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But such as in Life, it's not always Peaches & Cream, or Royal Crown and Purple Haze Sativa!(I'm currently @ the Boone's Farm "Tickle Pink" & Mexican Dirt Weed level) Nobody likes doing the dirty work but it's necessary in order to rectify the problem it's creating. So the time has finally come, both to Save America's planned & engineered demise from these evil delusional globalists and their cast of Pathetic Puppets, AND also to help 12160.info continue to be a daily part of contributing to feeding the Truth and "What's really going Down" to Hungry & Awake Minds. All we ask is for whatever a Deplorable Debt Slave, can afford to throw into our meager "basket" for monthly/yearly expenses 2$, 5$, 25$ $200 will all be appreciated with equal enthusiasm.. We will always be sincere, & eternally grateful with ANY amount,
Thank You & Take Care to you & yours! Good Luck to Everyone in the next couple scary, unpredictable, upcoming weeks! Who knows what these Sinister, Soulless Criminal Bastards will do? And you know they are going to do SOMETHING! They are petrified and unbelievably desperate right now. They smell their demise and are not sitting down for it. Like Venomous Vipers backed into a corner.
We could be in for one helluva Spooky Be-all, end-all, All Hallow's Eve,"Trick".....or maybe a well deserved "Treat"?? Let's pray for the cooler, rational heads overseas & abroad to prevail so a WW3 excuse can't be manufactured by Obozo,"The Impostor Usurper" Sotero and his Cheery Choom gang of Chumps, Thieves, Liars & Transtesticles. Then focus on putting the Criminal Clinton Mafia Family where they truly belong, .....In A Federal Prison on Death Row, awaiting an Execution Date from indictments including Espionage,Treason, Collusion, Bribery, & Turncoat Communist Traitors to name a few! By then the Bush clan and the yellow-bellied cowards they are, will have all left to their vast acreage retreat in South America, Good riddance, and Don't let the door hit ya in the ass on the way out!
Long Live Our Republic!
THANK YOU !!
They're Reneging On Government Deposit Insurance
There’s a little detail in the just announced bailout of the Cypriot banks (and Cypriot economy as a whole) that could be setting an entirely disastrous precedent for the entire European banking system. Please note the “could be” here, it depends upon how people react next.
That Cyprus and its banks need bailing out is beyond doubt. The banking sector is absolutely vast as compared to the size of the economy (largely as a result of a couple of decades of use as a secure location for Russian deposits) and the banks are indeed bust. Largely because they were heavily invested in Greek Government bonds which then, as we all know, suffered two substantial haircuts.
So, something needed to be done. And something has been done. More money is being sent in to recapitalise the banks, Cypriot loans are being rescheduled, the government will sell off assets to help plug the gap and so on. However, there is this one further detail that could have seriously bad effects:
Euro-area finance ministers agreed to an unprecedented tax on Cypriot bank deposits as officials unveiled a 10 billion-euro ($13 billion) rescue plan for the country, the fifth since Europe’s debt crisis broke out in 2009.
Cyprus will impose a levy of 6.75 percent on deposits of less than 100,000 euros — the ceiling for European Union account insurance — and 9.9 percent above that.
There’s nothing particularly bad about making depositors carry some of the load of a bank failure. Indeed, it has something to recommend it: if it happens occasionally then people will take more care over where they put their money and what the banks do with it.
However, there’s a very great difference between allowing depositors without government insurance to take losses and actually reneging on the previously promised government insurance. And it’s that second that they’re actually doing here. Here’s the description of the Cypriot government deposit insurance scheme:
(Reuters) - The euro zone struck a deal on Saturday to hand Cyprus a bailout worth 10 billion euros ($13 billion), but demanded depositors in its banks forfeit some money to stave off bankruptcy despite the risks of a wider run on savings.
The eastern Mediterranean island becomes the fifth country after Greece, Ireland, Portugal and Spain to turn to the euro zone for financial help during the region's debt crisis.
In a radical departure from previous aid packages - and one that gave rise to incredulity and anger across the country - euro zone finance ministers forced Cyprus' savers to pay up to 10 percent of their deposits to raise almost 6 billion euros.
Almost half of its depositors are believed to be non-resident Russians, but most of those queuing on Saturday at automatic teller machines to pull out cash appeared to be Cypriots.