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INVeRTeD EuRo MaRXiSM...
Those of you who are familiar with my work, will immediately recognize the meaning of the above image (The "Central Planners") which I did on Saturday.
I have been holding it because I knew that the can of worms opened in Cyprus could only lead to a crescendo of disaster for the Eurocrats.
As far as I am concerned, the klepto-kretins have finally crossed the collectivist Rubicon by merely suggesting that private property rights should be sacrificed at the alter of bailout kapitalism.
The situation drips with historic irony given the Russian connection.
Their Nobel farce has now been fully exposed for what it is.
There is no rule of law in the European Union.
There are only ends justifying the idiotic means of tyrannical klepto-midgets.
All their grandiose bloviations are nothing more than pompous hot hair:
"United in Kleptocracy"
A fiat accompli!
WB7
.
.
.
It's time to define "Eurocrat"
It's one who resembles a rat
Conceited and crass
With face like an ass
So words are not spoken - they're shat
The Limerick King
»
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keiser blog down, what up?
stick a hose in that eurocrat's end and call it the , Cyprus Siphon
jb
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It never leaves my mind why Bill and his clear and present Art has never been taken up by the Worlds largest newspapers. Their cic is dwindling but a daily from Bill on page 3 would be worth the fiat spent.Newspapers would become fun once more. Goodness they miss the point.
I'm tempted to join Colonel Kurtz with all that's going on. Nuke them all. Let God sort them out.
You get rid of all those banks and convert them to free range chicken factories and organic hot houses and you'll see what kind of economy this world is really capable of.
Bankrupt banks might be better salvaged by stock and bond holders getting nothing and new shares in the bank issued to the depositors proportionally to to size of their deposits during the previous year so some do not pile in at the end of a failed institution to get a risk free piece of the pie. What did the depositors do that they should be penalized?
Born Russian or Cypriot.
Bankster opportunism is what this is. See see prey with a weakness and you take advantage. Only this has backfired completely and I am amazed at the stupidity and lack of foresight.
I thank God Almighty for their stupidity and lack of foresight.
Baaaah Humbug Cyprus just SHAT ON Bens intended Fed Exit Plan! Could that mind fuck story force ( fed ) to the Sheeples David & Goliath possibly not ring hollow for Real OR can Timmy G save the Earth Again?
I think your correct. There goes Ben's IMF Bullet, spent into a minor problem. If they'd have been smart they'd have closed US Banks first and seized 50% of all Depositor's wealth. I thank God that they are myopic and stupid.
Don't get yourself into a frazzle. Ben has another bullet. He is gonna steal himself some of those IRAs and make them buy all those worthless Treasury Bonds that his Federal Reserve Bank is holding. That way he can create a demand for them and continue to depress them Interest Rates, propping up that Bubble Bond Market.
It is the new business model...STEALING.
But I hope that the Banks are open tommorrow. I need to get me a larger mattress now.
It would seem that if the bankers only need 10% of the depositors' money to make it whole, then if depositors across Europe remove 10% of their money, banks would be devastated.
The truth is with all the regulatory changes, they art thinly capitalized and they will have to execute rounds of financing with equity or subordinated debt of some kind and the risk premium will cost them dearly if everyone is talking haircuts.
I am sick of hearing them say the depositors are being punished for their stupidity. How can they make that statement when their own bailout queens are holding shitty paper that legally should be subordinated to the depositors. The same bailout queens that have were rescued by Mad Ben in the AIG bukake.
My cat Spread Sheets would bury any of those Euronomenklats in dry cat litter in a one on one debate over this clusterfuck of finance.
I want economies the size of 10 minutes walk in any direction from my house. That way i can identify and eliminate anyone fucking me over! END OF!!
Honestly WB7, M.C Escher must have been a relative of yours.
No Art-warrior does it like you bro.
Big appreciation.
I am a fan of WB7's work, however I am a bit mystified by this post. How is robbing ordinary depositors to protect banksters and their wealthy bond holders Marxism? I don't believe Marx ever promoted such a thing. I see it more like an extension of Fascism, Corporatism or Crony Capitalism.
