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Question EU Raids Private Savings Accounts to Pay for Cyprus Bailout

18 Mar 2013 21:31 #31811 by fourfingerz
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18 Mar 2013 21:34 #31812 by pam
I've been following this closely since Saturday. Finally hit the MSM yesterday, late - looks like they've delayed the vote and are keeping the banks closed until Friday. (and who knows if it will last longer than that?)

I think it is ALWAYS good to have some cash on hand, regardless.

I'm surprised the IMF thinks it can get away with this - the ultimate result will be a distrust of banks (and FDIC - each country has their version) for years and years to come.

Archbishop - Genesis II Church of Health and Healing - Washington State
pam @ genesis2church.is (remove spacing)

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20 Mar 2013 17:07 #31846 by Steve
Silver and Copper

It's affordable and I think it will retain reasonable value.
I actually barter for silver whenever possible.

I think we should all have some MMS stockpiled, as well as other natural remedies.
If we suffer a huge financial collapse, these will be able to be used as currency IMO.
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20 Mar 2013 22:09 #31849 by hypnopaul
stock up with as many essentials as possible, things are going to come to a head pretty soon one way or the other.

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20 Mar 2013 22:44 #31853 by pam
Looks like the government in Cyprus voted not to accept the bailout terms - interesting vote - I think 19 abstained, the rest voted no. A dear friend of mine who works in the finance industry said that there was probably more to come...

Archbishop - Genesis II Church of Health and Healing - Washington State
pam @ genesis2church.is (remove spacing)

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22 Mar 2013 14:40 #31905 by RICH99
pam they voted no to SAVE their own lives due to the massive deposits by russian oligarchs and russian mafia who would have lost a bundle if they voted yes.......lots going on behind the scenes and from what i heard is Cyprus is a TESTING ground to see if they can get away with this on a larger scale .
notice the clever use of a water locked tiny island that IF chaos were to ensue it COULD not spread beyond THEIR borders and could EASILY be contained. this is a government robbery showcase
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