No cash for you!

According to Reuters: ...the cash-on-cash return to all uninsured depositors in the healthy, i.e., only remaining big Cyprus bank, will be a big, fat doughnut.

How would you feel if you woke up someday and 40 percent of your life savings was suddenly gone?

Are the dominoes about to fall?

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The talk of the town

Townhall: It Begins: Confiscation of Private Funds by Government Desperate for Cash

Investor's Business Daily:

Already Congressional Democrats are plotting the expropriation of Americans' private 401(k) and IRA retirement savings accounts in favor of "a guaranteed income." If bank accounts can be casually expropriated in Cyprus to pay for big-spending governments and bailouts, there is no reason a nice slice of the $19 trillion in retirement accounts can't get the same treatment.

If it happens, it will signal the end of individual freedom and the return of feudalism.

First, They Came For The Cypriots...

Yes, MF Global was the Direct Antecedent to Cyprus

Word is that the initial plan was for a 40% (!!!!) levy confiscation of Cypriot bank accounts. They settled for a MERE 6.75% and 9.9% dual-layered compromise.

Finance: The Cypriot Confiscation is Terrifying

Posted by Ann Barnhardt - March 16, AD 2013 9:27 PM MST

Yes, MF Global was the Direct Antecedent to Cyprus
Posted by Ann Barnhardt - March 17, AD 2013 2:06 PM MST

Cyprus is MF Global on a national, retail banking scale. Corzine absolutely blazed this trail. The particulars are almost exactly the same. Both MF Global/Corzine and Cyprus were failing entities, both took massive, uber-leveraged risks on European sovereign debt, both swept sacrosanct customer money when the house of cards finally collapsed under the weight of its own math.

The indefensible zeroes and ones were instantly swept from the computer servers and customers were locked-out of their accounts.

Interestingly, both were goaded on and enabled by the same people. Corzine was a crony of the Obama regime, which is operationally a Chicago-based phenomenon, as are the regulators of the futures industry, along with the CME group itself.

Cyprus was goaded, overseen, and then "harvested" by the International Monetary Fund, which is chaired by Christine Legarde, who is a Chicago player, and who actually was a partner at Baker & McKenzie before being placed at the IMF by the Obama regime and bankster oligarchy. Cyprus was Christine Legarde's play, and Legarde is in the Chicago oligarch circle.

This will happen here. It already has with MF Global, Cyprus is testing the national, retail banking level, and then it will happen here. They might go straight to bank holidays here, as Warren Pollock has been talking about for over 18 months now, or they may do a levy confiscation like this on retirement accounts.

If you have any money exposed to the financial system, you're just stupid. That's it. Bottom line.