Aaaaand it’s gone …
(In case you have difficulty believing this, here is the related Wall Street Journal article.)
I told you to invest in physical gold and silver (and most important, to keep it outside the banking system).
All the sheeple who still believe in their fiat currencies will get herded, milked, fleeced and slaughtered (at least financially).
There will be very high rates of inflation in Europe and the U.S. and a currency reform where the sheeple will lose at least 50% through devaluation is just around the corner.
So THIS is just the beginning and another (last) warning.
And if you have a problem with your government stealing your money and resist, then you’re going to feel the batons of your not so local riot police squad.
Those (brainwashed) police officers will also get completely fleeced, BUT they have a very secure (and highly dangerous) job in the coming years to support their family.
Got PHYSICAL GOLD AND SILVER?
– Europe Does It Again: Cyprus Depositor Haircut “Bailout” Turns Into Saver “Panic”, Frozen Assets, Bank Runs, Broken ATMs (ZeroHedge, March 16, 2013):
Europe has done it again.
Late last night, after markets closed for the weekend, following an extended discussion the European finance ministers announced their “bailout” solution for Russian oligarch depositor-haven Cyprus: a €13 billion bailout (Europe’s fifth) with a huge twist: the implementation of what has been the biggest taboo in European bailouts to date – the impairment of depositors, and a fresh, full blown escalation in the status quo’s war against savers everywhere.
Specifically, Cyprus will impose a levy of 6.75% on deposits of less than €100,000 – the ceiling for European Union account insurance, which is now effectively gone following this case study – and 9.9% above that. The measures will raise €5.8 billion, Dutch Finance Minister Jeroen Dijsselbloem, who leads the group of euro-area ministers, said.
But it doesn’t stop there: a partial “bail-in” of junior bondholders is also possible, as for the first time ever the entire liability structure of a European bank – even if it is a Cypriot bank – is open season for impairments. The logical question: why here, and why now? And what happens when the Cypriot bank run that has taken the country by storm this morning spreads everywhere else, now that the scab over Europe’s biggest festering wound is torn throughout the periphery as all the other PIIGS realize they too are expendable on the altar of mollifying voters and investors in the other countries that make up Europe’s disunion.
Bloomberg’s take on the sacrifice of Cyprus’ savers:
Officials have struggled to find an agreement that would rescue Cyprus, which accounts for just half of a percent of the euro region’s economy, without unsettling investors in larger countries and sparking a new round of market contagion. Policy makers began meeting at 5 p.m. yesterday in a hastily convened gathering, seeking to overcome differences on bondholder losses while financial markets were closed.
Read moreBREAKING NEWS: Cyprus Haircut ‘Bailout’ Is Directly STEALING Money From Depositors, Turns Into Saver ‘Panic’, Frozen Assets, Bank Runs, Broken ATMs