Why Americans should worry Cyprus Bail

Why Americans should worry Cyprus Bail

In Cyprus, the current crisis is that different people in the United States or should be worried about their financial security and money in a bank? Cyprus kind of situation can occur in the United States on the shore.

Cyprus is so great, because aid is allocated in Cyprus. Why Cyprus even need a bailout? Cyprus is a small island near Greece, can be seen as a Cayman Islands, Greece, in particular, Russia's elite. Many savers have put money into Cyprusâ bank in the country, in order to evade taxes. Cyprus banks are basically eight times the size of the U.S. financial industry - when comparing its contribution to GDP. Those banks in Cyprus for its rich books and bet on Greek debt, which for all intensive purposes failed. Those from the bad investments in these banks need to be bailed out of Cyprus, its debt will fail, it will likely have to leave the EU. Cyprus bailout, if adopted in its current form, with unprecedented cost.

Cyprus bailout costs

In this dumb stupid, how stupid is simply led by Germany, the European Union, Cyprus is trying to recover the loan bailout. Rather than banks to take unnecessary risks too, Germany and the ECB are too in these banks to put money into their savings accounts. There is no way in the lower class citizens of Cyprus should be greedy bankers reckless behavior, handed him a bill. On the other hand, Cyprus, Greece and Russia's elite has tax evasion so long, to such a degree that they needed help for Cyprus banks themselves.

Such aid is justified and should not be taxed in the underclass deposits, may have started around 10 million euros, not including tax. What has been proposed to tax, the lower should be the difference between the bank debt holders. If the aid is structured like (Cyprus will probably before that, there are a lot of votes duly passed or not passed, which means they will its debt default), it is actually the best we have seen in terms of aid who caused the collapse of the hit. If you hit the middle of the lower classes of Cyprus relief at any level, this is totally unacceptable.

Why do the people of Cyprus will pay irresponsible bankers

Looking at ECBA € ™ requirements, you can say that the central bank, all of them clearly see who is the enemy cautious. Think about it!

These central banks and politicians rich rewards risk and how these risks blowing Bank's banking, they tried to make the federal government to steal money rich banker bailout of its citizens, who should pay the tab, and face the justice system.

In the United States, we have some large financial institutions to take huge risks. These risks eradicate them, they need taxpayer money, otherwise they will fail. I will always let Fannie Mae (Fannie Mae), Goldman Sachs, JP Morgan Chase, Citigroup, American International Group (AIG), Bank of America (Bank of America) and all the rest of the penalty of failure in 2008. I did not know, I understand what happens when you let these guys blow up. The result would have been a ton of debt depression is destroyed. As a result, the unemployment rate soared to 25-50% for the decade or so, but since the 1970s economic expansion overtighten cleared.

It is widespread deflation. Oil, gas, food, and gold prices will fall 50 percent or more. But bailing these guys, we have made the final destination even as I have just described depression. Since 2000, we have been doing is pushing the ultimate depression and let the haveâ € ™ as much as possible to clean up the wealth of humanity, the front wheels off the party bus. Nota € ™ s just being finalized these tactics. United States is actually in Cyprus. Too big to fail banks in the savings account to pay any interest and the most responsible for the monthly maintenance fee. 

This is how it is not a seizure of our assets?

So now we all know, this is the script. This is what is happening will eventually happen to us unless our leaders change course immediately. One day you wake up and find that Chase, Bank of America (Bank of America) and Citigroup (Citigroup) has frozen your savings account, money managers because they blew up one trillion U.S. dollars of the book, you will have to pay for it . Cyprus leaders seem to have to fight for the lower middle class, but only after some small riots.