by P. Henry, SHTFPlan:
Unless you have been on vacation the past few days or out of touch with the never ending news media we live in you have seen or heard about the event in Cyprus. For those who haven’t heard, the short story is that the IMF has pushed for a “wealth tax” in Cyprus which would involve taking money directly out of the bank accounts of the people. That’s right, stealing in broad daylight with no apologies whatsoever. The IMF is saying that the people of Cyprus need to pay back the bankers who stole and lost their money. This is done with the threat of being kicked out of the Euro zone if they refuse. Make no mistake, this is a trial run and they will be coming for money in your accounts very soon.
So, what can you do about it? Can you put your money in stocks? What about investments like property or fancy cars? My opinion is that nothing is safe. If your money is out of your reach and stored in any type of financial institution it can be stolen. Before I go any further let me state what should be obvious to most of you.
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