Cyprus wanted to seize citizen's assets but changed its mind after a public uproar. But don't think Cyprus is out of the woods yet. The Brits and Russians has mega bucks deposited in Cyprus. When the news came down that Cyprus was going to take 10% of all accounts in their banks to prop up their banking system, people in Europe and Russia panicked and starting scrambling to withdraw funds quickly. Think it couldn't happen in America? Think again. With a dictator in the White House who loves the stroke of his Executive Order pen, anything can happen. First it's firearms, then bank accounts.
READ IT HERE, VERY QUICK, EASY EXPLANATION OF THE PROBLEM
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