Comment

Comment by Central Scrutinizer on March 17, 2013 at 1:12pm

way ahead of ya, savings now have $12.45...and staying @ that level for now ;)

Comment by Elyag Reed...We are Legion on March 17, 2013 at 12:31pm

Get those funds and assets out of the banks -
Now Now - Next Friday of payday may be too late. Look at Cyprus and tell
yourself again - Oh they will not do that here. What do you think they are
preparing all the Ammo - Tanks - Mobile Checkpoints for - Practice. It will
come like a thief in the night and not in physical form. Just a little click on
the program and a Special Tax (AXING) move will take whatever percent or even
Convert it to the New Money - What New Money - Perhaps SIX of the old Dollars
for ONE of the New Dollars. Where do we obtain that number - Plug One dollar
into this site: http://www.dollartimes.com/calculators/inflation.htm with the
year 1968 as off the gold standard. Oh you will still be able to buy things but
on what job wage? Don't take our word for it, do your own search, even the
Brits with funds on deposit are subject to the AXE.

Time to start - Ten minutes ago would be good

We are Legion

Comment by Central Scrutinizer on March 17, 2013 at 12:19pm

here's the Achilles's heel for the supposed "Too Big To Fail" banksters. Problem is they instantly declare a "bankster holiday", and POW, u can't withdraw doodly now. Banks are useless if there is no product. Hence the push for the "Cashless" society.

Comment by merlynX on March 17, 2013 at 11:01am

The US politicians say that the banks are too big to fail, I have enough rope that will not fail for all the banksters, just bring them to me.  I will be happy to build the gallows for the banksters/politicians/real terrorists.

Comment by DTOM on March 17, 2013 at 9:29am

Time to put these parasites down...worldwide.

Comment by truth on March 17, 2013 at 9:29am

Europe has done it again.

Late last night, after markets closed for the weekend, following an extended discussion the European finance ministers announced their "bailout" solution for Russian oligarch depositor-haven Cyprus: a €13 billion bailout (Europe's fifth) with a huge twist: the implementation of what has been the biggest taboo in European bailouts to date - the  impairment of depositors, and a fresh, full blown escalation in the status quo's war against savers everywhere.

Specifically, Cyprus will impose a levy of 6.75% on deposits of less than €100,000 - the ceiling for European Union account insurance, which is now effectively gone following this case study - and 9.9% above that. The measures will raise €5.8 billion, Dutch Finance Minister Jeroen Dijsselbloem, who leads the group of euro-area ministers, said.

But it doesn't stop there: a partial "bail-in" of junior bondholders is also possible, as for the first time ever the entire liability structure of a European bank - even if it is a Cypriot bank - is open season for impairments. The logical question: why here, and why now? And what happens when the Cypriot bank run that has taken the country by storm this morning spreads everywhere else, now that the scab over Europe's biggest festering wound is torn throughout the periphery as all the other PIIGS realize they too are expendable on the altar of mollifying voters and investors in the other countries that make up Europe's disunion.

Bloomberg's take on the sacrifice of Cyprus' savers: http://12160.info/m/status?id=2649739%3AStatus%3A1152701