Henry Hub, Keynes' idea of free loans was an idea derived from socialism, i.e., the final stage that precedes Communism; hence, the Marxist connection, IMO. Keynes, a Fabian Socialist, spread the socialists’ ruse that if business profits and interest rates reach zero, nothing will cost much and, as Hugh Lewis interpreted this Keynesian falsehood, “humanity will have achieved an economic utopia with scarcity abolished.”
Bernanke, operating his failed economic policies under cover of Keynesianism, is buying the economy by taking money from savers (depositors) via ZIRP and printing money out of thin air to pass on to the banks who in turn give it out to Wall Street and the government who provide the money, much of it through welfare such as food stamps, for consumers to buy the products that the companies make.
This is redistribution of weatlh.
“Free” money, of course, does not produce more food, clothing, shelter or growth. It collapses economies. As in Zimbabwe, free money produces soaring prices. Millions of Germans lived in abject poverty as they were drowning in a flood of money during their country’s hyperinflation in the 1920s when a theater ticket at the box office, say, jumped from a few hundred million marks in one evening to a billion marks.
Inflation, as Banzai said, makes poor people poorer and the rich, especially Wall Streeters and other financial insiders, richer. Keynes knew this, of course. His objective was world socialism with a "managed" currency under a single "supernational authority."
The late economist Henry Hazlitt explained what happens under a Keynesian Fed policy of cheap credit:
“If one truth concerning economic crises has been established…it is that they are typically brought on by cheap money – i.e., low interest rate policies that encourage excessive borrowing, excessive credit expansion, imprudent speculation, and all the distortions and instabilities in the economy that these finally bring about… A policy of perpetual cheap money [produces] boom and bust, [not the perpetual quasi-boom that Keynes promised].”
A failed economic engine is not on a cyclical trajectory to recovery; it is on a linear course of total mechanical breakdown. Marxist central tinkering does not work. Keynesianism is soft Communism. Keynesianism does not work.
It is fascinating to watch this stuff unraveling in real time.
The basic interrelationships/dynamics you just described are pretty much laid out in the first two prints I put on offer: PhD Quack and Fiat Fornicatio.
All the macro-economic platitudes we are spoon fed in school are literally the components of a grand scheme. The dynamics of public and private debt and fiat money are initially difficult to get a handle on. No wonder, it is a big secret cloaked in all kinds of prepackaged unspeak. But once you see it, it is the red pill.
And those who are spreading the unpleasant truth are disparaged as luntic fringe and treated as subversives.
"It is fascinating to watch this stuff unraveling in real time."
Oh dear sire, everyone is on board, and each is a vital integral part of it all...in real time.
Every vote counts.
Your work is a great expression that adds to the co-creation of the unreality...every day.
Prolly the very best in visual combat.
Banzai!
Confiscation of private property. Does it ring a bell?
Are you talking about robbing Cypriot depositors or Northern European tax payers? Someone has to pay for the bailout. Making the Russians pay for their own bailout is fascism? And robbing Northern Europeans to save the Russkie oligarchs is what? Free market capitalism?
I have no problem with the orderly liquidation of failed banks.
However, I have a big problem when governments intervene by tampering with the priority of the capital structure and violating the cardinal principle of capitalism to protect private property rights from arbitrary confiscation. In a normal liquidation of a bank the bond and equity holders would be chopped before the deposit holders.
Moreover, I have no use for false promises that are reneged on arbitrarily. Deposit protection in Europe is now obviously a capricious farce.
This is what happens when you allow bailout musketeers to interfere with markets. Everything becomes a contortion. Just like TARP and AIG and yadda yadda are one big fucking contortion of moral hazard.
The notion that German taxpayers are bailing out yogurt farmers is another convenient propaganda tactic. The ones who are being bailed out are the stupid core financial insitutions that pissed all their muppet money searching for yield. They are quite efficaciously hiding behind their Muttis skirt.
