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Guest Post: The Deeper Meanings of Cyprus

Tyler Durden's picture




 

Submitted by Charles Hugh-Smith of OfTwoMinds blog,

The deposit-confiscation "bailout" of Cyprus reveals much about the Eurozone's fundamental neocolonial, neofeudal structure.

At long last, Europe's flimsy facades of State sovereignty, democracy and free-market capitalism have collapsed, and we see the real machinery laid bare: the Eurozone's political-financial Aristocracy will stripmine every nation's citizenry to preserve their power and protect the banks and bondholders from absorbing losses.

The deposit-confiscation "bailout" of Cyprus confirms the Eurozone's fundamental neocolonial, neofeudal structure and the region's political surrender to financialization.

The E.U., Neofeudalism and the Neocolonial-Financialization Model (May 24, 2012)

Let's list what Cyprus reveals about the true state of financial-political power in Europe:

1. The Core-Periphery terminology masks the real structure: the E.U. operates on a neocolonial model. In the old Colonialism 1.0 model, the colonizing power conquered or co-opted the Power Elites of the periphery regions, and proceeded to exploit the new colonies' resources and labor to enrich the Imperial core.

In Neocolonialism, the forces of financialization (debt and leverage controlled by State-enforced banking cartels) are used to indenture the local Elites and populace to the financial core: the peripheral "colonials" borrow money to buy the finished goods manufactured in the core economies, enriching the Imperial Elites with A) the profits made selling goods to the debtors B) interest on credit extended to the peripheral colonies to buy the core economies' goods and "live large", and C) the transactional skim of financializing peripheral assets such as real estate and State debt.

In essence, the core banks of the E.U. colonized the peripheral nations via the financializing euro, which enabled a massive expansion of debt and consumption in the periphery. The banks and exporters of the core exacted enormous profits from this expansion of debt and consumption.

Now that the financialization scheme of the euro has run its course, the periphery's neocolonial standing is starkly revealed: the assets and income of the periphery are flowing to the core as interest on the private and sovereign debts that are owed to the core's central bank and its crony money-center private banks.

This is not just the perfection of neocolonialism but of neofeudalism as well. The peripheral nations of the E.U. are effectively neocolonial debtors of the core (quasi-Imperial) banks, and the taxpayers of the core nations (now reduced to Germany and The Netherlands) are now feudal serfs whose labor is devoted to making good on any bank loans to the periphery that go bad.

Though we can term the E.U. a plutocracy or oligarchy, the neofeudal structure compels us to distinguish a class of those holding wealth and political power that is not limited to national border: this is an Aristocracy.

Serving the Aristocracy is a well-paid technocrat class of factotums, lackeys, toadies and enforcers. Below this well-compensated caste of technocrats is the larger class of debt-serfs, enslaved to interest payments on either their own debts or the debts of others, and bound by their class powerlessness to protecting banks and bondholders from losses.

Cyprus merely adds an expropriation twist to this well-oiled plunder: deposits will be expropriated directly to insure no Imperial (core) banks or bond holders lose money on their absurdly risky loans to periphery nations and serfs.

2. This is a supranational plunder. While commentators can wile away years debating how much Germany benefited from the euro, the real core is not national, it is supranational banks and the political machinery of the E.U. the banks have effectively captured.

The citizenry of Germany may approve or disapprove of the Cyprus expropriation, but it doesn't matter either way: their own serfdom to banks and bondholders is simply being masked: the bailouts of periphery nations are transparently bailouts of core banks and bondholders.

The nation-states of the neocolonial periphery are simply convenient propaganda placeholders, useful misdirections aimed at the naive and sentimental, hollowed-out national structures propped up to mask the ugly neocolonial reality of servitude and plunder.

3. Democracy is a fiction when no matter who you vote for, the banks and bondholders win control of the national income stream and private wealth. Democracy in Europe is a travesty of a mockery of a sham, an absurd play which is acted out as a form of blood-sport circus to distract the masses from their powerlessness and debt-serfdom.

Democracy is a fiction when the policies protecting banks and bondholders from losses remain in place regardless of which political party, coalition or politico is nominally in power.

The German taxpayers' private wealth is being expropriated via taxes to bail out core banks and bondholders; how is this any different from the blatant expropriation of private assets in Cyprus?

It is only a difference in technique; the result is the same: the forced transfer of wealth from those who earned it from their labor to banks and bondholders which in a truly capitalist economy would be immediately forced to absorb the losses of their leveraged, highly risky bets.

4. The ideological fiction of capitalism is dead in Europe. Capitalism is a fiction if capital that is placed at risk for a return cannot be lost.

5. Cyprus is a test to see how blatant the expropriation of private assets can become without triggering overthrow and revolution. If the furor dies down soon enough, then the same technique of expropriation will be imposed elsewhere. If the reaction is sustained and threatening to the Aristocracy, other less blatant expropriations will be tested in other neocolonies.

6. Divide and conquer is the propaganda order of the day. The Power Elites are attempting to set the serfs of the periphery against the serfs of the core, the goal being to keep both sets of serfs from realizing they are equally indentured to the core's pathological political-financial Aristocracy.

 

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Mon, 03/18/2013 - 14:04 | 3343405 A Lunatic
A Lunatic's picture

Unarmed = Serf. Same as it ever was, bitchez.............

Mon, 03/18/2013 - 14:07 | 3343425 Irelevant
Irelevant's picture

I have only one question, why didn`t they announce it post factum? There, we took 10%, now go fuck yourself. Why did they want to create panic? Have banks closed for 3 days? All the circus on the MSM?

Is the COMEX defaulting this week?! Because this Cyprus staged circus, with the president telling us how insolvent and broke the banks in CY were, and how this 10% levy was going to rescue the other $100 billion spent on Greek bonds is a huge false flag me thinks.

Mon, 03/18/2013 - 14:08 | 3343427 The Juggernaut
The Juggernaut's picture

7.  This is and will be a bank run.  Plan and simple.

Mon, 03/18/2013 - 14:16 | 3343463 pods
pods's picture

Sometime on Wednesday, right after they say the banks will not open, you will hear:

And...........It's gone.  Poof.

pods

Mon, 03/18/2013 - 14:23 | 3343497 Irelevant
Irelevant's picture

There is no doubt in my mind all the money is already gone.

(Reuters) - Banks in Cyprus will be shut on Tuesday and Wednesday pending a decision by parliament to approve a levy on bank depositors, a government source told Reuters.

"Tuesday and Wednesday are bank holidays," the source said. A decree will be released shortly from the Finance Ministry to this effect, he said.

How stupid can you be to tell a panicked crowd, whose money you hold, that you are keeping the banks closed 1 day, sorry one more day, sorry still closed, sorry try tomorrow...

