Home / Articles & Videos / The Real Story: Cyprus Debt Crisis

The Real Story: Cyprus Debt Crisis

1. The banking/debt crisis in Cyprus shares many characteristics with other banking/debt crises.

2. The official Eurozone resolution of the crisis–the “bail-in” confiscation of 60% of bank depositors’ cash in an involuntary exchange for shares in the bank (which are unlikely to have any future value)–may provide a template for future official resolutions of other banking/debt crises.

In other words, since the banking/debt crisis in Cyprus is hardly unique, we can anticipate the resolution (confiscation of deposits) may be applied elsewhere.

Read the complete article at OfTwoMinds here.

# Here you can see WHY it’s crucial to own physical gold & silver now, and HOW you can buy [and sell] it.

See also:

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.

Translate »