My friend David Zervos dashed off this note on Cypress this afternoon, and I want to get it to you before I quote some of it in my letter in a couple days. This move by the EU and IMF is one of the more stupid and ham-handed stunts in central banking history. Not to mention unjust and immoral. And since this is a family publication, I suggest you read between the lines as to how I really feel. Taking deposits from people who saved money in order to be able to survive in the midst of chaos? People should be outraged – and they are.