The banks in Cyprus are dead and not to reopen EVER. Because if they reopen they will go insolvent in the first minute of business, so all the money is gone by now, but hope remains that sometime in 2025, upon opening said banks, only 10% of your money will be nationalized.

In Cyprus they will open NEW banks. With 0 deposits, SOLVENT! Voila, solved. In this day and age banks don`t go broke, they stay closed!

Mon, 03/18/2013 - 14:28 | 3343525 negative rates
negative rates's picture

Take care of the minutes, for the hours will take care of themselves

Mon, 03/18/2013 - 14:36 | 3343583 TerminalDebt
TerminalDebt's picture

Fictional Fractional banking means they hold less than 10%, when they hand over that 10% to Merkel they have nothing left for anyone.

Mon, 03/18/2013 - 14:54 | 3343594 Irelevant
Irelevant's picture

According to the Cypriot Constitution (art. 24/3) No tax, duty or rate of any kind whatsoever shall be imposed with retrospective effect. So much for constitutional law in the EU I guess. Its theft either way, why not just take the money and pass the law afterwards?

Besides that, why panic $100+ billion in exchange of a mere EUR 5BN?

Why keep the banks closed for 3 days, generating panic?

To many questions, to dumb for a plan!

Better yet, if they pass the law saying we will take 10% and it goes in effect without retrospective effect, why did they suspend bank activity until passing the law? No such measure has the chance to be upheld in court. I will make a educated guess :) the banks in Cyprus will never reopen in this form. NEVER. Locals will be reimbursed for a portion of the money, but all those black mob money are gone forever. Dimitri is going to be very upset.

Even better, the banks are commercial entities under the law, they are not state owned or operated, they are liable and would most likely lose in court for not opening and not respecting contracts which guarantee full access to deposits and the deposits in full. The banks are fucked either way, they will not reopen, ever.

Mon, 03/18/2013 - 15:32 | 3343946 Panafrican Funk...
Panafrican Funktron Robot's picture

Manufactured liquidity crisis.  The EU monetary "disunion" is a perfect vehicle for wealth transfer.  Consider, just like with Greece, the "behind the headline" transfer of public assets to private hands (part of this current deal).    

Mon, 03/18/2013 - 14:43 | 3343630 franzpick
franzpick's picture

Or, they open the banks Thurs. but then announce withdrawal limits of X% per month, at which point they have established the usurpation tactic while preserving the deposit base.  And/or: they allow withdrawals beyond any new monthly limit, subject to further discounts.

I am terrified to think of what new vistas this has opened up in discussions starting to take place now at the White House, and to think about hearing GoBombEm's announcement of his "fair and balanced" u.s. version of the Cyp confiscation.

 

Mon, 03/18/2013 - 14:52 | 3343691 Momauguin Joe
Momauguin Joe's picture

Anybody hear from Simon Black in the past 48 hours or so?

Mon, 03/18/2013 - 15:10 | 3343802 PERSAE
PERSAE's picture

Nasty.  Wicked nasty. 

+~

Mon, 03/18/2013 - 15:11 | 3343807 Muddy1
Muddy1's picture

Yes, as a matter of fact.  He's standing in line at a bank in Cyprus hoping to get his money back and hoping to empty the safe deposit box at the same bank.  You see, he followed his own advice and had money squirreled away in foreign banks.

Mon, 03/18/2013 - 15:34 | 3343958 Panafrican Funk...
Panafrican Funktron Robot's picture

He'll probably claim some shit like "my core assets are in Singapore".  Yeah, good fuckin' luck getting at those assets when the SHTF there too.  

If you don't hold it, you don't own it.  Period, end of story.  

Mon, 03/18/2013 - 20:35 | 3345235 teahouse
teahouse's picture

yeah... he posted something....

Mon, 03/18/2013 - 14:26 | 3343511 negative rates
negative rates's picture

This has the look of an aristocratic ponzi to it.

Mon, 03/18/2013 - 15:08 | 3343781 Muddy1
Muddy1's picture

@pods,

Where is Jon Corzine these days?

Mon, 03/18/2013 - 23:27 | 3345765 cornflakesdisease
Mon, 03/18/2013 - 14:18 | 3343476 kaiserhoff
kaiserhoff's picture

Exactly so.  These people are so smug and smart, until the unintended consequences bite them in the ass.

Prediction:  Broken windows and broke bankers ---  Bullish

Mon, 03/18/2013 - 14:29 | 3343534 JamesBond
JamesBond's picture

Prediction -

Obama will be coming to tax your bitcoin accounts.  Word.

 

jb

Mon, 03/18/2013 - 14:26 | 3343509 McMolotov
McMolotov's picture

This is and will be the end of the concept of private property, at least for us proles. If the assholes in charge can reach into your bank account with government approval and take a slice for themselves and their friends, they can take absolutely anything they want from you.

The line should have been drawn long ago on a variety of issues, but if people don't stand up and draw a line in the sand right now, the thieves will be emboldened to make their future theft even more brazen. They'll be back to take everything we have.

Mon, 03/18/2013 - 14:28 | 3343529 Chupacabra-322
Chupacabra-322's picture

"Forget the politicians. The politicians are put there to give you the idea that you have freedom of choice . . . you don’t. You have no choice. You have owners. They own you. They own everything. They own all the important land. They own, and control the corporations. They’ve long since bought, and paid for the Senate, the Congress, the state houses, the city halls, they got the judges in their back pockets and they own all the big media companies, so they control just about all of the news and information you get to hear. They got you by the balls. They spend billions of dollars every year lobbying . . . lobbying, to get what they want . . .

Well, we know what they want. They want more for themselves and less for everybody else, but I’ll tell you what they don’t want . . . they don’t want a population of citizens capable of critical thinking. They don’t want well informed, well educated people capable of critical thinking. They’re not interested in that . . . that doesn’t help them. That’s against their interests. That’s right. They don’t want people who are smart enough to sit around a kitchen table and think about how badly they’re getting fucked by a system that threw them overboard 30 fuckin' years ago. They don’t want that. You know what they want? They want obedient workers . . .

Obedient workers, people who are just smart enough to run the machines and do the paperwork. And just dumb enough to passively accept all these increasingly shittier jobs with the lower pay, the longer hours, the reduced benefits, the end of overtime and vanishing pension that disappears the minute you go to collect it, and now they’re coming for your Social Security money. They want your fuckin' retirement money. They want it back so they can give it to their criminal friends on Wall Street, and you know something? They’ll get it . . . they’ll get it all from you sooner or later cause they own this fuckin' place.

