by Deepcaster, Silver Doctors:
A Climacteric began in the International Economy and Markets last week. Its Ramifications have not been widely acknowledged. It provides Great Opportunity and Great Risk. Moreover, this Mega-Development signaled that a Great Opportunity Window is beginning to close. And it signaled loud and clear that The Great Danger of which we have earlier written is approaching ever nearer.
The Opportunity which may well not arise again in our lifetimes. So it is important to carefully consider the implications of that Mega-Development for citizens, savers, and investors around the entire World, including the Great Risks to which it also gives rise.
The Mega-Development to which I refer is the unsuccessful attempt by the government of Cyprus to confiscate the Deposits (ostensibly insured under 100,000 Euros) of Savers by imposing a “Tax” of 9.9% or more on deposits in excess of 100,000 Euros and 6.75% on deposits from 20,000 to 100,000 Euros.
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