I guarantee you that if a Republican were in the White House, the media would be talking to you about one thing today, and one thing only, and it is what happened Saturday in Cyprus and what might happen in Italy. I’m gonna take a little test here. Mr. Snerdley, do you know what happened in Cyprus on Saturday? You gotta be kidding me. You read a headline and you don’t know? Brian, do you know what happened in Cyprus on Saturday? Yeah. Not just savings accounts. He said they took money out of people’s savings accounts. What happened was Cypriot banks launder a lot of money for the Russian mob, so those banks are important. Gotta keep ’em open.

The banks are in deep doo-doo, and the government of Cyprus is in deep doo-doo, because it’s leftist, it’s socialist. It’s just like all the rest of the European Union. They’re out of money, and they’re in debt and they’re near collapse. So what they did, the European Union, the euro zone, just decided that they were going to confiscate people’s private property, which is their money. Now, people don’t look at money as property, but it is. It’s as much property as land is or as your house or your car. And they just went in there, and they’re calling it a wealth tax and they’re taking anywhere from 6% to 10% of everybody’s deposits, not just your savings, but everything. Your checking account. Your mistress account — a lot of people there have mistress accounts. Ten percent max, and people have raised hell.

A run on banks in Cyprus began. People started going to ATMs and tried to take all the money they had in the bank out, because that was the only way to protect it. A digital transfer is easy. So if the European Union, the euro zone and the government of Cyprus want 10% of your money, they decided they needed it, they just went and got it. Everybody’s, folks, not just the rich. Not just people who make over 130,000 euros, everybody. I’m telling you, if a Republican were in the White House, that would be the big story, and the question would be, could it happen here? This story is being ignored. It deserves to have a lot of attention focused on it because we are headed in that direction. What happened in Cyprus makes Greece look like a paradise.

Now they’re talking about the same thing possibly happening in Italy. The euro zone is run by a bunch of leftist aristocrats who have no more idea what they’re doing than leftists in this country do. Speaking of leftists, Obama has just nominated a replacement for Hilda Solis at the Labor Department. Okay, I’ll tell you who this guy is. This guy’s name is Tom Perez, and he may as well be Hugo Chavez. And that is not an exaggeration. Yep. Tom Perez is his name, and I’ll tell you who this guy is. He is the guy in the Department of Justice in the civil rights division who made the call not to prosecute the New Black Panthers. I want to play a little game with you, folks. In a hypothetical, let’s replace Obama with George W. Bush and the Black Panthers with the Ku Klux Klan.

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