It’s a big club and you ain't in it. You and I are not in The big club. By the way, it’s the same big club they use to beat you over the head with all day long when they tell you what to believe. All day long beating you over the head with their media telling you what to believe, what to think and what to buy. The table has tilted folks. The game is rigged and nobody seems to notice. Nobody seems to care. Good honest hard-working people . . . white collar, blue collar it doesn’t matter what color shirt you have on. Good honest hard-working people

continue, these are people of modest means . . . continue to elect these rich cocksuckers who don’t give a fuck about you. They don’t give a fuck about you . . . they don’t give a fuck about you.

They don’t care about you at all . . . at all . . . at all, and nobody seems to notice. Nobody seems to care. That’s what the owners count on. The fact that Americans will probably remain willfully ignorant of the big red, white and blue dick that’s being jammed up their assholes everyday, because the owners of this country know the truth. It’s called the American Dream cause you have to be asleep to believe it . . .”

 

 

-George Carlin – “It’s a big club and you ain’t in it.”

Mon, 03/18/2013 - 14:33 | 3343569 negative rates
negative rates's picture

Well George, hard working people in a soft economy, don't mix well.

Mon, 03/18/2013 - 14:40 | 3343597 Pseudo Anonym
Pseudo Anonym's picture

who are the "they", the "owners" you refer to?  cant you not be more specific or you just dont know because it's "they"?

Mon, 03/18/2013 - 15:23 | 3343890 daveO
daveO's picture

Look at the banksters for your answer. Ben Shalom Bernanke, for one. Poilticians are just their hired hands. 

Mon, 03/18/2013 - 15:38 | 3343989 Panafrican Funk...
Panafrican Funktron Robot's picture

They:

http://www.bbalibor.com/panels/dkk

Generally, if you control even the Danish fucking kroner, you are "they".

  • Barclays Bank plc
  • Deutsche Bank AG
  • HSBC
  • JP Morgan Chase
  • Lloyds Banking Group
  • The Royal Bank of Scotland Group

Mon, 03/18/2013 - 20:03 | 3345137 Everyman
Everyman's picture

"I think we are gonna need a lot more bullets!"

 

Oh, wait, that is why DHS bought up all the ammo!

Mon, 03/18/2013 - 15:49 | 3344068 saucy
saucy's picture

First of all you're asking George Carlin? He's dead man. Second, if you don't know who they are you aren't one of them so get over it. Stupid fucking question.

Mon, 03/18/2013 - 15:55 | 3344097 illyia
illyia's picture

That was his best piece. A man way, w-a-y ahead of the game.

Ha. Ha. Ha. Tragic that he is no longer here. He would have too much to say.

Mon, 03/18/2013 - 16:42 | 3344350 smlbizman
smlbizman's picture

hes still here....he just speaks italian now......

Mon, 03/18/2013 - 14:30 | 3343543 negative rates
negative rates's picture

A gvt big enough to give you everything you want, is strong enough to take everthing you have. T.J.

Mon, 03/18/2013 - 15:15 | 3343836 Muddy1
Muddy1's picture

"If the assholes in charge can reach into your bank account with government approval and take a slice for themselves and their friends, they can take absolutely anything they want from you."

IF????  IF?????  Whaddaya mean IF???  All together now, MF Global

Mon, 03/18/2013 - 14:28 | 3343522 Jonas Parker
Jonas Parker's picture

If it's not a bank run all over Europe, the sheeple in Europe are completely asleep!

Mon, 03/18/2013 - 14:11 | 3343440 wee-weed up
wee-weed up's picture

The liberal MSM in the US are doing their best to try to ignore what is happening in Cyprus.

Mon, 03/18/2013 - 14:18 | 3343454 Momauguin Joe
Momauguin Joe's picture

Speaking of which,

Young Thai bitches are hotter than fat old bitches, bitchez.

Mon, 03/18/2013 - 14:33 | 3343562 LFMayor
LFMayor's picture

you getting that ad too?  It's a damn good thing I'm poor, it forces impulse control, because if I even thought I had enough money I'd call them up and tell them to send the lot.

Mon, 03/18/2013 - 14:43 | 3343631 Pseudo Anonym
Pseudo Anonym's picture

oh,

Young Thai bitches

not the ones with syphilis, right?

Mon, 03/18/2013 - 14:56 | 3343716 Momauguin Joe
Momauguin Joe's picture

Not much of a choice is it, between the foreign syphillis, TB and God knows what else vs. the domestic aged pudgy yeast infected ground beef.

Mon, 03/18/2013 - 16:18 | 3344231 Meat Hammer
Meat Hammer's picture

Thai bitches are hot....except for their male genitalia.

Mon, 03/18/2013 - 15:05 | 3343761 Not Too Important
Not Too Important's picture

They're also doing their best to ignore Fukushima losing all power, preventing any water cooling or replacement, and they most likely had fuel fires (whatever is left) start after about 5-6 hours.

They don't have any water to put out those fires, and TEPCO says it may take 4 days to fix the power problem.

And really, once the fires start, humans can't go on site anyway.

You think Cypress has a problem? The US is about to get slammed.

Mon, 03/18/2013 - 18:31 | 3344760 Matt
Matt's picture

3 out of 7 spent fuel ponds without circulation for several hours. That is not good:

http://www.ctvnews.ca/world/fukushima-without-cooling-water-for-3-hours-...

Oh, but the Japanese have successfully extraced Methane clathrate from the bottom of the ocean, so they may have a domestic source of natural gas soon:

http://www.ctvnews.ca/sci-tech/world-s-first-japan-extracts-fire-ice-fro...

Mon, 03/18/2013 - 14:19 | 3343480 Westcoastliberal
Westcoastliberal's picture

These banksters/politicos would fuck up a wet dream.  That's your answer.

Mon, 03/18/2013 - 17:57 | 3344640 They_Live
They_Live's picture

The British extended the traditional August bank holiday before ww1 to print and distibute a new fiat currency no longer backed by gold. http://en.wikipedia.org/wiki/War_bond#United_Kingdom.

Cypriots, do you know where your gold is?

Mon, 03/18/2013 - 19:37 | 3345017 Frankie Carbone
Frankie Carbone's picture

So you think that Cyprus might actually consider going off of the gold standard? LOL

Mon, 03/18/2013 - 23:32 | 3345773 cornflakesdisease
cornflakesdisease's picture

I believe, like Greece, it's collateral.

Mon, 03/18/2013 - 23:50 | 3345802 JOYFUL
JOYFUL's picture

I see as of this moment Chas, 16,666 pairs of eyeballs, have read this piece. Interesting number.

None of them apparently have any problem with the thesis you enunciate...so let me step in...

The ideological fiction of capitalism is dead in Europe. Capitalism is a fiction if capital that is placed at risk for a return cannot be lost.

Capitalism is a fiction of "capital"...invented to replace the 'risk for return' entrepreneurial traits of traders and producers with the theory that an upper crust of parasitic moneychangers can insert themselves into the interplay between land, labor, and trade without harm to both the social fabric and the ability of markets to function as real arbitrators of that interplay.

