Mon, 18 March 2013
www.FinancialSurvivalNetwork.com presents
Ranting Andy Hoffman joined us for a followup to yesterday's emergency report on the chaos enveloping Cyprus. While most Americans haven't a clue where the island nation may be, they're going to find outsoon. Putin and his cronies are none to happy with the resolution either. Meanwhile, the Cypriot banks will remain closed until at least Thursday while their government tries to get enough votes to confirm this Faustian bargain. Gold is up, the Euro's down and there's much more to come. Go to www.FinancialSurvivalNetwork.com for the latest info on the economy and precious metals markets
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Mon, 18 March 2013
www.FinancialSurvivalNetwork.com presents
Perhaps you're unaware of what took place over the weekend. Cyprus, an island in the Mediterranean went bust. Their banks required a life saving bailout from the European Central Bank. The help came with a steep price tag. In exchange for $13 billion in aid, account holders were required to forfeit up to 10 percent of their deposits. This is earth shattering. It is a major confidence destruction event. When it comes to fiat currency and fractional reserve banking, confidence is the mother's milk of the system. Now that it's dried up, the rest of the great unwinding has begun. Go to www.FinancialSurvivalNetwork.com for the latest info on the economy and precious metals markets
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