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March 18, 2013

Can't Happen Here Right? Yeah, Right. [Bumped]

ATHENS — In a move that could set off new fears of contagion
across the euro zone, anxious depositors drained cash from automated teller machines in Cyprus on Saturday, hours after European officials in Brussels required that part of a new 10 billion euro bailout be paid for directly from the bank accounts of ordinary savers. -- Facing Bailout Tax, Cypriots Try to Get Cash Out of Banks
The Thefts Will Stop When We Start Shooting and Hanging the Thieves. Not Before.

Posted by gerardvanderleun at March 18, 2013 12:03 PM. This is an entry on the sideblog of American Digest: Check it out.

Your Say

Here we go.

Posted by: Rob De Witt at March 16, 2013 6:16 PM

They should just redesign the symbol for the Euro (€) as a hammer and sickle with two vertical lines.

Posted by: Mike at March 16, 2013 7:20 PM

What Rob said.

I'm cleaning my two empty water barrels tomorrow.

I wonder what Monday will look like in America?

Posted by: TmjUtah at March 16, 2013 9:00 PM

Posted by: B Lewis at March 16, 2013 10:30 PM

News report on 25 March, Nicosia, Cyprus: Severe shortages of rope and cordage reported across the country.

I am saying now and have said before that the real solution to this problem is to make every single employee of every bank who has any decision-making authority whatsoever completely penniless; confiscate all money, real property and all chattels except for the (cheap) clothes on their backs. And make it illegal, punishable by life without parole, for them ever to handle anyone else's money again, for any reason.

Use the assets thus gained to fix some of the mess they have made. And, of course, another part of the solution is for all First World governments to collectively tell each and every bank to which they owe money to go and do something anatomically impossible.

City and Wall Street spivs turned into homeless beggars would be poetic justice.

The banking system is a necessity for a modern economy. However, the tail has been wagging the dog for FAR too long.

Posted by: Fletcher Christian at March 16, 2013 11:32 PM

That's why I stashed cases and cases of whiskey in the bunker. When the Great Collapse comes I'm going to drink my fill and trade what's left for contracts on bankers and anyone else who ever failed to satisfy my narcissistic lusts for cheap consumer goods.

Posted by: edaddy at March 17, 2013 9:46 AM

If you haven't been buying metals AND taking possession of the same, you will find out the worth of ETF's in such metals.

Posted by: Vermont Woodchuck at March 17, 2013 2:49 PM

Banksters. I like the sound of that.

Posted by: StephenB at March 17, 2013 6:41 PM

"Banksters" is the term used as a slur by the Occutard movement.

Yes, there are way too many corrupt, self-serving bank officers out there committing massive financial crimes and malfeasance.

But, they're still a very, very small minority within the common banking community. A modern, free market needs a good, solid banking system to facilitate the movement, lending and security of capital.

Bankers. We need 'em. Criminals? Imprison 'em. Hell, shoot 'em for all I care.

But don't get sucked into subscribing to the tropes and vocabulary of the left. You let 'em define the terms, you surrender the argument.

Sunk New Dawn
Galveston, TX

Posted by: Jim at March 17, 2013 8:13 PM

If all of the lamp posts, flag poles and trees are NOT fully populated with bankers, Cypriot gov't employees and any EU functionary that can be found by Tuesday morning you know darn good and well there is not a man worth the name left in Cyprus or the EU.


Hemp rope and lamp posts are the ONLY solution here. Next they will come for you IRA's & 401k's.

The Deutsche Commerzbank recommends going for the Italians next:

German Commerzbank Suggests Wealth Tax In Italy Next

Let the festivities begin!

Posted by: R Daneel at March 17, 2013 8:20 PM

It's not the bankers. It's the politicians and the citizen voter, what's left of him. Why should the banker be better than the Sovereign? Even though most of them are. When it comes time to hang men for their crimes, we'll be hanging the wrong ones. Count on it. We got most everything else wrong at one time or another. Nothing has changed since Burke wrote that men are rarely wrong in their complaints, rarely right over the cause of them.

Posted by: james wilson at March 17, 2013 10:04 PM

Jim - That is exactly the point. "A modern, free market needs a good, solid banking system to facilitate the movement, lending and security of capital."

Correct. However, what we have is a moustache-twirlingly, Victorian-melodrama evil, rotten and collapsing banking system that is currently moving the vast bulk of its capital around exclusively within itself. Security? We have just seen yet again that there isn't any of that. Lending? There isn't any. Particularly to small businesses, who are a major (possibly the major) engine of growth.

Sure. We need a banking system. We don't need, in fact would be much better off without, ANY of the people currently running it - except, just possibly, the front-line staff such as tellers who haven't had time to be corrupted yet.

Posted by: Fletcher Christian at March 18, 2013 1:11 AM

"We don't need, in fact would be much better off without, ANY of the people currently running it..."

Yeah, that's the ticket, next you'll be saying we need to shoot all those who wear glasses because they're "intelligent" and therefore counter-revolutionary. Do you realize how you sound?

