Bob Owens

The saddest truth in politics is that people get the leaders they deserve

The Great Cypriot Bank Raid

Written By: Bob - Mar• 18•13

When governments decide they can simply take your money, society has collapsed into a textbook tyranny:

In an unprecedented, and potentially caustic move, eurozone finance chiefs called on Cyprus to fund a roughly $13 billion bailout by tapping the bank accounts of every Cypriot. Specifically, the plan called for levying 6.75% of all accounts up to $129,000 and 9.9% for those above that threshold.

President Nicos Anastasiades called on Cyprus’ parliament to push the plan through, lest, the country’s two biggest banks could be at risk of toppling. There is no single party with control in the Cypriot parliament, and it remained unclear whether Anastasiades would be able to cobble together the votes necessary in time for a vote Monday.

The move threatened to spark a run Cypriot banks and once again destabilize the 17-member eurozone currency bloc. Indeed, it almost instantly ricocheted into global financial markets.

The European countries involved in this debacle unilaterally declared that private accounts were theirs for the taking. It’s state-sanctioned robbery. The people in these countries that may now find themselves significantly poorer due to this theft may riot… but the fact of the matter is that they created the underlying problems that led to this debacle. They partook of and exploited socialism to create unsustainable entitlements for themselves, and generated government debt that must somehow be paid. The result is that their governments felt compelled to take even more to pay for what the people demanded, and were desperate enough that they had to resort to extreme measures.

This is what happens when people learn they can vote to take money from others for themselves. This is what the urban clusters in blue states have discovered. This is why certain voting precincts in this nation have unemployment over 10%, and yet voted 95%-100% for Barack Obama. This is why these same people will vote for the next socialist after him, even as their neighborhoods fall deeper into poverty.

This is our future, America.

We can’t pay our bills, and the federal government isn’t even trying to rein in spending. We can’t even get the President and Congress to stabilize the rate of spending growth; it increases daily on a curve as the people demand more while contributing less to society.

It has been said repeatedly in one phrasing or another: a government powerful enough to give you everything you need is a government powerful enough to take everything you have. No wonder the polimedia wants you disarmed. They know the day is coming when they must attempt to steal from you to pay the Chinese, and they don’t want to face an armed rebellion in response to their theft.

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  1. Orion says:

    Don’t be silly!

    They’re just asking the Cypriots to pay their fair share!

    It’s all just a common-sense solution, a reasonable tax to help offset a serious problem.

    Don’t be so reactionary. It’s just….a fee! A fee, nothing more.


    • AT says:

      Of course! it’s all for the greater good! The annointed one already said we don’t need balance for the sake of balance…pfft.

  2. Comrade X says:

    Here’s an 2011 article that shows who owns our debt:

    The percentages most likely are still pretty relevant today. Who owns most of our debt, it ain’t foreign countries but us!

    Then who mostly will be coming to demand payment; us;

    public employees, social security recipients;, welfare receivers, food stamps recipients, etc etc; us? And how will we pay it off? With dollars that will be worthless because we are printing them out of thin air.

    People will then be able to buy products who’s prices of which have gone thru the roof because of hyperinflation because of the worthless dollar; think Weimar Republic, if you know the past you have a good chance of seeing the future!

    Death before slavery!

    • chowthen says:

      The Federal Reserve owns most of our debt. And who is the Federal Reserve? The way to pay it off is to print money and devalue the currency until it’s worthless. In other word the producers will be giving away their product for free and the workers will be working with no wages.

  3. Comrade X says:

    But there is a solution, the only option IMHO;

    “..Prudence, indeed, will dictate that governments long established, should not be changed for light and transient causes; and, accordingly, all experience [has] shown that mankind are more disposed to suffer while evils are sufferable than to right themselves by abolishing the forms to which they are accustomed. But, when a long train of abuses and usurpations, pursuing invariably the same object, evinces a design to reduce [the people] under absolute despotism, it is their right, it is their duty, to throw off such government, and to provide new guards for their future security……

    Death before slavery!

  4. Bob Easton says:

    The REAL sore point is that it’s people in Brussels that decided stealing from the Cypriots was OK. Any country foolish enough to vote themselves in to the EU….

    It’s ACTUALLY HAPPENING HERE too, but in a different form. The Federal Reserve policy of keeping interest rates at zero is STEALING from all of us the growth that we would see in a normal economy. The Fed STEALs AGAIN with the “easing” campaigns which print more money, devaluing that we already hold.

    • Steven says:

      Yea, but Bob – be careful with what you ask for. The REASON the interest rates are so low is because of a few factors:

      1) We have to pay maintainance on the interest on the debt. That interest is based on the rate at which we borrowed. This year (and I have heard to very different figures, so I’ll include both) we are paying $250 to $500 Billion just on maintainance.

      We roll over this debt constantly – essentially reborrowing it. If the rates were to go to, say, 5-8%, then the maintainance on the interest would go up DRAMATICALLY.

