2013-03-21

Banking

“What is happening in Cyprus is disgraceful. The principle that there is no division between your private property and communal property which may be appropriated by the government whenever it sees fit is an outrageous one in any system other than Communism. The idea that a government which has chronically misspent may order the banks to close and deduct a sum of its choosing from a person's balance before allowing it to re-open is beyond parody.”- Thomas Pascoe, Telegraph

CONFISCATION: Panicked Europeans Rush ATMs as Leaders Move To Seize Funds Directly From Bank Account Holders ... http://www.wealthwire.com/news/global/4662?r=1

Democracy is a fiction when no matter who you vote for, the banks and bondholders win control of the national income stream and private wealth...http://goldsilver.com/news/the-deeper-meanings-of-cyprus-charles-hugh-smith/