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It Can Happen Here: The Confiscation Scheme Planned for US and UK Depositors
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It Can Happen Here: The Confiscation Scheme Planned for US and UK Depositors
Tue, 2013-05-07 18:56 — Gina AngiolaTruthout.org -- by Ellen Brown -- March 29,2013
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.
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