Failing to understand the fiction of capitalism places the rest of your thesis in terminal fail mode. This is the moment of 'capitalisms' denouement and highest stage...when state and monopolistic cartels merge into an uber-criminal class which needs no longer hide itself behind the veil of 'democracy' or the rule of law.

PILLAGE is the religion of capitalism...and the myth of social democracy is the opiate of the people it preys upon.

Weishaupt, Mazzini and Pike and Hughes-Smith...mouthpieces of the kabbalistic konspirators who kreated 'kapitalism.'

Mon, 03/18/2013 - 14:19 | 3343478 bank guy in Brussels
bank guy in Brussels's picture

We actually have plenty of guns in Europe, and there are plenty of home civilian loaded firearms in Cyprus and Greece too

Perhaps about 100 million privately owned civilian European guns, especially concentrated in Western Europe

Huge number of Greek and Cypriot families have long guns, especially shotguns

The 300 million firearms in the USA do not seem to have prevented America from going fascist ... with 2.3 million prisoners in the US concentration camp gulag, and constant theft of assets via corrupt US courts and lawyers, and things like MF Global, Peregrine and Sentinel bank confiscations ... and now guns getting confiscated in California etc.

In fact we Europeans are much better and effective at street demonstrations, political general strikes shutting down an entire country, and political rioting ... in the USA people fear the 20-year prison sentence for 'terra-rism' so they stay at home with their guns no matter how bad it gets

We have real political revolutions in Europe unfolding, like with Beppe Grillo in Italy ... this theft of bank deposits in Cyprus by the European Commission, will intensify those populist revolutions

So don't think Americans are the only ones with 'guns' ... we Europeans just bluster and brag about them less, we know it is the last resort against the Nazis and fascists, with whom we have some very valuable experience ...

Facts of gun ownership and policies in countries around the world:
http://www.gunpolicy.org/

Mon, 03/18/2013 - 14:33 | 3343570 LFMayor
LFMayor's picture

Shit, we just ain't played Metroseckshuls vs. Rednecks yet.  

Wait for it...

Mon, 03/18/2013 - 15:13 | 3343822 Binko
Binko's picture

Good point, Bank Guy. Americans are too scared and too stupid to hit the streets. Instead they stay home, fondle their guns and shoot off their mouths. At least Europeans still know how to protest.

What do all these Americans with lots of guns imagine will happen when things get really bad? Do they think that thousands of citizens with guns will band together in some kind of organized militia and fight for positive change? That's the most laughable thing I've ever heard. People will just hunker down, protect their own and blast away at their neighbor.

We saw what happens to protesters in America when the Occupy movement actually tried to get out and protest. You may agree with Occupy or disagree with Occupy but, either way, you should be scared shit-less at the way they were beat down and marginalized.

You want to protest in America? Here, you can walk quietly down this one street in this one direction for exactly this much time and if you deviate from the rules the great seething angry mass of militarized police will rip into you and toss you into the maw of our twisted "justice" system where walking wrong can get you charged with a dozen different felonies.

Mon, 03/18/2013 - 15:55 | 3344094 LFMayor
LFMayor's picture

"Occupy" was a protest?  I thought it was just some hygenically challenged beatnik sleepover.

Protests are worth about a squirt of piss in a forest fire.  Just like emailing, calling or writing your congressman.  Or voting for or against the motherfucker, for that matter.  It's all just a form of self gratification to make you feel like you DID YOUR PART, CITIZEN.

Out here in flyover, there are lots of gats n shit that have been bought.  Still flying off the shelves, when a trickle arrives to be sold.  Rednecks are busy, casting wheel weights, pulling the handles on RCBS, Dillon and Lee machines, steadily cranking out things that go bang.

Just because your TV hasn't been loaded with images of "protestors" for your gratification doesn't mean shit's not being stacked up.  These are hunters, they sit their ass motionless in the worst kinds of weather just for the small hope of committing some violence.

They wait for the shot, not your plaintive Feman whining.

Mon, 03/18/2013 - 23:35 | 3345781 cornflakesdisease
cornflakesdisease's picture

I overflowing Wal Mart Toilet, (yes, that's me).  I prefer small suttle ways to protest.  The huge trail of fruit punch at Target?  Me again.

Mon, 03/18/2013 - 15:42 | 3343957 Archduke
Archduke's picture

sort of.

in some countries europeans own shotguns.
practically no one owns long range long rifles.
france for example bans any military cartridge,
which pretty much rules out most .30 cal.

Mon, 03/18/2013 - 15:56 | 3344104 saucy
saucy's picture

Yeah right dude. I live in Europe and wanted to get a gun. I live in the EU country with the most liberal gun ownership laws. Let me tell you it's easier to cure cancer than get a fucking firearm here or anywhere in the EU. You even need a note from a doctor to get one! I've got 6 guns back in the U.S. Bought one of those bad boys at Walmart and took it home the same day. I haven't seen a firearms dept. at Tesco.

Mon, 03/18/2013 - 18:19 | 3344723 Kinskian
Kinskian's picture

The 300 million firearms in the USA do not seem to have prevented America from going fascist ... with 2.3 million prisoners in the US concentration camp gulag...

Can you still do hard time in a European prison for doubting the veracity of six million dead Jews in WWII? Are you going to argue that somehow this equates to Europeans having more freedom than Americans?

The US has many faults but we have yet to resort to putting people in prison based on their opinions or interpretations of events that took place seventy years ago. If we do start doing such a thing, our politicians will no doubt look to Europe for inspiration in drafting the legislation. 

You Europeans might have experience in standing up to "fascists", but you haven't had much success in shaking off the influence of the communists or the ones David Irving used to call "the traditional enemies of freedom".

Mon, 03/18/2013 - 14:06 | 3343410 krispkritter
krispkritter's picture

Title is appropriate: http://rt.com/business/cyprus-bailout-savings-protest-389/  

 

Stop, thief! is exactly what they should be yelling at the Bankers...either that or 'hang'em!'  "Whether it’ll actually work or whether Cyprus will erupt into riots is something we should see in the next few days.”

Mon, 03/18/2013 - 14:30 | 3343541 Jonas Parker
Jonas Parker's picture

I always liked "jump you motherfuckers" myself...

Mon, 03/18/2013 - 14:07 | 3343419 soopy
soopy's picture

Serf's up, bitchez!

Mon, 03/18/2013 - 14:28 | 3343521 Go Tribe
Go Tribe's picture

Nice.

Stick 'em up comes to mind as well.

Mon, 03/18/2013 - 14:07 | 3343423 pine_marten
pine_marten's picture

Since cutting government spending is the same as raising taxes in it's effects on an economy, it is telling the criminals we elect always choose to take more from the people. 

