The fact that the German Finance Minister Wolfgang Schaeuble has come
out stating that savings accounts within the Eurozone are “safe”
claiming that Cyprus was a “special case” and not a template for future
rescues, proves that in fact the Eurozone deposits are
ABSOLUTELY NOT SAFE! You
never state a negative unless there is reason to do so. This is like
Clinton – I did not have sexual relations with that girl announcement.
In Japan, they assumed the Supreme Court ruled that oral sex is not
really sex. I had to explain the Supreme Court made no such ruling.
The whole purpose of the Eurozone was a
GUARANTEE that there would
NEVER
be any default. There was a default so just admit Europe had sexual
relations with Cyprus and didn’t even leave a €1 tip. They selected
Cyprus because (1) there were $4 billion in Russian deposits, and (2) it
was attracting way too much money away from the main European economies
that they were hunting down. Cyprus proved the G20 plan to confiscate
deposits to pay off debt is alive and well. At least when Florence and
Venice did forced loans compelling people to buy their bonds, they gave
them something, then defaulted. Europe screwed Cyprus and gave nothing.
Head to the stock market & real estate. This strategy was NOT to
“stimulate” anything as the “spin doctors” are trying to claim. This is
the next step in the Sovereign Debt Crisis before the wholesale defaults
and the swap of currencies that is on the horizon. It was discussed at
G20 levels because the USA had to write a $700 billion check to the NY
bankers and they know they cannot do that again. So, the next time
bankers lose your money trading their accounts, it will be the M.F.
Global solution/Cyprus.
Even Adolf Hitler respected the sovereignty of Switzerland when he
passed laws it was illegal for a German to have an account outside of
Germany. Obama threatens to confiscate anyone who fails to report what
Americans are doing and criminally prosecuted a Swiss bank for helping
Americans. The Pope helped Jews escape Germany. Obama would arrest him
today as a terrorist or conspiracy to money launder. The same is true of
German and French politicians. Switzerland lost the ability to enforce
its own laws and they treated the Vatican the same as Iran until they
agreed to inform to whom every wire came from and was going to. Today,
the world leaders make Hitler look like a respectful leader for they are
far more ruthless, respect nobody but themselves,
and diabolically untrustworthy. They will not respect the sovereignty of
any nation when it comes to money. And Cyprus politicians showed whose
side they are on – the political side
AFRAID of German retaliation!!!!
This is World War III in the financial markets. World War II really
began also in the financial markets with France shorting Austrian &
German bonds and then turned on Britain until they all were forced off
the gold standard (see Greatest Bull Market 1986).
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Monte dei Paschi bank reported a yearly loss of 3.2 billion euros ($4.1
billion) – a higher-than-expected net loss for 2012 – after
loss-making derivatives trades at the lender amounting to 730 million
euros. Bad loans also contributed to the loss.
