Cyprus has four days to agree on a new plan to raise funds to avoid bankruptcy, otherwise the ECU will pull the plug on the country’s banks at the start of next week if no solution is found. The ultimatum finds the Cypriot government racing to devise a plan that will please both Parliament and international creditors. Leaders will consider a range of measures that could raise the billions of euros needed to qualify for €10 billion in rescue loans from the ECU and IMF. These partners in crime in my opinion are using these people to see what they can get away with. Taking money directly from individual’s accounts is nothing more than thievery! This is not about wrestling wealth but control of the masses. When are the people responsible going to be held accountable? Heads need to start to roll if solutions are to be found.

Cyprus is considering an “Investment Solidarity Fund” that would appeal for donations from ordinary Cypriots, businessmen and foreign investors. Lawmakers soundly defeated an earlier proposal to seize up to 10 per cent of all domestic deposits because if they passed it there would be blood in the streets! They need to restructure the troubled banks, and accept some form of Russian help by dipping into pension funds and taking up an offer from Cyprus’ wealthy Orthodox Church to contribute. Some form of tax on bank deposits is also possible. Russia is likely to pitch in, as nearly a third of the €68 billion euros in deposits in Cyprus’ are held by Russians. I was recently told the Russians maintain close to $1 Trillion within Cyprus as the media prints only what the government wants the people to hear.

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