(AUDIO) Think A #Cyprus -Like Asset Seizures Can’t Happen Here? Think Again. Here’s How …

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The E.U. ministers have approved the Cyprus bailout. The “deal” will be funded by seizing bank assets from some Cypriot bank depositors.

The Russian government calls it stealing. A handful of EU leaders think this solution is just fine.

Either way, a terrible precedent has been set by the E.U., BUT can something like this actually happen here? Tom says yes. Listen below as Tom paints a frighteningly realistic scenario where the the US government would go after our wealth:

Audio clip:

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