Archive for March 18th, 2013

by Tyler Durden ZeroHedge.com 03/18/2013 The implications for people’s trust in their government and financial system are obvious. It would be remiss to think that this wariness will be contained just to Cyprus. While many will be watching next week for signs of financial contagion from the Cypriot decision in other parts of the... »

by Lucas Jackson ZeroHedge.com 03/18/2013 Prior to yesterday, if you were trying to handicap how the unelected leaders of the Eurozone were going to react to a tough situation, you only had to refer to the quote “When it becomes serious, you have to lie” from Mr. Junker to understand their mindset. But so... »

By Tara Servatius AmericanThinker.com March 18, 2013 Less than two weeks ago, Sen. Rand Paul’s demanded to know whether the president believed he had a right to kill an American citizen on American soil with a drone, finally getting an answer that had to be dragged out Attorney General Eric Holder. An equally important,... »

Judi McLeod CanadaFreePress.com Sunday, March 17, 2013 Get your money out of the banks.Due to an “emergency deal reached today in Brussels”, a one-time 9.9% tax is to be levied on Cypriot bank deposits of more than 100,000 euros effective Tuesday, March 19. Virtually overnight and with no warning of any kind, the emergency... »

By Douglas J. Hagmann HomelandSecurityus.com 18 March 2013 Much like my high-level source within the U.S. Department of Homeland Security outlined in a series of interviews beginning last year, the orchestrated collapse of the U.S. dollar and the entire world’s economic system has begun. The first shots in a global economic take-over were fired... »

by Bill Holter SilverDoctors.com MARCH 18, 2013 The news over the weekend is that the Cyprus banking system will have a “holiday” on Monday which was “scheduled” AND at least Tuesday which was not. The ECB and IMF wanted a 40% haircut and apparently the deal reached is one where balances under €100,000 will... »

by Charles Wyplos ZeroHedge.com 03/18/2013 The Cyprus bailout package tax on bank deposits is a deeply dangerous policy that creates a new situation, more perilous than ever. It is a radical change that potentially undermines a perfectly reasonable deposit guarantee and the euro itself. Historians will one day explore the dark political motives behind... »

Is the financial rape of Cyprus another IMF riot waiting to happen? Paul Joseph Watson Prison Planet.com March 18, 2013 News that the International Monetary Fund initially demanded to loot a shocking 40% of savings from the private bank accounts of Cypriots underscores how residents of the Mediterranean country could be the latest victims... »

Nicholas Kulish TheAge.com.au March 18, 2013 In a move that could set off new fears of contagion across the eurozone, anxious depositors drained cash from ATMs in Cyprus on Saturday, hours after European officials in Brussels required that part of a new €10 billion ($12.6 billion) bailout must be paid for directly from the... »

By Greg Hunter USAWatchdog.com 18 MARCH 2013 Former Assistant Treasury Secretary Dr. Paul Craig Roberts says there is another financial calamity coming to the U.S. Dr. Roberts says, “It is a crisis they can’t avoid. One way or another it’s going to bite very hard, whether it comes through the dollar or the bonds.”... »