Finally, I would like to point out that the minute you accept guilt by association or ethnic slander to form the main premise for justifying exceptions to the rule of law, you are well on your way to repeating what can only end in a burnt out bunker in Berlin.
I didn't write this script and as far as I am concerned it is an awfully shitty show.
Marxism advocated the elimination of private property rights. The words in that haircut poster are actually a play on his words.
Inverted Marxism: Socialism for the rich, capitalism for the poor. In other words, bailouts for banksters, austerity for the poor.
We all know that communism/Marxism does not have a monopoly on Central Planning, in face there seems to be an ongoing academic argument over whether Keynes advocated Central Planning.
As we now see, there is a perverse nexus between Marxism and bailout kapitalism; and seizing private property to protect banksters and institutional muppets from the core, is a poignant example.
Finally you will notice that the Euro coin has a bankster with a debt barcode Hitler mustache.
***Inverted Marxism: Socialism for the rich, capitalism for the poor***
Ok, I'm with you on this.
Excellent post, Bill, my overall favorite. Pure, simple eloquence from you and the King.
"Inverted Marxism" was not inverted at all. It was a real Marxism. It enriched the socialist narrow elite which have had unlimited resources, money, real estate, cars, jewlery, and anything they desire. Poor people, just to survive and stay afload, engaged in 'underground capitalism' which was illegal. They sold goods on the black market (selling stuff privately was illegal), they engaged in small craftsmanship, they tended their little garden plots and sold their harvest, they bartered.
Under Marxism the state owns everything and allows individuals to use some things like a state owned apartment. Private property claims are not just illegal, they are treasonous. Marxist governments always try to stifle religion because most religions say "thou shalt not steal" or words to that effect. This is a recognition of the existence of private property because if no one owned anything privately, nothing could be stolen. Marxists know that you can not be both a good Christian and a good Marxist, you can be one or the other but not both. Christians touting liberation theology are simply deluded or frauds.
Nomenklatura, nomenclature...the point is there two classes, the rulers who get theirs anyway they feel like, and the proles who get hit over the head and are constantly told they must pay up like good capitalists or else the system will implode.
Oh what a world ;-)
At last people begin to see it clearly.
Whether it was a dacha on the Black Sea coast far from the mud & straw hovels of the peasant or a McMansion in the Hamptons far from the public housing of Chicago...the ruling elite have always used the government (and false passion) to further enrich themselves.
To me, there is nothing more hysterically funny than a Warren Buffet pontificating on the merits of tax reform or a Michael Moore waxing eloquent on diet & exercise or Joe Biden instructing the masses on the finer points of home defense.
Prolly jus me tho ;-)
outright theft or silently through inflation it all produces bankers bonus's the same.
John Maynard has been workin' out. Hottie!
Marxism = Banksterism + the decoy of class struggle
Damn that Internet!
http://www.youtube.com/watch?v=kBY6pF42I-c
WB7:
Superb graphics. My meager demand deposits will go to the "mattresses" tomorrow. I'll transfer enough to take care basics until I can go off grid entirely.
Is that the hand of the peoples reaching up for help from the feetsies?
ROh roh, is there something else afoot Mr WB7?
"The National Government are pushing a Cyprus-style solution to bank failure in New Zealand which will see small depositors lose some of their savings to fund big bank bailouts, the Green Party said today."
“The Reserve Bank is in the final stages of implementing a system of managing bank failure called Open Bank Resolution. The scheme will put all bank depositors on the hook for bailing out their bank."
“Depositors will overnight have their savings shaved by the amount needed to keep the bank afloat."
“While the details are still to be finalised, nearly all depositors will see their savings reduced by the same proportions."
“Bill English is wrong to assume everyday people are able to judge the soundness of their bank. Not even sophisticated investors like Merrill Lynch saw the global financial crisis coming."
http://www.scoop.co.nz/stories/PA1303/S00306/national-planning-cyprus-st...
