Even with the propaganda machines churning out the usual bunk, Cyprus has virtually declared war on their savers, with the impending 6-10% fee on their savings as bank runs and the bank holiday, til Thursday, continue to escalate. Private bank accounts, until very recently, were not the property of the state. Now, it appears that no one is safe from this escalating ticking fiat-backed time bomb that could likely spread. The IMF and EU may have bitten off more then they bargained for with their pushing for money from Cyprus.
Cyprus, IMF, EU and the KGB
The Fed backed IMF and EU may have made the biggest mistake ever made by any financial entity. In their haste to steal money from bank accounts in Cyprus, they may have inadvertently, stolen Russian KGB black money. Since Putin was a former KGB official, the Fed backed IMF may be essentially responsible for the idea of stealing money from Putin. Could that be a reason that the Russians are sending warships to the area? In short, those who planned to steal KGB money may have literately signed their own death sentence as a warning to others. No wonder German officials were quick to distance themselves from this. I sense a quick forgiveness of Cyprus loans or a lot of bankers and politicians will be having accidents.
Cyprus Fiasco In The U.S.?
According to the Fed, there are 10.9 trillion dollars in deposits in the U.S.; therefore, could a possible Cyprus-like “wealth tax” occur here? Ever hear of MF Global? In short, no currency in the corrupt fiat system is safe.
Deficit spending is dominating the debate in Washington while Benji Bernanke is doing his best to facilitate deficit spending; however, the damage to the economy is getting more serious. The debate is ultimately arguments over symptoms rather than the cause; in that, virtually no one in Washington questions the welfare-warfare state.
9 States Make Push Against Federal Gun Control
Since the push for gun control at the national level, Arizona, Colorado, Louisiana, Mississippi, Montana, North Dakota, Nebraska, New Mexico, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Virginia, and Wyoming are pushing back, using the 10th amendment, against the growing fascist government in Washington. Of course, it goes against the 60 years of general mis-interpretation of the Commerce Clause; so, it will be an interesting court battle.
Broke Postal Service Party
400 U.S. Postal Service executives are heading to San Francisco for workshops, meetings, a dance party, and a golf tournament at a cost of 2 million dollars. Perception is everything here as the U.S. Postal Service plans to halt Saturday deliveries starting in August. They need to hold their workshops and meetings in a place that could use the extra money… like Detroit.
Finally, please prepare now for the escalating economic and social unrest. Good Day!
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