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CAN WE TRUST THE BANKS?<br />
BY PAUL OKADE Jr<br />
If the recent events in Cyprus have taught us anything, it is that our <strong>money</strong> is no<br />
longer safe in the banks. To think that in 2013 a situation could arise in a civilised<br />
European country such as Cyprus that would cause the banks (under the instruction<br />
of the Government), to freeze the accounts of its clients and not give them access to<br />
their hard earned <strong>money</strong> is truly frightening. It certainly has the hallmarks of the<br />
apocalyptic Orwellian world in which the basic freedoms of individuals has become<br />
a thing of the past and the Government are the ones who now decides everything<br />
from where you should live, who you should marry, what you should eat, the number<br />
of children you can have and so forth.<br />
Perhaps George Orwell’s description of the future has proven to be prophetic after<br />
all because this is certainly the reality facing the modern world. The European crisis<br />
is far from over and the monetary experiment known as the “Euro” hasn’t seen the<br />
last of turbulence and uncertainty. The American Dollar is equally in similar<br />
circumstances, and the quantitative easing exercise by the Federal Reserve Bank<br />
which is currently dumping tens of billions of printed “paper” dollars into the<br />
American economy on a monthly basis in an attempt to jump start the economy is<br />
nothing short of a time bomb waiting to explode.<br />
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