“Private pension funds were just raided by the government in Poland, and a ‘bail-in’ is being organized for one of the largest banks in Italy.  Unfortunately, this is just the beginning.  The precedent that was set in Cyprus is being used as a template for establishing bail-in procedures in New Zealand, Canada and all over Europe.  It is only a matter of time before we see this exact same type of thing happen in the U.S. as well.  From now on, anyone that keeps a large amount of money in any single bank account or retirement fund is being incredibly foolish. Let’s take a look at a few of the examples of how Cyprus-style wealth confiscation is now moving forward all over the globe.”

http://theeconomiccollapseblog.com/archives/cyprus-style-wealth-confiscation-is-now-happening-all-over-the-globe

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