      2) If the Feds were to allow the market to adjust the rates they would shoot up dramatically, due to the fact we’ve been ‘price controlling’ them for a while – and then settle back down to what the market could bear.

      With the gov’t “borrowing” (read: printing, borrowing, and then giving out) money if interest rates were to go up our debt would SKYROCKET, as would our MOTID (Maintainance on The Interest of Debt – sorry, tired of typing it).

      3) While, yes, we want the interest rates to go up so we can once again see a return on our investments, we really DON’T because of what I typed above.


      But, as to the main point: I sincerely see our gov’t looking to steal our savings soon. It will be sold as a “Millionaires and Billionaires” tax on wealth, but the reality is that anyone who has been prudent and saved is going to get boned.

      Also, as we read in what Bob Owens posted, it’s a REALLY bad idea, that sounds good. The folks who have saved pull their money out of the banks, and the banks, which were shaky (or the gov’t) now have this giant sucking sound as all the capital gets pulled from the economy as people, in effect, “stuff the money in the mattress” – or buy gold, start prepping, and buy durable goods to be used, sold, or traded later.

      The long term effect on the economy is DEVESTATING. Who would want to invest in a Roth IRA or a Mutual Fund, or save money and be wise if your savings can be taken by gov’t at any time.

      The gov’t (ours and in Europe) realize the coming collapse, and start looting the treasury to pay to keep things running, knowing full well that it’s like amutating a leg to save the patient who is dying of blood loss, instead of stopping the bleeding because you’re more worried about the vampire sucking the blood than the patient who is feeding it.

      Sorry for the long post – hope it contributed to the discussion.


  5. Chris says:

    So taking 7% off the top in Cyprus or devaluing our currency in the US to the point where I would be ecstatic with just a 7% loss?

  6. Parker says:

    The Cypriot legislature will defeat this proposed theft, so it will be back to the drawing board come Thursday. I think the Russians will come to the rescue as they have lots of investments in Cyprus and they want the lease to off shore gas fields. Nonetheless, the deep flaws and inherit corruption in the global financial system will not end well.

  7. Thomas says:

    Coming soon to a government near you!

  8. john says:

    I can’t concieve of a quicker way to see politicians and bankers swinging from every tree in America than to try that stunt here. I almost hope they try it.

  9. Orion says:

    I’d be willing to pay every cent I have saved – or ever will save on one condition:

    The Federal government disbands, rids itself of every freakin’ program they’ve got beyond defense and border patrol (and you MIGHT be able to talk me into keeping the FBI and NSA/CIA if they fix them), and every swinging Richard who works there or is supposedly ‘elected’ there, packs up, goes home, and agrees never to have anything to do with government again.

    And we start over again from zero.


  10. Joe says:

    Guns, Gold, Silver, Chow (long lasting) and ammunition (reloading also) these things are of intrinsic value and when it all collapses you can wait it out. Key sentence from the article the banks are “to big to fail” nonsense that’s the problem we have been duped for a long time that the Federal Reserve is Federal and a Reserve. Its neither it is a cluster of banks set to do what they are doing now making our children and grandchildren pay for theirs and the politicians waste of our hard earned work in what is now useless green backs.


  11. Rina A. says:

    Have you heard of Operation Inaction?

    Here’s an idea: Do nothing. Sit at home and chill. Don’t go out to eat, don’t go to the movies, shopping, work, school, don’t drive your car, don’t do anything! Just stock up on a month’s worth of supplies, like food, medications – those regular things you’ll need – and do nothing.

    If more than half the United States does this all at the same time, can you imagine what would happen to the economy? Can you imagine the sort of response that would be triggered?

    What’s even better is that this isn’t violent in any way. It’s a silent message. It’s not even rebellion. But it will get their attention in as little as one week’s time.

    There have been studies made on how the country would be affected if just a smallpox outbreak was reported at several key transportation areas like JFK, O’Hare, etc.

    Think of what it would do – how your voice WOULD be heard if you were to DO NOTHING for just one week. Two weeks or even one month.All that’s necessary is to do absolutely nothing – don’t fly – don’t drive or ride a bus or even a subway. Don’t leave your home to go to work or shopping – don’t send your kids to school – don’t pay your bills – don’t do anything.

    If you are a health care provider – a nurse or doctor – don’t go back to your normal duties because once you have all shut down and are not doing your normal activities the beast will be forced to send in its military personnel to staff regular civilian duties until they end the Country’s

    But in order to bring this beast to its knees you will need the vast majority of people to follow suit. In one weeks time – just 7 days of no activity the President will be urging every American to go back to work and their normal activities.

    In two weeks time he will be begging you – and in one month the government will be in such dire strait they will be willing to listen to the people’s voice. All done without firing a shot or any kind of violence – simply unify and DO NOTHING until the beast is brought to its knees by your inaction.

    Pass it on! Operation Inaction Starting April 1, 2013