Entitlement Culture, Government Fraud, Out of Control Spending, Tax Reform, The Fed

And The Wealth Tax Cometh – #CyprusDebacle

The latest shoe to drop in the EuroZone is the demand by the EU, ECB and the IMF that depositors on the island country of Cyprus pay for the systemic failure of the central bankers by leavying a ‘one-time wealth tax’ on bank accounts.

This amounts to outright theft and further erodes consumer confidence in all centrally-planned banking environments.

Our friends at ZeroHedge.com broke this a few days ago and they continue to cover it in depth.

Things are changing rapidly as the public becomes aware and outraged at the continued desparate attempts to sustain the giant ponzi scheme.

Here is a great summation of what has happened and what we should learn from it: Fool Me Once, Shame On You. Fool Me Twice…

 

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