Triple Lutz Report--The Future Unfolds-Bank Deposit Robbery--Episode 247

Perhaps you're unaware of what took place over the weekend. Cyprus, an island in the Mediterranean went bust. Their banks required a life saving bailout from the European Central Bank. The help came with a steep price tag. In exchange for $13 billion in aid, account holders were required to forfeit up to 10 percent of their deposits. This is earth shattering. It is a major confidence destruction event. When it comes to fiat currency and fractional reserve banking, confidence is the mother's milk of the system. Now that it's drie