Subject: All Banks To Impose "Capital Controls" within Weeks.
Things are happening as predicted. A whole lot of talk coming out of Europe that the Cyprus issue is under control and yet ALL CYPRUS BANKS ARE STILL CLOSED!
Cyprus making "Superhuman" Effort to Reopen Banks by Thursday
I'm sorry but the "cat is out of the bag" when it comes to FRACTIONAL RESERVE BANKING and it will NEVER crawl back in the bag. Yes, the Cyprus banks will open but depositors will not be able to take all their money out...EVER!
The name of the game will be Capital Controls...meaning that depositors will only be allowed to take out little bits of their money for as long as the system is under stress.
Which will be FOREVER!
The same will happen in Greece, Spain and Italy in the coming weeks with the same disastrous consequences. This will topple the $100 Trillion European Derivative Complex...
THEN GET READY USA!
The US media and market riggers are doing all they can to DUMB DOWN the Sheeple but they are starting to look more and more disingenuous. How many times can they say "everything is fine here" and have people believe them?
Stay alert and stay OUT of the system. It won't be long now.
May the Road you choose be the Right Road.
Posted by John MacHaffie at 8:44 PM