Posted on 03/17/2013 10:52:43 AM PDT by WriteOn
I agree that Obama is a ways away from doing this. But if you had big deposits in other failing euro countries, your money will beat feet to somewhere. You don’t get two chances to do this. So where does it go? Dollars? yen?
The list is getting shorter by the day.
This might be the Arch Duke Ferdinand moment...time will tell.
Yep. It is. But the state always has the right to steal. That’s what taxes are. :)
Everyone wants to call taxes state-sponsored theft. But that’s what taxes are. Get over it. It’s not like you’re going to go round up a posse and hang Obama for the 2% haircut you’re taking this year.
Lot of Russian money in our banks as well.
That could have happened a week ago. Private property is joke in this country. Nothing is different today, except that someone did it in Cyprus. Not sure why the undies are in a bundle except that potential became actual somewhere far away.
401ks and IRAs are next.
No, they are not. I’m beginning to think this was designed by the EU to chase money out of Cyprus and move capital to other EU banks. And it is working. Obama has no interest in chasing your investments out of the US.
Yeah. This is the exact reason for the move. To chase money out of Cyprua. Bingo.
I disagree. There is no insurance against taxes.
This is about getting depositors to leave Cyprus.
I have been telling friends for 5 years that the real fun starts when the banks don’t open their doors. Hopefully some will now understand and move their assets accordingly.
He and all politicians have been stealing from you every day since 2008. The purposeful debasement of a currency is theft as much as any other way and we have lost much more than 9.9 percent
And that justifies the EU in seizing private property and giving it to someone else?
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