EXTREMELY DISTURBING: IMF Goes Directly After Bank Depositor Money

[green73]

This is unbelievable. I've got family who are going to lose thousands.


The banksters are getting desperate. The IMF today took an unprecedented step to grab bank depositor money.

In a new plan to bailout the government of Cyprus, under the watchful eye of the IMF, depositors in Cypriot banks will be hit with a one-time tax on their savings, as part of a €10 billion ($12.96 billion) bailout.

In a deal, announced early Saturday, accounts with more than €100,000 will be taxed at 9.9%, those with less at 6.75%, raising an expected €5.8 billion for the near-bankrupt nation.

Cypriot Finance Minister Michalis Sarris said the Cypriot Parliament would adopt the taxes over the weekend and the money would be extracted from accounts before banks take up business Tuesday. Monday is a public holiday.

cont
http://www.economicpolicyjournal.com/2013/03/extremely-disturbing-imf-goes-directly.html

[torchbearer]

no revolution?
the theft couldn't be more obvious.

[green73]

Karl ‏@tickerguy

If you think what Cyprus just did is an "anomaly" you're not very smart. If you remain exposed to it anywhere in Europe you're REALLY dumb.

[Cleaner44]

Keeping money in bank accounts is a great way to have your money stolen officially.

[moostraks]

Crap. Inspiration for a bank run.

[torchbearer]

Crap. Inspiration for a bank run.bank holiday. no run until the money is gone anyway. if everyone still decides to take their money out, the government will take that remaining money from them by force to 'bailout' the banks. going to the end game.

[moostraks]

bank holiday. no run until the money is gone anyway. if everyone still decides to take their money out, the government will take that remaining money from them by force to 'bailout' the banks. going to the end game.

Should have been more clear. I didn't mean there,I meant elsewhere. Coming to a bank near you is how this reads to me. Sets a precedence that these folks will enforce on all the other countries.

[phill4paul]

bank holiday. no run until the money is gone anyway. if everyone still decides to take their money out, the government will take that remaining money from them by force to 'bailout' the banks. going to the end game.

Meh, we're talking about Cyrus. We would never have to worry about bank runs in America. /s

[Bern]

History repeats itself again. Bank holidays and theft / devaluations happen all the time. It's unusual for the State to impose the theft on behalf of another actor (the IMF), but it's still the same story regardless. Digital ones and zeros in a bank's computer are easy for the State to control.

[Anti Federalist]

Meh, we're talking about Cyrus. We would never have to worry about bank runs in America. /s

http://1.bp.blogspot.com/-9epCypmSrUU/UJguqDRC7II/AAAAAAAAA4s/OM7QUjMzfcs/s1600/bank-run-wonderful-life.jpg

http://www.hi-beam.net/mkr/bk/kon-junky.jpg

[itshappening]

This is the reason why you shouldn't have cash lying in bank accounts. Buy physical PM's and proclaim "COME AND TAKE IT"

[Anti Federalist]

no revolution?
the theft couldn't be more obvious.

LOL @ Revolution.

The entire western world has been chemically cleansed of any testosterone.

The very concept is unthinkable.

[sailingaway]

There is another thread on this, I may merge them eventually, but the headlines are very different.

[acptulsa]

Meh, we're talking about Cyrus. We would never have to worry about bank runs in America. /s

http://bayrun.com.au/OLD/great-depression-banks-closed-i13.jpg