In bankruptcy court, the deposits in your accounts are known as General Unsecured Claims.
Depositors are known as Unsecured Creditors.
Cyprus and all other European banks face a manufactured solvency problem.
Not a liquidity problem!
When will a reckoning happen?
This is a political decision, so as with Cyprus, nobody knows…
Cyprus was notice of intent and that there will be no more injections of liquidity. Cyprus is the template for the globalists’ extraction of wealth, the world over.
Eric King with Egon von Greyerz
March 28, 2013
Today Egon von Greyerz warned King World News that the chaos we are seeing right now is unprecedented in world history. Greyerz, who is founder of Matterhorn Asset Management out of Switzerland, also cautioned “The confluence of these cycles will cause unimaginable turmoil in the future.” Below is what Greyerz had to say in this remarkable interview:
Please click the link to see the complete article.
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