It would be naive to believe that the destruction of the Cyprus offshore zone was a “terrible mistake” of European politics made in a noble struggle with offshore companies in general or those where Russian oligarchs are laundering their money. The analysis shows that this is a part of the plan for building a new world order required for the forthcoming collapse of the U.S. debt pyramid.... 

Traders at work at the Frankfurt Stock Exchange European stock markets have plunged after Cyprus struck a 10-billion-euro ($13 billion) bailout deal to save the country from bankruptcy. The stocks fell on Monday afternoon after Dutch Finance Minister Jeroen Dijsselbloem, who heads the Eurogroup of eurozone finance ministers, said that the Cyprus model, which includes a heavy tax on bank deposits, could... 

Large depositors stand to lose up to 60 percent of their savings as Cyprus enforces the controversial conditions of a €10-billion bank bailout from the eurozone and the International Monetary Fund. Officials said that deposits over €100,000 ($128,225) at the country’s largest bank will lose 37.5 percent of their value after being converted into bank shares. The losses could increase by another... 

Cypriots queue for banks, which reopened after 12 days Thursday, as President Nicos Anastasiades cuts own wages by 25%. The Cypriot foreign minister promises banking restrictions will be lifted in “about a month”. A European Central Bank (ECB) spokesman confirmed that 5 billion euros were flown into Cyprus from Germany late Wednesday in time for the reopening of the banks on Thursday, The ECB... 

The central bank in Cyprus has imposed an ATM withdrawal limit of 100 euros per day for the island’s two biggest banks, in order to prevent a run on lenders. A spokesman for the country’s second largest lender, Cyprus Popular Bank, told Reuters that the new measure began at 1pm local time (11am GMT) and would remain in place until the bank reopens, or until confirmation of continued emergency... 

Germany is looking for ways to fund its major geopolitical projects. Taking money from the German citizens is dangerous as it may not be appreciated. German authorities set their sights on Russia. The Germans will take money from Russia without even asking for permission. Recently the Russian-German relations have not been the greatest. Of course, they are not at the level of the Russian-American... 

A Ministry of Foreign Affairs (MFA) “urgent bulletin” being sent to Embassies around the world today is advising both Russian citizens and companies to begin divesting their assets from Western banking and financial institutions “immediately” as Kremlin fears grow that both the European Union and United States are preparing for the largest theft of private wealth in modern history. According... 

In Nigel Farage’s first TV appearance since the Cypriot wealth tax was announced, the Englishman pulls no punches. In all his years and all his experience of the desperation of the European Union’s leadership “never did [he] think they would resort to stealing money from people’s savings accounts.” The simple fact is that they know they cannot let any country leave, no matter how small,... 

Cypriot MPs vote on a controversial bailout package during a parliament session in Nicosia on March 19, 2013. The Cypriot parliament has voted against a revised bank deposit levy. The tax was meant to shave 9.9% off any deposits over €100,000 and has since caused uproar in the country. Thirty six deputies voted against the proposal to tax bank deposits in the 56-member chamber, while 19 abstained.... 

Britain’s Royal Air Force is flying out one million euros ($1.3 million) in emergency loans for UK military personnel, as a “contingency measure” in case debit cards and cash machines stop working on the island. Britain’s ministry of defense (MoD) said the flight has a “contingency measure” in case banks in Cyprus stop giving out cash, as the country deals with the fallout from a controversial... 

Cyprus will collect 3.5 billion euros from Russian citizens, taking into account the total amount of deposits. The country is in the process of discussing one-time write-off of 9.9 percent of all deposits exceeding 100,000 euros. Smaller deposits may expect a smaller collection of 6.75 percent. The outflow of Russian money from Cyprus is obvious, but the question is – where will it go? All Cypriot... 

A truly grim Ministry of Finance (MOF) report circulating in the Kremlin today says that a state of “horror and shock” has descended upon the European Union this weekend after the unprecedented announcement that all of the bank depositors in Cyprus will be forced to give up a percentage of their savings in order to bailout their EU bankster overlords. According to this report, EU officials demanded... 

Cyprus may lose financial support from the EU due to “suspicious ties” with Russian oligarchs. According to information published in Spiegel magazine, the German Federal Intelligence Service suspects that the loan, which the EU and the IMF may give the country, will only sweeten the life of Russian businessmen who keep their money in Cyprus. It was written in Monday’s issue of Spiegel... 

Demetris Christofias, the Greek Cypriot President, who is the only communist leader within the European Union, has taken over the EU Presidency for a term of six months. The EU presidency is a largely ceremonial role, but it is also a role that involves planning the blocs agenda and chairing many of its meetings at this pivotal time, especially with the Euro currency imploding rapidly. Are we to be... 

The Cypriot government has issued a statement confirming that it has officially made an EU bailout bid, citing heavy exposure to debt-stricken Greece. This makes it the fifth state within the currency union to ask for help. The request comes just days before a deadline to recapitalize one of the country’s largest banks. “The purpose of the required assistance is to contain the risks to the Cypriot...