9 June 2017 UPDATE:
BPEarthWatch re US banking collapse...
No bail-out this time of Too-Big-to-Fail-Banks.
You're it, folks. It's Bail-In time.
8 April 2017 UPDATE:
"The IMF (International Monetary Fund) or as I like to call them – International Mafia Federation – is showing its true colors and proving beyond question this organization is nothing more than street-corner thugs in high-priced suits.
"With the release of this latest working paper on how to enslave nations, steal the remaining sovereignty of the people and nations they have drawn up plans to force a cashless society upon all the people within IMF member nations..."
28 March 2013 UPDATE:
So, fiduciary responsibility has morphed into plunder. Capital controls are imposed in Cyprus, as in limits to withdrawals, nor oopsi may funds leave the country.
Although, a London branch of Cyprus banking was apparently left open so monster-depositors could extract their lucre (and not want to harm anyone personally) while small fry on the island found themselves broke.
One Cyprus bank is savaging depositors to the tune of 80%. (Savers are left with 20% of their imagined savings, courtesy of EU membership and the IMF--known in the Third World, but not in the First, as a devourer of nations.)
Iceland had saved their economy the old fashioned way: They repudiated the bank fraud and jailed the banksters. But back to the op still in play...
The uh-oh portion of the Cyprus dominoes process is not reported, namely that these outrages are foreplay to a global gangbang, which very much includes all-us'uns.
The heist, of depositor nest eggs, is being presented as a government tax and therefore has no reference whatever to bank failure insurance via the US FDIC, assuming funds were there...
They're not, yet a retired banking relative of mine is sanguine on the matter of fiduciary responsibility and depositor security of their hard-won wealth. I could scream, and have a bit, in Cassandra mode.
Now heading back to the sanity of fruit tree pruning, cutting out dead wood...
Anyone who's been paying attention to theft-at-large, has suspected that bank fraud "too big to prosecute," might not end well.
Businesses in Cyprus are now refusing debit and credit card payment, with no guarantee of that being worth squat. It's CASH ONLY, or hit the road.
"Depositor Haircut" Provision:
Welcome to the new economy, and not a moment too soon, as the plunder-scheme seems to be spreading, now to NZ and Canada. We've bought into the so-called surety of bank accounts & safety deposit boxes... caveat emptor.
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