More on Cyprus and the Euro.
Riots coming...
More evidence of just how much socialists/liberals simply do not understand economics.
This crazy cyprus deal could screw up a lot more than Cyprus...
‘Cyprus-Rescue Shows, No Accounts Are Safe!’
http://www.zerohedge.com/news/2013-03-16/everyone-shocked-what-just-happened-and-why-just-beginning
http://market-ticker.org/akcs-www?post=218812
This is coming here too. Get your money out of the market, and out of accounts that the government could get into.
Interesting post. Thanks.
Good chance this will lead to a contagion effect that spreads to other countries in the region.
Russia is especially furious and can be expected to impose retaliatory measures on the bank accounts of EU nationals in Russia.
This violates international law and reciprocal agreements in safeguarding foreign assets.
do you think banks will be open on Monday? How soon before they limit how much you can withdraw in person? ATM’s always had limits I think.
Looks like anyone with any money that wants to deposit (in a sane world) will get a charge and maybe 0% interest rate and possibly negative rate for them holding their money.
This is the stuff of total failure of the system.
I just cannot see how this is legal to legally rob every bank customer of 10% of their holdings. Where is the contract they signed agreeing to this? NO LEGAL STANDING, NO CONTRACTS ENTERED INTO VOLUNTARILY.
Get out of the banks now if you want any of your money. I would consider it. Also consider if you need your 401k money, if you don’t want it federalized propping up bonds, if you don’t want to prop up bonds.
This stuff is getting insanely ridiculous. Heat is being turned up on a hundred different issues.
Still wonder why the DHS is buying all that ammo?
The IMF wanted to tax the depositors 40%, but that was reduced to a max of 9.9% and a bit less than 7%.
The purpose of this was to get money from Russian oligarchs, hiding their cash in Cyprus.
As usual, the elitist banksters, who are international financiers and international corporatists, don't give a damn about our rights or our financial fate. The average citizen means nothing to the Globalists.
They only care about money and the power that comes with its possession.
So the IMF, which is controlled by the same people who “own” the Federal Reserve Banks in our country as well as the Bank of England, are going after the Russians.
The Russians are the only thing between ourselves and a One World government. The Russians here are not "the good guys"; they want global domination for themselves.
He who controls the money supply matters more than who controls governments.
The way we live now.
One of Trollope’s characters, Melmotte, would understand this practice of robbing Paul to pay Peter, and would approve.
I can think of many in our country who think along the same lines: “It’s for the greater good ... trust me my friend, make no mistake about it.”
The beginning of the end of our phony stock market as the Euro begins to crash...
Half of the money in Cyprus banks is kept by non Cypriots!
Slick way to take money from people who can never ever vote against the people who stole it
Now, what bank in the world is a true bank haven safe from the IMF and the Germans and the Chinese? The bank of mattress?