I simply did not have the money. (and I am not living high off the hog here. I cut everything I could over time since 2007 but there was no more to cut without winding up living in a shelter or on the street.
So I stopped paying the credit card debts that I had. By the end of the year I had two take me to court and get judgments but I'm so broke, I had nothing for them to take and two of the others wrote them off and canceled the debt so that I had to claim it on my income tax this year. I'm still so broke, it didn't matter so I didn't have to pay any tax on that.
If you live in certain states and have certain assets (or don't have certain assets. Do some research) it might be better to just stop paying those debts that don't directly service any secured property.
It's not something I wanted to do but if you are in a position to do so with out much at stake, it might be better to stop paying them and taking care of yourself first.
Everyone's situation is different. I recommend highly that you do deep research into what is protected from creditors and what is not and which creditors are most likely to proceed against you.
caveat debtor.
Posted by: Bitter Clinger and All That at March 16, 2013 08:52 AM (Kpn/z)
Posted by: Cyprus taxpayer at March 16, 2013 08:52 AM (nqBYe)
Posted by: James Tiberius Kirk at March 16, 2013 08:52 AM (j3uk1)
This arrangement notably meant the Cyprus government "avoided salary and pension cuts" for public sector workers...
Success!
Posted by: Laurie David's Cervix at March 16, 2013 08:53 AM (kdS6q)
Malachi Throne was one of the main actors on "It Takes a Thief".
Sheesh...
Now get off....
Posted by: HH at March 16, 2013 08:53 AM (XXwdv)
Posted by: ette at March 16, 2013 08:54 AM (nqBYe)
Posted by: @PurpAv at March 16, 2013 08:54 AM (mNCbk)
Posted by: eman at March 16, 2013 08:54 AM (64rcm)
Posted by: James Tiberius Kirk at March 16, 2013 08:54 AM (j3uk1)
Posted by: rickl at March 16, 2013 08:54 AM (sdi6R)
We will all be Oliver Twists fearfully walking up to Fagin to plead for another bowl of porridge. Porridge that was paid for with the money stolen from us.
Posted by: Anna Puma (+SmuD) at March 16, 2013 08:54 AM (4FmhF)
Posted by: weew at March 16, 2013 08:54 AM (ElfHn)
Posted by: Mark Kelly, Space Ranger at March 16, 2013 08:55 AM (3Z9LX)
where have we seen this before?
Posted by: ette at March 16, 2013 08:55 AM (nqBYe)
Posted by: Obama doesnt get my money at March 16, 2013 08:55 AM (1agxt)
Posted by: J.J. Sefton at March 16, 2013 08:56 AM (XkWWK)
Posted by: James Tiberius Kirk at March 16, 2013 08:57 AM (j3uk1)
If they are recovering on their own, the losers will bleed them dry.
Posted by: PJ at March 16, 2013 08:57 AM (ZWaLo)
Posted by: Anna Puma (+SmuD) at March 16, 2013 12:54 PM (4FmhF)
yes, Doesn't this look like a bright future for us all
Posted by: ette at March 16, 2013 08:57 AM (nqBYe)
Posted by: Anna Puma (+SmuD) at March 16, 2013 08:58 AM (4FmhF)
Phyllis Schlafly no longer cranks up the crowd, but she is a legend.
Just one point: she almost singlehandedly stopped the Equal Rights Amendment when it was on the verge of passage.
Posted by: Die Trying at March 16, 2013 08:58 AM (w7J/R)
Posted by: Public Sector Workers at March 16, 2013 12:55 PM (64Buy)
I think I would be looking for some PSW's to gain some of my 6.75% back.
Posted by: Red Shirt at March 16, 2013 08:59 AM (FIDMq)
Posted by: Anna Puma (+SmuD) at March 16, 2013 08:59 AM (4FmhF)
Posted by: soothsayer, of the Righteous & Harmonious Fists at March 16, 2013 08:59 AM (NLH1M)
Posted by: Billy Bob, the 1% at March 16, 2013 09:00 AM (wR+pz)
Posted by: rickl at March 16, 2013 09:00 AM (sdi6R)
Posted by: Fritz at March 16, 2013 09:00 AM (UzPAd)
I believed only the Rich would have to pay their fair share.
