Topic: The Cyprus Clusterobama

[ToddF]

I can't believe I'm first with this but someone has to be, I guess.

Direct confiscation of the most meager of savings...it's here, or there anyway

If this isn't the straw that breaks the camel's back I don't know what could be. 

[charlesoakwood]

I like the part where the finance ministers said, “Don’t worry, this is a unique situation”, it's like rain, it goes away.  Yeah, the raincloud goes on and takes the rain to the next destination,  Italy?

[Libertas]

I thought we had a link posted already, maybe I imagined it.

We did discuss it briefly here -

http://itsaboutliberty.com/index.php/topic,7918.0.html

But yeah, these EuroIdiots are just admitting out loud they're losing control as a result of their socialist utopia imploding on them, they cannot tax or otherwise confiscate enough wealth to save their asses, and we cannot stop the theft in our own land (especially the non-stop Ctrl-P debasement of the dollar), the EuroTards are just further down the drain than we are.

It will eventually leap the ocean.

[IronDioPriest]

You'd think at least SOMEONE would step up and seek justice. I suppose it shouldn't surprise me, given our declaration's truism about mankind's disposition to suffer evils while they are sufferable. But sometimes I am amazed that so few people can control so many. Why do entire populations simply obey the edicts of the tiny ruling class when those edicts are so obviously criminal? Why do we?

I understand the truth of human disposition, but I don't understand the why of it. How politicians remain alive is beyond me.

[AmericanPatriot]

Coming to a country near you

[charlesoakwood]

The question then becomes: what would "Cyprus" look like if it took place in the US?

[Libertas]

If the government can rob openly, so can the people, the laws of men are fungible and without any moral anchor, time to go Jesse James on their asses!

[Glock32]

You'd think at least SOMEONE would step up and seek justice. I suppose it shouldn't surprise me, given our declaration's truism about mankind's disposition to suffer evils while they are sufferable. But sometimes I am amazed that so few people can control so many. Why do entire populations simply obey the edicts of the tiny ruling class when those edicts are so obviously criminal? Why do we?

I understand the truth of human disposition, but I don't understand the why of it. How politicians remain alive is beyond me.

The reason is because most people are preoccupied with living their own lives, whereas the tiny minority of overlords is preoccupied with controlling everyone else's. It's their day job, you see. It's why we have a built-in disadvantage versus the Left. Politics and ideology is their job, it is literally their full time job for which they are paid (with our money). Oleg Atbashian at The People's Cube has deftly summarized it as the Amateur Right versus the Professional Left.

It seems highly probable that this action in Cyprus will spook people in other European countries, especially in Greece, Italy, and Spain, into pulling their money out of the bank. And the Overlords would have to have known this before they moved on Cypriot bank accounts, so that raises the question of why they would take an action that they know is likely to cause a bank run. They would also have to know that a bank run will expose the fact that only a tiny fraction of the deposits are actually held by the banks. My spidey sense tells me something else is about to happen. Could this be the initiation of the economic implosion we've long been expecting in the vaguest sense?

[Libertas]

It could be the first tooth on the global zipper to come apart that starts the cascade.  The PTB's are always fearful of events that can lead to a cascade, and rightly so.  It's just that their options are being strangled and they don't like that.  Their ability to bullshyt the people is greatly impacted as well by watchdogs, most of whom reside online.  It is no surprise that the things most under attack around the globe circulate around the control of information, financial activity and civil rights.  Where is one bankrupt and debased nation to get support?  Other bankrupt and debased nations?  The global crash could be just around the corner.

And not to be overly alarmist, but it kind of puts all of the ominous actions we've been seeing into a clearer perspective, doesn't it?

At present the PTB's are all playing chicken and none of them know who is about to lose their chair first when the music stops.  At that point a new sound will be heard - mass civil chaos.

[Weisshaupt]

It seems highly probable that this action in Cyprus will spook people in other European countries, especially in Greece, Italy, and Spain, into pulling their money out of the bank. And the Overlords would have to have known this before they moved on Cypriot bank accounts, so that raises the question of why they would take an action that they know is likely to cause a bank run. ... Could this be the initiation of the economic implosion we've long been expecting in the vaguest sense?

This should be causing Banks runs everywhere.  It won't. But it should.  They could have just done yet another dollar swap to cover whatever they wanted to cover. They didn't. The only rational behavior after this is to empty the banks. Italy is up next
I didn't know Russia had such exposure either. Banks shut till Thursday now?

