Governments To Steal Your Bank Account?

When asked “What happened in Cyprus? Is that going to happen in other countries?”, Mike Maloney simply answered “Absolutely.”

Rick Rule expanded “The idea that we have, that we are absolved of responsibility for our own financial future – in other words: if we’re stupid enough to put money in a bank, that has too poor of an equity slice, the bank goes upside down….we’re unsecured creditors of a moron, which makes us a double moron. We ought to be punished for that stupidity.” – Rick Rule