The centrality of property rights is why Cyprus is sending shock waves through the global financial system. Smaller than Greece, difficult for most Europeans (and for virtually any American) to locate on a map, this pretty little island (the home, I just discovered, of Mt. Olympus) was the scene of an attempted crime that, had it succeeded, would have produced bank runs in a dozen countries and pretty much vaporized the financial systems of Italy, Greece, and maybe Spain.
Read the complete article at SafeHaven here.
Please Note: This article is to inform your thinking, not lead it. Only you can decide the best place for your money, and any decision you make will put your money at risk. Information or data included here may have already been overtaken by events – and must be verified elsewhere – should you choose to act on it.