There are newswire reports that the majority Cypriot party will refuse to endorse stealing the people’s funds; the market’s reaction was immediate and negative.
Everyone is still running around saying “In Ben We Trust” and “This is setting up for the next move higher.”
Meanwhile, this is what Cyprus’ attempt to do this has set up in New Zealand.
The National Government are pushing a Cyprus-style solution to bank failure in New Zealand which will see small depositors lose some of their savings to fund big bank bailouts, the Green Party said today.
Open Bank Resolution (OBR) is Finance Minister Bill English’s favoured option dealing with a major bank failure. If a bank fails under OBR, all depositors will have their savings reduced overnight to fund the bank’s bail out.
Here we go folks.
Incidentally, it has been “suggested” that Italy should implement a 15% “tax” on its depositors as well.
Nothing you have that you cannot (or will not) stand in front of with a gun and defend is yours. If you’re either unable or unwilling to die to keep it the government will steal it to give your property to someone else, including someone else who did an irresponsible or even criminal thing.
Even the pretense of “social justice” is now gone.
Our national governments have now devolved into simple “in your face” theft at gunpoint.
We deserve this for our failure to put a stop to it for the last 30+ years.
Unfortunately there are no simple answers, but there is simple truth: Decide whether you believe in private property or not, and if you don’t, then quit going to work because nothing you do is yours. Why work if you don’t get to keep any of it and the amount you will have stolen will beretroactively determined after the fact?
And if you do, then decide whether you’re willing to defend your property with your life. If not then quit going to work because once again nothing is yours. Why work if you don’t get to keep any of it and the amount you will have stolen will retroactively determined after the fact?
Does this sound like a call for a General Strike on a global basis?
You’re damn straight it does — because it is.