Who's Next After Cyprus...Eventually The U.S.

Will a bank account seizure tax ever happen here?

Spain, Italy, Greece, Portugal and perhaps even the United States.  Stuart Varney on Fox Biz earlier this morning.

The common global trait - drowning in debt.

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Nuclear war on savings and wealth.

Comments

[Cheyenne]

Well, at least Fox is covering the theft, even if they mangle the issues beyond recognition.

First off, the notion that this is a tax is an absurd lie propagated by the thieves who are stealing money right out of people's accounts. Taxes are the product of legislation and can't reach back in time. The Cypriot account confiscation thus fails as a "tax" on at least two scores. That people in the media can even call it a tax without a bag over their heads tells you a lot more about the media than it does about the transaction.

Second, the idea that Cyrpus is targeting "dirty Russian money launderers" is complete bullshit that ducks the real issue: cui bono? Who's behind the theft from accounts? Bankster bondholders who knowingly made bad loans, that's who. Tough shit for them. Once again criminality and ineptitude is rewarded with money stolen from innocent bystanders. The media ignores the perpetrators and smears the victims. Have any of the alleged Russian money launderers been convicted or accused of any crimes? No. Hell, they haven't even been identified. This bad depositor meme, aside from diverting attention away from the source of the problem, has the implicit side effect of undermining the presumption of innocence--as if it's up to the good honest folks in the media to mete out justice. FUCK the media. Show me a conviction.

Third, can it happen in the U.S.? Sorry, already has. But Fox slept through MF Global even though it was one of Obama's main guys who did the stealing. Once again: it's the media's job to ignore the real thieves even when they're on the side of Fox's supposed enemy, Obama. How many times does the left-right paradigm have to be exposed as a puppet show for people to get it.

Finally, the so-called "rich." People with more than 100K Euros in their bank accounts aren't rich. They're elderly or they've done well for themselves. The real "rich" are the thieves who've got politicians on their speed dial so they've got someone to call when their fraudulent loans go bad. I doubt any of the real rich even has a bank account in Cyprus.

Wake the fuck up people.

[DailyBail]

Eurogroup Folds: Tells Cyprus To "Safeguard" Depositors Under €100,000 Euros; Angry Russians To Get Even Angrier

http://www.zerohedge.com/news/2013-03-18/eurogroup-folds-telld-cyprus-safeguard-depositors-under-%E2%82%AC100k-euros

The Russian response to the discovery that haircuts on big deposits just rose from 9.9% to over 15.6% will hardly be warm and cuddly. Now may be a good time to ban gun (and plutonium) sales to angry Russian billionaire oligarchs.

[DailyBail]

Daylight robbery in Cyprus will come to haunt EMU

http://blogs.telegraph.co.uk/finance/ambroseevans-pritchard/100023466/daylight-robbery-in-cyprus-will-come-to-haunt-emu/

Ambrose Evans

[DailyBail]

AMAGERBANKEN - $2.8 Billion Bank Failure In Denmark: Senior Bondholders Whacked 41%

http://dailybail.com/home/amagerbanken-28-billion-bank-failure-in-denmark-senior-bondh.html

What should have happened in Cyprus.