One reason places like Hong Kong have privates companies issue the currency is because to allow the government to get involved in currency and banking to to condemn the citizens to doom. Now, those who intend to bring doom to citizens insist upon government participation, to effect the citizens; doom, for the citizens doom is their benefit. Eventually, the bankers who are protected by the state simple steal the depositors wealth. They keep the profits, you take the losses.
Now, some countries are steeped in freedom, so compromises must be struck. For example, the legal fiction is the Federal REserve board is a private corporation, and that is why the regional Feds all end in .org. But the head office ends in .gov.
If you are "investing" your money for retirement of some such, shouldn't you be investing it in a business? You were not made to take a 30 year vacation. Better to take those monies and invest in the means of production. The winds that are blowing have hit Cypress first. The storm will get here. The 40% tax hit for cashing in all of you retirement investments. Someday that 40% hit will look small.
Feel free to forward this by email to three of your friends.
Losses at Bank of Cyprus were initially estimated at 37.5 percent. Another 22.5 percent of the deposits remained tied up while experts calculated how much money the bank would need to remain solvent. Government spokesman Victoras Papadopoulos announced the figure Monday.
Depositors hit with losses will get shares in the bank.
Now, some countries are steeped in freedom, so compromises must be struck. For example, the legal fiction is the Federal REserve board is a private corporation, and that is why the regional Feds all end in .org. But the head office ends in .gov.
If you are "investing" your money for retirement of some such, shouldn't you be investing it in a business? You were not made to take a 30 year vacation. Better to take those monies and invest in the means of production. The winds that are blowing have hit Cypress first. The storm will get here. The 40% tax hit for cashing in all of you retirement investments. Someday that 40% hit will look small.
Feel free to forward this by email to three of your friends.
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