Coming To Your Bank Account Soon - THEY Take 10% by 'Law'......

[Jan Klimkowski]

I have real concerns that Plan A of the Cyprus "rescue" actually will become the template. Plan A aimed at raiding all depositors, on a sliding scale - both the insured and uninsured depositors.

The reason for this is that if European and other western banks need bailing, they will need a very large sum of money to achieve it, and this means everyone will be required to make a "donation", not just the wealthy. Besides this, those with well over E100k deposited won't be hanging around long enough to get caught again. Money has already, and is already, moving to far east safe havens.

I think it possible that Plan A was pulled in Cyprus only because it wasn't ready to go across the board. It, therefore, had to be replaced with Plan B to seed a false sense of security and to limit outward money flows. When the time is right to impose an across the board remedy, it'll happen.

I understand that the coordinating body for this is the Bank for International Settlements.

I concur.

I'd simply add that I think the insured/uninsured distinction will be irrelevant when the grab happens.

Under Plan A in Cyprus the insurance for deposits under 100,000 Euros was not removed. It was simply circumvented by the imposition of a TAX on all deposits.

So, the rheteric was: the insurance is intact, but everyone is charged x percent tax.

Since the leverage is so massive, the imposition of a 10 percent tax could wipe out all the actual money in a bank....

:panic::panic: