Russia TV Interviews Jack Rasmus on the Cyprus Crisis

Jack gives an update on the continuing economic crisis in Cyprus
April 13, 2013 (4 min 5 sec)

Jack explains why the crisis will get worse, and why the contagion will inevitably spread to other weak link banking systems in the Eurozone and UK. Cyprus represents the move of policymakers to more desperate measures to bail out bankers, beyond and in addition to QE and Austerity policies. All depositors in banks are at risk of having their savings 'expropriated' by special taxes to bail out banks who cause the crisis in the first place. Jack notes that the US and the UK have already been in discussions for months to 'tax depositors' when the next banking crisis hits the US-UK.