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Re:Europe Announces Bailout For Cyprus — Bank Depositors Get... by martinced on Saturday March 16, 2013 @10:26PM (#5387754)
Yes but the difference is that Cyprus lost its sovereignity regarding money creation by entering the eurozone.

The U.S. has its own way to confiscate citizen's money and that is called quantitative easing, which creates inflation. That's why they abandoned the gold standard: to be able to confiscate as much as they want using inflation.

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