Post Tagged with: "Cyprus"

Cyprus to Take $17.1 Billion of Savings Deposits

Cyprus to Take $17.1 Billion of Savings Deposits

Is anyone, anywhere in the world willing to fight against debt slavery that is encroaching on national sovereignty all over the world? Cyprus has accepted indebted servitude to the European Union — and the high unemployment and slow growth that comes along with it — perhaps for posterity. It should have left the common currency and told the Politeuro to take a hike.

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The Facade of Democracy

The Facade of Democracy

All the “votes” on bank bailouts here in the United States and around the world seem to be nothing more than a democratic façade. The idea that the people’s representatives have any power may just be an illusion. One is left to wonder if voting Republican or Democrat, conservative or liberal, libertarian or socialist makes any difference whatsoever. But maybe it does.

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Better to Bank with Cyprus Than the United States?

Better to Bank with Cyprus Than the United States?

Imagine that five years ago, you could put your money either with a bank in Cyprus or America. After those five years, the bank in Cyprus will confiscate 10% of your money with a onetime tax. Where would be the more favorable place to deposit your savings? If you answered America, you would have lost more money.

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