Friday, March 22, 2013

The Cyprus depositor bail in could never happen here... Or could it?

So it appears both the UK bank of England & the US fed have already floated the idea. They have thought about it & justified it to themselves. That doesn't mean it will happen but last week no one thought it would happen in Cyprus...

Zero Hedge: Guest Post: Whose Insured Deposits Will Be Plundered Next?

When you factor in the value eroding low savings rates created by QE and inflation which is now calculated on the new lower cpi basis some say you have already received a 25% deposit "tax" since 2000.

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