Theft is Legal for Big Banks – and Your Money Will Never Be Safe

The new rules for keeping too-big-to-fail alive: use creditor funds, including uninsured deposits, to recapitalize failing banks.

falling_dollar-410x350April 29, 2013 
 | “[W]ith Cyprus . . . the game itself changed. By raiding the depositors’ accounts, a major central bank has gone where they would not previously have dared. The Rubicon has been crossed.”

—Eric Sprott, Shree Kargutkar, “ Caveat Depositor

The crossing of the Rubicon into the confiscation of depositor funds was not a one-off emergency measure limited to Cyprus.  Similar “bail-in” policies are now appearing in multiple countries.  (See  Continue reading

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The mattress safe – the latest way to bank with confidence

My Mattress Savings BankEuropeans are a stone’s throw across the pond and what happens there eventually, like the Beatles, happens here. Many in the Euro-zone are asking each other and themselves:

Is your money safe in the bank? Obviously not if you deposited large sums in Cyprus – where the decision to raid savings accounts has rung alarm bells in other countries teetering on the bank bailout high-wire,” posts  of the UK’s Guardian News. Continue reading

Capital flight has become a serious threat to the Cypriot economy


Cyprus bank queueYes. The entire Cyprus population as of today will be fully employed for the foreseeable future. Their jobs…

STANDING IN LINE AT THE BANK TO GET THEIR DAILY CASH ALLOTMENT!!

The calm reported in the media just turned to ANGER in Cyprus. Continue reading

Cyprus Haircuts Could Lead to Bank Runs Says Russia

CBS Cyprus VideoCypriots have taken a significant haircut losings a significant portion of their deposits. Without the new deal, all depositors would have lost funds. By striking a deal at least depositors with under $100,000 will be “fully guaranteed”.

Cyprus, with the agreement of Eurozone finance ministers, dodged a disorderly sovereign default and unprecedented exit from the euro by bowing to demands from creditors to shrink its banking system in exchange for 10 billion euros (equivalent to $13 billion US) of aid to prevent its banking system collapsing and keep the country in the eurozone. All Cyprus banks will remain closed until Thursday, the central bank has announced in a shock statement. Continue reading

MONETARY MELTDOWN – FINANCIAL COLLAPSE? GOVERNMENT GUARANTEED!

2013- THE NEW GLOBAL FINANCIAL CRISIS….(CORRUPTION LAYERED UPON CRIMES AND CORRUPTION)

Posted by:  | on March 23, 2013

HEARD OF CYPRUS? Read more on Matthew D. Weidner’s Blog

Remember: “First come, first served”
Like the Billionaires dumping stocks – get it out of the banks now and invest in something tangible. Plant a garden, put solar on your roof – you may not want to leave those 401ks and mutual funds just sitting there because they may not be there when you need them most. Continue reading

A Safe and a Shotgun or Public Sector Banks? The Battle of Cyprus

Remember: “First come, first served”
Like the Billionaires dumping stocks – get it out of the banks now and invest in something tangible. Plant a garden, put solar on your roof – you may not want to leave those 401ks and mutual funds just sitting there because they may not be there when you need them most. [Ed. DeadlyClear]

Retirement Don't Bank on itBy Ellen BrownWeb of Debt | News Analysis | Friday, 22 March 2013 | Click here for original Truth-out post.

If these worries become really serious, . . . [s]mall savers will take their money out of banks and resort to household safes and a shotgun. – Martin Hutchinson on the attempted EU raid on deposits in Cyprus banks (Photo: Loz Pycock / Flickr) Continue reading