Cyprus is just the tip of the sword in the ongoing collapse of the Global Debt Ponzi

Quoted from the bottom of the linked article:

“This is precisely what happens in a fractional reserve lending system when faith is lost. And faith certainly has been lost. Why shouldn't it be lost? The entire global financial system would be recognized as insolvent if even 25% of the people tried to get their deposits.”

http://globaleconomicanalysis.blogspot.com/2013/03/reader-asks-wheres-money.html

This is pure math speaking, not hyperbole.  The question then becomes, “What could possibly cause 25% of the people to try to get their money out at the same time?”.  The answer has been buzzing around us for year now: government debt crisis.  Keep in mind that banks and government are so intertwined that they cannot be told apart from an economic perspective.  So the real answer is “any big crisis with either government or banks”.  Of course, if the economy tanks then banks and government will by definition have a crisis so the real, real answer is “any big crisis with either government or banks or corporations or unemployment rate or, or, or…”.  In short, any sufficiently large crisis be it man made or of natural causes will be reason for government to steal any of your wealth that you have entrusted to its care. 

Nobody can say when the next big US crisis will hit.  However,  with current on-book national debt of 16.7 trillion (which is going up at an exponential rate despite government jawboning about caring about it), it’s a cinch that we are not far from our own “Cyprus moment”.  It simply cannot be avoided at this point.  The only possibilities are to pump it up into an even bigger Ponzi which will collapse later but in a worse fashion or collapse it now for merely catastrophic results.  Smart people will see this and will take possession of their own wealth in a form that cannot be tracked, taxed, or stolen with the stoke of a bureaucrat’s pen.  Gold and silver bullion coins fit the bill perfectly.