BK Cyprus takes some of people's bank...

BK Cyprus takes some of people's bank deposits

Posted in the Jackson-Heights Forum

Washington DC

Los Angeles, CA

#1 Mar 18, 2013
It will never happen here. No need to worry your sweet little head.

Patchogue, NY

#2 Mar 18, 2013
It already is happening here, most Americans are just too lazy to learn how the system works to understand HOW it is happening here.

The PRIVATE Central Bank that controls our currency, The Federal Reserve is NOT a part of the Federal government. It's a private banking cabal.

Let's look at their policies that are more subtle than what's happening in Cyprus, but the effects are the same:

Quantitative Easing. For you low-info partisan cheerleaders, this basically means printing money (Dollars) out of thin air. And, boy are they printing! By definition, this leads to inflation, meaning the dollars you saved are worth less in terms of purchasing power. If the value of the dollar drops by 9.9%, that is the exact same thing as them removing 9.9% of your savings.

(For those of you with historical/intellectual curiosity, when the Federal Reserve was created in 1913,$100 would buy you almost 5 ounces of gold. Those 5 ounces would cost you over $8,000 today.)

Interest rates. The (Private) Federal Reserve is keeping interest rates near 0% until unemployment reaches 6.5%(ha!). The result? The banks get cheap money to invest, private savers earn no interest on their savings. Remember when you used to earn interest on your savings account? Yeah, the big banks "stole" it... just not as blatantly. But it used to be yours... and now it's theirs. You just didn't notice.

Same song, different singers.

Tupelo, MS

#3 Mar 18, 2013
People here are dumbasses. Corzine has already shown how to take people's money and not be held responsible or liable. MF Global was the blueprint for the Cyprus debacle. One's money is not safe in any bank here in the US because there is no rule of law.

Patchogue, NY

#4 Mar 18, 2013
By the way, if any of you are interested in evolving past the mindless partisan bickering stage of being (lol) "politically informed," I suggest you read two books:

'Dishonest Money' by Joseph Plummer, and

'The Creature From Jekyll Island' by G. Edward Griffin.

You'll learn about how our monetary system and political system actually works, and why blindly cheer leading for either party is absolutely absurd.

Educate yourselves! Wake up!! Evolve!!!

Patchogue, NY

#5 Mar 19, 2013
I understand that this thread won't get much play because it doesn't lend it self to the typical left/right arguments...

But I strongly suggest that you all educate yourselves on what happened there, and what will happen there (and here) next.

Yes, I know that you can't blame whats happening there on Bush or Obama, so it doesn't help your juvenile partisan arguments... but please, look at the global economic picture and think about the awful things that are happening around the world.

Then... think about how we're adopting the same economic policies that led to the economic calamity in Europe.

Then... think about how we WILL meet the same fate.

Then... think about 75% tax rates, plus 80% tax rates on what you keep after the first tax...

Then... think about the government raiding 10% of everyone's bank account to pay for the out of control government spending.

Yes, you all want to cheer lead for the political party that you've chosen to blindly support... but so did the people in Cyprus.

Maybe... just maybe... thinking for ourselves can lead to something better than economic collapse and government theft of our savings accounts???

Forget left/right nonsense... educate yourselves! We are the last line of defense... and it's 4th & goal.

Where do you stand?

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