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overtheedge
Membre depuis mai 2012
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Reader Asks "Where's the Money?" - Mish - Global Economic Analysis

And as it goes in Cyprus, ...

Coming to a country near you.

The more capital controls enacted, the worse shape your currency is in.

Commenté il y a 4183 jours

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Début de l'article :Reader Robert at Americans for Limited Government asks an interesting question. Robert writes ... Hello Mish We are led to believe that taxing Cypriot deposits in the amount of 5.8 billion euros will make the banks solvent. I have a question: Why the need for capital controls after "recapitalization"? How can deposits be used for taxation but not withdrawals? Robert I believe that's a rhetorical question. Robert knows the answer. Even with the EU kicking in 10 billion euros (a loan not a... Lire la suite

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