Anyone in Europe who has even a single penny in the bank is a fool
Cyprus bail-out: savers will be raided to save euro in future crises, says eurozone chief
Savings accounts in Spain, Italy and other European countries will be raided if needed to preserve Europe’s single currency by propping up failing banks, a senior eurozone official has announced.
The new policy will alarm hundreds of thousands of British expatriates who live and have transferred their savings, proceeds from house sales and other assets to eurozone bank accounts in countries such as France, Spain and Italy.
The euro fell on global markets after Jeroen Dijsselbloem, the Dutch chairman of the eurozone, announced that the heavy losses inflicted on depositors in Cyprus would be the template for future banking crises across Europe.
Funny the things that the consortium of Big Government and Big Banking can do to an unarmed population.
Repeat after me: $19.2 trillion dollars is currently held by US citizens in 401k and other retirement accounts.
Do you really think the government doesn’t want to “help” you manage that money?
All your money are belong to us.