Cypress style confiscation coming to the US and UK

[redrumloa]

It Can Happen Here: The Confiscation Scheme Planned For U.S. And U.K. Depositors

Confiscating the customer deposits in Cyprus banks, it seems, was not a one-off, desperate idea of a few eurozone "troika" officials scrambling to salvage their balance sheets. A joint paper by the U.S. Federal Deposit Insurance Corporation and the Bank of England dated Dec. 10, 2012, shows that these plans have been long in the making; that they originated with the G20 Financial Stability Board in Basel, Switzerland (discussed earlier here); and that the result will be to deliver clear title to the banks of depositor funds.

 

[robert l. bentham]

thank allah for the IMF...

 

[FluffyMcDeath]

thank allah for the IMF...

BRICS are building their own system.

 

[robert l. bentham]

Cyprus may imposes losses of as much as 60 percent on Bank of Cyprus Plc accounts exceeding 100,000 euros

...
Deal Rejected

An earlier deal with the European Union, International Monetary Fund and European Central Bank that would have forced losses on all depositors was rejected by the Cypriot parliament amid concern it would irreparably damage trust in the nation’s banking industry.
not because its wrong to steal from "the people"....... and there would be rioting in the streets, but rather "what is good for the banks"

http://www.bloomberg.com/news/2013-...omers-may-lose-as-much-as-60-on-deposits.html

 

[redrumloa]

Anyone watching this fiasco and still thinks concerns about the "elites" are conspiracy nonsense is an idiot.

 

[robert l. bentham]