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overtheedge
Membre depuis mai 2012
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EU’s Cyprus madness should be resisted

- Steve Keen - Debt Deflation

Just another slight escalation in "As the Economy Burns." Each episode is testing the waters to get an idea of what the people will put up with. Start small. Maybe Iceland. Ooo, that didn't work out so well. Ireland, yep. Gotta tailor the burn for the mark. The marks are different in each country.

Now to watch Cyprus. The reaction of the people in the days ahead will set the stage for the next escalation in "As the Economy Burns." Don't miss any exciting episodes.

Imagine if the people of Cyprus rebelled with force. Wouldn't it be wild if these Cypriots fired the second "Shot heard around the world"? That would meet the standard for an actual Black Swan event.

Commenté il y a 4258 jours

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Début de l'article :Of all the insane policies that politicians have crafted during this financial crisis, this decision to confiscate deposits is the worst. If it is proceeded with, then the trust the public must have to use the banking system for payments will evaporate–certainly in the Euro region itself, and especially in the states that are already suffering under the EU’s yoke of austerity. Though there are undoubtedly unique aspects to the Cypriot banking system (in scale only; I doubt that there is any Euro... Lire la suite

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