Already this extreme theft of citizens hard earned wealth is being plotted for many othe countries in Europe, even if the head of the European Central Bank denies it. He has to do that or there will be a run of capital out of the EU, which is something that they can ill afford at this time. In fact, banks in Spain, Greece, Italy and other countries are starting to see nervousness and capital flowing out. Watch out folks, this is the edge of the EU fiscal cliff and the canoe is balancing precariously on the edge of the waterfall. The banks and the EU are paddling hard, but will they be able to paddle hard enough?
The good news is that these Euro problems will temporarily strengthen the dollar, but note well, it is only a temporary respite. If we do not get our spending under control then we will see similar economic raids on our personal capital here too. We can also expect an attack on the dollar resulting in huge increases in imported goods. The resulting turmoil is likely to foster riots across America that will make the 1965 Watts riots look like a church picnic.
Eurozone Chief: Savings Accounts Will Be Raided to Save Euro in Future Crisis | The Gateway Pundit
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