Tuesday, March 19, 2013
Cyprus Bank Heist for Dummies
Easy enough at first glance to consider this gent a bit off. On closer reflection, perhaps he's the only one I've seen exhibit a rational (and aware) response.
Just two thoughts on Cyprus. First, a "one time" event is only one time until the next time. Second thought is really a question. While it's Cyprus now, can any of us really believe that Spain, Ireland, France, (insert more countries here) and the USA will not face the same fate, a little sooner or a little later?
It all goes back to rule #1. Protect the banks, the bankers, and the elites at all costs. And that leads to rule #2. If you don't hold it, you don't own it.