Is this how fast this kind of thinking can spread, or is it just another testing 1...2...3 to see how people will react to the actions?
Open Bank Resolution?
Smells like a tax to anyone who can smell.
Cyprus II?
And why is the rothschild news playing this up?
Qui bono?
http://www.reuters.com/article/2013/03/19/us-cyprus-parliament-idUSBRE92...
Crisis? No crisis here bozz.
All your stuffs are ours.
Anytime. Anywhere on this Class M Planet.
"the Banksters."
Big ups LC55. LC is a cool place to be.
Stepping back from all the news about Cyprus, Spain, New Zealand, and wondering...is this all for reals?
Could all this bank haircut tax talk trigger other events?
It really remains to be seen if theses people who seem to be waiting to get to the bank will actually be taxed when they go to get their money...on Friday?
The sudden realization hits, even in the face of all the concerns here around bankster haircut taxes, it has not really manifested yet, has it?
Cue the twilight zone music please.
Here is moar:
"Even the Economist magazine has denounced the money grab in Cyprus as “unfair, short sighted and self defeating.” Want to trigger a run on the banks right across Europe? Plan to steal money from depositors, and give it to bankers."
What did he say?
http://gordoncampbell.scoop.co.nz/2013/03/20/gordon-campbell-on-the-offi...
"Ultimately, Labour’s shadow Finance spokesperson David Parker has reportedly come up with the idea of exempting the first $30,000 of deposits in the event of an emergency bank bailout – as apparently, they do in Australia.
In the event of an emergency bank bailout? Like...is this an inside racket thing and they are planning on something everybody knows is coming?
Bankster wars...go figure.
Cyprus shows the bottom line. It’s total control of private property by the bankers.
Here’s Keynes, who described himself as “a leveler”:
“We have reached a stage in the evolution of money when a ‘managed’ currency is inevitable, but…[this is best entrusted] to a single authority…with [the] plenary wisdom [and] scientific management…[of] a supernational authority.”
Here’re the ingredients of the Cyprus soup recipe:
The Bankers (the Fed and its auxiliary – the Troika)
The Keynes’ practitioners (Bernanke et al)
Communism
The Jewish oligarchs.
Not Jewish?
Here’s Dmity Rybolovlev, a Jewish Russian and stakeholder in the Bank of Cyprus and a leading exporter of Cyprus wealth to himself: “Grandson of one of Russia’s original Bolsheviks “who attended the Perm Medical Institute, studying medicine, but after graduating in1990, he entered the fertilizer business. In 1994, named chairman of the board of Uralkali, Russia's largest producer of potassium fertilizers, founded by the Soviets in 1930. Cancelled a planned 2006 listing of the company's shares in London, but 2007 brought vindication. The listing, the first by a Russian chemicals company, raised $1 billion. He owns 66% of the Uralkali. Basically he is one of 50 Zionists that stole Russia in 1993. Article -- http://servv89pn0aj.sn.sourcedns.com/~gbpprorg/judicial-inc/811russian_oligarch_palm_beach.htm)
Here’s the mix from Wolf Richter of www.testosteronepit.com this past September on Zero Hedge:
“Cyprus needs the moolah now. It’s already raiding internal accounts and slowing disbursements to keep the lights on. And there’s hope. Apparently, the Russian government just approved a €5 billion loan—but not out of the goodness of its heart. In October 2010, Russian President Dmitry Medvedev went to Cyprus to scratch the backs of Russian expats and the Cypriot elite. Cypriot President Dimitris Christofias, a communist, and educated in Russia, was there also. Turns out, the first half of that year, tiny Cyprus had been the largest foreign investor in Russia, ahead of the Netherlands, Luxembourg, and Germany. It wasn’t Cypriot money flowing into Russia. It was Russian money flowing back. Russian companies have long established their headquarters in Cyprus to benefit from its status as a tax haven, a trend that picked up when Cyprus acceded to the EU and then the Eurozone. According to the Russian Embassy in Cyprus, via Kathimerini: In the last five years alone, the Russian economy has seen Cypriot investments of over $52 billion, of which $41.7 billion was invested in the 2007-10 period, or 2.7 times more than German investments in Russia in the same period. At the same time, Russians are investing in Cyprus, among them businessman Dmitry Rybolovlev who bought a 10% stake in Bank of Cyprus, which is getting bailed out. And the offshore natural gas resources have attracted a slew of Russian companies. And all that chaos in Europe? Won’t it further demolish the US economy? Not quite. Read.... Europe Funds The Last Ponzi Game Standing, by Lee Adler.” -- Wolf Richter www.testosteronepit.com
http://www.zerohedge.com/contributed/2012-09-06/bankrupt-cyprus-and-russian-connection
Here’s the dash of EU Communism, from Agence France-Presse in February 2008:
“CYPRUS communist leader Demetris Christofias took a major step forward in his presidential bid overnight winning the endorsement of the island's third party despite differences over the pace of peace talks with the Turkish Cypriots…the Soviet-educated Mr Christofias would become the European Union's only communist head of state. Just over 16 years after the Soviet Union's collapse, former Soviet Moldova is currently the only European state with a communist president.”
