Wednesday, March 20, 2013

IN the NEWS - Deposit Haircut?

Run on the banks of Cyprus before they were
closed by the govenment
Cyprus has been in the news because of the attempt by the Eurozone to skim the bank accounts of the people of Cyprus to help finance a bailout of the nation. It was refered to as a " Deposit Haircut". Last night the parliament of Cyprus voted NO, mostly due to the massive protests that sprung up. Now the govenment turns to Russia for help. Banks in Cyprus have been closed due to a run on the banks..... 

One can see, that if this all comes tumbling down in the near future, (whether starting with Cyprus, Greece, Ireland, Spain, Italy, Portugal or elsewhere) how the powers that be can step in and take control of your bank account. Imagine if this ever spread worldwide? A Global Deposit Haircut one day in the future???


 Just a little taste of the future when----
And that no man might buy or sell,
save he that had the mark,
or the name of the beast, or the number of his name.
Revelation 13:17