The Phaserl


European Bail-In Ramifications – An All-Time Low for Global Complacency

by Andy Hoffman,

On March 16th, an economic “shot heard ‘round the world” was fired; when for the first time in modern history, a “bail-in” was negotiated to save collapsing Cypriot banks…

Cyprus’ Bank Deposit Bail-in – March 16, 2013

Given the utter FAILURE of “bail-outs” and government supported FRAUDULENT accounting to improve the global economy – and the stigma attached to vile “too big to fail” banks; there was no political will for an alternative solution.  This is why Dutch Finance Minister Jeroen Dijsselbloem – one of the deal’s architects – stated it would be the “template” for future European bank failures.  In other words, banks crossed the line from depositor custodian to creditor

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