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CYPRUS TAXING DEPOSITS! THAT'S NOT NEW!

Mar 21, 2013
Article #221
Author: Mel Jones

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I'll keep this short and sweet.  Today there is all this talk about Cyprus' debt issues and the fact the governmemt wants to "tax" bank savings deposits!  Heck Ben Bernanke been doing this to every American depositor in the coutry and all of us sit around and let him get away with it.  Why!

Here is what I'm saying.  It is clearly understood by all economists that Ben has been creating money out ot thin air.  And to add insult to injury, Bennie has been keeping interest rates near zero percent.  There is inflation - have you bought a pound of bacon lately? How about a gallon of gas?  So each year that goes by, our savings buys less and less product.  That's stealing our money folks, not unlike taxing our savings! And it is the direct policies of Obama and Bennie that are doing that to every one of us.  Does it hurt the rich, not a chance!  Does it hurt the poor, nope they have no savings.  So who's really being raped here, yes, you and me, the same middle class that we're told time and again are suppose to be helped by this administration.  At least Cyprus does taxes the savings openly. 

So why does Bennie want to keep rates low. We're told because he wants to stimulate the economy.  Has anyone looked lately, I certainly don't see a stimulated economy!  The real reason Bennie MUST keep rates low is because for a 1% increase in rates, our U.S. government now has an additional $170 billion of interest expense.  Rates go up 4%, that's nearly $700 billion more in interest expense to us tax payers, which by the way just gets added to the national debt.  

Can you see the fiscal declining cycle we're in? 

                                                                                                                                                                                                                                                       

We at SellingRestaurants feel obligated to educate the public, our customers and our clients with information that can help them make more intelligent buying and selling decisions. 

Mel Jones is one of the premier restaurant brokers in the nation having published hundreds of articles on buying and selling a restaurant and bar business, selling thousands of restaurants in CA., WA and AZ and building one of the most copied business models in the brokerage industry.  Mel started SellingRestaurants in 2004 with the one simple concept, give the buyers the information they need to make intelligent buying decisions without being pestered by a broker or hiding information, prepare the business for market by researching key details that make or break deals and educate the buyer on the buying process to create an intelligent buyer.  Prior to SellingRestaurants, Mel was a Chief Financial Officer for Universal Music Group, the largest music company in the world.  There he participated in more than $11.5 billion of merger and acquisition transactions.  He also work for top companies such as Nestle Foods, USA. He hold a Bachelors in Business Administration Finance as well as attened Law School at Gonzaga University.  Give Mel a call at 480.274.7000 or e-mail him at [email protected] if you have any questions. 

 

 

 


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