Posted on March 19, 2013
Also at CNBC – BREAKING: Cyprus Finance Minister Offers to Resign, Resignation Not Yet Accepted: Source; Ruling Party Abstains from Bank Levy Vote
I keep thinking of the term: “Damned if you do and Damned if you don’t” as it looks like Cyprus is going to reject the planned depositor tax.
Cyprus is rejecting it’s bailout…now what?
What happens now is that EVERYBODY will withdraw their money and the BANKS will lose everything IF they reopen their doors. The ramifications in the CDS derivatives market will destroy every other bank in the world. YES…in the world.
The END has begun. The 4 year “waiting period” I have discussed many times on the Road to Roota is over and now it is time to END the Global Monetary System.
Listen to these word pop up in the days to come:
Counter Party Default
Global Monetary Collapse
There are more terms but you get the gist. Not sure how long it will take before the size and scope of the problem hits the mainstream but the more they deny it’s a problem the bigger the problem becomes.
The END game was never meant to be pretty but there is a light at the end of this mess.
Stay tuned and stay safe.
May the Road you choose be the right Road.