Posted by: working shmo at March 16, 2013 09:01 AM (nqBYe)
Posted by: James Tiberius Kirk at March 16, 2013 09:01 AM (j3uk1)
Posted by: Zombie Mao at March 16, 2013 09:01 AM (wR+pz)
It's been said before, but these types see Atlas Shrugged as a how-to manual.
Posted by: Waterhouse at March 16, 2013 09:01 AM (K6v5e)
Posted by: soothsayer, of the Righteous & Harmonious Fists at March 16, 2013 09:02 AM (wAng0)
Posted by: angel with a sword at March 16, 2013 12:00 PM (3RiPs)
*******
Hate to be pedantic, but shouldn't that be spelled with an "e"?
Posted by: Seamus Muldoon at March 16, 2013 09:03 AM (pLvWv)
Posted by: eman at March 16, 2013 09:03 AM (64rcm)
Posted by: Anna Puma (+SmuD) at March 16, 2013 09:03 AM (4FmhF)
Posted by: J.J. Sefton at March 16, 2013 09:03 AM (XkWWK)
Posted by: working shmo at March 16, 2013 09:04 AM (nqBYe)
Posted by: weew at March 16, 2013 09:04 AM (ElfHn)
Posted by: Regular Moron [/i] at March 16, 2013 09:04 AM (feFL6)
Posted by: Zombie Hitler at March 16, 2013 09:04 AM (wR+pz)
Posted by: SCoaMF at March 16, 2013 09:05 AM (A7Wh1)
Posted by: Anna Puma (+SmuD) at March 16, 2013 09:05 AM (4FmhF)
Posted by: Lizzy at March 16, 2013 09:06 AM (0/zfR)
Posted by: working shmo at March 16, 2013 01:04 PM (nqBYe)
You just need to know the right people .
Posted by: Jon Corzine at March 16, 2013 09:06 AM (AWmfW)
Posted by: ette at March 16, 2013 09:06 AM (nqBYe)
Posted by: Anna Puma (+SmuD) at March 16, 2013 09:07 AM (4FmhF)
Posted by: James Tiberius Kirk at March 16, 2013 09:07 AM (j3uk1)
Hmm...taking 10% of people's bank accounts. Great idea. Can I do that?
Posted by: King Clusterfuck
It can't happen here.
Posted by: Gold - 1933
Posted by: Laurie David's Cervix at March 16, 2013 09:08 AM (kdS6q)
Posted by: Billy Bob, the guy who drinks in SC at March 16, 2013 09:08 AM (wR+pz)
Posted by: Jon Corzine at March 16, 2013 01:06 PM (AWmfW)
Yes life's consequences aren't what i once thought it were .
what a schumck i've been all my life
Posted by: ette at March 16, 2013 09:09 AM (nqBYe)
Posted by: phoenixgirl at March 16, 2013 09:09 AM (GVxQo)
Posted by: Gmac - Waiting for the revolution at March 16, 2013 09:09 AM (IanLz)
" it seems 'just' to ask a contribution of all deposit-holders" to the rescue, Dijsselbloem said."
- - - -
You call that asking? That's straight-up confiscation!
Posted by: Jay Guevara at March 16, 2013 09:10 AM (IDSI7)
Posted by: VIA, on the tiny keyboard at March 16, 2013 09:10 AM (Nkjhm)
Posted by: Anna Puma (+SmuD) at March 16, 2013 09:10 AM (4FmhF)
Things will become incredibly interesting when that happens.
Posted by: alexthechick - SMOD. Totes waiting until after March Madness. at March 16, 2013 09:10 AM (Gk3SS)
Posted by: toby928© drinks the sweet tea of despair at March 16, 2013 09:11 AM (QupBk)
Posted by: lawdvd at March 16, 2013 09:12 AM (enhDu)
Posted by: Flatbush Joe at March 16, 2013 09:12 AM (ZPrif)
The Dems are going to come for 401(k)s and the like because it's only fair that those that saved pay for those that didn't.
