But at some point the government-media complex of social welfare and crony capitalism will go up against an angry populist with an agenda and an organized movement, from the right or the left, and then things will get properly ugly.
An American Cyprus?
By Daniel Greenfield On March 22, 2013
Cyprus is Europe’s original failure. It was the first part of modern Europe to be invaded and colonized by Muslims, while its native Christian population was ethnically cleansed. Cyprus is to Islam what Czechoslovakia was to Nazism; the canary in the coal mine warning of worse things to come.
Now Cyprus has wound up in the middle of the European Union’s meltdown as everyone scrambles to salvage what they can from an unsustainable system at the expense of everyone else. We are seeing the beginnings of bailout cannibalism as the Eurocrats manipulate entire nations into fighting each other. The real purpose of the deposit grab was to wreck Cyprus’s banking sector and continue the centralization of international finance.
The Cypriot government tried to salvage its banking sector by passing on the pain to ordinary depositors in one of those brutally unfair decisions that technocrats like so long as they have the early warning to opt out of them. While the banks were closed to ordinary people, there’s little doubt that plenty of insiders took the time to get their money out.
In Cyprus, the Russian elite looking for a safe place to put its money when the people turn on them intersected with a Eurocratic elite trying to eliminate safe harbors and cheap places to do business. And they all bumped into British senior citizens looking for a cheap place to retire and angry leftists with no serious economic plan, but a determination to overthrow the government.
Cyprus is the place we go to learn that everything is tangled up with everything else and that the only things left are blame to be passed around and money to be stolen.
Everyone is deep in debt and no one is going to pay up. And why should they?
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