The ‘Cyprus’ that you and I have to worry about is the ‘Cyprus’ called the United States. If you look at the liabilities we have as a people, and the federal deficit, social security, medicare, etc, these are the types of promises that were made to depositors in Cyprus.
What I am saying is our promises are equally likely to be stressed on a going forward basis. That’s the real reason for Cyprus, and everybody needs to take it into account.”
Read the complete article at King World News here.
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