First of all,
Cyprus means love, blossom!
http://www.blueletterbible.org/lang/lexicon/Lexicon.cfm?Strongs=G2954&t=KJV
There have been many comments about Cyprus outside the mainstream press. Cyprus may impact you and me on a personal basis. Why? The IMF has now shown that it will cross the line of the Rule of Law and confiscate your money to bail out the banking system. The banks took profits and paid its primary players huge bonuses on poor banking practices. When I was in banking, there was absolutely no way we would have considered the actions they took over and over again. The regulators would have put an immediate stop to any reckless practice of investment or lending. The banking schools taught conservative lending and investment practices, period!
Then came the greed. The 1980’s brought Wall Street greed into the light. Washington, D.C. obliged by relaxing long-held standards of conduct. The result? Confiscation attempts by the IMF, the EU, and politicians. Their commitment to depositor money being sacred and secure went out the window. The issue is not whether they succeed in getting Cyprus depositor money now but instead the issue is that they attempted!
I find it interesting this event happens on the island of Love just as we wrapped up our Bible study on Ascending to Love. What a coincidence. No one in their right mind would attempt to confiscate KGB money from Russians in power. Talk about blindness!
Cyprus May Become Europe’s Lehman, Billionaire Potanin Says according to a Bloomberg article: http://www.bloomberg.com/news/2013-03-21/cyprus-may-become-europe-s-lehman-billionaire-potanin-says.html
This “Black Swan” event will be looked back as the event to change the financial system. Cyprus is a member of the European Union. Do you think that the citizens of Spain, Italy, Greece, or Portugal are resting easy today? What would you do if your life savings was at risk of confiscation? Government numbers have been massaged to make things look better than they really are. Do you think the banks are as sound here in the U.S. as we have been led to believe? Do you think we are really in a recovery when shadowstats.com who uses the same raw government numbers tells us that we are in the second dip of the Great Recession? Would Ben Bernanke continue to shovel in $85 Billion per month of liquidity into the system if the system was in good shape? Do you think that interest rates would be kept at zero with true inflation exceeding 8%? Last night I was on a return flight from NY and sat next to a chemical distributor salesman. His prices are constantly increasing to his customers, just like the early 1980’s. As a note, he was unaware of Cyprus. How many Americans are being kept in the dark about this global-changing event?
Here is the reality:
Depositor money is at risk.
Retirement money is at risk, even if only forced to buy government bonds at low rates, the rates float upward, the value of the bonds decline. The same net effect of confiscation.
The current level of sovereign debt is unsustainable and something has to give.
The FDIC does not have enough reserve to handle a massive depositor withdrawal from the system.
The Chinese and the Russians continue to add to the gold reserves.
Calls of an audit of the U.S. gold reserves have fallen on deaf ears. Some credible experts say that the gold was leased out and is gone. Why not let an external audit settle the issue?
Trust in the current fiat currency system is heading south and may not be reversed.
I have been issuing warnings since October of 2007. Those of you with money should protect yourselves for you may be called upon to help others. Those of you without money should simplify your living standards, fast! All of us, no matter what financial condition we are in, should be seeking the Voice of Our Heavenly Father to guide us through the turmoil ahead. I trust that Our Heavenly Father will empower HIS remnant to guide mankind through any and all economic collapses in the future. It started with Love and it will end with Love.