1. Record Bank Heist In Cyprus Spells An End Game For Your Wealth
2. The Great Cyprus Bank Robbery Shows That No Bank Account,
No Retirement Fund And No Stock Portfolio Is Safe
Monday, 18 March 2013
The Rape Of Cyprus By The European Union & The IMF
Submitted by Tyler Durden on 03/17/2013 23:38 -0400
Submitted by Mark J. Grant, author of Out of the Box,I have been watching articles pour forth about Cyprus all weekend. I am almost as aggravated with the majority of them as I am with what took place. People are dancing around the edges while the propaganda machines of Europe are churning out the usual bunk.
Let's get some things straight and look what has happened directly in the face. There was no tax on the bank accounts in Cyprus. There still is no tax; the Cyprus Parliament has not passed it and will not vote on it until tomorrow so whatever action takes place it is retroactive. Next, this was not enacted by Cyprus. The people from Nicosia did not go to the Summit and ask to have the bank accounts in their country minimized to help pay the bills. Far from it; the nations of Europe, Germany, France, the Netherlands and the rest, demanded that this take place, a "fait accompli," the President of Cyprus said and Europe annexes Cyprus. Let's be quite clear; the European Union has confiscated the private property of the citizens in Cyprus without debate, legislation or Parliamentary agreement.
A bank account is not a bond or a stock or any sort of investment. This seems to be lost on many people. A bank account is the private property of a citizen or a corporation and does not belong to the government or at least that was the supposition up until now in Europe.
Next there is deposit insurance in Europe. Every country has its own version but it is there. It guaranteed the bank accounts of citizens up to one hundred thousand Euros. So much for the meaning of any guarantee in Cyprus or any other country in Europe. Null and Void! If the European Union can dismantle deposit insurance in Cyprus they can damn well do it in whatever country they please and at any time.
Here’s the description of the Cypriot government deposit insurance plan:
Once again calling for a cut-off of the IMF. No kidding - now let’s talk about the doubling of federal spending and we’ll be making some sort of headway. The problem is that while this is the right message in regard to the IMF one has to ask when we’re going to see similar bills to cut off the crap in the United States? THE MADNESS HAS TO STOP AND THIS MEANS THAT THE GOVERNMENT MUST RUN A SURPLUS! WE CANNOT HAVE DEBT GROWING FASTER THAN GDP - NOT IN THE ECONOMY AS A WHOLE AND NOT IN THE GOVERNMENT. THIS IS MATHEMATICS, NOT POLITICS. |