Now that the precedent has been set, now that a western government has simply closed banks and helped itself to between 6.7 and 10 percent of each depositor’s money, I wonder if I should close my IRA.
Waiting thirty years for a tax break under these conditions seems ridiculous. The dollar will certainly collapse before then. The only question is how audacious the crimes of politicians will be when their system is in its death throes.
Let’s wait and see how big a bank run this action sparks.
#Cyprus Depositors Vent Fury Through Social Media
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