Coming soon to a bank in your neighborhood.....
In spite of the point made in the article, this move is unprecidented and a ground-changer. I predict that Cyprus
will only be the first to make this move.
High level pure theft. Legitimized by its justification.
This will happen elsewhere - with the consequences that were predicted......
Whatever is in a bank is NOT safe.
Good friend FFL (gun dealer) had his assets and accounts seized/frozen by Bank of America a month ago - even his safety deposit box. Had to arrange scheduled meeting to get his assets out, BoA bounced checks when they froze the funds even though the money was in his business account.
So, it’s already here in a slightly different form......
Yes, don’t buy their lies in Cyprus. This is a trial balloon. I hope everyone who has their money in a bank in Cyprus pulls it out immediately.
And the original proposed scheme was to go after 40% of Cyprus depositors’ money.
What was their reason for such an action?
” - even his safety deposit box.”
No one today who has any understanding of what is going on and coming down would have anything in a bank safety deposit box. It is the least safe place to keep anything of value...maybe a numbered acct box in Switzerland would be a ‘safe’ option, though I would not trust that either.