Bitcoin-Related Apps Spike In Spain Over Weekend, Alongside Cyprus

Downloads of Bitcoin-related apps started rising in Spain over the weekend. For instance, itcoin Gold spiked in the Spanish iPhone Finance category from 498 to 72, while another app called Bitcoin Ticket zoomed from 526-52 in just one day. Leading service, Bitcoin App, jumped from 194 to 151 from Friday and Sunday while Spaniards took notice of Cyprus.

Newspaper reports about how Germany had originally demanded a 40% overnight levy are not soothing the jitters in Club Med countries.

Bitcoin apps in Cyprus did not move. Perhaps that is because bank accounts were frozen on Saturday and it’s too late to shift money from them,

For anyone in doubt about the constitution of “global governance,” the Cyprus bailout offers a clear cut example.  Russia’s Finance Ministry is eager to pitch in a potential $23 billion in bailouts to get the names of Russians holding bank accounts in the tax haven Cyprus.  Breaking with prior agreements, Russia wishes to force Cyprus to hand over the names and account information. Estimates hold that between   €8 – €20 billion worth of Russian funds are held in Cypriot banks. The Swiss bank UBS agreed to US authorities’ demands to reveal its US customers, so why wouldn’t Cyprus to the Soviet Union?

Yahoo News points out:

Poignantly, the biggest top-10 free app climber on the iPhone during the crisis weekend was a game called Find a Way, Jose! It’s a puzzle where you need to free Jose from a seemingly impossible bind by shrewdly moving obstacles around; a goal that the government of Cyprus failed to achieve quite spectacularly.

“We don’t want a band-aid. We want something that lasts, that is durable and sustainable,” IMF Chief Christine Lagarde said.

That certainly isn’t what the ECB and IMF are promoting.

As a commenter at Dollar Vigilante notes:

The depositors are being ripped so as to reduce the liabilities of Cypriot banks, so the ECB is not seen to be on the hook for so much, since it is the ECB who will be providing the ‘funds’.
The ECB should have just said FU & let the Cypriot banks collapse. It has to at some point otherwise the ECB itself will be recognised as insolvent, like the FED etc.
That’s when the real fireworks start.

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