Cyprus; Now 80% Confiscation

[JohnyMac]

I am sure you all have heard that the final Cyprus theft was 80% of all accounts with over ?100,000-.
 

It was bad enough that the political class even promoted the idea of STEALING depositors? savings. But now we?re finding out that they lied time and again about how much they?d take.

Initially the plan in Cyprus was the following:

    Simply TAKING 6.75% of ALL savings accounts up to the official insurance limit of ?100,000
    A 9.9% levy (THEFT) on all deposits above the official insurance limit of ?100,000.

The idea was put to a vote by the Cyprus Government, which rejected it. However, the facts remain that this idea WAS suggested. In fact, the original proposal from Germany and IMF was even more dramatic:

Cyprus state broadcaster CyBC reported on Saturday that German Finance Minister actually entered the Eurogroup meeting on Friday proposing a 40 percent haircut on Cypriot bank accounts. Sarris stated on Saturday that this had also been the proposal of the International Monetary Fund...

http://www.zerohedge.com/contributed/2013-03-28/10-40-now-80-confiscation-scheme

Now with the DOJ putting the squeeze on Swiss Banks, can we expect to see something like this here?

It was only yesterday that we wrote about comparable problems to those which Russian depositors may (or may not be?) suffering in Cyprus right, this time impacting wealthy Americans and their Swiss bank accounts, where as a result of unprecedented DOJ pressure the local banks will soon breach all client confidentiality and expose all US citizens who still have cash in the former tax haven under the assumption that they are all tax evaders and violators. And in the continuum of creeping wealth taxes which first started in Switzerland, then Cyprus, and soon who knows where else, there was just one question: "The question then is: how many of the oligarchs, Russian or otherwise, who avoided a complete wipe out and total capital controls in Cyprus, will wait to find out if the same fate will befall them in Switzerland? Or Luxembourg? Or Lichtenstein? Or Singapore?" Today we got the answer, and yes it was one of the abovementioned usual suspects. The winner is.... Lichtenstein.

Yes: the little principality that is an even greater tax (evasion) haven for the world's ultra wealthy, even more so than Zurich, Geneva or Zug, is now under Big Brother's microscope.

But fear not. All the other tax havens listed above are quite certainly about to meet the iron, resolute fist of the US Department of Injustice. After all, unlike TBTF banks, depositors are hardly "systemic", and thus Eric Holder and his henchmen will have zero reservations when pursuing the full extent of the (selectively crony) US laws against them...

http://www.zerohedge.com/news/2013-03-25/wealth-tax-contagion-rapidly-spreading-switzerland-cyprus-and-now

There is some weird stuff happening right now like:

> North Korea - Rattling sabers and the US flying two B-2 bombers from Missouri (13,000 round trip miles) to
   buzz NK
> ECB & Cyprus - The theft of Cyprus citizens bank accounts
> Gun Control - The renewed beating of the Gun Control drum by Barry. Why?
> The Fed - Printing $85B monthly
> Dow Jones Avg. - 14,585 yesterdays high...There is nothing that supports the stock market being at this
    height
> DHS - Why are they arming themselves to the teeth
> Etcetera   

So looking at your collective crystal balls, what is going to happen? When?

[CrystalHunter1989]

To quote Dennis Hopper: "Bad things man, I mean BAD things. Things that, well, I just can't really talk about..."

[Outonowhere]

To quote Dennis Hopper: "Bad things man, I mean BAD things. Things that, well, I just can't really talk about..."

Seconded

[1000meterstare]

There's a storm coming.  I hope mankind can weather it...