Good for them. But this just highlights the fatal flaw of the EU monetary union. It cannot survive.
Cypriot lawmakers reject deposit seizure bill
It's all falling into place for Cyprus to become a Russian satellite.
Ask a leftist
So... do you think the government would be more or less likely to try this here if they confiscated all firearms first?
But, just for the record, who was going to receive the stolen funds?
Possible answers: The Banks, The Government. FreeRepublic.com
does the gov’t have to resign?
They got caught by Twitter! The new media prevents a midnight coup. Like our roaches in Washington, if people find out how they are selling us out soon enough to turn on the lights, they scurry for the dark corners.
Lets remember this and turn on the lights in the legislative houses across the country.
There are so many ways our states and feds can $crew us.
In California, the left wingers in control of the capitol are trying to enforce back taxes on tech start up investors.
Not only are they after the so called back taxes, they want penalties for late payments for past refunds:
“Engineers and hackers don’t think much about tax policy, but there’s a bizarre development in California that they should know about, since it could reduce the pool of angel-investment money available for tech startups. Under a tax break available since the 1990s, startup founders and other investors in California were allowed to exclude or defer their gains when they sold stock in California-based small businesses. Last year, a California appeals court ruled that the tax break was unconstitutional, since it discriminated against investors in out-of-state companies. Now the Franchise Tax Board, California’s version of the IRS, has issued a notice saying how it intends to implement the ruling and it’s a doozie. Not only is the tax break gone, but anyone who claimed an exclusion or deferral on the sale of small-business stock since 2008 is about to get a big retroactive tax bill. Investors, entrepreneurs, and even the plaintiffs in the original lawsuit are up in arms about the FTB’s notice, saying that it goes beyond the court’s intent and that it will drive investors out of the state. This Xconomy article takes an in-depth look at the history of the court case, the FTB’s ruling, and the reaction in the technology and investing communities.”
There are times when rioting in the streets is justified.
Like the rifle that’s hung over the mantel in Act I, the idea is in play now.
Sometime before the final curtain that rifle will be fired.
The piece of shit transvestite LaGarde and the IMF and the New World Order scum bag bankers got a set back.
Next time they won’t give the citizenry a chance to mobilize.
the haircut being rejected, now the German barber will keep his money and not make additional loans to subsidize the Cypriots
It’s not an EFFIN’ “haircut”. It is despotic theft. And similar actions are forthcoming until there is serious resistance that *forces* it to stop.
This is why the framers of the Constitution included the 2nd amendment.
They’re blaming the Eurozone in a political ploy to deflect responsibility.