Wow. EU steals 10% of bank deposits in exchange for bailout

I don't that day is far off! But it will come in the shape of inflation.

 

There is a big difference between a 10% overnight seizure, and a "slow drip" from inflation.

I can profit from the latter more easily than the former.

 

+1. as a saver-i feel it every day.it's a slow bleed,but it's there.

 

phewww..it's been done before without much of consequences..

http://en.wikipedia.org/wiki/Executive_Order_6102

 

That's fucked. Stealing private wealth and giving it to corrupt BANKERS. That's the end game. They start doing that en masse, and it'll be the French Revolution all over again.

 

It's worse than an income tax. You're talking about 10% off someone's life savings not 10% off annual income.

 

Sounds like a "wealth" tax.

 

are you serious?

 

I doubt it because metals can be confiscated or taxed heavily on sales they can do they same thing. You can buy a few coins here and there but once you sell enough same problem.

 

Not so sure, we put up with a bakers dozen of new indignities every day, with little or no meaningful response.