New EU Plan Will Make Every Bank Account In Europe Vulnerable To Cyprus-Style Wealth Confiscation

They want their money back, you have only thought it was your money. That you worked and saved for yourself.

On Thursday, EU finance ministers agreed to a shocking new plan that will make every bank account in Europe vulnerable to Cyprus-style bail-ins.  In other words, the wealth confiscation that we just witnessed in Cyprus will now be used as a template for future bank failures all over Europe.  That means that if you have a bank account in Europe, you could wake up some morning and every penny in that account over 100,000 euros could be gone.  That is exactly what happened in Cyprus, and now EU officials plan to do the same thing all over Europe.

For quite a while EU officials insisted that Cyprus was a “special case”, but now we see that was a lie.  International outrage over what happened in Cyprus has died down, and now they are pushing forward with what they probably had planned all along.  But why have they chosen this specific moment to implement such a plan?  Are they anticipating that we will see a wave of bank failures soon?  Do they know something that they aren’t telling us?

Amazingly, this announcement received very little notice in the international media.  The fact that bank account confiscation will now be a permanent part of the plan to bail out troubled banks in Europe should have made headline news all over the globe.  The following is how CNN described the plan…

European Union finance ministers approved a plan Thursday for dealing with future bank bailouts, forcing bondholders and shareholders to take the hit for bank rescues ahead of taxpayers.

The new framework requires bondholders, shareholders and large depositors with over 100,000 euros to be first to suffer losses when banks fail. Depositors with less than 100,000 euros will be protected. Taxpayer funds would be used only as a last resort.

According to this new plan, bondholders will be the first to be required to “contribute” when a bank bailout is necessary. Think GM and how that worked.

The Global Elite Are Very Clearly Telling Us That They Plan To Raid Our Bank Accounts

Don’t be surprised when the global elite confiscate money from your bank account one day.  They are already very clearly telling you that they are going to do it.

Dutch Finance Minister Jeroen Dijsselbloem is the president of the Eurogroup – an organization of eurozone finance ministers that was instrumental in putting together the Cyprus “deal” – and he has said publicly that what has just happened in Cyprus will serve as a blueprint for future bank bailouts.  What that means is that when the chips are down, they are going to come after YOUR money.

So why should anyone put a large amount of money in the bank at this point?  Perhaps you can make one or two percent on your money if you shop around for a really good deal, but there is also a chance that 40 percent (or more) of your money will be confiscated if the bank fails.  And considering the fact that there are vast numbers of banks all over the United States and Europe that are teetering on the verge of insolvency, why would anyone want to take such a risk?  What the global elite have done is that they have messed around with the fundamental trust that people have in the banking system.  In order for any financial system to work, people must have faith in the safety and security of that financial system.

People put their money in the bank because they think that it will be safe there.  If you take away that feeling of safety, you jeopardize the entire system.

Read the rest here ….

Pop: France is ‘totally bankrupt’, jobs minister admits as concerns grow over Hollande’s tax-and-spend policies

The communist lights the way forward … but Obama is so much smarter than the others. LOL!!!

• Minister Michel Sapin said: ‘There is a state but it’s a totally bankrupt state’
• Unemployment and living costs have spiralled since party came to power
• President trying to revive economy through cutting spending by £51billion
• Finance Minister Pierre Moscovici said Mr Sapin’s comments were ‘inappropriate’ and tried to blame Nicolas Sarkozy’s government
• An online poll in Le Figaro newspaper showed that 80.5 per cent of readers agreed that France is bankrupt

Mail online writes:

France’s Socialist government was involved in a vast damage limitation exercise today after a senior minister admitted that the country was ‘totally bankrupt.’

Colleagues of Michel Sapin, secretary of state for employment, insisted that he was merely highlighting the faults of the last conservative administration, after the minister said the government’s tax-and-spend policies are just not working.

Finance minister Pierre Moscovici said: ‘What he meant was that the fiscal situation was worrying’, and added that the last government, led by Nicolas Sarkozy, had accumulated £513billion of debt.

May I suggest, communism doesn’t work, don’t you know it’s failed all over the world. So how exactly how is your communism better than Fidel Castro’s communism?