Obama and Bernanke Already Pulled a Cyprus
“After a two hour debate on the divisive tax, 19 lawmakers from Cyprus’ Democratic Rally party,” (chuckling) that’s the name of the party, “headed by President Nicos Anastasiades, abstained from the vote, a move that secured the rejection of the plan.” But there’s a back story to this. What they did is, the Cyprus government went to the people and said, “Okay, okay, okay, okay! We won’t take everybody’s money. We’ll just take 10% from the rich,” and the middle class and the poor people Cyprus said, “Nope, we’re not voting for that. You’re not taking anybody’s money.”
They tried the Obama class-envy approach, and the people of Cyprus shot the whole thing down. So this thing has been killed for now. For now. The next time they do it, they won’t tell anybody in advance they’re gonna do it. They’re just gonna do it. They will do this. They’re a government. They’re out of money! They’re broke. They will do this. If I lived there, I would not put my money back in a bank, had I taken it out. I wouldn’t. I’d make ’em come to my house and get it from underneath the bed or wherever I put it.