posted on Mar, 21 2013 @ 08:09 PM
Here's an interesting article from Tyler Durden over at
So far, Cyprus has not been able to pass such a direct tax against depositors and has gone to Russia for a helping hand. However, the question of
whether such an event could happen in the U.S. is a much more interesting point of discussion.
While I find it doubtful, but not totally improbable, that a direct deposit tax would be instituted by domestic banks - the issue of the Fed's
monetary policies, particularly since the last recession, has had a significant impact on "savers."
The destruction of principal since the turn of the century, which is far more disastrous than it appears when adjusted for inflation, has ended
the dream of retirement for many individuals.
The continued drive by the Fed's monetary policies to artificially suppress interest rates to create a negative interest rate environment for
savers is a defacto "tax" on savings
These are only snippets of the article, but after you read the entire piece you will realize that the very taxation we fear may make its way to the
American shores has been here with us all along.
Poor banking laws and practices are just the tip of the iceberg when compared to the monetary policies central banks use to strip your wealth right
from under your nose.
So, can the U.S. potentially have a direct tax on savings? It's already happened.
Call me stupid or call me an alarmist, but I believe Cyprus is just a warning of what is to come for nations across the globe. We knew we were screwed
long ago and we have been talking about it for years.
Now, it seems, we may live to see "it" come to pass.