Category Archives: Cyprus Default

Wrong,  wrong,  wrong!!!

Sad to say that the Cypriot governmental banking system must seek out private citizens' personal/professional bank accounts to bail out current $ deficiencies - last week tv media newscasts showed Cyprus major city turmoil & interviewed one Greek citizen who appeared more than tearfully distraught in stated double losing, ie bank $'s & employment.

Margaret Thatcher said that the problem with socialism is that sooner or later you run out of other people’s money. Now we know what they do when they run out of other people’s money. They just seize it.

Outrageous!  What’s happening throughout the world with the erosion of personal freedom, constitutional rights and capitalism is beyond what any of us could ever imagine.  Yet, every day we see the leftists in our own country making similar moves.  Enough is enough!  Hard working people need to band together, stand up and revolt against these…

Not being familiar with the government of Cyprus, I can only venture to say they are giving the banks a "get out of jail" free card.  Also, making a decision to take a percentage from deposits of 100, 000 euros may not necessarily be the fairest way.  Why are corrupt businesses not held accountable?  Could…

Deplorable-and could happen here!!!

Get ready U.S.! They WILL be coming for ours as well!

I suspect all of the Russian mob money is already gone.  I am sure they were clued in to what was being discussed before it became public knowledge. So the people who try to withdraw money will be the middle classes, and they will not be able to withdraw all of their money.  I will…

We should follow this carefully as it is very probable in the US. The government is taxing us on bank transactions now. This is the next step.

The citizens of Cyprus are getting a really raw deal. There is no justification for confiscating the bank accounts of private citizens who have worked hard and saved money. In many cases, these folks may have sacrificed in order to save for retirement or for childrens' education or for the future. What kind of message…