Cyprus government instigating a run on the banks and a collapse of their banking system

[roberth]

I'm watching Cyprus closely via Zero Hedge -->http://www.zerohedge.com/

The Cypriot reaction will tell us if this government behavior will continue immediately or if the EU will hold off for a while.

If you have convertible paper assests I'd start thinking about moving them to a "defensible assest" as Ann Barhardt would say. A defensible asset is something (gold, silver, booze, food, medical, ammo, components, firearms, car parts,) anything you can control within the confines of your home or shop or cabin or whatever.