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I've visited Cyprus a number of times, last time only last year. It's not an island of wall to wall millionaires. Most just ordinary working people. If they get away with robbing the people here, they'll try it elsewhere.
1. Regular people invest in the stock market through their work-provided pension plans, and then watch the stock market with a mixture of hope and dread because they know that how they will live in their retirement years is tied to that magic number. And yet it is the Wall Street brokers and major banks (and their criminal mismanagement of our money) that contributed to getting us into the financial mess we are in now. There have been few systems put in place to prevent this from happening again and how many of these crooks have you heard about going to jail for their lying and deliberate and gross mismanagement (that almost took down the entire world)?
2. Banks and stock brokerages give million dollar bonuses to CEOs and regular employees, supposedly to recruit the best and brightest. Their actions destroyed the collective wealth of millions of Americans, devastated the housing market, created mass unemployment. We (the taxpayers) bailed them out when their companies went bankrupt, and yet they will not let go of their tight grip on the money we gave them. Try getting a loan.
3. We gave our government the power to spend TRILLIONS, and we have almost nothing to show for that money spent. We will never get it all back. Our children will never get is all back.
4. We have a government in this country that is currently pushing boundaries to see what the citizens will and will not stand for. Everything from the size of soft drinks, to drones over cities, to gun control proposals, to TSA groping, to consciously trying to increase the number of social safety net recipients, to additional leniency towards those who cross our borders illegally, to governmental oversight of 401K plans.
5. The government cannot be trusted to act in the best interest of our country. There is too much switching of job descriptions amongst those who float regularly between working for big money business and working in politics. There is too much "beholden to those who gave the money". Corporate donations to campaigns is not free money without strings attached. At some point the walking suits in corporate America call in the favors from the walking suits in DC. There is too much mismanagement of tax payer money. Can you name one (just one) government department that is fully accountable, fully transparent, fully efficient with the use of the tax payer dollars they receive?
6. Those who say that it couldn't happen in this country (nobody wants to take your guns away, just buy two drinks, drones are never going to kill Americans on US soil, they're not going to steal our savings) are burying their heads in the sand. The potential for corruption is there. The opportunity is there. The potential for over-reach is there. In some, the will is there. We must NOT become complacent ever again. Regardless of political affiliation, the citizens must be vigilant and begin to demand accountability. And they must begin to stand up and speak when something is wrong. You're right - if this goes through in Cyprus it will be the first of many to come.
They voted against it but the damage is done. I'd pull my savings out in a heartbeat as next time they won't announce it they will just do it. These governments need money and they don't do ANYTHING to produce ANYTHING so they must confiscate it from others like all other governments. We sit here and look at ours get bigger by the hour and their continual march of confiscating more and more from those who produce.
People think it will never happen here. The problem is people don't realize that it is already happening here. As I said in a previous post, it is just a different method.... higher taxation yes, AND Printing money.
When the government prints money it devalues the dollar and your dollar buys less and less. If you are a saver, you are a loser. why? because the money you saved and put in your bank account is worth less and less. The Dems and Ben is printing up a storm devaluing your savings. So they didn't take 10% out of your bank account directly but their actions to keep spending and to keep the government afloat effects the value of the money in a negative way. essentially printing money because we are broke and taking money off the American people by printing money. .
People think it will never happen here. The problem is people don't realize that it is already happening here. As I said in a previous post, it is just a different method.... higher taxation yes, AND Printing money.
When the government prints money it devalues the dollar and your dollar buys less and less. If you are a saver, you are a loser. why? because the money you saved and put in your bank account is worth less and less. The Dems and Ben is printing up a storm devaluing your savings. So they didn't take 10% out of your bank account directly but their actions to keep spending and to keep the government afloat effects the value of the money in a negative way. essentially printing money because we are broke and taking money off the American people by printing money. .
They do it through interest rates. Drop em down to nothing so you get nothing then Ben prints up the difference and hands it over to the banks. You get nothing and they get what they want.
People think it will never happen here. The problem is people don't realize that it is already happening here. As I said in a previous post, it is just a different method.... higher taxation yes, AND Printing money.
When the government prints money it devalues the dollar and your dollar buys less and less. If you are a saver, you are a loser. why? because the money you saved and put in your bank account is worth less and less. The Dems and Ben is printing up a storm devaluing your savings. So they didn't take 10% out of your bank account directly but their actions to keep spending and to keep the government afloat effects the value of the money in a negative way. essentially printing money because we are broke and taking money off the American people by printing money. .
Then, let's put "W" Bush on trial, for theft of funds on an unheard of before scale. During his administration our nation was brought to its knees, financially. And Ronald Reagan, as well. A thieving bastard he must have been! Bust 'em all!
Then, let's put "W" Bush on trial, for theft of funds on an unheard of before scale. During his administration our nation was brought to its knees, financially. And Ronald Reagan, as well. A thieving bastard he must have been! Bust 'em all!
Congress did nothing regarding Bush and Reagan is dead.
You want to see apathy in America..just look at Congress.
Then, let's put "W" Bush on trial, for theft of funds on an unheard of before scale. During his administration our nation was brought to its knees, financially. And Ronald Reagan, as well. A thieving bastard he must have been! Bust 'em all!
Wow-
Whenever presented with a current political or economic problem, every liberal will simply reflexively say, "blame Bush" as thier "solution". Meanwhile, the libs DO have their heads buried in the sand, ignoring everything Obama does that would otherwise cause considerable concern and disbelief.
They didn't vote yet. And the new proposal is to not tax deposits under $20K Euro now; everyone else will still be taxed.
Well the line has been crossed...
From your link..from Ms IMF herself is in favor of taxing citizen's savings:
The managing director of the International Monetary Fund, Christine Lagarde, said Tuesday she was in favor of modifying the agreement to put a lower burden on ordinary depositors.
Why shouldn't Cyprus citizens bail out out russian money launderers?
Whenever presented with a current political or economic problem, every liberal will simply reflexively say, "blame Bush" as thier "solution". Meanwhile, the libs DO have their heads buried in the sand, ignoring everything Obama does that would otherwise cause considerable concern and disbelief.
It is Bush Derangement Syndrome. Many are afflicted with it. I just hope it's not a genetic thing that is passed on to their children. The only cure is to stay away from certain websites I think. lol
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