Become Your Own Central Banker, by L.B.G.
As I compose this essay the news of the proposed “taxation” of the depositors of the banks in Cypress via a confiscation of up to 9.9% of the balance from all savings accounts (and then the decision to not take that step) is rocking the financial world. The government of Cypress expressed the need for this measure in order to meet their obligation to the European Union. They called it a “tax on deposits” and “giving depositors a haircut”. I think a better term would be “stealing depositors’ money”. So go to Plan B….seizing funds in pension accounts and turning …