Thatcher warned Europe about the dangers of a Central European Bank and a single currency. Chills should run through the veins of Cypriots (and Italians, Europeans) who ignored her warnings.
Long-time troubles have been brewing in Portugal and I have an update coming up shortly. First consider Underwater: The Netherlands Falls Prey to Economic Crisis.
Obama, John McCain and others- like Paul Krugman- who head up the Bad Idea Brigade, will likely import Cypriot banking methods to the US very soon. The risky politicians and their Liberal Conscience, would love for you to think the crisis is about the evil banks, the shady depositors, their greed and lust for money.
With liberal ideas firmly in the saddle, civilizing us, so to speak, we no longer applaud Depression-era bank robbers. Instead, today, we send them to Congress, or parliament, or the legislature, where governments try to achieve folk hero status by robbing banks and depositors alike.
Unemployment Rate May Be Lower For Illegal Immigrants in US Than Nation's Black Citizens | Leah Barkoukis