March 21 (Reuters) – Even if you have zero exposure to the
euro, the sad tale of Cyprus teaches investors about important
old and new realities.
This tutorial comes compliments of the tiny euro zone island
off the coast of Greece, which has been a favored haven for
billions of euros from mostly Russian investors but is now
facing a financial meltdown.
First, there is still no free lunch. High-reward, low-risk
investment products aren’t.
Second, off-shore havens for money may save you money in
taxes but could well cost you far more in the end.
Third, financial repression isn’t a psychological disorder,
it is the new way of the world. So-called financial repression
is any one of a number of tactics which a government uses to
capture any money from any available source to help it meet its