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With Regard to the Cyprus Bank Deposit Confiscations: Is Nothing Sacred?

IMG Auteur
Publié le 24 mars 2013
494 mots - Temps de lecture : 1 - 1 minutes
( 4 votes, 5/5 ) , 1 commentaire
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Customer funds were long considered 'sacred' at brokerage firms, and were segregated from the proprietary operations of the company. And they were stolen at MF Global, and no one has been punished.

Bank deposits, protected by insurance and the guarantees of the government, were long considered 'sacred' at financial institutions. And they are being stolen in Cyprus as a matter of convenience to the crony capitalists in Europe, who are loathe to force the banks to take their losses.  And so they impose them on the people.

And this is what was done, and is still being done, in the US and the UK as well.  It is merely being done in a different form.

As I wrote a few weeks ago:
Politicians from both sides of the aisle will swear pious oaths to protect and foster the well being of the middle class. They will say that their policies and proposals are all designed for its betterment. And yet the state of the middle class continues to dwindle into despair and disrepair. Why is this?

It is not because of the predominance of a right or left ideology, of taxation and deficits and austerity. It is not because of the re-emergence of a perversion of the gospel, in the predestination of prosperity. We have seen all this before. It is not because in our comfort we have lost the sense of the imperative of common cause.

It is because of the overwhelming corruption of power, and of the cynical amorality of thoroughly modern political managers who worship power and personal wealth as ends unto themselves. They distract the people with artificially divisive social issues and crises, while robbing them blind.

It is driven by the allure of the cartels, monopolies, and monied interests, and their corrupt political bargains. It is a child of the subornation of perjury on a massive scale. It is the unscrupulous servility to power of those who have sworn to uphold and protect the law. What is truth? Whatever suits us, whatever we say it is, by whoever has the power and the craft to define 'we.' It is not the triumph of evil so much as the absence of any sense of the good, of honor, honesty, and of simple common decency.

And it is marked by the daily subverting of the law as a matter of convenience and comfort to the insatiable few, and the cravenness of their enablers, driven by personal ambition, ignorance, and fear. It is the will to power, the elevation of the ascendant self and the system that supports it, above all else. Greed is good. Whatever works. And the enemy is all that is not the self, but that which is the other.

And where there is nothing sacred, the people perish.
Protect yourselves.  And do not look only to your wealth, but to what is lasting.
"For what does it profit a man to gain the whole world, and lose his soul?"

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"Greed is good. "

Finally you are starting to understand. It is greed that makes survival possible. Those organisms that attempt to get by on just enough fail to grasp that just enough isn't always available. Ergo the organism loses weight until it loses it's life.

Your existence, as well as everyone else's, is because greed was the mantra for survival. Gorge yourself when you can because the hungry time always comes; usually sooner than later. Why do you think voluptuous women were considered the most desirable until Twiggy hit the mass media?

So after countless millenia, we are supposed to put greed away and play nice? That's BS. We are the way we are because in nature, greed works and all else doesn't.

Now in the case of Cyprus, and coming to a country near you, the problem is a perceived contractual obligation nullified. The people believe deposits are demand deposits rather than loans to the bank. Enter government that plays the game of all parties must share the famine just as they shared the wealth.

Was the first choice Cyprus voted on correct? Nope. It was knee-jerk attempted theft to protect government. There is no government greater than its individual people. Shared economic famine is shared economic death. Plus it is damn foolish to think the supposed foreign funds are just sitting in the corner in the vault doing nothing.

If you recall, part of the problem with the bail-out was Russian tax avoidance depositors. Here is the new paradigm: We (EU countries) will cooperate to maximize every country's tax revenue stream. We will stamp out tax havens. This is what the Cyprus sanction is about.

So quit playing the spoiled socialist. Natural systems are capitalistic. Cooperation exists because it lends an advantage. Individualism exists because it permits maximum flexibility in the face of adversity. Try to game mother nature and you'll get the bat shoved ... .
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"Greed is good. " Finally you are starting to understand. It is greed that makes survival possible. Those organisms that attempt to get by on just enough fail to grasp that just enough isn't always available. Ergo the organism loses weight until it lose  Lire la suite
overtheedge - 24/03/2013 à 15:30 GMT
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