While many commentators are up in arms at what happened in Cyprus and they shout from the rooftops that it could happen here, most people forget that the Washington/New York establishment has been bleeding money from our accounts for years. I mean of course, the devaluation of the US dollar through the multiple quantitative easings that have extracted far more that the 9.7% "tax" that the depositors in the Cypriot banks faced this week. Of course, that will not stop the elites from licking their chops over the possibility of using a Cyprus approach to steal even more from us.
Yahoo Finance Nonsense (FDIC Insurance) in [Market-Ticker]
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