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When It Comes Time to Steal… They’re Coming After YOUR Money

Politics / Credit Crisis 2013 Apr 03, 2013 - 02:22 AM GMT

By: Graham_Summers

Politics

Cyprus should scare the living daylights out of everyone.

Cyprus has shown us that when things get bad enough in Europe, bureaucrats will STEAL money from the people. That is bad enough as it completely goes against the central tenants of Capitalism and Democracy. Not to mention it also targets the wrong people (average citizens) instead of the banks that created this whole mess.


However, we now know that when it comes time to STEAL, the STEALING will only hit those who are not well connected with the corrupt elite. To wit, the media has revealed that a number of Cypriots actually managed to transfer funds outside of Cyprus right before the banking holiday was put in place.

A company owned by in-laws of Cypriot President Nicos Anastasiades wired €21 million from Laiki Bank to London days before the Eurogroup’s crisis-triggering levy proposal, claims a Cypriot newspaper. The president demands an investigation.

During two days, 12 and 13 of March, the company A.Loutsios & Sons Ltd., co-owned by Loutsios John, the husband of Nikos Anastasiadis’ daughter, Elsa, took five promissory notes worth €21 million from Laiki Bank. The money was then transferred to London, reported Cypriot newspaper Haravgi, affiliated to the communist-rooted AKEL party.

The withdrawal was fulfilled just three days before the Eurogroup meeting when euro finance ministers agreed a 10 billion euro ($13 billion) bailout for Cyprus.

The company, however, has firmly denied the reports.

http://rt.com/news/cyprus-president-money-withdraw-129/

Let me get this straight… the in-laws of the President of Cyprus somehow magically decided to wire €21 million a few days before the Cyprus banking system collapsed… and we’re supposed to believe this is a coincidence?

Let me blunt here to anyone who resides in Europe or who believes that investing in Europe in any way is a good idea: the people running the show over there are NOT there to help you.

Look at Italy where a Democratically elected Prime Minister was removed and replaced by an un-elected technocrat… who also failed to solve anything… and now there is NO GOVERNMENT.

Look at Spain where the current Prime Minster is embroiled in a massive corruption scandal (he is alleged to have received numerous bribes by real estate developers throughout Spain’s housing boom) and not one but THREE ex-Treasurers are implicated in fraud, bribery, and MONEY LAUNDERING.

And of course, there’s Cyprus, where Government “leaders” CLEARLY tipped off its friends and families to get their money out of Cyprus, before freezing everyone else’s money.

I’ve said it before and I’m saying it again: NO SANE PERSON SHOULD EVEN CONSIDER INVESTING OR HAVING MONEY IN EUROPE.

The folks in charge of that situation have failed to fix Greece. They’ve had three years and over €100 billion to do it and they FAILED. They’re now so desperate that they’re even taking peoples’ money from right out of their banking accounts.

This is what systemic failure looks like. And eventually it will be making its way around the world as the overleveraged financial system breaks down.

You DO NOT want to be on the bad end of this. What’s coming will make what happened following Lehman’s failure look like a joke.

We have just posted a report warning all investors of what’s coming… in it you can find detailed information about how it will unfold and how to prepare yourself and your loved ones.

To read this warning… and take action to protect yourself and your hard earned wealth…

Clicking Here Now!!!

Graham Sumers

Chief Market Strategist

Good Investing!

http://gainspainscapital.com

PS. If you’re getting worried about the future of the stock market and have yet to take steps to prepare for the Second Round of the Financial Crisis… I highly suggest you download my FREE Special Report specifying exactly how to prepare for what’s to come.

I call it The Financial Crisis “Round Two” Survival Kit. And its 17 pages contain a wealth of information about portfolio protection, which investments to own and how to take out Catastrophe Insurance on the stock market (this “insurance” paid out triple digit gains in the Autumn of 2008).

Again, this is all 100% FREE. To pick up your copy today, got to http://www.gainspainscapital.com and click on FREE REPORTS.

Graham also writes Private Wealth Advisory, a monthly investment advisory focusing on the most lucrative investment opportunities the financial markets have to offer. Graham understands the big picture from both a macro-economic and capital in/outflow perspective. He translates his understanding into finding trends and undervalued investment opportunities months before the markets catch on: the Private Wealth Advisory portfolio has outperformed the S&P 500 three of the last five years, including a 7% return in 2008 vs. a 37% loss for the S&P 500.

Previously, Graham worked as a Senior Financial Analyst covering global markets for several investment firms in the Mid-Atlantic region. He’s lived and performed research in Europe, Asia, the Middle East, and the United States.

© 2013 Copyright Graham Summers - All Rights Reserved
Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.

Graham Summers Archive

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