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On March 16th, an economic “shot heard ‘round the world” was fired; when for the first time in modern history, a “bail-in” was negotiated to save collapsing Cypriot banks…

Cyprus’ Bank Deposit Bail-in – March 16, 2013

Given the utter FAILURE of “bail-outs” and government supported FRAUDULENT accounting to improve the global economy – and the stigma attached to vile “too big to fail” banks; there was no political will for an alternative solution.  This is why Dutch Finance Minister Jeroen Dijsselbloem – one of the deal’s architects – stated it would be the “template” for future European bank failures.  In other words, banks crossed the line from depositor custodian to creditor

Jeroen Dijsselbloem Says Cyprus is a ‘Template’ For EU Bailouts – March 25, 2013

Unfortunately, this act of LUNACY backfired; as Cypriot bank withdrawals continue in earnest…

Cyprus Bank Deposits Plunge By Most Ever During “Capital Controls” Month

…while worldwide, depositors fear they may be NEXT…

Who’s Next After Cyprus…Eventually, the U.S.

In an attempt to calm frayed European nerves, Dijsselbloem was obviously ordered to deny his comments…

Dijsselbloem denies saying Cyprus a template for restructurings – March 25, 2013

…but sure enough – last week – the European Union agreed on a “bail-in” structure for future bank failures…

EU makes bank creditors bear losses as Cyprus bail-in becomes blue-print for rescues – July 28, 2013

I realize the brainwashed, dumbed down sheeple don’t react to ANYTHING anymore; as for the time being, TPTB have whitewashed reality with MONEY PRINTING, MARKET MANIPULATION, and PROPAGANDA.  However, they can’t cover up the fact this deal is DONE; and thus, “bail-ins” are headed to European shores like an out-of-control tsunami

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Care of the GLOBAL FIAT CURRENCY PONZI SCHEME, essentially all banks currently pay ZERO interest.  Moreover, we learned in 2008 they can FAIL; and now, they can STEAL your money at will.  How ANYONE keeps money in the banking system is beyond me; but I think this a “ALL TIME LOW FOR GLOBAL COMPLACENCY” is nearing its “bottom” – in a big way…

Why Would You Keep Large Deposits In Western Banks? – Jim Sinclair