I'm wondering if anyone with significant funds that they'd like to have on deposit somewhere will now think twice about depositing that kind of cash in a bank anywhere in the Eurozone.
Sharing Is Caring — But Often A Pain
47 minutes ago
Saturday, March 30, 2013
Cypriot Banks and the Eurozone
It appears that the Germans European Central Banksters are making the Cypriots confiscate 60% of all bank deposits over €100,000.
I'm wondering if anyone with significant funds that they'd like to have on deposit somewhere will now think twice about depositing that kind of cash in a bank anywhere in the Eurozone.
I'm wondering if anyone with significant funds that they'd like to have on deposit somewhere will now think twice about depositing that kind of cash in a bank anywhere in the Eurozone.
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3 comments:
The Krauts think they're punishing the Russians by doing this (since much of the Cypriot money was Russian). Thing is, the Russians have already gotten most of their money out of the Cyprus banks via the simple expedient of sending goons to various bank directors' houses with folders full of photographs... "nice family you have here, be a shame if anything happened to them." "ULP!" Not to mention the horses' head in the limo the next morning. Remember that there is no difference between the Russian government, the Russian oligarchy, and the Russian Mafia :).
Plus it's never wise to tweak the bear. Especially if you're expecting shipments of Russian natural gas to be forthcoming next winter...
Well, yeah.
Just another example of the Golden Rule: "He who has the gold, makes the rules"
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