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

Seems like the wrong thing for him to say. Unless they want it to spread...

duh

Bank run bitches!

:ben:

Pin request
5*
Guess our answer is right there.

That means one thing. They are prepped and ready.

and :pin: BITCHES!

IF / when people lose confidence in US Dollar....it won't matter anyway.

it means the currency has gone Weimar and is worthless anyway.
Once the confidence is lost...it's over because the US Dollar is not backed by anything else.

Meanwhile.......

Save us, Bernankacide!

:bernankecide:

Our Federal Reserve just admitted that they can steal our money whenever they decide things have gotten so bad they need to. That's what I was waiting to hear. Thanks, Heli-Ben.

In new zealand the same:

Thread: New Zealand government now planning a Cyprus-style confiscation to fund bank bail out

Time to "Cash-Out"

Everyone note that the Canadian said that, not me.

Nothing so reassuring as the chairman and high priest of monetary science stating things won't get out of hand, unless they get out of hand.

.

....more like "Purchase Assets"


.

Bank run in Cyprus has already begun on ATM withdrawals alone. This is going to get ugly.

" that the banks remain shut until that deal is concluded to minimize the low-level bank run that is already under way as Cypriots continue to empty automatic cash machines."

"During Friday's marathon negotiations over the current bailout proposal, ECB executive board member Jörg Asmussen made clear to President Nicos Anastasiades that failure to agree on a deal that weekend would make it impossible for the ECB to provide a further extension of ELA. After all, ECB rules don't allow national central banks to lend to insolvent banks."



[link to online.wsj.com]

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?

Nice ass!

Yep, that's what I hear...

Cash out?

Whoo hoo!

We need more sources on this. That makes no sense

Yes, agreed. Another source OP?

Last Edited by 2012Portal on 03/20/2013 02:56 PM

No it's easiere to just print money. Why obviously steal? Cyprus had no alternative

Here's the Press Conference video, now to find the relevant talk...

Last Edited by Propagandiated on 03/20/2013 03:01 PM