Cyprus Banking Confiscation is Spreading

Cyprus-Style Wealth Confiscation Is Now Starting To Happen All Over The Globe

Michael Snyder
Economic Collapse
September 25, 2013

Now that “bail-ins” have become accepted practice all over the planet, no bank account and no pension fund will ever be 100% safe again.  In fact, Cyprus-style wealth confiscation is already starting to happen all around the world.  As you will read about below, private pension funds were just raided by the government in Poland, and a “bail-in” is being organized for one of the largest banks in Italy.  Unfortunately, this is just the beginning.  The precedent that was set in Cyprus is being used as a template for establishing bail-in procedures in New Zealand, Canada and all over Europe.  It is only a matter of time before we see this exact same type of thing happen in the United States as well.  From now on, anyone that keeps a large amount of money in any single bank account or retirement fund is being incredibly foolish.

Let’s take a look at a few of the examples of how Cyprus-style wealth confiscation is now moving forward all over the globe…

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Poland confiscates half of citizens’ pensions

Attempt to delay European nation’s looming debt crisis

(WND) NEW YORK – Quietly, as the looming possibility of a U.S. military attack on Syria dominated news internationally, the government of Poland announced a decision to confiscate half of the nation’s pension funds in an attempt to delay an impending government debt crisis.

While details remain hazy, Reuters reported Sept. 4 that Polish Prime Minister Donald Tusk announced a government decision to transfer to ZUS, the government pension system, all bond investments in privately owned pension funds within the state-guaranteed system.

 For now, private pensions in Poland will be allowed to keep equity investments that in the Polish state-guaranteed pension system tend to be approximately half of all private pension investments.

Dispute over kosher slaughter in Poland prompts surge in anti-Semitism

Despite years of government-led projects celebrating Jewish tradition, shechitah controversy underlines the country is no paradise for its 40,000 Jews

Polish animal rights demonstrators hold a rally in Warsaw opposing ritual slaughter, or shechitah, July 11, 2013. (photo credit: Empatia PL Facebook/JTA)

Polish animal rights demonstrators hold a rally in Warsaw opposing ritual slaughter, or shechitah, July 11, 2013. (photo credit: Empatia PL Facebook/JTA)

SOURCE

JTA — In their Krakow home, Anna Makowka Kwapisiewicz and her husband, Piotr, skim through an online article about Poland’s recent ban on kosher slaughter.
What they find even more disturbing than the actual news are the comments posted by other readers.

Hundreds of comments calling on Jews to leave Poland have appeared beneath news articles in the days since the country’s parliament defeated a bill that would have reversed a ban on kosher slaughter, or shechitah, first imposed in January.

“The ban is bad enough because it’s the result of disinformation, but it opened the door to anti-Semitism that’s very evident in these comments,” said Piotr, who with his wife is a founding member of Czulent, an association of young Krakow Jews.

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