The End of Everything Has Arrived

armstrongeconomics.com/armstrong_economics_blog/

A new EU Directive provides that compulsory levies in Cyprus will be charged over the weekend. At a meeting of EU finance ministers in Dublin, Commissioner Michel Barnier confirmed that the the people are responsible for the bank they deal with. Depositors will risk their money after the Bank’s shareholders and creditors of banks.

This announced expropriation will proceed by the Cyprus model on a global scale. Buy shares and take delivery. Deal with small regional banks that are not engaged in proprietary trading. They still are risky for they will have exposure to the trading banks. Do not even count on deposit insurance. They are will review and pay one time per person so spreading it around to many banks will not increase the insurance. They have no intention of paying that one either.

He's posted a warning about a potential attack on his website!

I'm hitting the bed! Good night everyone!