Banking disaster

You may not have heard this as main stream media has tried to bury the story, but after markets closed last Friday the European Central Bank, the European Commission and the International Monetary Fund (all elitist scum) tried to impose overt thievery against the people of Cyprus. To assist with a bailout these three low-life organizations voted for a deal that would see the theft of 9.9% of deposits from people with accounts over 100,000 euros, and the theft of 6.7% from depositors with less than 100,000 euros. So if you had 100,000 euros in your bank account one day, the next day you would have 90,100 when you woke up. Of course this would be accompanied by a kiss and a thank you from the three previously mentioned organizations. Fortunately, this proposal did not pass a government vote.

So I guess all is well that ends well? Not on your life! The elitist dirt bags in Europe showed their cards in this move. The thievery of Europe’s wealth, sovereign assets and ultimately their sovereignty is no longer covert: it is now blatantly overt.

But who cares? First off this is just Cyprus, a country of only 800,000 citizens. Also, the attempt failed and it’s all over with and could not possibly affect us here. Wrong on all accounts! This was simply a litmus test on a very small country by the global elites. They won’t give up on Cyprus. Mark my words, they will come back and try again with some differently wrapped Trojan horse. This has already caused a run on the banks in Cyprus. More importantly this is a preview of things to come in Portugal, Ireland, Italy, Greece and Spain. Once we see runs on the banks in these countries, it is all over. You will see line ups at the local banks here in Kelowna. The global financial system is one big interconnected entity. There are no countries or borders any more.

Do you think I’m wrong? Well, Canada has been credited with having the strongest and most conservative banking system in the world. Despite this we saw stocks fall here during the financial crises in 2008. We experienced property values drop drastically. And some long standing businesses are no more in this country. And this was all do to with events outside of this country. No country will be immune to the imminent banking failure.

This might be the last warning the economy gives you before it is too late. Pay down debt now! Get out of the stock and bond market (except for some quality mining and agricultural shares). Own physical gold and silver. And good luck.

This article is written by or on behalf of an outsourced columnist and does not necessarily reflect the views of Castanet.