Daily Archives: 18 March 2013

Why Would Putin Condemn Cyprus Bankster Theft?

The story:

Russia condemns ‘unfair’ Cyprus bank levy as bailout fears grow

On one hand, the economy of a government is their “sphere of exploitation” (to use Hoppe’s term from Austrian vs. Marxist Class Analysis). So why would Putin not welcome this action, which punishes those who dare escape his sphere of exploitation, and will likely discourage others from escaping?

Two reason:

1) Russia wants to improve itself by attraction rich, capable entrepreneurs from the west, like the Frenchman Depardieu.

2) In the twisted, counter intuitive world of post-Soviet economies, the exploiters are often trying to escape their own prison. I suspect most politicians of post-Soviet countries had money in Cyprus.

Taking candy from babies – Cypriot Banksters, under EU pressure, rob everybody

Now that the precedent has been set, now that a western government has simply closed banks and helped itself to between 6.7 and 10 percent of each depositor’s money, I wonder if I should close my IRA.

Waiting thirty years for a tax break under these conditions seems ridiculous. The dollar will certainly collapse before then. The only question is how audacious the crimes of politicians will be when their system is in its death throes.

Let’s wait and see how big a bank run this action sparks.

Sad Cyprus

#Cyprus Depositors Vent Fury Through Social Media


Cyprus

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