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

I work for a small community bank that has been nearly unaffected by the financial crisis, mainly because we've been conservative and haven't made risky loans like the big guys. This is where you should move your money if you want to keep it, smaller banks where management actually lives in the real world.

Sigh. Exactly what I was thinking.

the best way to find truth is looking at propaganda :b

Does it really matter? At the rate of depreciation of the dollar, it would be cheaper for Ben to keep the presses rolling instead of shelling out zillions of dollars defending lawsuits that will happen if he or the gubbermint tried that shit.

he says it would be extremely unlikely?

benny butt hair bernanke is really screwing up..

If they took all the cash and it is worthless, what are they getting? What is the point?

Thanks to the one that found the time stamp in the video.

This is why it's important to follow sources and weed through the sensationalism.

The Reserve Bank is defending new rules to deal with a bank collapse and said its policy is nothing like moves to tackle a banking crisis that have caused chaos in Cyprus.

New Zealand's central bank is in the final stages of introducing an "open bank resolution" policy to be used if a commercial bank fails.

Such a bank would immediately be placed in statutory management and customers would have an unspecified amount of money taken out of their accounts to help fund the bailout.


[link to www.radionz.co.nz]

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

I cashed out on Monday. This shit is getting real. It may not be this week or next week, but I figure it will happen here within months. I'll keep enough money in the account to cover near term bills, and that's it.

A shill with silver,water,food,seeds, etc

Folks get your game day buckets on!

That sure looks lovely I'm a pretty poor student so I don't have a garden :S But I'm doing what I can. My friends seems to get what I'm saying but they are not doing anything and my family thinks I'm crazy

Government still has access to our bank accounts in small banks or credit unions. If rulers of obamacare or any other govt. employees want to siphon off bank accounts, they will

My Family thought I was crazy, now....they listen


Last Edited by Lupe_Ate_My_Tacos on 03/20/2013 03:32 PM

If the economy gets worse? But I though all the libtards said we were in full recovery?!

Because you are now classified as an "Investor" in the bank, rather than a "Depositor". Investors can be required to provide capital infusions...

They changed your definition when they repealed Glass-Steagall...

Thanks for finding the statement Bud!


He said almost word for word. "Syprus is a tiny economy, I don't think as worrysome as this is....for Cypriots. The only way for a problem if runs become contagious. If depositiors lost confidence. I don't see an indication"

So same thing as quoted above.

He just told you what they are going to do!

And where they may actually accept your PM's as, dare I say, legal tender......

Well, I HAVE CONFIDENCE in the US DOLLAR. Don't you? (NUDGE NUDGE)

BERNANKE needs to be replaced
This is not about incompetence, this is about corruption