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“Give a man a fish and you feed him for a day. Teach a man how to fish
and you feed him for a lifetime.”
Cyprus has over the centuries been bought, sold and conquered numerous times.
Its people have however managed to endure all trials and tribulations. This
morning however I awoke to confirmation that the confiscation of bank
deposits in March was nothing more than the first instalment of a process
whereby its people, its sovereignty and its sovereign assets are to be sold
in quick succession. Yes, the Cypriots have been sold out by their own
leaders who history will judge to be either stupid or traitorous and perhaps
both.
The latest is that the probe that had been announced seeking details about
large transfers out of Cyprus prior to the confiscation news, has been
suspended.
In the words of Demitris Syllouris:
"It was with great disappointment and anger that, when we opened the
envelope, we realised it contained data for only 15 days even though we had
asked for a year.......This kind of behaviour is unacceptable."
Everything you suspect about the Cypriot leadership is worse than you think.
But the news gets better.
Cyprus has decided to enter that Great Hall of Fame alongside the Great
Gordon Brown who also sold Britain's interests out, by selling 10 tonnes of
its 13.9 tonnes in gold. As I wrote back in January 10, 2010:
"On May 7th, 1999 Gordon Brown without consulting the Bank of England
and without even debating the timing of the sale, decided to sell off a
sizeable portion of England's gold holdings. To be precise, the amount sold
was 395 tonnes over a period of 35 months beginning on July 6, 1999 and
ending on March 5, 2002. A total of 17 auctions netted an average price of
$274.92. That equates to $3.49 billion."
Even at today's specially downward manipulated price ($1,557), Gordon Brown's
decision has cost the good people of the United Kingdom somewhere in the
vicinity of $16.2 billion. That is correct, Gordon Brown lost over $16
billion with one lousy decision.
If the leaders
of Cyprus had any pride, morals, patriotism, brains or even just one male
gonad they would have struck back at the well laid plan of outside interests
which was designed to strip it of any self determination.
HOW YOU MIGHT
ASK?
Well, we have all been watching Bitcoin and no doubt the
ride has been highly profitable for some but disappointing for others. In the
case of Cyprus, they could have "minted" BITCHCOIN as a means of
turning the tables on a financial construct that seeks to vacuum nations and
peoples of every scintilla of wealth whether that wealth be called fiat,
precious metals, sovereignty, sovereign assets and even democracy.
SO WHAT IS
BITCHCOIN?
When the Cypriots decided to bow down to the confiscation
of their citizens' deposits, they should have confiscated those funds in the
name of the government and not for the re-capitalisation of banks.
The next step was to place simultaneous orders on international markets and
exchanges for $7.8 billion worth of silver bullion. If they added the
proceeds of selling 10 tonnes of gold, the orders would have come to another
$500 million or a total of around $8.3 billion worth of silver.
Now $8.3 billion in silver at a price of $28 comes to 9,220 tonnes or much
more than any repository in the world holds.
Now do I have to explain why I called my new coin Bitchcoin?
AND FOR A TOTAL
BLOW UP OF THE BANKERS
The above plan could have become the death knell for the
corrupt banking structure had the Cypriot order for silver been backed up by
orders from Greece, Portugal and Spain amongst others.
So there would have been three outcomes:
1. The world's banking system is brought to its knees if not flat on its
face.
2. A cash settlement is agreed upon in which case Cyprus would easily double
its money
3. Cyprus is unexpectedly invaded by a certain neighbour.
The way to bringing the world back to a gold standard is through an attack
using silver due to its cheapness and scarcity of above ground stocks when
compared to gold.
Perhaps the spike in silver price would take it well beyond its true value
but the purpose ultimately is not to profit but to restore truth in a system
that is riddled with rotten structures, corrupt practices and psychopaths who
know no limits.
Is Cyprus capable of such a brazen move?
Of course not.
Its leaders are incompetent stooges and Cypriots will pay the price by being
bombed back into the financial stone age for many many years to come. The
remonstrations by Putin were just that. Deep down even he allowed his
oligarchs to suffer so as to send a warning to other oligarchs about
entrusting their funds to western banks as he has been warning them for over
a decade.
The whole exercise was not about accessing a measly 6 billion euros but it
was about stripping Cyprus of its tax haven status, its banking structures
and subsequently its gas reserves. Mark my words, it is my humble opinion
that those gas reserves will remain as reserves for a very long time as
neither Russia nor OPEC would want to see fresh supply come onto the markets.
Germany on the other hand will come to control those gas reserves as a back
up plan against any Russian blackmail which seeks to use gas supplies to
Europe as an ace.
Germany also acted in its own interests. Cyprus and everyone else knew that
its banking system had been dealt a heavy blow with the impairment of Greek
Government Bonds in which it was too heavily invested. But the day of
reckoning was delayed until the German banks that had lent money to Cypriot
banks could withdraw the bulk of their deposits which were tied up on a time
basis.
WHERE TO FROM
HERE?
One
can never be sure whether the aim of one world government lies behind the
systematic levelling of so many economies or whether the big powers honestly
believe that their strategies are in fact cures for what ails the world's
financial systems. Either way, we are in for at least a long period of
suffering and uncertainty unless pandemic, war or some fat fingers push the
wrong buttons on Wall Street or Pyongyang simultaneously.
For Cyprus a hellish existence is assured and you can be sure that they will
be dictated to and goaded into many other acts of sovereign depletion. Yes
dear readers, Cyprus has sold its fishing rod for a fish that stinks even
from a distance. Then again she has not been the only one so far and will not
be the last one to do so.
For the rest of you, I can only advise that you ride the coat tails of those
who have engineered the drop in gold and silver prices to secure yourselves
an additional layer of fur for when the economic winter arrives in full.
It's a sad and miserable world. Perhaps I am naive but my predictions to date
beginning with my writings back in March 2009, have been very close to the
mark. At least far closer than Bernanke's.
By coincidence I am now off to the funeral of a friend's elderly mother who
happens to be Cypriot. At least her suffering is at an end. To her I humbly
dedicate today's missive.
Peter Souleles
Sydney Australia
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