Comment: Don't expect bank account seizures in the US.

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Don't expect bank account seizures in the US.

Cyprus had to resort to stealing money because, as part of the Eurozone, they couldn't print it. The US government does not have that problem. If they want more money, they'll print more. Problem solved/can kicked down the road.

Confiscating bank accounts would destroy the banks. The bankers would object. And the bankers own the politicians. Not. Going. To. Happen.

Recommended reading: The Most Dangerous Superstition, http://www.amazon.com/Most-Dangerous-Superstition-Larken-Ros...