Full disclosure, my wife works in a bank in Ireland at a fairly high level. If you read the news or blogs you may have heard about Ireland's rock solid banking system... (pause for laugh). Are there a lot of corrupt "banksters"? Nope, sorry. Are there a lot of incompetents who've "Peter Principled" their way up to positions they're not able to handle? Oh yeah.

While they should be bounced out the door even I think hangin's a little extreme.

Also, let's not leave government ministers out of the equation. In the U. S. and the E. U. they're the incompetent, and yes, occasionally corrupt bastards who pass the legislation that allows and sometimes even forces this kind of disaster on banks. Does the Community Reinvestment Act sound familiar?

Posted by: Tom at March 18, 2013 3:12 AM

Tom - You're quite right; hanging is a little extreme. However, we do not need the people responsible to stay in the jobs they currently occupy. In fact, we need them not to.

Posted by: Fletcher Christian at March 18, 2013 3:34 AM

Cyprus could easily be the long awaited Black Swan event. Italy and Spain are seeing withdrawals this morning from their over-leveraged banking systems.

Any significant asset shrinkage from the PIIGS nations stressed financial systems would almost certainly trigger the failure of the EURO, and then: Look-out-below.

Posted by: GaGattor at March 18, 2013 7:53 AM

...and yet they blame the Germans. Greece needs to go down the flush.

Posted by: Christopher Taylor at March 18, 2013 9:36 AM

"Cyprus Banks Closed until Thursday." ...which Thursday?

The media are calling this a tax, yet neither Cyprus' people nor their legislators approved it.
It is blatant confiscation of private property imposed by The Troika (EEC, IMF and ECB).

Posted by: GaGator at March 18, 2013 10:10 AM

...hanging is a little extreme ...

Does it count if we hangs them by they little feets? I could go for that.

As far as blaming the politicians/government/bankers, I believe our last several Treasury secretaries have been part of the Fed/Goldman/JPM circle of incest. Paulson used threats of "tanks in the streets" to push squishy Congressmen into using tax dollars (almost half of which was deficit funding via Fed-purchased bonds) to bail out his banker friends. They returned the government's favor by continuing to keep the interest on the deficit low enough that the federal government could continue to sustain bloated government payrolls and entitlement heroin.

Looks like mostly all the same folks to me.

I will shoot a man breaking into my house to steal a $300 television set -- not because I could not live without it, but because it is mine, because private property is sacred. If he came to the door and asked for it, I would give him a television likely as not.

Meanwhile, the only difference between a burglar and the thieves with manicured fingernails in Washington, at the Federal Reserves, on Wall Street, in Brussels, etc., who are stealing my money directly through taxation and indirectly through inflation and devaluation is a matter of scale. Hundreds of billions versus just hundreds.

Hanging is sounding more reasonable all the time.

Posted by: mushroom at March 18, 2013 11:34 AM

If hanging is too extreme for you, stay home with the women.

Posted by: Casca at March 18, 2013 9:21 PM

I don't know what you people are smiling about. Not only can it happened here. It has happened here.

In 1933, Saint Roosevelt confiscated gold coins and bullion of American citizens. In return they were given $20.33 of paper money for each ounce of gold.

If they wanted to buy gold after that (which was illegal) they would have to pay $35 for each ounce of gold. Nice markup huh?

Holders of billions of dollars of US bonds that promised 49.19 oz of pure gold per $1000 of face value received paper money instead. Which somebody (foreign banks) could use 35 of to buy an ounce of gold. So the bonds were transmuted from the right to receive gold coins to a possibility of buying 28.6 oz of gold, if you were a foreigner. A 40% haircut.

10% seems downright civilized by way of contrast.

Surely, you say, the American people would not put up with such a theft. And certainly, the
Supreme Court would find it it unconstitutional. Think again, white man. The people were as meek as little lambs. And Scotus swallowed it and said is there any thing else I can do for you sir?

Of course the Democrat peg boys who teach our children claim that this outrage was a an act of far sighted statesmanship.

No it wasn't. It was theft pure and simple, and that crime is the corrupt foundation of the Peoples Democratic Republic of the United States.


Posted by: Fat Man at March 18, 2013 9:42 PM

#Life is too #ironic to fully understand. It takes sadness to know what #happiness is. Noise to appreciate silence & absence to #value presence

Posted by: Yun Hirschfeld at April 7, 2013 8:16 PM

I'm not sure exactly why but this site is loading incredibly slow for me. Is anyone else having this problem or is it a issue on my end? I'll check back later on and see if the problem still exists.

Posted by: ルイヴィトン バッグ at April 24, 2013 11:20 PM

Je suis malade à la mort de lire des blogs avec un contenu de faible qualité et je suis si heureux que j'ai trouvé votre article aujourd'hui. Il a certainement effacé beaucoup de choses pour moi

Posted by: Marcus Spiegelman at January 5, 2014 5:51 AM

Hallo Admin, ik denk dat het is tijd om wat wieden hier doen. Te veel onproductieve opmerkingen van posters

Posted by: Blondell Negroni at March 3, 2014 8:39 PM

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