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Cyprus bailout = money shift to tangible assets (gold, silver, etc...)
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<p>[QUOTE="medoraman, post: 1666783, member: 26302"]Thanks for the insight. My first thought when reading about this was why would the money "taxed" not be changed into bank ownership positions. It sounds like that is what they did. Doesn't make it "right", but I feel better about it that they just didn't take the money, but rather was a forced cash investment into their banking system.</p><p><br /></p><p>Would I be happy if this were done to me? Oh heck no, but I would be a lot less happy if they just took the money, than if it were basically a forced investment.</p><p><br /></p><p>Actually in this structure such a thing seems more likely in the US. Think about it. If they can force a farmer in the middle of North Dakota to have to buy health insurance whether he likes it or not, why can't they force bank depositors to be shareholders whether they like it or not. We are not so different than this story at this point in our history. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie3" alt=":(" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 1666783, member: 26302"]Thanks for the insight. My first thought when reading about this was why would the money "taxed" not be changed into bank ownership positions. It sounds like that is what they did. Doesn't make it "right", but I feel better about it that they just didn't take the money, but rather was a forced cash investment into their banking system. Would I be happy if this were done to me? Oh heck no, but I would be a lot less happy if they just took the money, than if it were basically a forced investment. Actually in this structure such a thing seems more likely in the US. Think about it. If they can force a farmer in the middle of North Dakota to have to buy health insurance whether he likes it or not, why can't they force bank depositors to be shareholders whether they like it or not. We are not so different than this story at this point in our history. :([/QUOTE]
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