Topic: Wealth confiscation goes global - page 2. (Read 2735 times)
*Cough* Poland *Cough*
Cyprus was a money laundering and tax evasion industry. People who had funds there gambled with them... and lost.
so is delaware, english channel islands, luxemburg, switzerland, lichtenstein, cayman islands, ... ...
you imply it was ok to seize funds ? what about regular companies bank accounts in cyprus ? or do you really want to say there were only criminals making business on this island ?
yes it was OK to seize the funds.
people need to wake up, banks aren't a big safe to store cash into, they are more like a index fund you buy into, but you'll get cheated out of any profits they make, and bare the losses. some banks take big risks with depositors money, and others play it safe.
the problem isn't the banks its the people blindly depositing. if people asked questions, and looked to place their money in banks that play it safe, pretty soon all banks would be playing it safe. and it use to be like that, and then to big to fail happened.
Cyprus was a money laundering and tax evasion industry. People who had funds there gambled with them... and lost.
so is delaware, english channel islands, luxemburg, switzerland, lichtenstein, cayman islands, ... ...
you imply it was ok to seize funds ? what about regular companies bank accounts in cyprus ? or do you really want to say there were only criminals making business on this island ?
confiscation is highly likely to come to the US one day.
possibly deposits but more likely pension plans. don't forget MFGlobal too.
possibly deposits but more likely pension plans. don't forget MFGlobal too.
You seem to be confusing capital requirements and deposit guarantees again.
Deposit guarantees are just like insurance, that insurance is only an oral promise to calm down people, it never has enough money to cover the loss if more than 10% of the deposit were lost
Cyprus was a money laundering and tax evasion industry. People who had funds there gambled with them... and lost.
This appears to be reporting a 'news' that retail deposit guarantees are restricted to amounts below a certain level.
That isn't news, it has always been the case, at least in the UK, and I think most of Europe.
And in the UK, that limit has been raised, not lowered.
That isn't news, it has always been the case, at least in the UK, and I think most of Europe.
And in the UK, that limit has been raised, not lowered.
http://www.zerohedge.com/news/2013-09-26/cyprus-style-wealth-confiscation-starting-all-over-world
Cyprus was just the testing ground for what was to come next, and that is bankers simply stealing your money to save themselves from insolvency.
The last time this occurred:
http://money.cnn.com/2013/03/28/investing/bitcoin-cyprus/index.html
http://www.foxbusiness.com/investing/2013/03/22/bitcoin-interest-explodes-as-cyprus-nearly-implodes/
http://www.zerohedge.com/news/2013-04-07/rethinking-money-bitcoin-quadrupling-cyprus
I see no reason why that can't happen again. This time it is several banks and not just one however. These actions are helping to rapidly erode confidence and trust in the fiat institution, which is ultimately why Bitcoin has any value at all as a currency I think. The common people are waking up to how badly big banking is screwing them, and now they are not even trying to hide it.
We are entering an age where banks rob their own customers. This cannot stand, and like Cyprus people want a way out of the broken, dishonest trainwreck that is fiat.
A new Bitcoin rally in the making? I really hope so.
Oh, and if you have money in a bank, get it out NOW
Cyprus was just the testing ground for what was to come next, and that is bankers simply stealing your money to save themselves from insolvency.
The last time this occurred:
http://money.cnn.com/2013/03/28/investing/bitcoin-cyprus/index.html
http://www.foxbusiness.com/investing/2013/03/22/bitcoin-interest-explodes-as-cyprus-nearly-implodes/
http://www.zerohedge.com/news/2013-04-07/rethinking-money-bitcoin-quadrupling-cyprus
I see no reason why that can't happen again. This time it is several banks and not just one however. These actions are helping to rapidly erode confidence and trust in the fiat institution, which is ultimately why Bitcoin has any value at all as a currency I think. The common people are waking up to how badly big banking is screwing them, and now they are not even trying to hide it.
We are entering an age where banks rob their own customers. This cannot stand, and like Cyprus people want a way out of the broken, dishonest trainwreck that is fiat.
A new Bitcoin rally in the making? I really hope so.
Oh, and if you have money in a bank, get it out NOW
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