Border guards at the country’s air and sea ports have been ordered to check baggage and monitor whether travels are taking more than €10,000 (about $13,000) out of the country. Any amount over  €10,000 can be taken. Daily ATM limits range from €100 euros to €120. 

The bill passed by the Cypriot parliament enables the central bank governor and finance minister to take measures stemming capital flows, as the world knows. The generic legislation allows the country’s top finance and monetary officials to impose measures ranging from daily ATM withdrawals to freezing domestic interbank lending, suspending direct-debit orders and converting checking accounts into time deposits. The legislation allows the finance minister or central bank government to “take whichever restrictive measure [they] consider necessary under the circumstances, for reasons of public order and/or public security.” read more…

Jeff Berwick, founder of the most active financial website in Canada, Stockhouse, has announced his plans to place the world’s next step in sci-fi financial innovation, a fully-functional Bitcoin ATM, in Cyprus.  Inspired by the ongoing bank holiday and riots, Berwick is now seeking investors and franchisees/licensees to get the technology where it is now needed most: Cyprus. read more…

We live in a world today that has been carefully crafted by the highest levels of state and corporate enterprise. Euphemistically referred to as the “state-enterprise” apparatus, academia has acknowledged the existence of a network of “demise-of-the-nation state” globalists, many of whom head up transnational corporations and collude with partners in government. It is one seamless fabric at the top. All is one.

The state-enterprise apparatus – mostly private interests using government to organize society –  creates arbitrage that would not otherwise exist.  Indeed, many of these arbitrages exist at the small business level, presenting entrepreneurs of the state-made landscape ways in which to make money.  Here are some examples of businesses for which we might thank the state in a sick Stockholm sense. read more…

Original blog can be found HERE

[Editor’s Note: The following post is by TDV legal correspondent, Jim Karger]

“Everyone wants to live at the expense of the State. They forget that the State lives at the expense of everyone.” — Frederic Bastiat

Americans struggle. read more…