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(New Europe)   Legitimization of money laundering: It's called the Cyprus Experiment... Is the UK and the USA are establishing the new "safe and secure" offshore centres? Plausible   (neurope.eu) divider line 52
    More: Obvious, Cyprus, USA, Dexia, EU institutions, experiments, transfer pricing  
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1619 clicks; posted to Politics » on 18 Mar 2013 at 9:44 AM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2013-03-18 08:27:00 AM  
there's a TOR site for laundering bitcoins..
 
vpb [TotalFark]
2013-03-18 08:46:18 AM  
Rarely is the question asked: Is our subby learning?
 
2013-03-18 09:30:33 AM  
Can we eat the rich yet?
 
2013-03-18 09:45:12 AM  
But how is babby formed?
 
2013-03-18 09:46:02 AM  
I can haz grammar?
 
2013-03-18 09:48:42 AM  
I think subby is the author of the article as both seem to have been written by someone who is ODing on amphetamines
 
2013-03-18 09:48:58 AM  
Wow, that was painful, I need some Excedrin.
 
2013-03-18 09:49:02 AM  
 
2013-03-18 09:49:45 AM  
Holy shiat Subby. I thought I was having a stroke while trying to read your headline.
 
2013-03-18 09:51:11 AM  
Is subby and modmin are hanged over from Santa Patrik day? Plossible.
 
2013-03-18 09:51:56 AM  
Has anyone really been far even as decided to use even go want to do look more like?
 
2013-03-18 09:52:33 AM  
Also, I love that Putin says Cyprus has no right to determine how to run the banks in Cyprus.

/Guessing he's hiding a billion or two there.
 
2013-03-18 09:53:47 AM  

Apocalyptic Inferno: Wow, that was painful, I need some Excedrin.


Yeah, and that's just from the headline.  I'm not even going to try to read TFA if that's how it's going to be.
 
2013-03-18 09:54:23 AM  

Sock Ruh Tease: Is subby and modmin

are hanged over fromstill blowing each other from Santa Patrik day? Plossible.

FTFY
 
2013-03-18 09:54:30 AM  
Privatization of wealth, socialization of risk.
 
2013-03-18 09:54:31 AM  

Fluorescent Testicle: Has anyone really been far even as decided to use even go want to do look more like?


Hi Subby
 
2013-03-18 09:55:21 AM  
what?
 
2013-03-18 09:56:05 AM  

Dusk-You-n-Me: Everything you need to know about the Cyprus bailout, in one FAQ


Thank you
 
2013-03-18 09:56:25 AM  
I'm guessing the subby speaks Brit-glish, not 'Murican English.

That's why s/he used "is".

/We can all point and laugh at her/him now.
 
2013-03-18 09:56:43 AM  
This headline alone makes me want to nuke Cyprus.
 
2013-03-18 09:57:30 AM  
Is this some European Socialist headline, cause I can't make heads nor tails of what subby's trying to say.
 
2013-03-18 10:00:15 AM  
A clear, concise, accurate headline. I commend subby on a job well done.
 
2013-03-18 10:00:56 AM  

qorkfiend: A clear, concise, accurate headline. I commend subby on a job well done.


Authentic frontier gibberish.
 
2013-03-18 10:02:33 AM  

Lord_Baull: Is this some European Socialist headline, cause I can't make heads nor tails of what subby's trying to say.


Subby is trying to tell you that Little Timmy is trapped in that farking well again.
 
2013-03-18 10:06:46 AM  
Be nice to subby, please.  If it was my money in a Cypriot bank, I'd probably be on my 2nd bottle of vodka too, and worn out from hefting bodies into asbestos abatement containers.
 
2013-03-18 10:09:09 AM  

Vodka Zombie: Lord_Baull: Is this some European Socialist headline, cause I can't make heads nor tails of what subby's trying to say.

Subby is trying to tell you that Little Timmy is trapped in that farking well again.



There's a whole in my heart, as big as a well.
 
2013-03-18 10:13:45 AM  
Dammit! "Hole"
 
2013-03-18 10:14:10 AM  

magores: I'm guessing the subby speaks Brit-glish, not 'Murican English.

That's why s/he used "is".

/We can all point and laugh at her/him now.


As a Brit-glish speaker, Subby was either using drugs or having some sort of seizure.
 
2013-03-18 10:18:05 AM  

Dusk-You-n-Me: Everything you need to know about the Cyprus bailout, in one FAQ


I did find this bit in your link weird:

As the above chart shows, Cyprus' recession was much milder than that in the rest of the euro zone, and for most of the past five years Cyprus has outpaced its neighbors when it comes to growth.

It looks more like it has been weaker than the Eurozone for the last five years, although there isn't much in it either way.
 
2013-03-18 10:18:48 AM  

DemonEater: magores: I'm guessing the subby speaks Brit-glish, not 'Murican English.

That's why s/he used "is".

/We can all point and laugh at her/him now.

As a Brit-glish speaker, is Subby was either using drugs or having some sort of seizure?  Plus-size-able.

