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

rp454 Wrote: Mar 18, 2013 6:11 PM
Yes. They are going to "help" us manage our personal retirement accounts by seizing the assets and giving us a government IOU (they will force us to move our investments into government bonds). The 401K is about to go the same way as Social Security. If we let this happen, we are suckers of the highest sort.
Dan_AZ Wrote: Mar 18, 2013 6:17 PM
You can do squat about it. Why do you think they can now see every private account, hm? And I laughed when 4 years ago someone told me Ozero is Antichrist...

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...