As Forewarned, The Irish Savers Have Just Been “Cyprus’d”, And There’s MUCH MORE “Cyprusing” To Come
passed on these glad tidings—Not! I don’t know what to tell you,
friends. This world she is a-changing. We need to meditate a lot while
keeping one eye on the Illuminati—because they’re desperate now for
funds. Mercenaries don’t work for peanuts.
Maybe it really is time to hide the cash in the mattress, but
then, after The Event, and the prosperity funds and NESARA are released,
we’ll get back all the money the cabal stole from us—including what
we’ve given the IRS. Won’t that be delicious?
This is likely to be the biggest financial story of the month, a
story that’s bigger than Cyprus, and a story that you’re not going to
see in American mainstream media – not by a long shot. Let’s take this
from the top, for BoomBustBloggers were warned weeks in advance.
On Wednesday, 27 March 2013 I published EU Bank Depositors: Your Mattress Is Starting To Look Awfully Attractive – Bank Risk, Reward & Compensation wherein
I explained that the situation of extreme loss faced by Cyprus bank
depositors, savers and bondholders will not be a unique story – as
The deposit accounts that you were getting just a few hundred basis points for have developed:
- Liquidity risks: The capital controls that weren’t supposed to happen (see No Capital Controls In The EMU? Liar Liar Pants On Fire), happened! See Cyprus Banks Set To Reopen, To Serve As Glorified ATMs With A €300 Cash Withdrawal Limit
- Credit risks: Your so-called safe investments will suffer up to a 40% haircut! Mainstream Media Says Cyprus Salvaged By EU Deal, I Say Cyprus Is Sacrificed By Said Deal – Thrown Into Depression
- and Market risks: Demand depositors have forcibly purchased highly
speculative synthetic call options with their haircuts that are unlikely to compensate anyone for anything!
The little app below calculates what return you should expect to
receive to take on the risk of a potential 40% haircut. The second tab
offers what recent Cyprus bank rates were. Do you see a disparity???
There are a lot of diagrams and graphics in this post so please visit the website for the rest of this article.
Thanks to: http://2012thebigpicture.wordpress.com