"The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary." ~ H.L. Mencken
New Legislation Permits Authorities to Freeze Accounts and Use Them For Bail-ins
Submitted by Melinda L. Secor on Mon, 2016-03-28 01:00
"The world will soon be facing a tsunami of defaults on bad debts. This will include municipal or local government defaults, governments 'defaulting' on promises they’ve made to the people (Social Security, Medicaid), a default on the social contract between society and politicians such as the one in Cyprus (a default on the notions of private property and Democracy), stealth defaults on debts in the form of inflation and finally, of course, outright sovereign defaults."
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