It’s not a ‘haircut’ – it’s THEFT when governments loot your private bank accounts
by Mike Adams
Monday, March 18, 2013
This use of the term “haircut” to describe government theft of private banking accounts has got to stop. It’s not a haircut, it’s outright thievery. When a person breaks into your home with a gun and steals your jewelry or cash, do we call that a “haircut?” Of course not. It’s a criminal act, not a trip to the salon.
I’m referring to the government bank raids in Cyprus, of course, where up to 10% of private accounts are simply being stolen by the government. It’s being called the great EU bank robbery, and there is a lot of speculation that this may set off bank runs across European nations. But the media calls it nothing more than a “haircut.”
Why is everybody using the term “haircut” to describe this outright theft? The reason, of course, is because the term “haircut” is a mind game. Its purpose is to make it sound like it’s not outright theft. By calling it a “haircut,” it seems more polite, almost as if the government there is doing everybody a favor.
But I’m pretty sure if you or I walked into a bank with an AK-47 and demanded everybody’s money, the evening news wouldn’t call it a “haircut.” They would call it “armed robbery,” as they should.