Well you can't have an economic situation where there is so much phony debt into the trillions and NOT have it happen. An analogy might be the banksers got a new car (repeal of the Glass Steagall Act), started it up and it somehow got away from them. They plead innocence but they knew damn well what was going on. In that Frontline report that Raunchy posted a link to here a couple months back, folks who could have mounted an investigation and prosecution said they can't because it's very difficult to prove.
I also mentioned that Max Keiser has been predicting this for some time and targeted April for everything to blow up. He doesn't do this by astrology but by observing the logical progression of things. I do the same. Max also worked in the stock market industry and was the computer programmer who developed the "Hollywood Stock Exchange." So he knows what he is talking about and does so with some good biting humor: http://maxkeiser.com/ All I can say when this happens in the US is "don't be nice". Don't roll over like a sheep. Get your neighbors to do same. We need to band together and fight back. On 03/18/2013 11:06 AM, John wrote: > This could be a precursor as to what would happen to the rest of Europe and > the USA. They're saying the economy is getting very unstable that the > depositors will have to pay money to keep their deposits safe. In this case, > the government has frozen the people's asset to prevent chaos in their > country's economy. > > --- In FairfieldLife@yahoogroups.com, merudanda <no_reply@...> wrote: >> BANK CLOSED IN CYPRUS! Government to seize 10 percent of all savings & >> deposits! >> http://www.bloomberg.com/news/2013-03-17/europe-braces-for-renewed-turmo\ >> il-as-cyprus-deposit-levy-at-risk.html >> <http://www.bloomberg.com/news/2013-03-17/europe-braces-for-renewed-turm\ >> oil-as-cyprus-deposit-levy-at-risk.html> >> All banks will this weekend have electronic transfer frozen while a >> bailout is brought in and then on Tuesday, 19 March, ten percent of all >> savings will be taken from every depositor and transferred to central >> planners and banksters who take on all this risk and when it backfires, >> don't want to take a haircut. >> >> The most plausible explanation is that the Cypriot government "ask for a >> contribution of all deposit holders,"is not to wipe out non-resident >> depositors and jeopardise its long-term prospects as an offshore >> financial centre for Russian and other money . Depositors have come >> through the financial crisis largely unscathed. Now they have been >> bailed in, see strong social indignation and the beginning of something >> along the lines of the 1930s >> > >
