When the Government Raids Your Bank Account

This from the Drudge Report this morning, “…European [that is, EU, European Union] finance chiefs ordered an unprecedented raid on personal bank accounts” in Cyprus.

People in Cyprus this weekend stampeded to the ATM machines to withdraw all their money before the state could grab it. The purpose of the “emergency” 10 percent tax (that’s what they’re calling it) is to pay off an EU bailout of the island republic.

“Oh, no, no… that will never happen here!” Meanwhile, Jesse Jackson keeps saying the federal government ought to confiscate people’s pensions and retirement accounts. He’s been saying it for years.

Of course EU “finance chiefs” and other EU nabobs are elected by no one and accountable to no one. The ruling class in the various European nations simply appoints these people.

Imagine it. Hey, that money you have in the bank to pay your rent and buy your groceries–they just grabbed 10 percent of it! What? Now you can’t pay your bills, because you were just getting by and now you’re stuck?

Tell it to the finance chiefs.

Yes, for the time being, our country’s laws, and our electoral process, protect us from this sort of thing. For now.

Did I really say “our electoral process”? I must be slipping, big-time.


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