Bankers Plan to Raid Deposits After Greeks Rise Up Against Debt BondageBy Mac Slavo More austerity and new rounds of loans? Voters in Greeces emergency referendum were overwhelmingly against it. Whatever happens next, they stood up to the authoritarian tactics of the European Union. Hurrah. Greeks voted overwhelmingly to reject creditors proposal of more austerity measures in return for rescue loans, in the countrys first referendum in 41 years Sunday. The referendum will stay in history as a unique moment when a small European nation rose up against debt-bondage, Varoufakis said. (source) Now signal the panic. Collapse may be impending. Then doom. Contagion could spread to America, too, and trigger global market implosion and derivatives meltdown. This weekend brought not only the no vote but the resignation of Greek finance minister Yanis Varoufakis, who angrily pointed the finger at predatory creditor banks who he said are using terrorism against the angry, defiant people of Greece. Yanis Varoufakis, Greeces finance minister, on Saturday accused the countrys creditors of trying to terrorise Greeks into accepting austerity. What theyre doing with Greece has a name: terrorism, he told Spanish newspaper El Mundo. Why have they forced us to close the banks? To frighten people. (source) As things stand, the banks are still closed, ATM withdrawals are very limited and strict capital controls have imposed to avoid a full on bank run but now they are looking to take deposit funds to cover the emergency as well. With the very near possibility of collapse, amid a shortage of cash and short-term money, banks in Greece are poising themselves to bail in during financial emergencies by seizing customers bank accounts. FT reported: Greek banks prepare plan to raid deposits to avert collapse Greek banks are preparing contingency plans for a possible bail-in of depositors amid fears the country is heading for financial collapse The plans, which call for a haircut of at least 30 per cent on deposits above 8,000 European finance figures expressed woe over the Greek rebellion, and deep upset at the threat to the Euro, decrying: a path of bitter austerity and hopelessness. What we certainly dont want to do is to take decisions that will threaten the monetary union. It should be a stark reminder who will carry the costs of failure the people. Once again, it is the public who bears the losses, and the private clubs who enjoy the profits. Americans may remember the episode with MF Global where the company lost big in derivatives and stole customers funds to cover their losses. Well, that one taught everyone what to expect be sure, there is more coming. You can read more from Mac Slavo at his site SHTFplan.com, where this article first appeared. Impossible to owe money to a dead man. These poor people are about to go through hell. At least for once theyll be on a level field. Good luck Greece? Well be joining you soon. BANKERS WILL ROB YOU BLIND. STAND UP LIKE A REAL MAN OR A REAL WOMAN AND KICK THEIR BUTTS OUT OF THE USA AND NEVER LET THIS HAPPEN AGAIN. JESUS THREW THE KHAZAR BANKERS OUT OF GODS HOUSE AND WE LET THEM MOVE RIGHT BACK IN. WE HAVE GOT TO QUIT BEING STUPID. LAST CHANCE FOLKS. WE BETTER GET THEM OUT OF HERE. TAKE ALL OF YOUR MONEY OUT OF THEIR BANKS AND RIGHT NOW. 