All your money are belong to us!................from Rico

Thank you G20!

The Cyprus template is now fully implemented in every major economy. Effective 16 NOV 2014:
- Bank deposits are no longer 'money' but paper 'investments' in your financial institution.
- Your asset (CASH) is now a liability (INVESTMENT).

Everyone with ANY cash in a checking, savings, or money market account just had it all stolen.
- Sure, you can still get small amounts of cash from an ATM or at the teller window of your bank, but the new banking rules agreed to across the G20 mean banks no longer consider your deposited money as 'yours' or as 'money' but instead as part of the bank's capital structure...and pretty far from the most senior part of that structure.

Congratulations! We are all now at the end of the line of claimants to recover our 'investment' from a financial institution if/when it fails.
- Maybe a penny on the dollar. Math-wise $1,000 on $100,000 sounds about right.

B-b-b-b-b-but the FDIC! Some may sputter.
- Sure. Right. With $25 billion in the FDIC fund, that covers about 1.15% of "insured" accounts.

The last financial crash was funded by taxpayer bail-outs.
- The next financial crash will be funded by depositor bail-ins.

CYPRUS