More wonderful news out of the EU today, the tiny country of Cyprus will be voting whether or not to steal money directly out of individual savings accounts. The idea is proposed to help the country raise money to pay for their part of the bailout. The levy will take 6.75 percent of all savings accounts under $100,000 and a painful 9.9 percent on savings higher than that amount. There will be no reimbursement or bailout for the savers, just a general FUCK YOU this is what we owe and we are taking it from you to pay these vicious blood sucking banksters back.
Just another example of the government running amok when given the power to do so. The people in Cyprus are furious, and rightly so. But the question now circulating is will this give rise to new distrust of the banking system, causing people all over the EU to pull their money out of banks? I personally doubt it, but I am no economist and certainly have no evidence to believe that. However, I think that is precisely what people ought to do! Why continue to give the banks the power to play with our hard eared money? It is amazing what people are willing to put up with for fear they are going against the norm.
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