March 17, 2013
Over the last few years political and financial leaders in Europe and the United States have implemented policies, regulations and bailouts costing global taxpayers trillions of dollars with the promise that these measures would lead to economic growth and recovery.
What happened in Europe today is yet further proof that nothing theyâ€™ve done has fixed the underlying fundamental issues surrounding the events that led to the crash of 2008.
For those who donâ€™t believe the government is prepared to take extreme measures that may include the seizing of retirement accounts, cash savings or even gold, look no further than Cyprus, the latest recipient of bank bailouts.
As of right now, citizens of Cyprus are scrambling to withdraw funds from their bank accounts after the EU, with agreement from the Cypriot government, announced they will decimate funds held in personal bank accounts to the tune of up to 10% of existing deposits.
You read that right.
The European Union has made the determination that the people of Cyprus are now responsible for the hundreds of billions of dollars in bad bets made by their government and bank financiers, andÂ they are moving to confiscate money directly from the bank accounts of every citizen in the country.
Restrictions have been imposed to stop people emptying their accounts or moving their money out the country after the Cypriot government announced thatÂ up to ten per cent of deposits will be seized and used to bailout the islandâ€™s crisis-hit banking system.
The deal with other eurozone finance ministers is the first time that ordinary citizensâ€™ deposits have been directly raided in this way.
One furious expat said: READ ON @ http://www.infowars.com/confiscation-panicked-europeans-rush-atms-as-leaders-move-to-seize-funds-directly-from-bank-account-holders/
Keep in mind what ever goes on over there almost always comes here. Don't think it can't happen or this isn't similar to an even already taking place remember the great depression. Now it might take some time to hit the US, but I suggest staying very alert to what is going on in the economy and do not pay attention to Obama he is giving you statistical lies to hyper inflate and make everything sound just peachy. IT ISN'T.Â Experts are predicting that by April give or take a few months our economy will collapse.
Remember to we use CYPRUS here in the US.
The Dow is at a record high and so are corporate profits - so why does it feel like most of the country is deeply suffering right now?Â Real household income is the lowest that it has been in a decade, poverty is absolutely soaring, 47 million Americans are on food stamps and the middle class is being systematically destroyed.Â How can big corporations be doing so well while most American families are having such a hard time?Â Isn't their wealth supposed to "trickle down" to the rest of us?Â Unfortunately, that is not how the real world works.Â Today, most big corporations are trying to minimize the number of "expensive" American workers on their payrolls as much as they can.Â If the big corporation that is employing you can figure out a way to replace you with a worker in China or with a robot, it will probably do it.Â Corporations are in existence to maximize wealth for their shareholders, and most of the time the largest corporations are dominated by the monopoly men of the global elite.Â Over the decades, the politicians that have their campaigns funded by these monopoly men have rigged the game so that the big corporations are able to easily dominate everything.Â But this was never what those that founded this country intended.Â America was supposed to be a place where the power of collectivist institutions would be greatly limited, and individuals and small businesses would be free to compete in a capitalist system that would reward anyone that had a good idea and that was willing to work hard.Â But today, our economy is completely and totally dominated by a massively bloated federal government and by absolutely gigantic predator corporations that are greatly favored by our massively bloated federal government.