The confiscation of funds from depositors in Cyprus is nothign new.
We saw it here in 1933 and we will see it again soon.
On April 5, 1933, approximately one month after first taking office, Franklin D. Roosevelt commanded, via Executive Order No. 6102, “All persons are hereby required to deliver on or before May 1, 1933, to a Federal reserve bank … all gold coin, gold bullion and gold certificates now owned by them or coming into their ownership on or before April 28, 1933[.]”With that being said...Don't leave them shit to confiscate.
By his executive order Roosevelt deprived Americans of their property “without due process of law” under the Fifth Amendment. To add injury to insult, he also ordered up to a $10,000 fine or ten years in prison or both for anyone who willfully violated any provision of his executive order.
If they want something, give them copper and lead.