FDIC and BOE plan to confiscate bank deposits in US and UK

[mpfrank]

...or at least, turn them into worthless "shares" in failing banks next time there's a systemic banking crisis.

http://www.counterpunch.org/2013/03/28/the-confiscation-scheme-planned-for-us-and-uk-depositors/

So, this seems like a REALLY GOOD REASON why ordinary people should not keep their savings in sovereign fiat currencies.  (Bitcoin, anyone?)

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