Last-minute Cyprus deal to close bank, force losses

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Posted by: SAM

And a new tax is born! Somehow I think Cyprus is a testing ground for a future launch of the concept of tax on deposits at a larger scale in some parts of Europe. Watch the price of gold and the stock markets dramatically go up, once the dust settles. It appears that purchasing power devaluation is being pushed down certain countries, but at the same time avoiding a direct impact on the euro itself, by taxing deposits; the strategy is to lower the purchasing power of the people, but not the euro. Very clever but dangerous strategy when you can't predict the interplay.

Posted by: TARIQ

THIS IS MODERN DAY BANK ROBBERY.....AMAZING PERFORMANCE BY EUROPEON UNION AND IMF

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