"unique social security stability levy"
Posted by: Laurie David's Cervix at March 16, 2013 09:12 AM (kdS6q)
Word is the financial collapse is supposed to be global and synchronized. Europe is long gone, and the U.S. is taking longer than expected. When we "laggards" are finally kaput, then the announcement will come. Hence, George Soreass's "managed decline of the dollar."
Posted by: RushBabe at March 16, 2013 09:13 AM (tQHzJ)
i have nothing left to steal unless they want the roof we're under.
Posted by: ette at March 16, 2013 09:13 AM (nqBYe)
Posted by: toby928© drinks the sweet tea of despair at March 16, 2013 09:13 AM (QupBk)
They have to outlaw guns and implement domestic drones first.
Posted by: Lizzy at March 16, 2013 09:13 AM (0/zfR)
Posted by: Where's my Obamaphone? at March 16, 2013 09:14 AM (ZPrif)
Posted by: Anna Puma (+SmuD) at March 16, 2013 09:14 AM (4FmhF)
Posted by: Ook? at March 16, 2013 09:14 AM (OQpzc)
Posted by: Dianne Feinstein at March 16, 2013 09:15 AM (j3uk1)
Posted by: Anna Puma (+SmuD) at March 16, 2013 09:15 AM (4FmhF)
Posted by: SE Cupp's Incredible Shrinking Brain at March 16, 2013 09:15 AM (Cs2tJ)
Posted by: Lizzy at March 16, 2013 09:17 AM (0/zfR)
Posted by: James Tiberius Kirk at March 16, 2013 01:07 PM (j3uk1)
Couldn't a said it better.
Bravo!
Posted by: Bitter Clinger and All That at March 16, 2013 09:17 AM (Kpn/z)
Well, tonight should be interesting: St. Patrick's Day is tomorrow and Comic Con is being held right down the street from where I'll be playing with the Infidels tonight.
It's green aliens, all the way down.
Last time we had a sci-fi convention down here, one actor whose name escapes me (from the original ST) sat in with us on vocals.
Posted by: BackwardsBoy, who did not vote for this shit at March 16, 2013 09:17 AM (+z4pE)
Posted by: Regular Moron [/i] at March 16, 2013 09:17 AM (feFL6)
Posted by: rickl at March 16, 2013 09:17 AM (sdi6R)
Heh. I ran into a family of four in star trek uniforms at a renaissance fair once. Walked right up to them and asked "Transporter accident?"
They were quite pleased that someone had finally gotten the joke.
Posted by: Methos at March 16, 2013 09:18 AM (hO9ad)
Posted by: Billy Bob, the guy who drinks in SC at March 16, 2013 09:19 AM (wR+pz)
Posted by: Grumpy Cat at March 16, 2013 09:19 AM (j3uk1)
I can make it illegal to own gold, with a stroke of my pen. FDR did it, so I can too.
Who would stop me...
Posted by: King Clusterfuck at March 16, 2013 09:19 AM (rwujx)
Posted by: Flatbush Joe at March 16, 2013 09:19 AM (ZPrif)
Why should they suffer at all, Don't they do important tasks for You?
We left you money , quit whining!
Posted by: betters at March 16, 2013 09:19 AM (nqBYe)
Posted by: Ook? at March 16, 2013 09:19 AM (OQpzc)
http://en.bijin-snap.com/2013/03/17/no-890/
Posted by: Anna Puma (+SmuD) at March 16, 2013 01:15 PM (4FmhF)
I do indeed!
Posted by: alexthechick - SMOD. Totes waiting until after March Madness. at March 16, 2013 09:20 AM (Gk3SS)
Posted by: toby928© drinks the sweet tea of despair at March 16, 2013 09:20 AM (QupBk)
Posted by: Foghorn Leghorn at March 16, 2013 09:20 AM (n8LUb)
Posted by: rickl at March 16, 2013 01:17 PM (sdi6R)
uhm yes, they can certainly commander my things for the greater welfare.
perhaps they will leave my family a bedroom to live in, and a hot plate.
