The Confiscation of Bank Savings to “Save the Banks”: The - TopicsExpress

The Confiscation of Bank Savings to “Save the Banks”: The Diabolical Bank “Bail-In” Proposal Is the Cyprus Bank “Bail-in” a “dress rehearsal” for things to come? Is a “Savings Heist” in the European Union and North America envisaged which could result in the outright confiscation of bank deposits? In Cyprus, the entire payments system has been disrupted leading to the demise of the real economy. Pensions and wages are no longer paid. Purchasing power has collapsed. The population is impoverished. Small and medium sized enterprises are spearheaded into bankruptcy. Cyprus is a country with a population of one million. What would happen if similar ‘hair cut” procedures were to be applied in the U.S. or the European Union? (...)

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