As the crisis in Europe never really went away, it continues to rage subduing another nation: Cyprus. Over the weekend the EU offered Cyprus a bailout under conditions never heard of before in EU: that 10 % of population’s deposits be forfeited – that is for the mistakes of the few, the many are punished. The bolshevik confiscation and nationalization tactics are now coming to Europe and the West and people should not ignore these warning signs.

The consequences are dire, this has triggered bank runs and total chaos.

It may appear that this is a “targeted” action with the possible intention to justify a possible russian “reaction”

This could be the most important event on the gold market