In this week's Off the Cuff podcast, Chris and Mish discuss:
- Cyprus' Wealth Tax
- A broad-daylight theft of the public
- Implications for the Eurozone
- Are bank runs and capital controls next?
- Wine Country Conference
- Only two weeks away!
Well, things have finally gotten interesting. The unfortunate bank depositors of Cyprus just learned that they'll experience an immediate and nationwide wealth tax, penalizing them for acting prudently and saving their money.
The ham-fisted way in which the IMF and EU leaders have handled this is highly likely to sow doubt and anxiety elsewhere across Europe. If depositors are not safe, and deposit protection insurance is thrown out the window when inconvenient, trust in the Euro currency will be the greatest victim.
Expect bank runs in the near term among the weaker countries like Greece, Spain, and Portugal – and/or expect some major countries announcing their plans to leave the Eurozone. Perhaps even a game-changer like Germany.
You can learn much more about Chris and Mish's forecasts of the EU crisis and many other notable topics by joining them on April 5 at the Wine Country Conference in Sonoma. It's going to offer a fantastic line-up, fabulous venue, and intimate access to
by oliveoilguy 
