CYPRUS

6 Years Later the PIIGS and Europe Still Wallow in Bear Markets

by John Galt July 31, 2016 10:00 ET Everything is great. All is quiet on the Western Front, Eastern Front, and Main Street economies with sluggish growth but new all time highs in key equity markets promoted for television purposes. The problems in Portugal, Ireland, Italy, Greece, and Spain are solved because CNBCCNNFBNFNCBBG does not want to cover them on a daily basis. Hence it’s all awesome: Right? Despite the fact that the over indebted United States has managed to hyperinflate its way into a new all time high in equity…


The Bail-In Bankster Model of Cyprus Results: Cyprus Stock Market down 99.2%

by John Galt July 8, 2016 23:00 ET On January 1, 2016 the new bail-in rules became the rule of law for the member states of the European Union. Hugo Dixon penned a column for Reuters on January 4th which revealed how tough the terms were for the bail-in protocol (excerpted): The European Union entered a brave new world of bank “bail-ins” at the start of 2016. Europe has wasted so much taxpayers’ money on bailing out bust banks in recent years that it is right to try to get investors…


05.22 BREAKING NEWS: Cyprus Shifts Right in Parliamentary Elections

by John Galt May 22, 2016 19:30 ET As discussed earlier in the posting about the Austrian elections, it would appear that Cyprus has also started to divorce itself slightly from the love affair with Brussels and the European Union globalist cabal. From Reuters: Cyprus parliamentary vote puts far-right in parliament From the link above: Cyprus’s ruling conservatives took the lead in Sunday’s general election, results showed, while a far-right party won its first seats in the legislature amid voter disillusionment after a 2013 financial meltdown. With the voting tally at…


First Greece, next up Cyprus as Opposition Parties want to Renegotiate EU Bailout

by John Galt February 21, 15:25 ET The tentative deal struck with Greece and the European Union has opened the very can of worms that the German government was concerned about: The rest of the PIIGS nations wanting new deals also. While this is not totally unexpected, the veracity of the statements from Greece and threat of a Grexit could indeed leave the EU open for demands of reform to the deals that Ireland, Portugal, Spain, and now Cyprus had imposed by the central banksters. From the Cyprus Mail today: Greek…


And Now Cyprus Foreign Minister Denies Russian Military Base Story

by John Galt February 9, 2015 22:30 ET As the world turns.. Apparently the bankers of the West got a message to the government of Cyprus after the news story broke this weekend about the Cypriot Prime Minister agreeing to allow the establishment of a Russian Air Force and Naval base on the island: Change your mind our else. From the Cyprus Mail tonight: ‘No question’ of Russian bases on Cyprus There has never been, and indeed there is no question of Russian air or naval military bases on Cypriot soil,…


02.08 BREAKING NEWS: Cyprus to Offer Russia Air and Naval Bases

by John Galt February 8, 2015 10:45 ET On July 8, 2012, as the European Central Bank and its Western cohorts began the process of fleecing the nations of Cyprus and Greece, I penned the article below: Cyprus Could be the Next Domino to Fall to Russia Apparently that situation has come to fruition as the United Kingdom will now have to share airspace over the Mediterranean with NATO’s arch villain as the two countries will both have air force bases 40 km apart. As the Russian bear continues to growl…


03.17 BREAKING NEWS: US Navy Seal Team Seizes N Korean Flagged Oil Tanker from Libya

by John Galt March 17, 2014 05:45 ET The news is never boring on St. Patrick’s Day apparently as per Al-Arabiya, the US Navy Seals acting on the request of the Libyan government boarded and seized control of the rogue tanker, the Morning Glory, which received oil from Libyan rebels in the eastern part of the country: U.S. Navy SEALs board rogue Libyan oil ship U.S. Navy SEALs took control of a North Korea-flagged tanker that had loaded crude oil at a port held by rebels in eastern Libya, the Pentagon…


Predictions for 2014 Print Edition

  by John Galt January  1, 2014 13:00 ET If you listened to my radio show this past Friday, you already know this story but for those foolish enough not listen via the archives or live, here are my predictions for 2014. Keep in mind I do not think anyone should use these predictions as investment advice and it is not meant to be construed as such, nor do I recommend using this information for anything other than building a fallout shelter with at least 1 foot thick reinforced concrete walls…


9/3 BREAKING NEWS: British Typhoons in near clash with Turkish jets over Cyprus

  by John Galt September  3, 2013 17:55 ET The news from the Republic of Cyprus seems alarming considering the unannounced missile test conducted by the U.S. and Israel this morning and the building tension in the region with NATO members and the Russians sending naval vessels into the region. From the Cypriot newspaper Famagusta Gazette several hours ago: British Typhoons in near clash with Turkish jets over Cyprus <excerpted> British and Turkish fighter planes nearly clashed over the skies of Cyprus yesterday after two Typhoon Eurofighters scrambled from Akrotiri airbase.Details…


