Western World Problem: Wealthy Citizens Betraying the Middle Class!

posted by Shopping4Bargains @ 7:00 AM
April 16, 2013

cyprus-globalist-bankster-swindle Americans must awaken to the reality that what has happened to the banking system in Cyprus can also happen here. In fact, the U.S. banking system almost collapsed in 2007, and the nation’s overall economy has still not recovered.

American history includes events related to those in Cyprus. sovereign-investor.com reveals such history in ‘Is America the Next Cyprus?: “During the Great Depression, over 9,000 banks failed––4,000 in 1933 alone––costing depositors more than $140 billion! That would be $2.45 trillion today.

“President Franklin Roosevelt’s first act as commander in chief was to declare a national “bank holiday––closing banks for a three-day cooling off period and setting limits to the amount depositors could withdraw.” Obvious similarities!

Since near disaster in 2007, the U.S. banking system is thriving. Certainly its stock market is. But our nation’s middle class is not doing nearly as well. As for Europe, its middle and lower classes are held down by no-growth austerity:

Two simultaneous events reveal failed banking systems within the European Union (EU): 1) EU’s attack on bank depositors in Cyprus; and 2) Investigative journalists opening millions of emails and bank records to expose thousands of off-shore bank accounts held by EU politicians and their super-rich supporters.

Obviously Europe’s middle classes are overloaded with taxes, while the elite oligarchy ‘hides’ their money in ‘off-shore’ banking havens. Using one middle-class family as an example, Liz Alderman points out that ‘Cypriot Middle Class Feels Betrayed by Europe Union:’

“What most pains him [30 year-old Charalambos Alexandrou, husband and father] and many others here, though, is the feeling that Cypriot solidarity with the European Union has been shattered by international finance officials willing to let their country’s 860,000 citizens suffer for the sins of a powerful few.

“And with losses of up to 60 percent being imposed on deposit accounts above €100,000 at the Bank of Cyprus, he said banksters-previeweven many of his friends—not just Russian oligarchs—were losing big portions of savings they so diligently tucked away during the good years.”

Greatly embarrassed to find that the wealthy in their nations hide their riches in overseas havens to avoid paying taxes, European leaders say they are toughing laws against tax evaders. Considering the many off-shore banking havens where this nation’s wealthy hide their funds, it is time for American politicians to do the same. Otherwise, we may see the woes of Cyprus fall on our shoulders as well.

Christian messages point out that God’s judgment will soon turn such hoarded wealth against the covetous rich: “Go to now, ye rich men, weep and howl for your miseries that shall come upon you. Your riches are corrupted, and your garments are motheaten. Your gold and silver is cankered; and the rust of them shall be a witness against you, and shall eat your flesh as it were fire. Ye have heaped treasure together for the last days (James 5: 1 – 3).”

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