10% of bank savings could be seized by Cyprus govt

newdiva1 wrote: Tho I will say the US has already snatched from us if we want to look at the bailouts awarded after the collapse.

yep...next step is printing money like its nothing, we are already there....this "bailout tax" is the next step when a govt cant print anymore money.

If this thievery experiment works in Cyprus, look for other larger countries follow suit, they are taking notes

time to start putting money under the bed!

I'm in Texas and they say many of the Latin community don't believe in banks. They believe in the money under the mattress. You can shot someone breaking into your house here to. SMH

Lilaca wrote: time to start putting money under the bed!

didnt i say this two weeks back?

Sang Froid wrote: Yall seriously think they'd be able to pull this off in the US....like seriously?

It's only a matter of time. Money talks. They want to pay off debt. The rich 1 % does not want to pay and lobbies using their money. There are more everyday average savers. It they snatched money from them, they could do it without the serious repercussions. People would protest etc yes but in the end I feel it could def happen. Best believe they are watching it now.