Necultchurny! The haircut news from Cyprus just got worse: "This morning Sky [News] reported that the levy on balances over €100,000 had now increased to 60%..." This now qualifies as full scale bank robbery.
Ricky L. sent a link with some disturbing news: Fake 90% Silver U.S. Coins. Silver dollars are most often faked, but even smaller dominations should now be scrutinized.
Bill Whittle: Canaries in Coal Mines
You Will NEVER Look At MONEY The Same AGAIN.
Items from The Economatrix:
No Matter Outcome, Cyprus Crisis Is Blow To Business (And To Bank Customer Confidence Worldwide)
International Monetary Fund (IMF) Policy Paper Urges Higher Fuel Taxes to Offset Post-Tax Subsidies and "Externalities" Like Global CO2 Emissions. These Pigouvian ("Corrective") taxes might push the price of gasoline to $4.67 per gallon in the U.S.! (Scroll down to "Appendix Table 1. Corrective Motor Fuel Taxes, Selected Countries". Note that the suggested tax increase is 36 cents is per liter, not per gallon!)
Have The Russians Already Quietly Withdrawn Their Cash From Cyprus?
Eurogroup President Spooks Market By Saying Cyprus Deal Is A Template