Here's the sprinkle of red cayenne:
“ The EU Commission, the executive body of the EU, is reported to have no less than 11 out of 27 commissioners either current or former communists.” - An Iron Fist has come down on Europe - Nigel Farage
ditto Merkel: former E. German apparatchik.
A protestor in Cyprus used the Euro flag theme to create a Swastika of yellow stars against a blue background - an R.T. interview with Nigel Farage showed it.
Made me think of your work WB7.
Euro-Swastika is at 2:34, entire video 5:04.
Video here: http://www.youtube.com/watch?v=JMf_KwQ2Xlk
No surprise, given the psycho sun worshippers in play...plus March 21 approaches...followed by 322
Mr. Natural, Flakey Floont and the Sewer Snoids would clean up the EU in no time!
Great stuff as usual WB7!
before voting in Cyprus Parliment
http://t.co/lRKlzaTjpU
tr: "do you really, really want to press down the gas peddle and get blown thru the roof?"
Love the Lululemon see-through flag!
well i would put Bernanke where Marx is, just to complete the process (God is Dead - Long Live God; Marx is Dead - Long Live Marx) render unto Caesar - of making all things secular. The Euro is really a Trillion Dollar Platinum Coin, [really it is] and the gold stars are Fiat Currency, and the grasping hand is a crashed helicopter (probably still in the jungle in Nam)
Europe is the past and not the future, put God (Bernanke) in the place of Man and Draghi on high with his Eurocrat arch angels. Twilight of the Financial Gods or Is This the End of Rico? - Rackateering in the guise of Politics - Politics is dead, long live Politics) Okay feeling a bit convulted today. Wmb7 has turned my brain cells around.
Fuck Ceasar, Marx, Bernanke...etc. and all of the devils spawn. In the bigger picture, your life is just a blink in time. We all choose and serve our purpose. Societies come and go, righteousness and the human spirit are indestructable. If you wan't good fortune in your life, place your heart on the side of truth and the universe will shift to align with you, yes you really do have that kind of power. To most, you will be seen as lucky and fortunate.
Roger that!
What's a secret of life? Preparing for the next...one day at a time.
Lay up well your treasures where they count the most.
Baby don't cry, baby don't cry
https://lh3.ggpht.com/-bps-KFrbk14/UUh48CZmd3I/AAAAAAAAD5k/cg0ki1Z33BA/s1600/merkel+2.jpg
http://youtu.be/HvSMtTvjvwY?t=10s
or
don't cry for me Argentina (she meant to make Cyprus Argentina like)
http://youtu.be/WxPSToloHtw?t=2m18s (I prefer old one instead of "artificial" madonna)
If Mutti ain't happy, ain't nobody happy.
As a friend once heard in a Detroit radio station ad for a stereo shop back in the 70s:
"Credit? Fo-geddit! You got it, you get it."