Mon, 03/18/2013 - 14:14 | 3343447 machineh
machineh's picture

Your new handle doesn't fool us, Kurgman.

Mon, 03/18/2013 - 14:24 | 3343504 pine_marten
pine_marten's picture

Hey - I would much rather see government cut to the bone and weather the insuing depression than have the pricks endlessly steal more money from the people.  What's your problem with that?

Mon, 03/18/2013 - 14:07 | 3343424 MsCreant
MsCreant's picture

The banks have colonized the globe in every sense of the word. Good post.

Mon, 03/18/2013 - 14:10 | 3343436 DoChenRollingBearing
DoChenRollingBearing's picture

Yes and yes.

 

BTW MsC, I meant NO OFFENSE the other day re Dr being a girl or femme fatale...  There is a, ahh, little something going on re the evil Krugman.

Mon, 03/18/2013 - 14:15 | 3343455 MsCreant
MsCreant's picture

None taken, I was joking too. Girls and particularly femme fatales (see my gun brandishing avatar) are way too cool to give the real Krugman credit for being like them.

Krugman parades around as a nice effigy, kind of like MDB. It looks like trolling but it is provacative, draws fire, creates discourse. If they stay in character, I approve.

Hope you and Mrs.DoChen are well. I suspect the answer is yes with you managing things.

Mon, 03/18/2013 - 14:32 | 3343556 DoChenRollingBearing
DoChenRollingBearing's picture

All OK, thanks!  Best wishes to you and yours as well.

Yes, you have many fans because you tote gun and cig, what's not to like?

Mon, 03/18/2013 - 14:46 | 3343650 Grimbert
Grimbert's picture

I reckon it really is Krugman. I know he's been on line before for webchats - 'Ask an economist anything' type of thing. I think coming on zh is the sort of thing he'd do. 

We should take the opportunity to educate him.

Mon, 03/18/2013 - 14:08 | 3343428 Seasmoke
Seasmoke's picture

3 days and counting without access to money.......Anyone in Cyprus Hungry Yet ????

Mon, 03/18/2013 - 14:36 | 3343587 negative rates
negative rates's picture

I will gladly pay you thursday, for a hamburger today.

Mon, 03/18/2013 - 14:50 | 3343676 TalkToLind
TalkToLind's picture

This is one comment I will clip and read anytime I find myself with more than a few thousand fiat notes in the bank.

Mon, 03/18/2013 - 14:09 | 3343429 DoChenRollingBearing
DoChenRollingBearing's picture

The time was yesterday for each of us to set up our own central banks!  Using real capital: gold!  

Who knows how much time we have?  A lot of time, or just days?  We cannot predict the future, time to plug the holes in our financial arks.  Reduce (or eliminate debt).  Have a few thousand FIAT$ there at home.  Buy and hold physical gold.  It is almost brain-dead not to do so...

EDIT:

Being armed is a good idea as well.

Mon, 03/18/2013 - 14:09 | 3343433 kaiten
kaiten's picture

No end of the world today? How boring.

Mon, 03/18/2013 - 14:10 | 3343434 Jeremy Roenick
Jeremy Roenick's picture

Bankers and politicians to the life boats first....  All you folks down in steerage, well, it was nice knowing ya.... 

Mon, 03/18/2013 - 14:10 | 3343435 Caviar Emptor
Caviar Emptor's picture

Bailout masquerade theme party at Tyler's tonight. You never know who might come! I'm wearing my Lehman sweatpants

Mon, 03/18/2013 - 14:23 | 3343498 pods
pods's picture

Will my MFG ball cap clash with my Enron fanny pack?

pods

Mon, 03/18/2013 - 14:26 | 3343508 MsCreant
MsCreant's picture

My costume leaves a trail of slime behind it, guess who I will be?

Mon, 03/18/2013 - 14:44 | 3343638 akak
akak's picture

You will have to be MUCH more specific than that!

The possibilities, as stated, are virtually endless.

Mon, 03/18/2013 - 23:15 | 3345730 StychoKiller
StychoKiller's picture

Spiderman towels ALWAYS make a fashion statement! :>D

Mon, 03/18/2013 - 14:11 | 3343438 hannah
hannah's picture

these countries elected politicians and those politicians voted to join the EU....so the people got (get?) what they deserve or wanted. they thought they would steal money from the 'other' countries but in reality, the banks took everyones money.

 

they are getting what the deserve now....eat shit and die.

Mon, 03/18/2013 - 14:24 | 3343502 pods
pods's picture

First they came for............

pods

Mon, 03/18/2013 - 14:30 | 3343540 hannah
hannah's picture

pudding..?...first they came for pudding?

Mon, 03/18/2013 - 14:40 | 3343577 SWCroaker
SWCroaker's picture

You might benefit from some serious introspection upon the role of an individual and the government that he finds himself existing under.  To blame individuals for the actions of a few at the top, given the complete lack of control that individuals can exert from below, is akin to faulting passengers on a crashed plane.  "They bought the tickets! They boarded the plane!  Die suckers!"

In the US, in our last election, I was offered the choice of Bad, or Worse.   Sort of like "which drink would you prefer?  Hemlock, or Cyanide?"   If I pick one, people assume I mean to do myself harm, and that the system works in offering me a choice of drinks.   If I abstain (I did), I am viewed as apathetic, rather than principled, and I deserve what I get for not participating.   So to claim that I "deserve" what I get either way is a rather harsh judgment.

Some diseases cannot be cured, and likewise some systems cannot be altered from within.   To condemn victims of situations not of their own devising as "deserving" is perhaps falling a tad short of your goal to exist as an enlightened human with something interesting to contribute...

 

Mon, 03/18/2013 - 15:30 | 3343935 hannah
hannah's picture

if you sit on your ass and do nothing...then you get what you get. does the world owe you something for doing nothing....? 'harsh judgement' from whom or what. you are owed nothing in this world. you reap what you sow........

 

enlightened human being....please. these peope are somehow enlightened or deserving of good things because they didnt act because they 'didnt have a choise'...MAKE A FUCKING CHOICE. THERE ARENT 2 CHOICES ...MAKE YOUR OWN...DO SOMETHING.

 

the world is full of do nothing pussies.....

Mon, 03/18/2013 - 14:13 | 3343445 Quinvarius
Quinvarius's picture

Europe is starting to become a much bigger problem than China.

Mon, 03/18/2013 - 15:16 | 3343843 pods
pods's picture

Nah, in Europe the PIGS are figuratively floating down the river

In China.................

pods

Mon, 03/18/2013 - 14:15 | 3343449 machineh
machineh's picture

'Democracy in the United States is a travesty of a mockery of a sham, an absurd play which is acted out as a form of blood-sport circus to distract the masses from their powerlessness and debt-serfdom.'