This may be a deliberate,  controlled implosion. U.S. will be next. Gotta spend, spend, spend and get the new place ready. News like this makes me want to  gt it all out now, but I keep over-estimating human intelligence. We still have time. Probably years if past history is any judge. Dollar index is still over 80.  Gold still hasn't hit $2000.  Maybe they just consider Europe easier picking right now- no guns, no tradition of liberty. Just the banksters and govt colluding to impoverish their people and make them slaves, and since Libtards never suspect a government could have anything but their best interests at heart ( except when those evil conservatives impose austerity)  they will be fully reduced to nothing. And they deserve it.

[ToddF]

Don't worry.  If we prevent people from getting at their money, we can diffuse the situation

 
 

[Libertas]

Yeah, hilarious.

This is what you get for saving anything in a ZIRP environment, when in any scenario where all markets were free and there was not any printing and monetization and other gaming going on...encouraging people to save and lower debt would be the right thing to do.  So in the perverse world we live in saving money is punished and therefor stupid.

The whole world has gone full-retard.

Yeah, this is going to end well...

/

[charlesoakwood]

mASs CoNfuSioN and Over Stimulation, that's the recipe.

[John Florida]

I like the part where the finance ministers said, “Don’t worry, this is a unique situation”, it's like rain, it goes away.  Yeah, the raincloud goes on and takes the rain to the next destination,  Italy Spain?

  FIFY

[charlesoakwood]

Your on.

[RickZ]

It could be the first tooth on the global zipper to come apart that starts the cascade.

The quote I read elsewhere:  Cypriot banks are Europe's modern version of Archduke Ferdinand.  The European Union house of cards will fall, sucking everybody down into the misery hole, culminating in war.

I wouldn't be surprised if the literal opening shots in this war were to come from Russian mobsters taking out a few European Union 'finance' ministers and/or their families.

The next haircut destination will be Greece/Italy/Spain, a true pick 'em, maybe all three.

I expect to hear horrible tales of gun running into Cyprus to surface soon.  I remember something about an armed people are a free people, and a free and armed people can take care of this insane banking business with extreme prejudice.

[Sectionhand]

Putin and his Russian Mafia are going to make the Cypriots an offer they can't refuse .

[Libertas]

Putin and his Russian Mafia are going to make the Cypriots an offer they can't refuse .

It was an easy call for you to make, eh SH?

Rooskies offer gas exploration rights in bailout terms

I do find it hilarious that a nation with truly shady banking practices is talking about helping someone else out, these clowns always have strings attached, and if I had to guess this is an easy way to both launder some illegitimate cash and possibly have some strategic land worth acquiring during foreclosure negotiations.

Oh sure, and in looking for related news somebody is already describing how deep the Rooskie connections go, looks like they've been worming their way into Cyprus for some time now...

http://www.ft.com/cms/s/0/cd6ad842-8fc0-11e2-ae9e-00144feabdc0.html#axzz2Nz8ldBJk

I like the north vs south regional differences discussed, kinda makes one wonder if when a rift explodes open if they have their own little civil war.  Anyway, it will be interesting to see if the Italy and Spain have pre-haircut runs.  I sure would be looking to get whatever I had out, especially if I had anything significant.

Interesting who socialists eventually go after though in this era of crony capitalism...rich donors get a pass as do the ubber poor...everbody else (that so-called middle-class socialist parties always claim they are so for!) get scalped.

Let it all hit the fan, people do not learn lessons well when there is no pain involved.

ETA - The crumbling appears to be occuring, this could be a rocky morning, what are the odds that the panicked EU central bankers are forced to intervene with direct aid?

http://www.zerohedge.com/news/2013-03-19/cyprus-president-says-parliament-will-still-reject-bailout-plan-making-other-plans

And...the rest of Europe (and everybody else for that matter!) beware the lessons here, none greater than "Rule-changes are getting ‘regressively’ more creative and sinister."!

http://www.zerohedge.com/news/2013-03-19/cyprus-oh-irony

You are not paranoid, they really are out to get you!

[Sectionhand]

Putin and his Russian Mafia are going to make the Cypriots an offer they can't refuse .

It was an easy call for you to make, eh SH?

Yeah . I've always had an amazing grasp of the obvious .

[charlesoakwood]

China taking the Gulf of Mexico, Russians taking the Mediterranean.  
They should have listened to Patton.