Judge Napolitano: The Government Can Steal Your Money

3/18/13 - In order to fund a bailout of Cyprus, European leaders have proposed the institution of a tax on bank deposits for residents of the small island nation. A vote is expected on the plan on Tuesday. Cypriots rushed to pull their money out of banks and ATMs before the tiny Mediterranean nation's government could finalize a plan to seize depositors' funds to satisfy austerity demands from euro zone leaders, sparking a run that prompted banks to be closed until at least Thursday. The island nation's leaders were huddling to come up with a way to soften the blow on average depositors, with one proposal targeting accounts with deposits above $130,000. So, could the same thing happen in America? Judge Napolitano says yes. "The people who have more than $100,000 in the bank are targets for any government that's looking for money to shore up its own inability to manage its finances."

Bank Chaos In Cyprus : What No One DARES To Say

What they also do not dare to say is that it is just the beginning. Cyprus got 10 billions before. That is about 10.000 euro per Cypriot resident - not that the people got that money, just to show a relation. Now there is a new bailout and the ppl have to pay. It wont change anything on the long-term. If they are bankrupt all deposits vs. debt would have to be wiped out to really have a chance to start off new.

Russia Vs Germany Cold War starts in Cyprus ?

Stratfor Europe Analyst Adriano Bosoni discusses the controversial Cypriot bailout proposal and its effects beyond the European Union.

Matt Taibbi ~ JP Morgan a Good Bank is just an Urban Myth

Matt Taibbi, explained the myth of JP Morgan Chase as the "one good bank", why too big to fail is the problem, why Washington finally getting fed up with Wall Street, How Wall Street miscalculated the 2012 election, how JP Morgan Chase hides losses and commits regular acts of financial fraud and is genuine Wall Street reform possible now?

Cyprus Deposit Tax aimed against Russian Oligarch Money Laundering

Cyprus has become the money-laundering centre of Europe ,Cyprus has a chequered record. A year ago, for example, the country got into hot water for letting a Russian ship carrying 60 tonnes of ammunition bound for the Syrian regime dock, refuel and leave in violation of an EU arms embargo.The game being played on Russia through Cyprus will make Russia stronger. Russian expats will return their money to Russia and Russia will start looking at Asia with more enthusiasm.