It seem as if our homes are not enough, now the Cyprus Style “haircuts” appear to be the new paradigm for “redistribution” according to the author(s) of this article. Had to do a double take on this when I first read it.
This is stuff that we only see in the movies right? Well, headlines from the tiny island of Cyprus over the past week or so prove it’s not just in the movies. The Oscar winning movie “Inside Job” showed us that the architects of the financial meltdown are capable of just about anything. Very disturbing to read this one, but also very important to realize just what is going on.
Here is an exerpt from the article; “The politicians of the western world are coming after your bank accounts. In fact, Cyprus-style “bail-ins” are actually proposed in the new Canadian government budget. When I first heard about this I was quite skeptical, so I went and looked it up for myself. And guess what? It is right there in black and white on pages 144 and 145 of “Economic Action Plan 2013” which the Harper government has already submitted to the House of Commons. This new budget actually proposes “to implement a ‘bail-in’ regime for systemically important banks” in Canada. “Economic Action Plan 2013” was submitted on March 21st, which means that this “bail-in regime” was likely being planned long before the crisis in Cyprus ever erupted. So exactly what in the world is going on here? In addition, as you will see below, it is being reported that the European Parliament will soon be voting on a law which would require that large banks be “bailed in” when they fail. In other words, that new law would make Cyprus-style bank account confiscation the law of the land for the entire EU.”