Sunday, January 26, 2014

Cypris all over again?

I just saw an article that says HSBC, the international banking conglomerate is limiting the amount depositors can take out without providing the bank with a good, verifiable reason, preferably in writing.  So far this is just happening in England, but since HSBC is international it wouldn't surprise me if this policy was in place soon in ALL the branches across the planet.  Correct me if I'm wrong, but didn't all the financial heads from every country say that a Cypris type crisis wouldn't/couldn't happen in a modern industrialized country like England?  Or America? 

To refresh your memories, Cypris had a government debt crisis that was beyond their ability to control.  Sound familiar?  The EU told them they would float a loan for them, if they put up a certain amount of money on their own.  And the only way a poor country like Cypris could do that was to first limit the amount of money depositors could take out from their accounts, supposedly to prevent the depositors from removing the bulk of their savings and place it somewhere safe, and then Cypris froze said accounts and took 10% of the money from the accounts to use to get that EU loan.  The people had no say in the whole matter.  And since they had been disarmed long ago they couldn't force the government to give the money back.  They did riot, but the riots were easily put down by the military and local police, who were completely armed.  Thousands of civilians were arrested and hundreds were killed or wounded.  Another example that cops and soldiers will fire on their fellow countrymen to keep their paychecks coming.  A lesson Americans should take to heart.

There are two lessons to be learned from the HSBC action.  First is that the economic crisis isn't going to get better and we must protect our assets now or lose them later.  Don't believe the assertions by the people in charge that it could never happen here.  Don't wait for maobama to issue an E.O. freezing your accounts and then stealing your hard earned and long saved money.  Put the money in something that the government can't steal with a single keystroke on a computer.  Get your years supply of food, your medical supplies, increase your amount of gold/silver coins and put more effort into improving/upgrading your armory.  And get the proper training to use all of the above.  Second, and even more important, never let yourself be disarmed.  As you can see, the unarmed people in Cypris and now England are without the means to defend themselves from thieves, murderers or their own government.  But I'm repeating myself there.  Any attempt by any government, at any level, to prevent you from owning firearms should be the next "shot heard round the world".  A weaponless citizenry are really only serfs at best and slaves in reality, while an armed people are truly free.  Keep your guns and keep your freedom.

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