>> cyprus is bankrupt. it needed an extra $13 billion to keep going. the europeans said we'll give you the money, but you've got to give some of it back from the deposits of everybody in the country. so they're going to take money out of your private bank account in order to pay for this bailout. that breaches a very important principle. until now if you're in a bankrupt country, the bondholders, the people who lent the country money, they were the losers. now it's the citizens directly. >>ainsley: they haven't done it yet, so these people are running to the a.t.m.'s getting their money out. >> but the banks are closed. what happens when the banks open up again probably wednesday, maybe thursday? there will be a run on the banks. people will take their money out because they don't know whether there will be another tax three months from now, which takes more of their money. >>brian: put it under the mattress. >> that is what people are going to do. the price of gold is up this morning in part because people are losing
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