 
2013-03-18 10:20:57 AM  
This thread's title makes no damn sense at all.
 
2013-03-18 10:21:21 AM  
Okay, after reading the article, the headline seems to fit right in.
 
2013-03-18 10:33:36 AM  

xria: Dusk-You-n-Me: Everything you need to know about the Cyprus bailout, in one FAQ

I did find this bit in your link weird:

As the above chart shows, Cyprus' recession was much milder than that in the rest of the euro zone, and for most of the past five years Cyprus has outpaced its neighbors when it comes to growth.

It looks more like it has been weaker than the Eurozone for the last five years, although there isn't much in it either way.


The article does a pretty good job of connecting the strange political situation of Cyprus to its even weirder economic situation.  The chart you're talking about was mostly there to point out that there was nothing out of the ordinary, economically speaking, going on there.  The greek crisis laid right into the (heavily greek) debt holdings of Cyprus and just farking *destroyed* their shiat.  Like.  Overnight.

And because they aren't spending their own money, like we are, they can't keep interest rates artificially low, so a debt crisis *does* become a lending crisis, which in turn leads to nationalization which eventually ends up with a nation whose economic future is in shambles.

Capitalism 101 prevails, though.

Privatize the profits.  Socialize the risk.
 
2013-03-18 10:36:32 AM  
I thought HSBC legitimized money laundering.
 
2013-03-18 10:46:17 AM  
As far as I can tell, the EU will bail out Cyprus if Cyprus gives the EU 10% of its banking deposits whether public or private.  How far off am I?
 
2013-03-18 10:53:22 AM  

Insatiable Jesus: I thought HSBC legitimized money laundering.


They had to pay a slap on the wrist fine for it. So basically money laundering is now the equivalent of speeding, only without any chance your license will be taken away if you do it multiple times.
 
2013-03-18 11:27:45 AM  
I have no idea who's behind "New Europe" but its articles read like the FT as written by Sorcha Faal.
 
2013-03-18 11:38:28 AM  
Is they is, or is they ain't. That's what we're trying to find out.
 
2013-03-18 11:43:30 AM  

Dusk-You-n-Me: Everything you need to know about the Cyprus bailout, in one FAQ


Now there's a good link on the topic.  I can see what the plan was: "Let the Russians pay for it".  If that was the actual plan, they should have made the tax only apply to foreigners' bank accounts.  Instead, they did something that obviously triggered a bank run by their own citizens.  What dumbasses.
 
2013-03-18 11:53:25 AM  
has anyone pointed out yet that Subby's headline doesn't make sense?
 
2013-03-18 12:33:58 PM  
What was the Subby trying to say with that headline?
 
2013-03-18 01:50:16 PM  

digistil: Also, I love that Putin says Cyprus has no right to determine how to run the banks in Cyprus.

/Guessing he's hiding a billion or two there.


If I'm a Cyprus politician, I might think about fighting against the tax.  Wouldn't want to be on Putin's bad side.
 
2013-03-18 01:52:34 PM  
Total funds parked in tax havens are estimated at €20 billion by 'The Economist,' and between €20 and €30 billion by the non-government organisation 'Tax Justice Network;' the obvious question is: why is "morality" only applied to Cyprus, which only accounts for 1% of such funds?

TFA misspelt 'trillion'.

Morality only applies to Cyprus because Britain and the US are too powerful to push around.
 
2013-03-18 02:22:06 PM  
Most of the deposits in Cyprus that will get hit with this levy are Russian in origins.

/I'm ok with this.
 
2013-03-18 02:47:54 PM  
i love how the wizards of smart that run the world think the way to fix our economies are to steal money from the people who save to bail out the people who get themselves into financial debt holes they are unable to climb out from.

To summarize the solutions to our financial problems:

People who save and accumulate wealth: penalize
People who pile debt and destroy wealth: reward

Surely this will lead to great things for our future when these lessons are learned.
 
2013-03-18 02:58:27 PM  
I congratulate the subby on finding the least interesting and most complicated article available for which to start a discussion on what could be a domino-effect of toppling European countries.  Kudos.
 
2013-03-18 03:51:55 PM  

digistil: Also, I love that Putin says Cyprus has no right to determine how to run the banks in Cyprus.

/Guessing he's hiding a billion or two there.


Uhm no, Russia was in on this deal.
 
2013-03-18 04:06:29 PM  
Best headline since 'Pricipal caught sayof.'  I think the formula for this one should be something like:  It's called the [Whatever]  Experiment... Is the [single subject] and the [single subject] [plural present indicative verb] the new [singular object]? Plausible

So this article would be: "It's called the Syrian Experiment... is the British and the French are arming the new rebel? Plausible"
 
2013-03-18 04:09:59 PM  

HotIgneous Intruder: Most of the deposits in Cyprus that will get hit with this levy are Russian in origins.

/I'm ok with this.


First they came for the Russian's bank deposits and I said nothing because I wasn't Russian...
 
2013-03-18 04:36:36 PM  
Is the are!? IS THE??!
 
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