Why
You Should Be Terrified Of What Just Happened in Cyprus
Posted
by: Phoenix Capital... Post date: 03/20/2013
‘The
simple fact remains that politicians proposed stealing savings deposits
from the people in order to fund a bank bailout. You can dress this idea up
however you like…’
http://albertpeia.com/terrorofterroristthieves.htm
‘The markets are
staging a bounce today based on:
1) The
ECB surfacing to say it will provide liquidity to help with the Cyprus
situation.
2)
Bernanke’s speech today and the Fed’s FOMC (stocks tend to rally going into
FOMC meetings).
This is once again
the markets praying and hoping for divine guidance from the Central Bankers.
However, the fact remains that every sensible investor in the world should be
absolutely horrified by what was proposed in Cyprus.
Forget Bernanke
forget Mario Draghi forget all of that. None of it matters as much as what was
proposed in Cyprus.
The simple fact
remains that politicians proposed stealing savings deposits from the people
in order to fund a bank bailout. You can dress this idea up however
you like, calling it a “levy” or “tax” but taking someone’s personal property
without their permission is theft plain and simple.
The idea was amended
to focus on punishing the wealthy (those with over €100,000 in deposits)
leaving those with less than €20,000 in deposits unscathed. The Cyprus
parliament voted against this proposal, but the mere fact it was EVEN suggested
(and that Germany and the IMF wanted to take 40% of deposits) should leave
everyone terrified.
Again, political
leaders proposed simply TAKING money from the people to fund a bank bailout…
not the people as in the public’s balance sheet for a sovereign nation, but
actual savings deposits sitting in banks.
This idea should
never have been even brought to the table. Savings are personal property.
Declaring a bank holiday so people cannot get their money out and then trying
to simply TAKE their money is STEALING. This violates the very basis of
personal property at its core.
The fact this idea
was even brought up indicates that the political and financial elite are
growing truly desperate.
Cyprus will not be
the end of this… NO, this idea will be likely spreading in the future. Both New
Zealand and Spain have already hinted at adopting similar policies. These ideas
will be sold to the public as “well, we can take 7% and the bank remains afloat
OR you can lose everything.” And during an extreme enough crisis, people will
go along with it.
But get ready
because this will be coming to a country near you. Are YOUR savings safe?
If you are not
prepared for this…YOU NEED TO ACT NOW.
We have released a
number of Special Reports outlining precisely how to prepare for all of this.
The single most
important one is called “The C Word: the Dark Secret the Fed Wants Hidden” and
it explains in stark detail how Europe can bring about systemic collapse… WHY
the Fed is terrified about Europe and is secretly pumping HUNDREDS OF BILLIONS
of Dollars into the European banking system (QE 3 and QE 4 were European
bank bailouts).
We also have three
reports titled Protect Your Family, Protect Your Savings, and
Protect Your Portfolio and they outline:
1) how to prepare
for bank holidays (just like the one in Cyprus today)
2) which banks to
avoid
3) how much bullion
to own
4) how much cash is
needed to get through systemic crises
5) how much food to
stockpile, what kind to get, and where to get it
And more…
Collectively, these
reports are worth nearly $900. But you can get all of them for FREE with a subscription
to my Private Wealth Advisory newsletter.
To pick up your own
copies of these reports., all you need to do is take out a subscription to my Private Wealth
Advisory newsletter.
You’ll immediate be
given access to the Private
Wealth Advisory archives, including my Protect Your Family, Protect Your
Savings, and Protect Your Portfolio reports.
You’ll also join my
private client list in receive my bi-weekly market commentaries as well as my
real time investment alerts, telling you exactly when to buy and sell an
investment and what prices to pay.
So you get my hard
hitting market insights, actionable investment recommendations, and real time
trade alerts, for one full year, for just $299.99.
To take out an
annual subscription to Private
Wealth Advisory now and start taking steps to insure your loved ones and personal
finances move through the coming storm safely…’
Best Regards,
Graham Summers