Russian Leader Warns, “Get All Money Out Of Western Banks Now!”

A Ministry of Foreign Affairs (MFA) “urgent bulletin” being sent to Embassies around the world today is advising both Russian citizens and companies to begin divesting their assets from Western banking and financial institutions “immediately” as Kremlin fears grow that both the European Union and United States are preparing for the largest theft of private wealth in modern history.

According to this “urgent bulletin,” this warning is being made at the behest of Prime Minister Medvedev who earlier today warned against the Western banking systems actions against EU Member Cyprus by stating:

“All possible mistakes that could be made have been made by them, the measure that was proposed is of a confiscation nature, and unprecedented in its character. I can’t compare it with anything but … decisions made by Soviet authorities … when they didn’t think much about the savings of their population. But we are living in the 21st century, under market economic conditions. Everybody has been insisting that ownership rights should be respected.”

Russian Leader Warns, "Get all money out of Western Banks Now!"

Russian warning

Cyprus considers levy on bank deposits of more than € 100.000

While I don't know if this is true as I don't know this website as well as that I can't believe that we are already this far that countries actually consider this, can you imagine when something like this happens? It seems Cyprus is now discussing taking 25% levy of all bank deposits with more than € 100.000, the Russians will be hit hard.

reply to post by citizenoftheworld

They will wait for many years before they see what percentage they will get back from their savings -- 30 percent, 40 percent, 50 percent, 60 percent, it will be seen,... -Averof Neofytou, deputy president of Anastasiades’s ruling Disy party

Here is talk of up to a 70% levy!

www.bloomberg.com...

Sorcha Faal strikes again.

Russian Leader Warns, “Get All Money Out Of Western Banks Now!”
By: Sorcha Faal, and as reported to her Western Subscribers

www.whatdoesitmean.com...

Your money is better off in a coffee can buried in the back yard at this point.

All of this talk of deposit 'haircuts' is certainly not making me feel any confidence in the economy and with everyone saying that it is no longer a question of if, but, of when the system crashes.. these kind of statements only serve the further lessen that confidence.

Economic recovery my ass.

EDIT: Sorcha fail? *shakes head*

as pointed out by Leathernlace, the source of this "story" is sorchafaal, a known hoaxer and, therefore, I've moved the thread to the appropriate forum.