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Old 03-18-2013, 17:18   #1
Lan
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A sign of things to come?

EU Orders Cyprus to Levy Bank Accounts

"Euro zone finance ministers want people holding bank deposits in Cyprus to forfeit a portion of their accounts -- 9.9 percent on accounts over 100,000 euros and 6.7 below that amount -- in return for a $13 billion bailout for the island, which has been financially crippled by its exposure to neighboring Greece. The decision, announced Saturday, stunned Cypriots and caused a run on ATM machines, most of which were depleted within hours. "I'm furious," said Chris Drake, a former correspondent for the BBC who lives in Cyprus. "There were plenty of opportunities to take our money out; we didn't because we were promised it was a red line which would not be crossed."

Trillion dollar a year deficit, 16 trillion + debt coupled with private Fed Bed Bernanke announcing 40+ billion a month increase of money supply through Quantitative Easing last quarter makes me wonder...

I've been worrying about hyperinflation since 2008, and wonder how long it will be before our government follows suit.
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Old 03-18-2013, 17:23   #2
Dusty
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That story's been all over the MSM all day.

Don't think it can't happen in our little kingdom here one day.
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Old 03-18-2013, 17:45   #3
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1. Take guns away from the law abiding
2. Strip law abiding of their wealth
3. PROFIT???
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Old 03-18-2013, 17:59   #4
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Quote:
Originally Posted by Lan View Post
1. Take guns away from the law abiding
2. Strip law abiding of their wealth
3. PROFIT???
4. TSBIYF.
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Old 03-18-2013, 18:06   #5
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DISREGARD
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Old 03-18-2013, 18:06   #6
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5. Thanks for the heads up I should have searched.

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Old 03-18-2013, 18:08   #7
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TSBIYF = 'The search button is your friend'
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Last edited by Lan; 03-18-2013 at 18:14.
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Old 03-18-2013, 18:29   #8
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4. TSBIYF.
Or =

Search.jpg is your friend!
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Old 03-18-2013, 18:37   #9
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@ Lan

A point to keep in mind is that one of the reasons why PS.COM works so efficiently is because its members take the time to build upon existing conversations that span across threads, fora, and years. The knowledge builds and the debates deepens because of TSBIYF.

So a reminder to use the search button isn't about busting a new guy's/gal's chops--at least not when I say it --it is about the previous paragraph.

HTH.
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