Yes, this could happen here
POSTED: Tuesday, March 26, 2013 - 12:44pm
UPDATED: Friday, March 29, 2013 - 10:25am
Tyler, TX (KETK) — How about it?
Last week we told you about the bank run in Cyprus. They were going to take 30 percent of your money if you were in a bank there to keep the Euro afloat. Then, at the last minute, they didn't do it.
Critics said all this talk was just a lot ado about nothing. Then, this week, they did it. Except they didn't take 30 percent. They took 40.
Spain is doing the same thing.
We were told years ago the Euro is the way to go. Europe did what this administration in the U.S. is trying to do now. Tax and spend, mainly spend, its way into prosperity.
This is the result.
If you have more than 100,000 Euros in the bank, the equivalent to $129,000, you'll lose 40 percent.
I guess these folks are seen as rich. Many are not. They are business people, small business people. People who save money and capital to pay taxes and expand.
Doesn't matter. You're rich. Pay up.
Our media seems to be asleep about this. Knock me over with a feather.
Can you imagine if George Bush was president? Every large newspaper and network in the country would have a big story. "Could this happen here?"
Instead, they're showing John Kerry with a soccer ball on his head.
That's my point of view, what's yours?