Fixed it for him ...

Mon, 03/18/2013 - 14:15 | 3343450 ebworthen
ebworthen's picture

Do your part - make a large cash withdrawal from your U.S. Bank Account today!

Mon, 03/18/2013 - 14:17 | 3343468 MsCreant
MsCreant's picture

On my to do list.

Mon, 03/18/2013 - 14:18 | 3343473 krispkritter
krispkritter's picture

Anyone else remember when you could get $12-1500 out of an ATM per day? Now it's $600 unless you call them up or go into a branch...

Already at my limits since Saturday and picked up my monthly PM allotment Friday...time to re-order!

Mon, 03/18/2013 - 14:39 | 3343606 SMG
SMG's picture

Why not just convert some to silver or gold.   Gainesville coins and tulving take bank wires.  Cash in the end is trash, especially in the world we live in.

Mon, 03/18/2013 - 14:37 | 3343589 TalkToLind
TalkToLind's picture

And buy some silver too.  Put yourself further away from this corrupt monetary system.

Mon, 03/18/2013 - 14:38 | 3343595 negative rates
negative rates's picture

Done.

Mon, 03/18/2013 - 16:27 | 3344280 Meat Hammer
Meat Hammer's picture

Done.  Long coffee cans and shovels.

Mon, 03/18/2013 - 20:34 | 3345229 TSA gropee
TSA gropee's picture

Done several weeks ago but saw the writing on the wall long before. Deposit less, stash more and diversify between metal, barterable goods and fiat cash. Hedge accordingly...

Mon, 03/18/2013 - 14:16 | 3343464 Blond Viking
Blond Viking's picture

The numbers that the Bundesbank does not want you to see, they’re too politically sensitive. The Italians and the French are actually richer than the Germans. Additionally, assets in Germany are very unequally distributed, the median fortune in the country is only 33.000 euros, which shows that a few people own a lot.

 

Wealth according to Credit Suisse, 2012

Country         Average fortune                 Median fortune

Luxemburg    215.000         119.000

France           206.000         63.000

Belgium        181.000         93.000

Italy               165.000         96.000

Austria          139.000         63.000

Germany       135.000         33.000

Netherlands 135.000         48.000

Ireland          118.000         47.000

Finland          113.000         57.000

Cyprus           87.000           31.000

Spain             81.000           41.000

Greece          70.000           28.000

Portugal        60.000           22.000

Malta            48.000           25.000

Slovenia        45.000           24.000

Estonia          21.000           11.000

Slovakia         19.000           11.000

 

Source (in Swedish):

 

http://www.di.se/artiklar/2013/3/18/italienare-rikare-an-tyskarna/

 

 

Mon, 03/18/2013 - 14:47 | 3343658 PontifexMaximus
PontifexMaximus's picture

old story, move on. therefore, the cyprus story is a nobrainer. italy can even survive without a gov., even better. therefore, ivory tower brussels decisions help only......the banksters breed, QED

Mon, 03/18/2013 - 14:19 | 3343481 Cacete de Ouro
Cacete de Ouro's picture

All Rise!
In Ireland a large majority are unmotivated. Not ignorant of the issues (as far as they can be), but just not bothered.. I say 'Fuck 'em'; there is only so much education one can give the masses. If they don't get it, how can they be harnassed in any wide spread uprising? They cannot; unless the debate is phrased differently; not my job..

Maybe someone who wants hos/her photo on some dingy pub wall in 2032. You're more than welcome.

I will be in Brazil, thank you very much...

Mon, 03/18/2013 - 14:23 | 3343492 Edward Fiatski
Edward Fiatski's picture

Babylon in the making. :)

Most Excellent article.

Hit with 99% accuracy on all points.

Mon, 03/18/2013 - 14:28 | 3343501 Jack Burton
Jack Burton's picture

I hate to say "I told you so", but when it comes to the EU, I have said just the same thing for years, even well before 2008. The nation state is simply a dog and pony show for the deluded masses. But wait, we know about the role of the EU as a dictatorship of the banks and bond holders, i.e. the rich and financial elites of Europe, some of which harken back to the aristocracy of old.  But there is another side to the EU, the side most of us interested in economies fail to recognize. But if you are say a typical UK taxpayer, you are familiar with the other side of the EU.

That other side is liberal by nature, it is made up of the the older folks who went through the social revolutions of the 60-70s. Now they are older and many hold positions of power inside the EU. What started as a justified movement to bring rights to women, and to end the second class citizenship of blacks and other non-whites in Europe has now moved on in the form of EU social dictatorship. It also serves the elites through it's free movement of labor inside the EU, allowing more competition in the jobs markets, driving down wages across the board. But more than that, it has morfed into a full blown anti white communist movement. Now that they have power, social liberals have gone power mad and revealed a deep seated racism against white Europeans. This is a long story, but at it's core lies "open borders" these borders are especially meant to be open to Africa and the Middle East. The EU liberals want, and get floods of immigrants into Europe and the aim is to make whites minorities in their own countries.

Now that may sound extreme, but the EU social communists have real power, they make real laws, and they enforce real open borders and demand that anyone from a non-white nation that can set foot in Europe, especially the UK, must be given all social benefits without ever working. Laws are enforced against whites that are communistic in nature and designed to make them afraid and silent.

The end game is for the EU to preside over a multi racial empire in which no group has any real power to stand up to the EU dictatorship. Whites have been too powerful a voting block, now that many places are packed with muslims and africans, the vote is all over the place.

These former hippies are now EU communists and rabid haters of European culture and race, they want it eliminated.

And before I am branded a racist nutjob, I am not against equal rights or against immigration in a legal controlled sense. "Open Borders" are demanded by the EU communists and they get them. This is one more reason for Europeans to destroy the EU before it destroys them. The UK is a model for what the EU is trying to do to all of Europe. Go visit Manchester some day and see the model society the communists of the EU have set up, it is fast becomeing a hell hole! Soon all of Europe will be the same.

Kill the EU, or they will kill you. That is my message to Europe!

Mon, 03/18/2013 - 14:29 | 3343533 Winston Churchill
Winston Churchill's picture

Kill the bankers AND the politicians before they kill you, might be more apt.

 

 

 

 

 

 

 

 

 

 

Mon, 03/18/2013 - 15:09 | 3343765 LostAtSea
LostAtSea's picture

might happen:

from Jim Sinclair on kingworldnews:

Sinclair:  “Taking Russian money is very foolish.  You have to understand the culture of the people you are dealing with.  The government leaders in Cyprus have no ability to protect themselves from the retribution of the former Russian KGB agents, including Putin himself.


The government leaders in Cyprus are trying to back-pedal right now in order to save their lives.  Let me say it again, they are trying to save their own lives.  Remember, ‘revenge is best served cold.’  This means the revenge never comes at the moment of the miscreant act.  But it will come in time.

