Timothy Sumer

In which Ben explains the potential long term importance of the bank bailouts in Cyprus...also I say some mean things about Russians.... ( read more ) LEARN MORE ABOUT: Bank Failures REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing HOW TO INVEST IN SILVER: Silver IRA Investing In recent years, the small island nation of Cyprus has made headlines due to its banking system and the controversial bailout it received. To help shed light on this complex issue, let's take a closer look at the Cyprus bank bailouts and what they mean for both the country and the global economy. The banking crisis in Cyprus began to unfold in 2012 when it was revealed that several of the country's largest banks were heavily exposed to Greek government bonds. As the Greek economy deteriorated, these bonds lost their value, putting immense strain on the Cypriot banking sector. In an effort to prevent a complete collapse of the banking s...