Cyrpus suffered a banking crisis in 2013; many people with money in the bank had a portion of that taken from them. The term"Cyprussed" has been cited in print since at least March 20, 2013 and “Cyprused” since at least March 21, 2013.
Another term for the Cyprus financial crisis is “Cyprus virus.” A similar financial term is “Corzined.”
Wikipedia: 2012-2013 Cypriot financial crisis
The 2012–2013 Cypriot financial crisis is a major economic crisis in the Republic of Cyprus that involves the exposure of Cypriot banks to the Greek Debt Crisis, the downgrading of the Cypriot economy to junk status by international rating agencies, the consequential inability to refund its state expenses from the international markets and the reluctance of the government to restructure the troubled Cypriot financial sector.
The Pacific Gate Post
WEDNESDAY, MARCH 20, 2013
Cyprus: A Moral Dilemma?
The volume of ink and airtime being propelled our way on the country of the week, dissecting and analyzing its past, present, and future, may well catapult the name of a small island at the eastern end of the Mediterranean into a verb. How long before North Americans get “Cyprussed”?
Bond crash dead ahead: tick, tick … boom!
And when this happens get ready to by Corzined to be Cyprused and more. Hope you have gold, silver, cash and bitcoins!
This entry was posted in Headlines and tagged bonds, get out on March 21, 2013 by stacyherbert.
Let’s Get Cyprused
-- Posted Wednesday, 27 March 2013
My Two Cents
By Andy Sutton
There is little doubt that the past two weeks have brought about dramatic changes in most circles regarding the way people look at banks, bank deposits, and the monetary situation in general.
Wall Street Pit
Invest in Gold or Your Bank Account Could Be ‘Cyprused’
By Bill Bonner Mar 27, 2013, 11:26 AM Author’s Website
Stocks continued mostly going up last week. Gold bounced up and down… but held above $1,600. Most people would much rather have stocks than gold.
EU Morning Report - Who will be ‘Cyprussed’ next
Written by NikolasX
Thursday, 28 March 2013 08:28 GMT
The euro (EUR) dropped sharply against the US dollar (USD) before recovering somewhat.
A Slow Motion Run On European Banks Will Benefit Gold
By Tim Iacono
Apr 2 2013, 01:03
Of course, this precedent doesn’t bode well for countries like Spain and Italy where, with the first sign of new sovereign debt troubles, there could be a major run on banks by large depositors who fear they too might be “Cyprused” (a new verb that has just entered the lexicon).
Wednesday, April 10th 2013 - 07:20 UTC
G8 Foreign ministers summit in London takes off wish ambitious agenda
6 Fido Dido (#)
Apr 10th, 2013 - 02:06 pm
Conclusion, when their friends the banksters are in trouble, want to confiscate your bank account, they take you to war to distract you. Don’t pay attention to Cyprus (a blueprint / template for future confiscations)..because you will get “cyprussed”..one day.
April 12, 2013 at 9:09 pm
IRELAND in a couple of hours about to be cyprussed
Fed Governor Stein Warns When A TBTF Bank Fails, Depositors Will Be Cyprus’ed
Submitted by Tyler Durden on 04/19/2013 15:50 -0400
The Financial System is Completely Corrupt and Broken. Buy this ETF!
Capitalist Exploits’s pictureSubmitted by Capitalist Exploits on 05/14/2013 22:15 -0400
I think it’s indicative of a problem when, half-jokingly, the vernacular increasingly being used in the popular media includes: being “Corzined” and “Cyprus’d”. The former meaning having your money stolen from or via the equities market, and the latter being theft directly via the banking system.
New York City • Banking/Finance/Insurance • Saturday, April 20, 2013 • Permalink