 

But....if they are ex-KGB, then they probably already saw this coming and took protective measures....probably still pissed though.

 

Mon, 03/18/2013 - 15:06 | 3343769 Coke and Hookers
Coke and Hookers's picture

This is an accurate description - and this is precisely what's going on in the US as well. This is an alliance between collectivists who hate their own race and culture and the bankers - which has the same goal: Tyranny and breakdown of traditional society on all levels.

Mon, 03/18/2013 - 14:24 | 3343503 Lmo Mutton
Lmo Mutton's picture

Puppet show for the sheeple.

Now get back to stacking.

Mon, 03/18/2013 - 14:24 | 3343505 Waterfallsparkles
Waterfallsparkles's picture

Reminds me of when the Feudal Lords demanded more and more from their Share Corpers.  The Lords living large and the Share Cropers starving to death as they had to give such a large contribution to the Lord that they did not have enough to eat to survive.

Mon, 03/18/2013 - 14:27 | 3343506 Yardfarmer
Yardfarmer's picture

the transparency of the the banker and bondholder wars of attrition on the public is fully exposed with this calculated and long planned financial stratagem of confiscation of assets. it was foreshadowed quite openly with the various outright theft of allocated customer accounts at MF Global, Peregrine, and Knight Capital not ot speak of the organized ongoing and daily theft of the investments in gold and silver through the machinations of the bullion banks and the COMEX in collusion with the so called regulatory agenices and the IMF through their proxies at JP Morgan and foreign subsidiaries such as HSBC. unfortunately it is going to take more than this little curtain raiser to awaken people to the fact that the full scale international gang war of which the recent wars throughout MENA are a prime example. The destruction of Libya and the disaapearance of $144 billion in gold from the national coffers was followed in short order by the trumped up invasion of Mali by combined French and US forces with the expropriation of that Central African country's considerable gold resources.http://www.silverdoctors.com/jim-willie-france-us-liberating-mali-gold-t...

Mon, 03/18/2013 - 14:27 | 3343513 yogibear
yogibear's picture

Lock and load time beginning. Guess we will find out withing 2 years how loyal the US military is to the banksters. 

Will the US military shoot-to-kill against US citizens and against the US consitution which they were sworn to uphold?

Citizens vs banksters.

 

Mon, 03/18/2013 - 14:56 | 3343700 Diogenes
Diogenes's picture

"Revolution, bah. I can hire half the working class to kill the other half." - Jay Gould, 1879

They have been working for years to perfect methods of brainwashing soldiers into torturing and murdering, first foreigners, then Americans on foreign soil, and now Americans on American soil.

Mon, 03/18/2013 - 14:54 | 3343705 Uber Vandal
Uber Vandal's picture

Refer to the Bonus Army of the last Depression for a preview of how this is most likely going to play out.

https://en.wikipedia.org/wiki/Bonus_Army

 

Mon, 03/18/2013 - 22:31 | 3345604 Jake88
Jake88's picture

It will play out much more violently in the present police state in which any citizen can under the NDAA be declared a national security threat and be imprisoned indefinitely without due process. People will think twice before demonstrating and when they do it will be for keepsies.

Mon, 03/18/2013 - 14:27 | 3343514 PAWNMAN
PAWNMAN's picture

Was wondering all weekend if the Cyprus situation would turn out to be the catalyst to send markets plummeting once again. Turned on CNBS and felt my fears instantly vanish. What a calming voice of reason Steve LIESman is to point out not to fear, our ever vigilant Fed is here to insulate us from any transatory issues in the EU. As if on cue the algos once again kick in and the Dow recovers. No problems here

Mon, 03/18/2013 - 14:41 | 3343614 negative rates
negative rates's picture

You just got caught up in the never ending dumbing down of the U.S. citizen. And the bar is low I might add.

Mon, 03/18/2013 - 15:13 | 3343817 PAWNMAN
PAWNMAN's picture

I felt like my sarcasm was blatantly obvious.

Mon, 03/18/2013 - 19:40 | 3345028 akak
akak's picture

The problem is, what you say in sarcasm the average American believes in all sincerity (and in opposition to all facts to the contrary).

Mon, 03/18/2013 - 22:38 | 3345622 Jake88
Jake88's picture

the thing is he didn't say it to the average american. he posted it on Zero Hedge. what do you suppose the average reader here believes. Duh!

Mon, 03/18/2013 - 14:27 | 3343517 Aunty Christ
Aunty Christ's picture

And just to add some intrigue: if it turns out that this expropriation scheme hurts the Russians the most, will they retaliate by holding Europe hostage in terms of natural gas delivery?

Mon, 03/18/2013 - 14:32 | 3343518 Pseudo Anonym
Pseudo Anonym's picture

Charles Hugh-Smith, dont be afraid to provide names and addresses of parties which you describe w/ these fancy labels

the forces of financialization (debt and leverage controlled by State-enforced banking cartels)

that is so impersonal.  if we're to take action, we need to know whom to target.  you leave us in the dark.  there must be some families that run these elusive banking cartels, no?  should we not knock on their door and query "them"?


Mon, 03/18/2013 - 15:04 | 3343753 WTFx10
WTFx10's picture

Know thy enemy

Militarys in each country with a BIS controlled central bank can end the theft by attacking the central banks and arresting the scum that control them. WTF we declare war on everything but the cause of our slavery. How fucking stupid is that?

Once the money makers are taken care of the politicians that are left will either become honest or join them in the work camps. Each sovereign nation should back its own currency without the gangsters control. It will only be financial Armageddon for the gangsters and their supporters. Not the end of the world just the end of them.

"And remember, where you have a concentration of power in a few hands, all too frequently men with the mentality of gangsters get control. History has proven that."
John Dalberg Lord Acton

Its being proven again.

"The issue which has swept down the centuries and which will have to be fought sooner or later is the people versus the banks." John Dalberg Lord Acton

 

Mon, 03/18/2013 - 14:29 | 3343535 economessed
economessed's picture

The citizens of Iceland are the ones who have had the last laugh.  Who will be the next Iceland?

Mon, 03/18/2013 - 14:30 | 3343545 Caracalla
Caracalla's picture

The DOW is green.  Maybe we need a different country in Europe each day to seize bank deposits, so stocks can keep going up!

Mon, 03/18/2013 - 14:34 | 3343575 TalkToLind
TalkToLind's picture

Nicos Anastasiades took the money and run.  Who, who who!  Go on take the money and run.

Mon, 03/18/2013 - 14:39 | 3343603 tony bonn
tony bonn's picture

charles - you are most correct and i would only add that this confiscation is a rockefeller - nazi project....the europeans, and next americans, are being subjugated into a one world state....

