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| Cyprus is short of money, so it will raid personal bank savings for tax revenue Posted by NC_Tigah LINK  on 3/17 at 1:33 pmThat'll teach those irresponsible savers!  This post was edited on 3/18 at 7:54 am Reply • Back to Top |
| Not to fret, it'll get worse. Reply • Back to Top |
quote: Well that certainly hasn't been a precursor to something much worse in the past. quote:  Reply • Back to Top |
| All the people thinking about living the expat life, look closely. This could be you. As shitty as you think it is in America, there are safeguards here that aren't in place elsewhere. You may think you've found some third world paradise, but if things go to shit, you're just a foreigner, and they'll come after you and/or your money. Reply • Back to Top |
| Forbes is calling it "worse than Lehman Brothers" and the start of the next Great Depression. Its all about to hit the fan. Reply • Back to Top |
| I'll take Ways To Start A Bank Run for 200 Alex. Reply • Back to Top |
quote: It seems they were saying it was worse crisis mismanagement based upon the time and options they had to do something. I don't see where they said it was the start of the next great depression. This was a very samll bail out compared to Greece, Spain, Portugal, Ireland, this is like three years of cell phone money for our dysfunctionals. Reply • Back to Top |
Just saw this story... Holy shit, so they just ordered that 10% of all bank account be seized?  Reply • Back to Top |
quote: Should I bump the "Is taxation theft?" thread? Reply • Back to Top |
Posted by Interception on 3/17 at 2:25 pm to WikiTiger quote: Reply • Back to Top |
quote: Meh. California raised taxes and retroactively charged companies the difference, and FedGov has been floating around the idea of taking over 401K's. Neither of those situations is that much different. Reply • Back to Top |
quote: Definitely is theft in this case.  Reply • Back to Top |
 Panic: people queued to withdraw money after it was determined that part of the Greek bailout would come from the bank accounts of savers. Photo: Reuters  IF there was a bank run here for less severe reasons would people still defend Obama? Reply • Back to Top |
quote:Except the measure came by demand of the EuroZone. There lies potential impact in terms of Greece, Spain, Portugal, Ireland, and Italy. So much so that Eurozone Officials disingenuously claimed this precedent was not a precedent. Rep. Hank Johnson may think Guam might tip over, but even he would be smart enough to recognize seizure of personal savings as precedent setting. quote:Let's put it this way, if I had significant accounts in a PIIGS bank, I'd be moving it right now. Reply • Back to Top |
Posted by I B Freeman on 3/17 at 3:02 pm to NC_Tigah Don't think this can't happen in America. Remember Bill Clinton made his tax increases retroactive to the first of the year when he got them passed. Reply • Back to Top |
quote: Sure, it definitely is in this case. And for those who think this could never happen in the U.S., think again. Reply • Back to Top |
quote:  U.S. to let spy agencies scour Americans' finances Reply • Back to Top |
quote: There were safeguards to protect their money there too...until it was inconvenient to keep protecting it. If you think for one instant the government here won't do the same thing given a chance then you should immediately put your savings in Cyprus banks. Why wait? Reply • Back to Top |
quote: If only there was a decentralized, digital currency that the government couldn't touch... Reply • Back to Top |
quote: Fret, a light bulb just went off in some Dem leaders head. Reply • Back to Top • Refresh |
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