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Strategies & Market Trends : The Residential Real Estate Post-Crash Index-Moderated
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To: Smiling Bob who wrote (87385)3/17/2013 9:13:58 PM
From: posthumousone2 Recommendations  Read Replies (1) of 119360
 
Back to important things besides birth control...
Soooooo this is just the beginning.....unfortunately the warning is not followed up with what to do

Here's The Admission: YOU HAVE BEEN WARNED

Here it is folks, in plain English.

WHEN, not if if happens here do not say you weren't warned.

Cypriot officials insisted no levy on smaller depositors was impossible. One senior Cypriot official involved in the talks said that because about 35 percent of all deposits are below the threshold, exempting them would mean a rate so high for the rest that it would no longer be viewed as a tax.

"If this is successful then it will be used in the future," said the dejected official, predicting Spanish and Italian banks could face similar levies. "If this is not successful then who cares about Cyprus."

That's not a prediction it is a statement of fact, and it will come here too.

"IT WILL BE USED IN THE FUTURE"

Got that?

Your 401k or IRA?

It's not yours.

They'll steal it, along with your bank account. FDIC and SIPC insurance be damned to Hell.

They just admitted that they will do exactly that to bail out their friends who made bad bets and themselves who failed to enforce the law prohibiting these losses from accumulating without the institutions being closed long before you could lose a single penny.
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