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Discussion in 'Preparedness & Survival' started by erudne, Nov 25, 2013.
Breaking News! Cyprus New Phase In the Global Financial Crisis - YouTube
Not a good thing. Repercussions? Russia helping out fellow socialists??
Cypress is a basket case, but also the european equivalent of the grand caymans, it's an offshore banking mecca. Most of the problems they've had over there have been a result of currency controls coming from russia and europe, that prevented that money from flowing in.
My concern is the "monkey see, monkey do" factor. The IMF is already hinting at "financial haircuts".
That "breaking news" video was from events that occurred back in March 2013.
But as someone I have a huge regard for said recently: "When you hear talk of paying the banks to have dollars on deposit, remember you are not the holder of an asset, dollars in the bank, but rather a unsecured lender to the bank paying the banksters for the privilege of being at risk to the dollar, and at risk to the bank itself. That is simply insane."