The Cyprus Great Bank Robbery
Posted By: SARTRE
Date: Wednesday, 20-Mar-2013 05:40:08
Date: Wednesday, 20-Mar-2013 05:40:08
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When does banksters’ extortion become outright
theft? The latest example and escalation by the placing a levy fee on bank
deposits in the tax haven of Cyprus illustrates the bold step of seizing
private liquid saving accounts, under the guise of a government tax. The
prospects of an all out run on the banking system have jumped tenfold.
Essentially, a government is using the power of the state, to steal funds not
because of the bankruptcy of a banking institution, but because of a failure
of the entire EU financial system. The forbidding precedent of a seizure of
individual wealth, by a stroke of a pen, runs contrary to the shrinking
confidence in fiduciary trust of cash placed in banking accounts. Read the entire article on the Negotium archive page http://www.batr.org/negotium/032013.html Discuss or comment about this essay on the BATR Forum http://forum.batr.net/showthread.php?tid=2634 |
1 comment:
I've read that the proposed levy failed at the legislature.
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