Oh I know. I was reading that Obama plans to go after our Gold and Silver savings as well.

Obama will be enviously watching footage of this like a sci-fi geek watches Star Trek reruns.

When then First Lady Hillary suggested government seizure of IRAs, 401ks and other privately held retirement plans, the howling from all could be heard in space. Now, after 15 years of propaganda about the greedy earners not sharing, this could be done here and the opposition would not be enough to stop it.

I guess it´s time to cash in all my IRAs, buy gold and stash it in the Caymans.

"And don´t think it can´t happen here"

It already has OP only more stealthily. When interest rates are artificially suppressed to zero, the savers have been robbed of about 4%/annum since 2008. And that´s on top of the attempts to increase inflation and depreciate the worthless paper we call money.

I agree with #4; it is already happening here. The incessant printing of money at the tune of $85 Billion each month is "taking" from savers, as the money they saved is worth 4% less each year, and this has been going on three years now. Banks are allowed to get free money, and they pay no interest. Nonsavers are allowed to borrow excessively to have the things they want, run up their charge cards, and then go bankrupt to clear their debt. Millions of nonsavers have bought houses they could not afford, and long ago quit paying the mortgage, then getting to live free in these houses for four years. 0bama just changed how these losers´ credit scores are figured, as he feels they should not be punished with poor credit scores which limit their future spending. And banks who are foreclosing on these losers are being pressured, because 0bama feels these people are being targeted unfairly. It is time we passed laws to make people take responsibility for their debts and not reward them for overspending beyond their means. But then, we all know for whom these people vote.

They´re working now to revise the deal. They still want to steal your money, but they´ll steal more from the rich. Accounts over 500,000. 3% for accounts under 100,000. Obama must be advising.

Another idea floated today by the head economist for one of Germany´s larger banks was a wealth tax to be imposed on Italy. 15%, but it´s only one time and it will never happen again, honest. Seems Italy has too many assets compared to say Austria and it´s not fair.

Europe´s gonna blow up, blow up real good.

#4, caymans folded tax-treaty-wise. Look elsewhere.

A Democrat wet dream. Stay alert.

Don´t be surprised if this causes widespread problems for the EU. The euro will be devalued as foreign investors get anything and everything they have out of EU member states. I wouldn´t be surprised if there are runs on the banks in Spain, Greece and other troubled countries. If Brussels will rob Cyprus, who will be next?

The Cypriot Cabinet has declared Tuesday a Bank Holiday according to the Greek Press - they go into Wednesday. The Bank of Greece has sent 4 or 5 Billion in Euros to Cyprus to kill the Banks afloat.

This is a very big deal. Monday morning markets will be interesting.

Already seeing Asian markets down over this issue.

Who is John Galt?

There should be serious opposition to any politician who tries to implement something like that over here.

Very serious opposition.

Legal thievery by any other name. Obama and the DemocRATS must be enthralled watching this.

Monday is but a few hours away in Cyprus. The Parliament faces a decision. I see no reason why they should obey the EU about this.

I still think they are playing with dynamite.. And the Asian market are falling. Admittedly not proof of much yet.

Ditto #14 ( Bigfoot )