Monday, March 18, 2013

THE ROLLS REPORT 03/18/2013

1. (Bank) Holiday In Cyprus -

Andy Sutton

EXCERPT:

Every once in a while we are given an opportunity to see our future. Myself and many others have been railing for years now about the concepts of economic slavery, debt, and wealth confiscation. And we’ve been called nuts, extremists and many other things I cannot repeat.

Yet here we are in 2013 with a crystal clear sampling of what is undoubtedly going to take place across the rest of the globe – and already has taken place here, but not in such clear terms. The government of Cyprus, much like the vast majority of governments globally, is broke. However, its people are not. There is a massive distinction here. The self-ascribed European Benevolent Society, aka the European Central Bank and IMF cabal, has arrived on the scene with a Cypriot solution – another bailout. Surprise surprise. But this time there is a catch. The ECB/IMF (as well as the rest of the EU nations!) are demanding a supposedly one-time ‘tax’ of 6.7% on the savings of every Cypriot bank account containing less than $131,000. And a 9.9% ‘tax’ on every account greater than that.

I use the term tax very loosely in this case. While the banking shysters may call this a tax, this is an outright confiscation. A penalty. I think we had SCOTUS <http://www.supremecourt.gov/> case not too long ago in which there was an argument over exactly what constitutes a tax. Ironically enough, the ECB and IMF have finally laid bare one of the mechanisms by which the remainder of the world’s wealth will be confiscated and consolidated over the next period of years. The Cypriots are going to pay (directly) for the bailout of their government and banks – pending a vote of Parliament, which is supposed to happen tomorrow.

Obviously there is a good deal of resistance on the part of lawmakers to ascend to such a scam. Probably because they know that the $12 billion and change bailout will be the first of many such measures and it is not wise for a political figure trapped on an island with a million people to act in a manner inherently contrary to their interests. The Australian newspaper ‘The Age’ portrayed the scene in Cyprus:

http://beforeitsnews.com/eu/2013/03/bank-holiday-in-cyprus-2512830.html