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The Cyprus Great Bank Robbery

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  • BATR@frontiernet.net
    When does banksters extortion become outright theft? The latest example and escalation by the placing a levy fee on bank deposits in the tax haven of Cyprus
    Message 1 of 1 , Mar 20 2:55 AM
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      When does banksters’ extortion become outright theft? The latest example and escalation by the placing a levy fee on bank deposits in the tax haven of Cyprus illustrates the bold step of seizing private liquid saving accounts, under the guise of a government tax. The prospects of an all out run on the banking system have jumped tenfold. Essentially, a government is using the power of the state, to steal funds not because of the bankruptcy of a banking institution, but because of a failure of the entire EU financial system. The forbidding precedent of a seizure of individual wealth, by a stroke of a pen, runs contrary to the shrinking confidence in fiduciary trust of cash placed in banking accounts.

      Read the entire article on the Negotium archive page

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