Posts Tagged ‘Cyprus’

 

Cyprus – On The Record

Wednesday, March 20th, 2013

I just wanted to go on the record that what has happened in Cyprus, with the seizure of bank accounts, is a trial balloon. If the world give it a collective shrug, that a first world central bank seized money from its citizens with no due process, then it will happen again, and it could happen here even. But as of right now, it is no longer safe to hold significant assets in a bank account, and I would recommend removing significant amounts of cash from the bank asap.

Mark my words. This will happen again, perhaps before the year is out.