“The tiny island of Cyprus became the center of the financial universe over the weekend, after its leaders, facing financial collapse and pressure from EU authorities, announced a plan that would let the government withdraw money directly from citizens’ savings accounts in order to fund a massive bailout. That’s the sound of Pandora’s Box being opened. European officials are now proposing directly picking the pockets of their citizens by going straight for their banking deposits, a move that Reuters says has ‘potentially severe consequences for the rest of the troubled euro zone.’ Incidentally, it’s also turning furious (and fearful) Europeans to Bitcoin.”
Related posts:
$9 Billion in Government Checks Result in Some Parents Keeping Their Children Dumb
Now’s a Terrible Time to Own This Popular Investment
5 Ways Your Brain Tricks You Into Making Horrible Investment Decisions
11 Hotels and hostels that accept Bitcoin
Feds Caught Illegally Prosecuting Medical Marijuana Patients
Petition Proposes Gun Free Zone for School President’s Daughters Attend
Privacy group to file Supreme Court petition against NSA surveillance program
A Brothel for Billionaires
The Enemy of the NSA is My Friend
ECB Warning: More Directed History
France and Germany eat their words on US trade talks
How A Rookie Excel Error Led JPMorgan To Misreport Its Risk For Years
Alexis Breaks Down The $13 Billion Chase Settlement
Protect Yourself: The Police Tape App
Data Broker Giants Hacked by ID Theft Service