Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
The Cyprus government IS the people. Just like in the USA. The money "stolen" still belongs to the people of Cyprus, and will be spent in the Cyprus economy to benefit the people of Cyprus, according to the advice and consent of the people of Cyprus. That's how democratic free market republics work.
So what about the stock holders and bond holders in the bank? They should go to zero. That is like GM repossessing cars to increase profits for stock and bond holders. Why can't we just have a normal bankruptcy anymore? How about every time a crime is committed we don't bother catching criminals? Just punish random people.
The Cyprus government IS the people. Just like in the USA. The money "stolen" still belongs to the people of Cyprus, and will be spent in the Cyprus economy to benefit the people of Cyprus, according to the advice and consent of the people of Cyprus. That's how democratic free market republics work.
That's exactly why it's going to happen here in the USA. The politicians here in the USA are already eyeing up the 401K plans of those people who didn't waste and spend all their incomes, they need those savings to keep buying themselves votes.
It's only a matter of time before the 401K plans of the working people are confiscated to redistribute in a way that keeps certain liberal politicians in office. The money earned by only a few will be seen as "the peoples' money", not the money of those who worked for it and saved it.
The Cyprus government IS the people. Just like in the USA. The money "stolen" still belongs to the people of Cyprus, and will be spent in the Cyprus economy to benefit the people of Cyprus, according to the advice and consent of the people of Cyprus. That's how democratic free market republics work.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
