Jeff Danziger by Jeff Danziger

Jeff Danziger

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  1. Chillbilly

    Chillbilly said, over 3 years ago

    ^Haha! “soviets”? Good soviets don’t invest in tax havens because:

    A. The Soviet Union collapsed over 20 years ago.
    B. Soviets were pledged to believe in sharing capital.

  2. mikefive

    mikefive said, over 3 years ago

    This cartoon doesn’t make much sense since "Such losses would be “a great shame”, First Deputy PM Igor Shuvalov said, “but the Russian government won’t take any action in that situation”." (BBC World News)

  3. Justice22

    Justice22 said, over 3 years ago


  4. californicated1

    californicated1 said, over 3 years ago


    Officially, the Russian Federation Government would not need to take any action regarding the Cyprus Banking Crisis—they would be exercising it through unofficial means through their citizens who made those deposits and invested in the Cypriot banking system.

    Besides banking, the Russians also invested heavily into other Cypriot business ventures, especially Natural Gas off the coast out there in the eastern Mediterranean.

    What the Russians can’t take out of Cypriot banks may be taken out of the rest of the Cypriot economy and funneled out of Cyprus into somewhere else that the Russian who owns it may find more profitable, converting that resource into more cash that they can use somewhere else.

    And if one can get enough of those Russian “Oligarchs” out there to act in concert in regard to getting their investment out of Cyprus, either in the form of currency or in the form of other resources that could be sold for currency, that would do more to affect change in the Cypriot economy than any official government act that the folks in Moscow and St. Petersburg could dream up and enact officially.

    The problem in Cyprus was the Cypriots’ own doing when they chose to place a heavy emphasis on wooing international investment into their banking system with no real tangible product out there that people could point to as an “export”—much the same way the British tried to do after World War II and had the same results, the same crises that Cyprus now faces, back in 1964.

    And with Cyprus collapsing, it only means that we must look at other places around the world who do the same kind of business with a more power microscope, like Guernsey and Jersey Islands out there in the English Channel as well as the folks in the Caribbean and out there in the Pacific.

    When an economy bases itself heavily on the currency being traded, currency that has no real value other than the “full faith and credit” of the government issuing that currency, it makes either for a stable economy out there when times are good for that government backing the currency and the people using it, or for a troubled economy when the government back home that backed up the currency is having problems.

    And like that “stone in water”, it will have further ripple effects for the rest of the economy or economies that were dependent on what was happening in Cyprus.

  5. Robert Landers

    Robert Landers said, over 3 years ago

    You are even more incoherent than usual!

  6. mikefive

    mikefive said, over 3 years ago


    Thanks for the information. I wasn’t aware that Cyprus had anything to sell on the world market. Although not entirely the same, maybe Cyprus should have been paying attention to Iceland as far as getting over involved in world markets and started to scale back.

  7. Uncle Joe

    Uncle Joe GoComics PRO Member said, over 3 years ago

    “Cypress; Russia’s baking answer to the Cayman Islands.”

    Come for the secret bank accounts, stay for the baklava!

  8. Uncle Joe

    Uncle Joe GoComics PRO Member said, over 3 years ago

    “Remember Alicia Munnell?”

    I think you may have not looked at any actual news since 1994, which explains a lot. Munnell was Assistant Secretary of the Treasury for Economic Policy. That’s one of ten Assistant Secretaries to the Treasury. I haven’t seen anything confirming your story other than unsupported Internet comments like yours. I doubt that Munell had that much influence, even if she was seriously proposing the idea in 1993.

    Whatever her ideas were 20 years ago, these days Munell is advocating the radical, socialist plan to make people work longer before they can get Social Security.

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