The Ultimate Definition of how Banksters Attack Courtesy of Cyprus

  by John Galt September  1, 2013 20:25 ET The following story from the Cyprus Mail sums up the future the bankster community has in store for anyone who dares to fail to fall into line and submit to their policies. The punitive actions and retaliation against the people of Cyprus will do nothing but push a former Western ally into the welcoming arms of the Russians and Israelis as odd partners form a strategic partnership to enslave Europe to their energy monopoly and perhaps crush the Arab/American alliance which has…


9/1 BREAKING NEWS: Flash, USS Nimitz Group re-routed to Red Sea

  by John Galt September  1, 2013 19:45 ET In an apparent and quite interesting move, the USS Nimitz aircraft carrier and its battle group are being moved from the Arabian Sea into the Red Sea. Why one may ask?  Because nations like Jordan are refusing to allow basing or overflight permission for an attack on Syria, thus neutralizing the relative safety of the Arabian Sea for such an attack to be launched from. With nations like Cyprus also refusing to allow basing for an attack on Syria, it is of…


Meanwhile in Northern Cyprus-Turkey Increases Troop Levels by 7,000

  by John Galt July 3, 2013 22:30 ET The world is completely engulfed by the Zimmerman trial, Egypt, and Michelle Obama’s prison term in the White House yet as the PIIGS return to reality with Portugal, Ireland, and of course Greece making waves this week along comes Cyprus with a bombshell development in this morning’s edition of the Cyprus Mail: Turkish troop numbers upped in north From the article By Stefanos Evripidou linked above: TURKEY HAS increased the number of troops on the island by 7,000 this year, according to…


Russia will Restructure Cyprus Loans in Exchange for release of Assets

  by John Galt April 21, 2013 10:30 EDT Russia is apparently re-injecting their influence into the Cyprus crisis and with the upcoming vote on the EU/ECB bank heist agreement it is an interesting bit of timing for the Russians to do so. From VOA News: Russia Ties Cyprus Loan Terms to Release of Assets From the story: Russia wants to play a bigger part in talks over solving Cyprus’ financial problems but will only restructure its loan to the island if its interests there, especially those related to VTB Bank,…


Cyprus Update: The EU Took €100 Million from the Greek Orthodox Church

  by John Galt March 26, 2013 20:45 ET If anyone is under the delusion that the seizure of individual and business accounts from the banks of collapsed nation is where the evil and corruption will stop, here’s a shock for the readers courtesy of the Cyprus Mail: Church says it will lose €100m This so-called “bail-in” designed only to protect the hedge funds of the European and British money center banks scalped the one entity which could help the poor during the nations transition from quasi-capitalism to European serf state….


Perhaps Cyprus should call 1-800-ICE-LAND

  by John Galt March 24, 2013 20:30 ET   As of just about 40 minutes ago, it would appear that the European Union has imposed another deal on the tiny island nation of Cyprus. There will be more details forthcoming but in the end, the European hedge funds and banksters will wrestle control of the sovereignty of another nation away from its people as they have in Greece, Ireland, Italy, and Spain. The obvious alternative for the people of Cyprus to indeed become the next Switzerland of the European continent…


03.23 Cyprus News Flash: IMF Blocks Agreement on Cypriot Bank Bailout

  by John Galt March 23, 2013 17:55 ET   From China Radio International English News  approximately 40 minutes ago: IMF Blocks Cyprus Bailout Agreement The International Monetary Fund (IMF) is blocking a bailout agreement for Cyprus by insisting the merger of the Mediterranean island’s two largest banks, the official Cyprus News Agency reported on Saturday. The agency quoted a senior official of the Cypriot side in the negotiations with international lenders as saying that “we are not even near an agreement with the troika.” The official was also quoted as…


03.22 BREAKING NEWS: Russia Rebuffs Cyprus NO DEAL on Aid

  by John Galt March 22, 2013 05:50 ET In other words, the Cypriot government refused to sell control of its petroleum and natural gas resources to the Russians. This puts the Rothschild cartel of the ECB back into the driver’s seat to Kissingerize the Greek Cypriot government and seize control of the nation if they do not cooperate with the Western Central banksters. From Reuters just after 0500 ET: Russia rebuffs Cyprus, EU awaits bailout “Plan B” (Reuters) – Cyprus’s finance minister left Moscow empty-handed on Friday after Russia turned…


And now the Other Cyprus Chimes in on the Crisis

  by John Galt March 21, 2013 21:30 ET   If anyone thinks that the government and people of the Greek portion of Cyprus are friends of the United States/European Union banking cartel, I must remind my readers that Cyprus is actually two nations divided along religious and ethnic lines. The reality of what this now important island nation looks like from a geopolitical point of view is best pointed out in the map below: (map courtesy of PSEKA.net) The Turkish government has been maintaining claims to the oil and natural…