Posted by: betters at March 16, 2013 09:20 AM (nqBYe)
And oh yeah....Advantage: Turks.
Posted by: Sticky Wicket at March 16, 2013 09:21 AM (0IhFx)
Regular Moron, there are various ways for a missile to go wrong. Explodes on launch - glowing Norks. Goes off target and hits the PRC - glowing Norks. Breaks up in flight and contaminates Japan or Hawai'i - glowing Norks. Could detonate up in the atmosphere just before reaching the West Coast, then EMP and glowing Norks. Or it could actually hit and fail to detonate - glowing Norks. Or it could hit and detonate - glowing Norks.
Posted by: Anna Puma (+SmuD) at March 16, 2013 09:23 AM (4FmhF)
Posted by: Sticky Wicket at March 16, 2013 01:21 PM (0IhFx)
Be a terrible pity if that border dispute flared up again. I mean, it's not like any government would have try to SQUIRREL it's populace or anything.
Posted by: alexthechick - SMOD. Totes waiting until after March Madness. at March 16, 2013 09:23 AM (Gk3SS)
Posted by: Billy Bob, the guy who drinks in SC at March 16, 2013 09:24 AM (wR+pz)
Posted by: Sticky Wicket at March 16, 2013 01:21 PM (0IhFx)
Bring it.
Posted by: An Incredibly Pissed Off Gurkha at March 16, 2013 09:25 AM (Cs2tJ)
Posted by: ette at March 16, 2013 01:13 PM (nqBYe)
Excuse me ma'am, I just need to take some roof measurements. You know, for the census. Yeah, that's right, the census. Won't take but a couple minutes of your time.
Okay- load 'er up Charlie!
Posted by: Acme Roof Repossessor Co. at March 16, 2013 09:25 AM (pLvWv)
Be prepared.
Posted by: Vashta Nerada at March 16, 2013 09:26 AM (/i3Yt)
Posted by: Anna Puma (+SmuD) at March 16, 2013 09:28 AM (4FmhF)
Posted by: Billy Bob, the guy who drinks in SC at March 16, 2013 09:28 AM (wR+pz)
Posted by: Anna Puma (+SmuD) at March 16, 2013 09:29 AM (4FmhF)
Posted by: Regular Moron [/i] at March 16, 2013 09:29 AM (feFL6)
Posted by: Billy Bob, the guy who drinks in SC at March 16, 2013 09:30 AM (wR+pz)
Posted by: Anna Puma (+SmuD) at March 16, 2013 09:30 AM (4FmhF)
Posted by: that 10% is mine at March 16, 2013 09:31 AM (1agxt)
Posted by: NaCly Dog at March 16, 2013 09:34 AM (u82oZ)
Posted by: Anna Puma (+SmuD) at March 16, 2013 09:35 AM (4FmhF)
Posted by: James Tiberius Kirk at March 16, 2013 09:37 AM (j3uk1)
perhaps Soros had funds there?
I mean He's all For it i assume.
Posted by: ette at March 16, 2013 01:11 PM (nqBYe)
------
Ninja, please. He doubtless knew this was coming long ago, if he didn't help engineer it. The chances he got his nads hammered is, at most, zero.
Posted by: Jay Guevara at March 16, 2013 09:41 AM (IDSI7)
Posted by: notsothoreau at March 16, 2013 09:44 AM (Lqy/e)
Paying for a celebrity autograph is nothing less than a stupidity tax.
Posted by: Kensington at March 16, 2013 09:46 AM (uaEZS)
Posted by: Comrade Arthur at March 16, 2013 09:49 AM (TcQWW)
Posted by: Guy Mohawk at March 16, 2013 09:52 AM (IY7Ir)
HAHAHA. Stupid bank runners."
