back to the mattresses.
If they get away with it they will do it again, you can bet countries around the world are watching and learning
Everybody sell! I’ve been waiting for he discount.
Scares me too, I’d switch to gold but I suspect its a bubble waiting to pop.
Europeans are converting euros into dollars and buying gold. America has always been viewed as a secure haven during crisis. The result is a big transfer of capital into the US economy which bolsters the dollar and the economy despite Obama’s bad policies. Gold also rises due to increased demand and long term uncertainty about the American economy.
wow... this is honestly the scariest thing that’s happened since the beginning of the great recession!
Government has basically invented a new way to cause a run on banks!
This one action has the potential to collapse the entire world economy as paniced people rush to withdraw their money from the bank.
The Beast must feed.
he Mexicans were a little more circumspect. Back in the ‘70s, I think, they seized all their citizens’ dollar bank accounts and converted them to pesos, then devalued the peso by something like 45%, then said the depositors could convert the remains back into dollars. Not many, if any, did.
Unfortunately, it’s highly likely that the Cypriots are giving Obama ideas.
Wont be long before Europe realizes the importance of the 2nd Amendment. And if Dems keep talking about “managing” our 401Ks they too will find out the exact definition of the 2nd Amendment.
As I understand it, the tax is Germany’s condition for bailing out the Cypriot banks. If Germany doesn’t bail out the banks, what happens to depositor’s money?
Them, and the EBT card people.
CW2 will not solve the problem, but if it does happen, let them carry the responsibility with their very lives.
Once our money is wasted by our politicians, there won’t be anything left to bury our remains.
Send them the bill for the funeral expenses. LOL.
Gee, ya think?
“...If this happens here, prepare for CW2....”
The sock puppet is planning on it. Rest assured. That’s why he needs that standing domestic army that just purchased all those hollow point bullets.
It’s not “IF”, it’s WHEN!!! Anyone with half a brain can see it coming.
I don’t have much, but I’ll be at the door when the bank opens first thing in the morning and pulling it out. Screw FDIC, the Fed, Obama and the rest of their sorry asses. I worked too hard for it and it’s not drawing hardly interest in there anyway. I’ll take my chances with it in my own hands.
So, the government taxed 60-70% of their incomes (including a lot of non-revenue producing bureaucratic jobs) so they net 30-40% then they take 10% of that....?
Socialism is a AAA team out outright Marxism.
Ah, the marxists among us are salivating! This is their dream! How they would love to take the money that normal people have accumulated through hard honest work without any special privileges.
How they would love to keep it or give it to the lazy slobs who vote democrat!
What genius thought it was a good idea to take 10 percent of Cypriots’ savings? This kind of larceny isn’t going to engender faith in European banks.
Mods, why was this taken out of Breaking News?
It is HUGE!