In case you don't pay attention to these things, in Cyprus, a small island nation that Turkey and Greece have been fond of fighting over for centuries... Cyprus is bankrupt and for the last couple weeks, the Cypriot government has been debating simply stealing citizens' money from the banks to pay off government debts.
Apparently Cyprus banks are to Russians what the Cayman Island banks have been to Americans -- that is, foreigners, and particularly Russians, park their funds there. So Cyprus is bankrupt and now has plans to simply take 40% of the funds from accounts totaling over $135,000.00, and a smaller percentage from smaller accounts (I think. That might have changed.)
So the government just goes and sucks out all the money from the banks to pay its debts? Money from private accounts held by private citizens?
In 2008, Argentina went bankrupt and seized all the money people had in their private retirement accounts to pay its debts. And truthfully, the US government has raided Social Security. In effect, it's no longer a separate account held in trust for retirees. What is in the Social Security trust fund ia bunch of IOUs from the USA's "general fund.":
So, I guess this all answers the question: "Hey, you blockheads in government -- do you think it's YOUR money?"
And -- in case you haven't heard this one -- some silly twit academic in the USA is suggesting that the US government seize a percentage of the money US citizens have in their 401(K) retirement accounts. That's here. In the USA. Think about that for a minute..... Money you worked for. Money you saved. Money withheld from yor paychecks, maybe matched to some extent by your employer.
Gone to pay for studies of duck genitalia, shrimp on treadmills, and some silly crap about Chinese prostitutes. (The last probably the result of government types figuring the odds on their getting some incurable disease while on a federally-funded junket.)
To pay for some fat-ass government union member to sit in beach in Florida.like a dead, bloated a manatee washed up on the sand? I mean, Let's face it, if the Comrade has his way, no one but union workers are ever going to be able to retire. Because all the rest of us are bailing out those useless assholes so that they can donate their union dues to the democrat party.
All your work. All your planning. All your future... gone. Becasue the stupid shits in Washington don't have even have half a brain to divide up amongst them. And even less courage.
It's worth repeating again, and again, and again -- government doesn't produce one damn thing. They do not make any money. All the money the government has IT TAKES FROM US.
So go ahead, vote for a few more pie-in-the-sky socialsts. See how that works out for you.
"The trouble with socialism is that eventually you run out of other peoples' money." -- Margaret Thatcher, who had to do a big fix on that to get England to continue stumbling along economically, and only to fall right back into the same hole, so it seems.
The banks in Cyprus have been closed for two weeks. They're supposed to open tomorrow, and the government has limited withdrawl amounts to $3,900.00 per account. They "suspect" there may be a run on the banks. Duh.... Maybe they're finally getting something right.
That hole in your mattress starts looking better and better, doesn't it?
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