The unthinkable has happened.
The IMF and European Central Bank, with the complicity of the
insolvent Cypriot government, have arbitrarily 'levied' (read: stolen)
up to 10% of people's savings across all Cypriot banks, to 'save
the Cypriot banking system and steady the Cypriot economy'.
On Tuesday morning, hundreds of thousands of depositors could
wake up to find themselves with 10% less money in their accounts.
And where will this money go?Well that's the REALLY extraordinary part. It will go... to the banks!
"In a radical departure from previous aid packages - and one that gave
rise to incredulity and anger across Cyprus - the ministers are forcing
the nation's savers to pay up to 10 percent of their deposits to raise
almost 6 billion euros." - Reuters
“Unfortunately, most people don't know what's happening. They don't
know that their government is insolvent, and that the only way they
can persist is to go deeper into debt and devalue their currency.
They don't know that the money in their bank account isn't safe.
And they don't have any idea how far their government will go to
maintain the status quo."
http://www.sovereignman.com/
And if you think this can't happen in your country, think again.
This was just a test, in a tiny country, to track and measure how
the population will react. Get ready of a roll-out of such measures
in other countries as well.
Already the elite are using this as an excuse to fast-track their plans
for a pan-European 'banking union'.
In other words: we are one step closer to having the EU control the
finances and budgets of its member states -- which of course has
been their plan all along.
When governments can just go into their citizens' bank accounts
and take billions of dollars, pounds, euros, etc. at will, we really
are close to the end of the financial system as we know it.
A well-placed insider tells me that this is just another step towards
the introduction of the new 'one world currency' in 2014, which
will entrench the banking elites' power.
And of course, this will be presented to the population as the
solution to all our financial problems...
When the Russians invaded Czechoslovakia in 1968, with 500,000
soldiers, they installed a puppet communist regime that expropriated
people's property. All the land, farms, properties, and assets that
people had worked and saved for their entire lives...
...was now the property of the government.
The IMF has achieved the same outcome -- totalitarian expropriation
of your assets -- without firing a single shot. They use debt as their
weapon.
More than ever before, it is vital that you become a laptop entrepreneur,
develop multiple streams of income, and create virtual businesses that
allow you to work from any country in the world. Visit us know at
www.business4thepeople.com right now and begin your journey to financial
freedom and Independence..
==========
Quote Of The Day
==========
"I understand that electorates in Germany and northern Europe demand
some sacrifice. However, when you accept a solution that basically
expropriates 10 percent of deposits, you set a dangerous precedent.If we get into deeper trouble, God help us, they may try to take
50 percent."
― Vladimir Dlouhy, former Czech economy minister
"Because about 35 per cent of all deposits are below the threshold
of 100,000 euros, exempting them would mean a rate so high for the
rest that it would no longer be viewed as a tax.
If this is successful then it will be used in the future. [I predict]
Spanish and Italian banks could face similar levies."
― Senior Cypriot official involved in the talks
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Stats Of The Day
==========
550 million euros
Amount found in former Greek Prime Minister George Papandreou's
mother's bank account in Switzerland.
― Source: George Papandreou’s mother ‘linked to €550 million Swiss bank account’
http://maxkeiser.com/2012/12/
Editor's Note: George Papandreou was in power when he agreed to
the IMF's 'rescue package' that essentially privatized Greece to the
benefit of the banking elite. Half a billion seems a fitting payment
for the sale of a nation.
After all, Tony Blair is reportedly earning £50 million pounds a year
since he left office. I wonder what HE had to do to get such generous
payoffs.
And I wonder how much the banks will remunerate the Cypriot
politicians for their services rendered. Maybe 50 million euros each?
Enough to turn anyone's head.
I'll repeat it again....
More than ever before, it is vital that you become a laptop entrepreneur,
develop multiple streams of income, and create virtual businesses that
allow you to work from any country in the world. Visit us know at
www.business4thepeople.com right now and begin your journey to financial
freedom and Independence..
