Tuesday, 19 March 2013
Max Keiser on Cyprus: The debt bomb just got bigger: The amount of debt worldwide is more than all of the bank accounts in the world, and the current financial situation in Cyprus is the inevitable next phase: Confiscation.
Cyprus banks euro tax bail-out is a small-scale smash-and-grab compared to Britain’s slow-motion bank robbery ; Outrage about the Cyprus banks euro tax bail-out should not be allowed to obscure the fact that millions of savers in British banks have already lost much more of the real value or purchasing power of their money to prop up financial institutions closer to home.
Russian anger at Cyprus bailout levy: Russian President Vladimir Putin called it "unfair, unprofessional and dangerous", while the finance minister said Russia may reconsider the terms of a 2.5bn euro loan (£2.1bn) to Cyprus.
Germany And IMF's Initial Deposit Haircut Demand: 40% Of Total: It appears that the settled-upon 9.9% haircut is a 'good deal' compared to the stunning 40% of total deposits that Germany's FinMin Schaeuble and the IMF demanded.
Is Your Credit Union Safe?: If you think credit unions automatically give you a safe haven far removed from the weakened U.S. banking system, think again.
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