In order to fund a bailout of Cyprus, European leaders have proposed the institution of a tax on bank deposits for residents of the small island nation. A vote is expected on the plan on later this week. Cypriots rushed to pull their money out of banks and ATMs before the tiny Mediterranean nation’s government could finalize a plan to seize depositors’ funds to satisfy austerity demands from euro zone leaders, sparking a run that prompted banks to be closed until at least Thursday.
The island nation’s leaders were huddling to come up with a way to soften the blow on average depositors, with one proposal targeting accounts with deposits above $130,000.
So, could the same thing happen in America? Judge Napolitano says yes. “The people who have more than $100,000 in the bank are targets for any government that’s looking for money to shore up its own inability to manage its finances.”
Jake Tapper on Cyprus-like Confiscation of savings in America
Who’s next after Cyprus…Eventually the U.S.?
EU demanding percentage of Cyprus bank savings accounts because wealthy Russians hide money there?
Read more: businessinsider.com
Exclusive: David Rives notes difference between 'kind' and 'species'
Exclusive: Richard Rives warns us about redefining faith delivered to the saints
Exclusive: Sid Roth interviews pastor Steve Hannett
Exclusive: David Rives notes Darwin was right – partially
Exclusive: Richard Rives reminds us we are to be 'doers' of the Word, not just 'hearers'
Exclusive: Richard Rives highlights multiple attempts to lead us away from our Creator
Exclusive: Sid Roth interviews pastor Cleddie Keith
Joel Richardson, in video made just after failed coup, discusses leader of a revived kingdom
Exclusive: Richard Rives urges us not to 'swallow a camel' while 'straining at gnats'
Exclusive: Sid Roth interviews prophetic revivalist Jerame Nelson
Exclusive: David Rives notes how biological stasis occurs despite vastly changing environment
Exclusive: Richard Rives notes how Roman 'diversity' resulted in inclusion of pagan principles
Exclusive: Sid Roth interviews apostolic minister Ryan LeStrange
Exclusive: David Rives illustrates blood-clotting 'cascade' as evidence for Creator's hand
Exclusive: Richard Rives points out we can keep God's laws because we are saved
Exclusive: Sid Roth interviews minister Karen Dunham
Exclusive: Sid Roth interviews seer, author Ana Werner
Joel Richardson, Samuel Whitefield highlight gathering of Jewish, Arab believers
Exclusive: David Rives notes long periods of time not needed for preservation to happen
Exclusive: Richard Rives notes current observation far from the faith described in the Bible
Exclusive: Sid Roth discusses new developments in Tel Aviv
Exclusive: Richard Rives observes many pseudo-intellectuals believe lies of theologians
Exclusive: Sid Roth interviews Dennis and Dr. Jen Clark
Exclusive: David Rives notes data preclude more than a few thousand years of human existence
Exclusive: Richard Rives speculates Jesus was born in fall, not during mid-winter pagan festival
Exclusive: Sid Roth interviews apostolic pastor Guillermo Maldonado
Joel Richardson, Reggie Kelly with details on Middle East's hottest hot spot
Exclusive: David Rives suggests element's presence in 'ancient' rocks is misunderstood
Exclusive: Richard Rives reminds us of pagan origins of Christmas
Exclusive: Sid Roth interviews author, speaker Kevin Zadai