Is it time to close your bank account?Submitted by freespeech468 on Tue, 03/26/2013 - 18:52
Lately there has been a lot of discussion in that the Nation of Cyprus had froze all bank accounts... within the Island of Cyprus. The Cyprus bank has over 400 branches. Nearly half of those branches in Russia and in mainland Europe. It is important to note these institutions outside of Cyprus are not closed.
Interestingly, the Richest depositors who are "suppose" to be taking a slice of the levy are right now withdrawing there cash from these institutions. Meanwhile the average folk living in Cyprus are not allowed to take out their cash from these banks.
SO, the banks are being kept closed in Cyprus so the Richest can take their cash out first outside of Cyprus while the citizens are being held in financial hostage. Not only that but there will be a cap on the maximum amount of cash the citizens of Cyprus will be allowed to take out per week!
We know these banking institutions are all intertwined and interconnected and that they all operate the same way.
My point is that I truly do not believe we have seen the end to this. As a matter of fact, I do not believe we have seen the beginning as a result of this either. It is without a doubt the citizens of Cyprus are going to be very upset in the following weeks ahead, fear will start to take hold and thus We may start to see more Bank Runs in the near future.
With this in mind I am considering on beating the crowd and closing my bank account ASAP. perhaps leave a little to pay bills, but in no way leave my cash in the current state we are in. Your money is not doing anything in there in the first place since you are not earning interest on your deposits.
Please do not listen to the MSM, as they are consistent on playing softball on this issue. This is not a light issue. Please consider closing your bank account in the near future. I would even suggest putting on your shoes and take a trip to your bank after you read this post. I would hate to see a patriot wait in line with the average american to withdrawal his/her's cash when this bank run arrives.
You must stand for free speech in the streets.~Mary Harris Jones