The Cyprus Crisis: It Isn’t what it Seems

  by John Galt March 20, 2013 22:00 ET   In August of 2011 this blogger observed the following in an article titled “The Most Dangerous Stock Market in the World is now down over 90%“: In the nation of Cyprus, divided for decades between Turks and Greeks. Orthodox Christian and Muslim, the danger is real and somewhat buried in the back pages as other more pressing issues which impact geopolitics surpassed the region in importance. With the nation divided at gunpoint and distrust at all time highs, the last thing…


Cyprus Could be the Next Domino to Fall to Russia

  by John Galt July 8, 2012 22:00 ET   The United States slumbers under the inept leadership of the Clinton State Department and the old Soviet Union begins its march through the Western sphere by purchasing influence one nation, one alliance at a time. The U.S. thinks it can intimidate the Russians with verbal sparring but in reality they are laughing, in fact mocking the handiwork of decades of Soviet influence over our foreign policy as we stumble from crisis to crisis and Moscow simply purchases allies like we buy…


7 Charts Indicate Why Europe is Doomed

  by John Galt June 1, 2012 05:15 ET   (All charts courtesy of Bloomberg.com)   Have my readers ever wondered why the financial networks always show 1 year, 6 month, or 3 month charts of stocks, bonds, or indexes whenever possible? Perhaps these seven charts will indicate why they prefer to color the truth and hide the seriousness of the economic realities of Europe. I have posted the charts of the major stock market indexes for the PIIGS plus Cyprus and Hungary to offer perspective as to how severe the…


Cyprus Crisis Update: Turkey threatens Oil Companies and Israel to deploy 20,000 Commandos

by John Galt May 20, 2012 10:00 ET   The world is focused so intently on the coming collapse of Greece and their withdrawal from the European Monetary Union that one of the byproducts of the regional instability in the Balkans continues to operate much like the Israeli Air Force has been in the same region. This week saw the first direct interaction between Israeli Air Force and Turkish fighter planes near Cyprus that I can recall in modern times (From Hurriyet Daily News see: Turkey asks Israel to explain airspace…


Greek and Cypriot Stock Markets Imploding this Morning

by John Galt May 7, 2012 05:25 ET   With the election results indicating a shift of Greek public sentiment away from austerity and their Euro masters, the investing public (aka banksters) are getting the hell out of dodge. The Athens stock market opened up down 8% but has stabilized at just over 6% down at this time:   While that might seem ugly, the nation of Cyprus, whose fortunes are tied to the nation of Greece in more ways than economics but as a bulwark against Turkish aggression has experienced…


Moody’s Adds Gasoline to the Fire in Cyprus – Downgraded to Junk

by John Galt March 13, 2012 13:00 ET As many of my readers and listeners are aware, I have been tracking the deterioration of the situation on the island of Cyprus for some time, highlighted by the recent possibility of that island becoming the center of a new conflict between Greece and Turkey. On March 4, 2012 the Turkish Prime Minister added to the pyre by stating that the Turkish portion of Cyprus should be annexed by Turkey to: “if ongoing talks between Turkish and Greek Cypriots for reunification fail to…


The Most Dangerous Stock Market in the World is now Down over 90%

By John Galt August 4, 2011 Unlike the U.S. markets, the FTSE in the United Kingdom, or even the DAX in Germany, there is no threat of internal strife, a shooting war, or a religious conflict. In the nation of Cyprus, divided for decades between Turks and Greeks. Orthodox Christian and Muslim, the danger is real and somewhat buried in the back pages as other more pressing issues which impact geopolitics surpassed the region in importance. With the nation divided at gunpoint and distrust at all time highs, the last thing…


7/27 AEP: Europe’s hot summer as Italy and Cyprus join sick list

By John Galt July 27, 2011 And for tonight’s edition from Ambrose Evans-Pritchard, an almost perfect summary and follow up to the articles I posted earlier about Cyprus joining the PIIGS(c) and Italy’s banking issues causing a nasty equity sell off today. Click on the headline below from the U.K. Telegraph to read the entire story: Europe’s hot summer as Italy and Cyprus join sick list Fears of recession in Italy and the Germans’ reluctance to back the EU’s bail-out fund with real muscle have set off fresh eurozone tremors, pushing…


And another EU Nation gets Downgraded: Cyprus A2 to Baa2 Outlook Negative

By John Galt July 27, 2011 Despite the proclamations of a miracle solution of paying off old debt by creating new debt for the PIIGS, it would appear that the entire European Union is heading for the ultimate destination that the U.S. is on: Mega-Downgrades to Credit Hell Cyprus becomes the latest member of the credit downgrade express and here is part of what Moody’s said in their statement this morning (Click on the title for the full statement): Moody’s downgrades Cyprus to Baa1 from A2, negative outlook Global Credit Research…


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