I warned about this starting in 2008. Now it’s happened. In Cyprus.
Cyprus Bank Deposits to Be Taxed in $13 Billion Bailout
The tax on deposits, as well as hurting wealthy Russians with money in Cypriot banks, will also sting ordinary citizens. Some ATMs in the country ran out of cash, Erotokritos Chlorakiotis, general manager of the Cooperative Central Bank, told state-run CYBC.
Funds to pay the levy were frozen in accounts immediately, ECB Executive Board Member Joerg Asmussen said. The levy will be assessed before Cypriot banks reopen on March 19 after a March 18 national holiday. Sarris said electronic transfers will also be limited until then.
Boldfaced emphasis added by me.
Let’s cut to the damn chase: That’s not a tax. That’s a confiscation of the hard-earned money of working people to restore the losses of the idle betting classes (what are laughably called “investors” — but who aren’t).
We’re in the fifth year of this slow-motion collapse. And it’s not over yet.
The madness of the bailout in Cyprus
My Amazon bestseller made me nothing
This past summer, my novel, “Broken Piano for President,” shot to the top of the best-seller lists for a week. After Jack Daniel’s sent me a ridiculously polite cease and desist letter, the story went viral and was featured in places like Forbes, Time magazine and NPR’s Weekend Edition. The New Yorker wrote one whole, entire, punctuated-and-everything sentence about me! My book was the No. 6 bestselling title in America for a while, right behind all the different “50 Shades of Grey” and “Gone Girl.” It was selling more copies than “Hunger Games” and “Bossypants.” So, I can sort of see why people thought I was going to start wearing monogrammed silk pajamas and smoking a pipe.
Yeah, I remember that. It was a huge story.
So what did he make?
Which is a waste of marketing dollars. What are they really selling here? eBooks or a tablet? Why no mention of the Google Play Store? Why no link to just the damn eBooks?