Web of Debt blog / By Ellen Brown 
Think Your Money is Safe? Think Again: The Confiscation Scheme Planned for US 
and UK Depositors 
Confiscating the customer deposits in Cyprus banks was not a one-off. It could 
happen here. 



March 28, 2013  | 



 
Confiscating the customer deposits in Cyprus banks, it seems, was 
not a one-off, desperate idea of a few Eurozone “troika” officials 
scrambling to salvage their balance sheets. A joint paper by the US 
Federal Deposit Insurance Corporation and the Bank of England dated 
December 10, 2012, shows that these plans have been long in the making; 
that they originated with the G20 Financial Stability Board in Basel, 
Switzerland (discussed earlier here); and that the result will be to deliver 
clear title to the banks of depositor funds.  


More at
http://www.alternet.org/economy/think-your-money-safe-think-again-confiscation-scheme-planned-us-and-uk-depositors?akid=10252.218754.CQHUwq&rd=1&src=newsletter816391&t=6&paging=off

[Non-text portions of this message have been removed]



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