Saturday, 16 March 2013

Secular Café: Daylight Robbery

Secular Café
For serious discussion of politics, political news, policy, political theory and economics and events happening round the world
Daylight Robbery
Mar 16th 2013, 13:56

As part of a deal to save the economic situation in Cyprus a deal has been struck, which means that individual depositors in Cyprus will lose between 6% and 10% of their savings varied according to the amount they have in their savings.

This is daylight robbery with violence.

The implications are that no-one's savings are safe anymore and it might be time to pull the money out and go into gold.

http://www.guardian.co.uk/world/2013...-bailout-anger

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