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The Left approves of stealing your bank savings
Fellowship of the Minds
Dr. Eowyn
3/21/2013
Excerpt:
Five days ago, on March 16, 2013, the people of Cyprus were told by the grand poobahs of the Eurozone that as much as 10% of the deposits in their personal bank accounts would be “levied”, in exchange for a $13 billion (€10 billion) bail-out of their heavily indebted country to avoid bankruptcy and a banking collapse.
Cyprus is a small island country in the Eastern Mediterranean Sea to the east of Greece, and a member of the European Union (EU). The Eurozone is an economic and monetary union of 17 EU member states that have adopted the euro (€) as their common currency and sole legal tender.
The Eurozone’s levy was contingent on the approval of the Cypriot parliament, but parliament resoundingly rejected the levy. Meanwhile, to prevent a bank run, banks in Cypriot will remain closed “until next week”, euphemistically called a “bank holiday”.
If you need the grave import of what happened clearly spelled out, here it is:
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View the complete article at:
http://fellowshipofminds.wordpress.c...-bank-savings/
Fellowship of the Minds
Dr. Eowyn
3/21/2013
Excerpt:
Five days ago, on March 16, 2013, the people of Cyprus were told by the grand poobahs of the Eurozone that as much as 10% of the deposits in their personal bank accounts would be “levied”, in exchange for a $13 billion (€10 billion) bail-out of their heavily indebted country to avoid bankruptcy and a banking collapse.
Cyprus is a small island country in the Eastern Mediterranean Sea to the east of Greece, and a member of the European Union (EU). The Eurozone is an economic and monetary union of 17 EU member states that have adopted the euro (€) as their common currency and sole legal tender.
The Eurozone’s levy was contingent on the approval of the Cypriot parliament, but parliament resoundingly rejected the levy. Meanwhile, to prevent a bank run, banks in Cypriot will remain closed “until next week”, euphemistically called a “bank holiday”.
If you need the grave import of what happened clearly spelled out, here it is:
- Money in our personal bank accounts is PRIVATE PROPERTY.
- The proposed levy, therefore, is THEFT/ROBBERY.
- This is not just another “tax.” This bank levy is particularly pernicious because what is proposed is the seizure of privately-owned bank deposits that had been guaranteed by the government, much like the FDIC bank deposits in the United States. What value does such a guarantee have if it can be withdrawn at will without any advance notice?
- A “bank holiday” means you can’t gain access to YOUR OWN MONEY.
- Although Cypriot’s parliament rejected the levy, the damage is already done. The Rubicon has been crossed: the idea of “wealth taxation,” that is the involuntary confiscation of privately-owned property, has now been breached. Sure enough, faster than you can say “Jiminy Cricket,” the governments of two other countries — New Zealand and Spain — already are making similar levy noises.
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View the complete article at:
http://fellowshipofminds.wordpress.c...-bank-savings/
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