The RoanokeSlant

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Perhaps it’s because he and his team are looking at the availability and taxability of the personal assets of our senior countrymen, especially our 401’s, IRA’s and equity in our homes.
Blog item: Seniors Are Going To Pay The U.S. Bills And Debt Through Confiscation
http://roanokeslant.blogspot.com/2013/02/seniors-are-going-to-pay-us-bills-and.html
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Today’s news raises this concept to a whole new level in Cyprus, where massively accumulating debt and deficits have become a national financial crisis.
The government is “taking” peoples bank deposits right out of their bank accounts!
WOW!  --- This is a really fast way to get cash! 
Fits in with Willie Sutton’s famous reason for robbing banks:  “because that’s where the money is!”
This would be a much faster and more efficient method of personal wealth confiscation than changing the rules and tax rates on retirement plans and home equity!
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Over the weekend the tiny nation of Cyprus (and its overseas depositors) became the latest Europeans to learn the painful rule that is increasingly guiding the continent’s debt crisis: the less solvent a country is, the more sovereignty its citizens must relinquish.
In exchange for financing expensive bailouts of Greece, Spain and now Cyprus, the European Central Bank and richer countries like Germany are demanding a greater say on matters traditionally left up to local politicians like tax rates and retirement ages.
http://www.foxbusiness.com/investing/2013/03/18/cyprus-bailout-insolvent-euro-nations-continue-to-cede-sovereignty/
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The current Cyprus Bailout demonstrates how Insolvent Euro Nations Continue to Cede Sovereignty just as one looses control of his business, home and personal assets as a result of crushing debt and bankruptcy. 
Here in the US, bankrupt cities like Detroit are under receivership and profoundly indebted states like California and New York stand to loose their credit ratings as debt overcomes the ability to pay expenses and the massive service on the debt.
Can the US Government be far behind?
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http://roanokeslant.blogspot.com/2013/01/obama-team-declares-we-dont-need-no.html
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http://roanokeslant.blogspot.com/2011/07/obama-congress-why-raise-debt-limit.html
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“America has a debt problem and a failure of leadership.
Americans deserve better."
Senator Barack H. Obama, March 2006
Talk about hypocrisy!
http://roanokeslant.blogspot.com/2012/12/obama-economics-success-is-350000.html
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http://roanokeslant.blogspot.com/2012/06/debt-americans-deserve-better.html
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