“Look, we are in a world where every major industrialized government doesn’t have the funds to deliver on the promises they’ve made to the public. So they are going to reach for the public’s cash in different ways….Some of it is through higher taxes. Some of it is what I would call ‘expropriation,’ although taxation and even inflation are a version of that. I think what we saw in Cyprus, a really overt expropriation, we are going to see that come in lots of different forms (going forward). Some of it will be obvious like Cyprus. Some of it will be subtle like Portugal, but what’s sure is that it’s happening.”
Related posts:
What Happened When One Man Pinged the Whole Internet
Why is California Jailing Landscapers? Don't Cops Have Better Things to Do?!
Top Silk Road Drug Dealer Was Flipped By Feds
90+ Arrests of DC Cops Past 4 Years
US Photo Enforcement Market Becoming Less Profitable
Florida Police use Driver License Faceprints to Investigate Public At Large
Historical Opportunity for 21st Century Economics
Berkeley, CA declares 'climate emergency', calls for 'humane' population control
Daddy Bloomberg Wants to Require Retailers to Hide Tobacco
Stand With Whistleblowers
Barron's Big Money Poll - As Complacent As Ever
Fed: "Growing concern that college graduates are increasingly underemployed"
Marc Faber Buying Gold, But Won't Keep It In America
FEMA Grounds Private Drones Helping To Map Floods, Threatens Arrests
ObamaCare Will Weigh You Every Time You Visit the Doctor