What did they do exactly? You mean this?
imposing a one-time bank deposit levy on all uninsured deposits there, and possibly around 48% of uninsured deposits in the Bank of Cyprus (the island's largest commercial bank). A minority proportion of it held by citizens of other countries (many of whom from Russia), who preferred Cypriot banks because of their higher interest on bank account deposits, relatively low corporate tax, and easier access to the rest of the European banking sector. This resulted in numerous insinuations by US and European media, which presented Cyprus as a 'tax haven' and suggested that the prospective bailout loans were meant for saving the accounts of Russian depositors.[4][5] No insured deposit of €100,000 or less would be affected
Even if US decides to take a haircut from all the money in banks, there would be a lower bound, like $250K or something. Right? Luckily I'm not rich enough to worry about that yet lol. And USD can just keep printing money to save its a*s, no?
About the cattle thing, most efficient way of exploiting cattle is by making them function as well as possible so they can pay tax as long and as much as possible. I don't know who has the power in the world but it is in their best interest to make the system continue functioning, so they can continue exploiting their cattle. No?
), we're still 56% overvalued...let that sink it for just a second...after all the helicopter bazooka and whatever you want to call it they have already thrown at it which apparently is not making a dent on stopping the freefall.... So basically, out of bloody ammo andfurther (much further) room to go down...suicidal anyone?
This, if it is not "it", it will get very close to being the "it" moment....Damn it, watch Wall Street 2, Gordon Gekko told you (as well as he did in the 1st part) what was going to happen (there will be a turning point, like the Tulipmania, he says). I can't help but admire how Joollywood tells those who want to listen, and well in advance, what is going to happen...first with the 'greed' mentality, then with the 'tulipmania' fall....unbelievable
... I can't talk someone out of his opinion when his lunch money depends on it, and this must be one of those cases. I'm sure that the 14 years that took after the 1929 crash to jsut get to BREAK EVEN mean nothing to you (and valuations on real estate and other assets were MUCH LOWER than it is today!). I'll take another wild guess...in a former life of yours, back in 1929, you were a young yuppy stockbroker, who, after the first shock in October of that year, suggested to all your clients that panic was over and it was a great buying opportunity...but alas, they had all been wiped out and gave you the 'mop-treatment'.
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. You will see I know exactly what I am talking about if you read my posts.
. Facts and time stamps on when I said things and made predictions on this forum don't lie. Btw I don't guess these things. There is analysis done...lol. You can start a new forum group on here if you want to get technical on markets with me.
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