Major events and often touched off by relatively minor incidents. It's like when a few small loose pebbles set off an avalanche. The unstable conditions may exist for some time before otherwise insignificant sets things in motion.
WWI's trigger event was started by the assassination
of a duke in a little place called Sarajevo. By itself, the assassination should not have triggered a world war. Conditions in Europe had been building towards war and all it took was a band of Serbian assassins to get the pebbles moving.
I think I just saw some loose pebbles start down the mountain. Cyprus's government, in a surprise move, has taken action to levy a “tax” of 9.9% on bank deposits
. Essentially, they quietly want to steal almost a tenth of everyone's savings. People are angry. ATMs have been cleaned out. Electronic transfers are suspended. The tax (or robbery) was part of a Eurozone government bailout plan.
One could argue that this is just a tiny event in a small insignificant country. I think it has the potential to start an avalanche. The goings on in Cyprus is very visible to Europeans. Anyone living in the Eurozone may think it might be a darn good idea to get their money out of the bank while they still can. Should that idea catch hold with a sizable number of depositors, bank runs across Europe will be the result.
The financial chaos would inflame the whole world. All the big bank are tied together. They are all pebbles on the same mountain. Once things get rolling, all will be swept away.
Maybe this is nothing more than a few loose pebbles knocking around and won't amount to anything. On the other hand there is the potential for something much bigger. Don't say I didn't warn you.
Guess I'm safe; I have hardly any savings left! Even this could have been set in motion on purpose. The goal is to bankrupt the little guys so the big guys can buy them out for pennies on the dollar. The John Birch Society was warning people of that decades ago. Unfortunately, they were such crackpots that no-one believed the LOGICAL parts of their predictions.ReplyDelete
Ah, so maybe that's their plan B....Delete
Kinda disturbing to be living in a world where the "crackpots" are right.Delete
Yep, looks like we get to see if there is intelligent life in Europe later today.... I don't see how anyone in Southern Europe could see what is happening in Cypress and still think keeping money in the bank is a good idea.ReplyDelete
What really scares me is the PTB have to realize the risk of cascade. I hate to think what their Plan B is.
I think the PTB are doing what everyone else is doing: making it up as they go along.Delete
Little do we realize that actions like this could very easily form some evil ideas in the heads of the wrong folks!ReplyDelete
I think we should pay close attention to how this all plays out!
It promises to be interesting, if nothing else. Let's see how the world responds as the day goes on.Delete
The Cyprus thing is very interesting and you may well be correct in your thinking.ReplyDelete
I firmly believe we might be well served by stashing away as much cash as we can manage.
What's happening in Cyprus could very well spark a world wide event...
There are times when I wish I was a lone nut.Delete
Good time to check one's preps.
I havent used a bank for 2 years except for 2 bills . I make a deposit the day befor they draft.AN event like this if it spreads could cause a bank holiday can you imagine the panic the idiots would suffer that are card dependent.Cash is still king.With being a cash person you have more options and find better deals.PLUS the bank of gary has an armed guard 24 7.ReplyDelete
It's not like you are missing out on high interest rates.Delete
Amen to THAT, Sixbears!Delete
If they want us to use banks, they'll have to do better than what they've been doing -not worse.Delete
Sometimes I think the strange bedfellows of banks and governments forget that even if the populace has been dumbed down to sheeple level, there is still a bit of goat-like native intelligence that screams "WTF?" and sets horns to the head-butt position.ReplyDelete
Nothing like blatant robbery to wake up the sleepers.Delete
It's sort of blowing in their faces tonight it seems, it's all over the news, and people aren't impressed.ReplyDelete
This story has legs. Even the MSM has to cover it.Delete