Showing posts with label Cyprus. Show all posts
Showing posts with label Cyprus. Show all posts

Two BIG Reasons NOT To Keep Your Cash In The Bank

by Mark Nestmann.     Don't lose your life savings. It’s bad enough depositing your money into a bank account and earning essentially zero interest on it, or in some countries, having a negative interest rate. It’s even worse knowing that once you deposit your money in a bank, it’s not really yours anymore. You have turned over your property to    ... MORE

Thomas Sowell - Can It Happen Here?

Legalized theft in America is more subtle.     The decision of the government in Cyprus to simply take money out of people's bank accounts there sent shock waves around the world. People far removed from that small island nation had to wonder: "Can this happen here?" The economic repercussions of having people feel that their money is not safe   ... MORE