Still a smart idea to bail and deposit your funds someplace else. When they take the first 10%, it's just the FIRST 10%.
Posted by: Phelps at March 16, 2013 10:06 AM (YXJIq)
You know, like Obama does.
Posted by: Phelps at March 16, 2013 10:07 AM (YXJIq)
Posted by: sexypig at March 16, 2013 10:21 AM (dZQh7)
Posted by: Dave in Texas at March 16, 2013 10:29 AM (pUqSw)
Posted by: sexypig at March 16, 2013 10:42 AM (dZQh7)
The 401K confiscation model is already out there. Gubbmint will "liquidate" the account and use the proceeds to "fund" a government-managed "account" for you. (That is 100% invested in special gubbmint bonds.) All under the guise of protecting you from the evil stock market.
The accounts will strongly resemble Social Security in that there really is no account. It'll be gubbmint money and they'll give back what they feel like giving you.
Posted by: Another Bob at March 16, 2013 11:01 AM (RJMcc)
Posted by: Typical Effing Moonbat at March 16, 2013 11:07 AM (FsUAO)
Posted by: Ernie McCracken at March 16, 2013 11:14 AM (ZETiK)
Now that I've explained it to you, please go on about your business. Nothing to see here. Move along. And, as always, shut up.
Posted by: Obnoxious A-hole at March 16, 2013 11:54 AM (31Nrp)
Posted by: Golfman at March 16, 2013 11:59 AM (bcbU+)
Posted by: joe dagostino at March 16, 2013 12:31 PM (hlZx/)
Posted by: Ace's liver at March 16, 2013 01:27 PM (8T0N0)
Posted by: Ace's liver at March 16, 2013 01:28 PM (8T0N0)
Posted by: someguy at March 16, 2013 02:07 PM (8XRrT)
Posted by: bocephus at March 16, 2013 02:43 PM (3Crtn)
Posted by: Ace's liver at March 16, 2013 02:46 PM (8T0N0)
Posted by: SamIam at March 16, 2013 03:57 PM (S09w5)
Posted by: NYC Parent at March 16, 2013 06:42 PM (KjoRj)
Posted by: Trump at March 16, 2013 07:31 PM (F8Lnm)
Regular Moron, there are various ways for a missile to go wrong. Explodes on launch - glowing Norks. Goes off target and hits the PRC - glowing Norks. Breaks up in flight and contaminates Japan or Hawai'i - glowing Norks. Could detonate up in the atmosphere just before reaching the West Coast, then EMP and glowing Norks. Or it could actually hit and fail to detonate - glowing Norks. Or it could hit and detonate - glowing Norks.
Posted by: Anna Puma (+SmuD)
Ahhhh, one or two mistakes and possibly they glow from self incineration, but it will not be from return strikes as the Chinese would not like their puppet in chief to cause harm to their client state, no matter what they did to anyone else...
Posted by: Gmac - Waiting for the revolution at March 16, 2013 07:39 PM (IanLz)
Posted by: ManeiNeko at March 16, 2013 08:51 PM (TiE76)
Posted by: NealK at March 16, 2013 08:52 PM (5dW+Y)
To think that just yesterday I discovered the .pdf version (available free, online) of John Ross' book "Unintended Consequences".
www.zjstech.net/~ddixson/Unintended_Consequences.pdf
Serendipity. Meaningful Coincidence. Synchronicity.
In the book, Government is ultimately forced to step back from tyranny after freedom-loving citizens turn guerilla and start sniping at the "enforcers". Of course, it's just a book. Here in real life, can We-The-People still reverse OUR slide into tyranny?
Posted by: A_Nonny_Mouse at March 17, 2013 12:51 AM (VxSUN)
Posted by: W.C. Varones at March 17, 2013 07:52 AM (QMAPJ)
Posted by: Horrified Observer at March 17, 2013 09:18 AM (/sohm)
Posted by: GreenEyes at March 17, 2013 05:32 PM (nu16a)
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Posted by: Buzzsaw at March 16, 2013 07:38 AM (81UWZ)