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Topic: 2013-03-16 EPJ: Cyprus: IMF Goes Directly After Bank Depositor Money - page 2. (Read 2339 times)

legendary
Activity: 4466
Merit: 3391
It looks like Too-Big-To-Fail isn't just an American problem.
hero member
Activity: 731
Merit: 503
Libertas a calumnia
This is sick.

Please someone let know cypriots that is why Bitcoin exists, I think this will learn the lesson very, very fast.
hero member
Activity: 588
Merit: 500
Small but very nice and relevant mention:

Quote
This is an extremely bold move to prop up a government and the banksters that loan it money.  It could cause bank runs in country's with shaky finances. It also signals very clearly the importance of keeping some money in a form that can not be easily grabbed by the establishment in panic. Think gold, silver, nickels and bitcoins.

http://www.economicpolicyjournal.com/2013/03/extremely-disturbing-imf-goes-directly.html

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