That’s not a hair cut

(Via the Drudge Report)

That’s a beheading.

Under conditions expected to be announced on Saturday, depositors in Bank of Cyprus will get shares in the bank worth 37.5 percent of their deposits over 100,000 euros, the source told Reuters, while the rest of their deposits may never be paid back.

In other words, the government of Cyprus is going to steal 62.5% of all money held in bank accounts if that account as more than 100,000 euros in it.  They want everyone to think that the money belongs to Russian mobsters, but in reality a lot of that money is going to belongs to average folks who have been able to save, small businesses and legitimate rich people.

Being willing to risk wrecking their economy for a bank bailout seems stupid and foolish, but hey, that’s what governments do best–be stupid and foolish.  Along with being greedy and power hungry.

The question we should all ask ourselves is “What do I do if it happens here?”  While I don’t, as some others are, advocate the immediate “Turn it all into precious metals!” philosophy, I have done a bit of that.  I’ve also turned it into the sorts of tangible goods that will help my family and my neighbors through a very bad time.  There are also other tangible things that can be bought such as food, medical supplies and tools.  Books that can teach you skills also come to mind.  We’ve signed up for some medical training classes and I’m looking for some more firearms classes if I can find them close by.

I’m also continuing to simply live my life while carefully watching for signs that our government is moving toward something like this.  We’re looking at having some work done to our home.  (We couldn’t sell it if we had to, so we may as well dig in and enjoy the place.)  I’m going to “renovate” our camper so Mrs. Freeholder and I can do a bit of RVing again.  That one is actually dual-purpose; the camper is a great thing to have in case the house should become untenable for some reason.  But just as with 9/11, I refuse to be panicked.  I think that’s what they want us to do.

Because they know that we’re more controllable when we’re scared.

Think things through, look at your situation and the conditions around you, and be smart.  All the preps in the world aside, smart is what is going to get us through this.

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