Mon, 03/18/2013 - 16:55 | 3344404 OccupyTVstations
OccupyTVstations's picture

Hi Tony, you always comment about the nazis that are still running the show... correct, but often it comes across as a crazy loon. Perhaps if you included this link in your sig it would help the sheeple see just how bad things really are.

Clinton Official: Far Fewer Nazis imported to America than the 10,000 widely believed by most government officials. One Nazi went straight from running Aushwitz to a top post at the CIA.

http://www.nytimes.com/2010/11/14/us/14nazis.html

10,000 nazis spread across america in the 40's ... how many kids did they have abduct and brainwash?

Mon, 03/18/2013 - 14:48 | 3343665 falak pema
falak pema's picture

All that may be as it is stated; it does not change the reality of today : Pax Americana oligarchy and NWO rule.

So this projection of the consequences of what started in the banking sector of USA and now pervades the whole world is an extension of the pest concocted in WS and City that now conditions the neofeudal and corrupted state-banksta oligarchy;  the 1% mentality.

Cause and effect; origins USA. THe Euro currency construct, one legged and confederal, cannot withstand, by the looks of it; it is the very nature of the defensive Merkel Draghi put gamble; the drag effect of Club Med submergence under systemic debt of private sector, which has empoisoned subsequently the public sector by socialised transfer under government authority.

Media reporting should never lose focus of origins of crime and eventual punishment, first and foremost of the innocent, then ultimately of the corrupt; thats what literature and history teach us. 

May the Euro bashing now procede as its historical momentum cannot be denied, keeping in mind the debt reducing wealth confiscation of Euro zone envisaged; aka wealth tax, is aimed more at the rich and tax havened than the debt inflation pump benefitting $ debasement and uber wealth asset levitation in the US. To each aristocracy its methods of extortion to repair/propagate past forfeiture of a magnitude never seen in first world.

But colonial structures, whether they be Pax Americana or Eurozone core aristocracy, will inevitably lead to same cul de sac. First world oligarchy is sitting in one boat.

 The deeper meaning of Cyprus is that there may now be conflict in this boat, with two different agendas/priorities now becoming visible. When thieves fall out...

Mon, 03/18/2013 - 14:51 | 3343684 Shizzmoney
Shizzmoney's picture

So this:

6. Divide and conquer is the propaganda order of the day. The Power Elites are attempting to set the serfs of the periphery against the serfs of the core, the goal being to keep both sets of serfs from realizing they are equally indentured to the core's pathological political-financial Aristocracy.


Mon, 03/18/2013 - 14:53 | 3343693 JLee2027
JLee2027's picture

Governments openly stealing money won't be tolerated I suspect. 

Mon, 03/18/2013 - 14:55 | 3343711 elwu
elwu's picture

"the core banks of the E.U. colonized the peripheral nations"

In Cyprus, most foreign money is from Russia, thus Russia must be a core E.U. country.

Jeez! And I didn't notice, nobody did!

Mon, 03/18/2013 - 14:58 | 3343727 world_debt_slave
world_debt_slave's picture

Ah, spring is in the air,bitchez!

Mon, 03/18/2013 - 15:01 | 3343747 Diogenes
Diogenes's picture

How the Euro works:

Crooked casino owner says, "You guys should come over to my casino and play poker. If you  cheat, you can win a lot of money off each other. Just give me your ID and credit card number".

Mon, 03/18/2013 - 15:10 | 3343798 negative rates
negative rates's picture

This ones better:

Ring, ring ,ring, hello..yea, yea, yea, oh so it's free but you need my credit card #, f off.

Mon, 03/18/2013 - 15:04 | 3343756 Joebloinvestor
Joebloinvestor's picture

They were warned.

Yeah, Greece was a "one off".

As was this THEFT or so they say.

Europe is fucked and they are whistling past the grave yard.

Mon, 03/18/2013 - 15:16 | 3343841 buzlightening
buzlightening's picture

After the cypussing terminal bankstering, Stevie Wonder's bout the only one left not seeing banksters true intentions.  banksters 100 global citizen 0

Mon, 03/18/2013 - 15:19 | 3343867 Duke Dog
Duke Dog's picture

Really no different from the U.S. from the taxpayers' standpoint. Rather than an outright "haircut" here, it is the use of inflation and taxation, which is not available to Cypress. Fucking Thieves!

Mon, 03/18/2013 - 16:30 | 3344295 Meat Hammer
Meat Hammer's picture

I voted to tax the other guy, then I found out I'm the other guy.

Mon, 03/18/2013 - 17:09 | 3344461 Forgiven
Forgiven's picture

Cats don't like baths and Pigmen Banksters don't like haircuts.  Tis far easier for them to steal your money than part with theirs.

Mon, 03/18/2013 - 17:09 | 3344463 Loucleve
Loucleve's picture

Of course they couldnt get away with this in Italy or Greece, you'd have riots in the streets.

And of course all of Europes citizens have been disarmed.  Coincident the Gun Control furor here in the US?

And now comes Bloomberg with his next ban to distract us - no displaying of cigarettes in retail stores.  You know, REAL important stuff.

Mon, 03/18/2013 - 18:50 | 3344613 ozzz169
ozzz169's picture

This article is bs. They voted away their monetary policy then were reckless. This is a bunch of bs excuses for less productive more socialized economies to blame more productive ones. If they don't like paying for reckless behavior the way the creditors demand then stop begging for money, leave the euro and hyper-inflate your debts away, and punish your people that way. Either way you screwed your country up the people voted for you so you have to take your medicine one way or another, personally it's probably better to leave the euro let it crash fast and hard, then rebuild, these feckless politicians don't have the courage to tell the people the truth and swallow the medicine and actually let the healing begin, they delegate the decisions to the troika and then blame them rather then take responsibility themselves. 

(Pretty much the same thing happening in every country around the world... esp the good old USA.  though a few on the GOP side will talk about it, the dear leader and his group of cronies wont touch it with a ten foot poll.)

Mon, 03/18/2013 - 20:38 | 3345250 TSA gropee
TSA gropee's picture

You're not seeing the bigger picture, stop thinking micro and switch to macro and open your mind. When you eliminate the impossible, whatever is left however unthinkable or seemingly absurd, must be the truth...

Mon, 03/18/2013 - 22:24 | 3345574 Jake88
Jake88's picture

The bank runs will not be confined to Cyprus. Citizens of Spain Portugal and Italy will be particularly interested in having the more valuable euro in the hand which is clearly ten percent more valuable than the euro in the bank.

Mon, 03/18/2013 - 23:32 | 3345775 honestann
honestann's picture

#####  PREDATORS  #####
######  SLAVERY  ######
Get real, get honest, avoid fancy terms.

Tue, 03/19/2013 - 14:30 | 3348618 web bot
web bot's picture

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