“The president of Cyprus assured voters that he would never, ever tax their bank accounts. Now he says the government must do this. Any voter who heard this assurance should have gone to his bank immediately and withdrawn half of his money. Then he should have sent another 40% to a German bank. The other 10% he might have left in his bank to meet existing expenses. Anyone who left all of his money in the bank was a fool. He trusted the head of the country.”
http://teapartyeconomist.com/2013/03/18/believe-a-politician-and-you-will-lose-your-money/
Related posts:
When The Media Lauded Clinton's Gestapo Immigration Tactics
Jim Rogers: At What Price You Should Start Buying Gold
Bruce Schneier: iPhone Fingerprint Authentication
Super-Mario's new dawn
Paul Craig Roberts: Who Gets to Push the Nuclear Button?
The Strange Moral Compass of Christopher Dorner
Jim Rogers: Need to own real assets in India
Why Are Bond Yields Falling as Stocks Rally?
Washington frets over Saudi ties
I Am Curious About Why Vital Information Was Not Publicized
Gold: Dead Cat Or Raging Bull?
John Hussman: Reversing the Speculative Effect of QE Overnight
Meles Zenawi: The Ethiopian Marriage of Marxism-Leninism and Capitalism
France’s answer to terrorism: The Law of Suspects
American Exceptionalism: Putin, the Neocons, and Ron Paul