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It Begins: Confiscation of Private Funds by Government Desperate for Cash

Blind Avocado Wrote: Mar 18, 2013 4:11 PM
They have to do it because everybody knows the the ignorant unwashed masses are too stupid to takecare of their own finances.
traitorbill Wrote: Mar 18, 2013 4:33 PM
The elites know so much better than we do. Plus, it's all for our own benefit. Time to buy more guns.

The small country of Cyprus is giving the world a grave reality check today by reminding everyone that government money is simply the people's money redistributed as the European Union prepares to seize private bank account savings in order to bailout years of bad economic decisions.

The surprise decision by euro zone leaders to part-fund a bailout of Cyprus by taxing bank deposits sent shockwaves through financial markets on Monday, with shares and the bonds of struggling euro zone governments tumbling.

The bloc struck a deal on Saturday to hand Cyprus rescue loans worth...