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BERNANKE STATES CYPRUS STYLE DEPOSITOR HAIRCUTS POSSIBLE IN US IF EVENTS IN EUROPE BECOME CONTAGIOUS!

 
Anonymous Coward
User ID: 36568650
United States
03/20/2013 06:49 PM
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Re: BERNANKE STATES CYPRUS STYLE DEPOSITOR HAIRCUTS POSSIBLE IN US IF EVENTS IN EUROPE BECOME CONTAGIOUS!
At 3:18 PM EST Bernanke was whether a seizure of deposits could happen to US depositors as in Cyprus, if the economy gets worse?
Beranke’s translated response: Only if the Cyprus event or another event in Europe were to become contagious and the people lose confidence in the US dollar

[link to www.silverdoctors.com]
 Quoting: gebahie



In my opinion, ANY attempt by ANY U.S. governmental entity to STEAL ANY money from private citizens should be met with, shall I say, a "vigorous" response, and perhaps no response would be too vigorous.

It would be the SAME as a burglar breaking into your house.

Enough said.
 Quoting: Anonymous Coward 1222180


What you say is unarguably true....however, what did you think the net result was when the bank bailouts occurred when all of these hundreds of billions of dollars came into existence merely to support a system caught in the fallacies of it's own design?

That was just as much a burglar breaking into your savings. Only now, it is not convoluted for even the most simple dolt to realize the theft they are trying to pull off.
 Quoting: Anonymous Coward 36568650


Well if you want to get technical a nickel in 1913 could buy what a dollar buys today, I think it's actually a little less maybe 4 cents but you get the picture.

Wages haven't gone up as much in comparison. The difference is pure theft.

We could also look at natural deflation versus artificial inflation. By all accounts our economy should always be experiencing deflation in prices. As businesses get started they learn how to more efficiently do what they do, make widgets or clean your ventilation ducts they get better and so do the competition so naturally prices should get lower over time but we see prices ALWAYS increase.

The difference between what prices SHOULD be as per natural deflation and what the really ARE is the amount of actual theft that has occurred, and it has to be at least twice as much as what we assume for depreciation of the currency.

.
 Quoting: Anonymous Coward 961432


It is becoming clear that many are now starting to understand the situation that has been bestowed upon us. Now what?

I keep hearing this song in my head:

kennyrules2005

User ID: 28995945
United States
03/20/2013 06:57 PM
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Re: BERNANKE STATES CYPRUS STYLE DEPOSITOR HAIRCUTS POSSIBLE IN US IF EVENTS IN EUROPE BECOME CONTAGIOUS!
Someone should give Bernanky a new haircut you know just take a little off the top. :D
~ Time devours all things, nothing ever stays the same so why get upset when it inevitably changes. Everything is as it should be. Just go with the flow of life. ~
Anonymous Coward
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03/20/2013 07:01 PM
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Re: BERNANKE STATES CYPRUS STYLE DEPOSITOR HAIRCUTS POSSIBLE IN US IF EVENTS IN EUROPE BECOME CONTAGIOUS!
At 3:18 PM EST Bernanke was whether a seizure of deposits could happen to US depositors as in Cyprus, if the economy gets worse?
Beranke’s translated response: Only if the Cyprus event or another event in Europe were to become contagious and the people lose confidence in the US dollar

[link to www.silverdoctors.com]
 Quoting: gebahie


What was Bernanke's actual response? Maybe he didn't say that at all.

He was not answering questions in French during his Congressional testimony. There is no need for translation, so what did he actually say?
 Quoting: Anonymous Coward 33389306


This is what he said...

3:18 PM: I don't think a bank run in Cyprus has direct implications for the U.S. economy unless depositors in other countries lose confidence. I'm not aware that there is any evidence that is the case at this point. I consider a deposit tax to be extremely unlikely in the U.S.
Anonymous Coward
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03/22/2013 07:40 AM
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Re: BERNANKE STATES CYPRUS STYLE DEPOSITOR HAIRCUTS POSSIBLE IN US IF EVENTS IN EUROPE BECOME CONTAGIOUS!
Holy $hit...just read this. I am taking it all out. Not getting anything in return anyways just sitting in a deposit account.
Anonymous Coward
User ID: 32191842
United States
03/22/2013 08:00 AM
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Re: BERNANKE STATES CYPRUS STYLE DEPOSITOR HAIRCUTS POSSIBLE IN US IF EVENTS IN EUROPE BECOME CONTAGIOUS!
One thing to remember here is that all the dollars floating around which we think is ours... Isn't.

It's not our money.

It is lent to us by the fed.

They can take it back at anytime they want.

And you can't do a damn thing about it.

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