If all of this news about the Cyprus wealth confiscation has you confused, overwhelmed and concerned, allow me to make it clear for you in a way that you can understand.
From now on, I will be posting my direct phone number at the bottom of each of these reports so as to give you the opportunity to call me directly with your questions and concerns. If I don’t answer right away, it means I am serving another client. Please leave a message and I will return your call within an hour or so.
We are living in a much different time today than ever before in the history of mankind and I can only imagine that you need some guidance, advice and recommendations as to how you can protect your wealth, preserve purchasing power and create generational wealth in such an uncertain time like we live in today.
I’ve stressed before the importance of having multiple brokers who specialize in their particular field and today is one of those times. There is no reason to be ashamed because you don’t know it all. It’s times like these we need to humble ourselves and enlist the help from professionals to help guide us through this mess that we are all in, because we are certainly all in it together.
You don’t have to go at this alone, feel free to reach out and ask the questions on your mind and I promise to give you guidance in a non-pressure, professional easy to understand, plain and simple language.
May Health, Wealth and Success Be Yours!
They can’t undo this one!
Yesterday we heard that the amounts of “theft” from Cypriot depositors may be different than originally announced. It now appears that the Cypriot Parliament will not approve the wealth confiscation of their citizens. What a strange thought, can you imagine if this bank heist doesn’t go through? If they said “aw shucks, we were just kidding”? Can you imagine the bank runs? Would you suppose that some 90++% of deposits might be withdrawn by Friday’s close?
No, this puppy (bank run panic) is pregnant, not just “a little bit” mind you but ready to deliver pregnant.
One thing that I know for a fact that this will do is increase demand for Gold and Silver.
It will be very difficult to keep the lid on contagion and panic spreading from this incident. It will be difficult because when a fire breaks out within a theater, people don’t stop to go to the restroom, people will want OUT…ALL THE WAY OUT!
“Out” as in physical, non tungstened, real physical Gold IN their hands and out of the system which is now known to even the most blind, mentally deficient, head in the sand “ignorant” as a fraud!
I still find it hard to believe that any sane person would have proposed this in the first place because in essence it says “ready, set,…run the banks”. If the “deal” wasn’t set in stone which it obviously is/was not, why announce it? Is this just a trial balloon to see if it really will start a bank run?
Do they want to find out if there is rioting over this and think it is a contained experiment because Cyprus is only 1 million people? Is this intentional and a way to create total chaos where the solution is “save us”. What about “deposit insurance”? Does it even have any meaning now? The rule of law? etc. etc. So many questions and not any logical answers because this move has no logic behind it…or maybe it does and I am too stupid to see it yet.
One thing that I know for a fact that this will do is increase demand for Gold and Silver. Think about it, if you had money in the bank and saw the balances of your neighbor get raped (remember MF Global), would you hang around waiting for your turn? Where do you go with the balance? Another bank? With “super duper” deposit insurance? While pondering this problem you might think about just hiding your balance physically at “the bank of Serta” but then you have to wonder if the cash might not go the way of Confederate or Zimbabwe Dollars. This ill advised theft will surely add new and quite large demand toward the precious metals which are already in tight supply.
Will it happen fast? Slow? Who knows? I don’t, but this time around it will be very difficult to keep the lid on. It will be difficult because when a fire breaks out within a theater, people don’t stop to go to the restroom, people will want OUT…ALL THE WAY OUT! “Out” as in physical, non tungstened, real physical Gold IN their hands and out of the system which is now known to even the most blind, mentally deficient, head in the sand “ignorants” as a fraud!
Like I said in my earlier piece, “why, for such an insignificant amount of money would they do this?”. It makes no sense logically, maybe this can be chalked up to “desperate people do desperate things“?
Regards, Bill Holter, SD Submission
James Turk – Money Is No Longer Safe In Banks After Cyprus Theft – Turk believes this is a wake-up call to all bank depositors around the world. He also stated that physical gold and silver buyers have now become more aggressive and are in a position to overwhelm the manipulators and central banks because of the Cyprus theft. Here is what Turk had to say in this exclusive interview:
The Great Cyprus Bank Robbery Shows That No Bank Account, No Retirement Fund And No Stock Portfolio Is Safe. Up until now, most people assumed that private bank accounts were untouchable and that deposit insurance actually meant something. Now we see that there is no pile of money that is considered “off limits” by the global elite and deposit insurance means absolutely nothing. The number one thing that any financial system depends on is faith. If people do not have faith in the safety and stability of a financial system, it will not work. Well, the people that rule the world have just taken a sledgehammer to the trust that we all had in the global financial system.
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