has not bee sorted yet. Going long #7 (see below)
We all know that a country's power is not equal to the size
of the country or population, it's the damage that it can do
to other countries and organisations.
In this way, Cyprus is a giant-killer.
The Cypriots are, in my mind, masters at the double-
triple- and quadruple- fake. Very cunning.
First, they wanted to get a few guarantees that the Turks
wouldn't kill them all, and so they joined the EU.
But, before being allowed to do so, they got put
under immense pressure by the UN's puppet Annan,
with Colon Powell's hand wedged well up his backside.
The Cypriots had to make it look like they were playing
along. The leader of the opposition, the erstwhile
Annan Yes Man (who has the poison chalice of the
presidency, right now) was winking at the cameras,
as if saying "ya. ya.just ignore me until these bastards
go away. We know what we're doing"
The Annan plan was akin to living with your hands
tied behind your back, so they rejected it.
Now, one of the reasons they got allowed into the EU in
the first place was in order for London, and others,
to have a chance to shut down the Cyprus offshore
tax haven game and its Russian money. That was not
because London was righteous, but because they didn't
want the competition.
So, Cyprus, as I believe was the order of the day,
had to join the Euro. That meant that a big target
could be painted on the map of the Eastern Med,
over Cyprus.
"We're gonna get ya" is what they've been saying for
close to a decade in the power centres.
Somehow, perhaps out of a feelings of support, Cypriot
banks got a stack of stinking Greek government bonds.
George Papandreou, PM of Greece then, on behalf of
who-knows?, made sure that those bonds collapsed
(killing his own country's banks at the same time).
That set the stage for this showdown where Cyprus is
presented as being evil because it has Russian money
stashed in its banks. The truth is the others want the
Russian money, but the Russians don't trust them.
They trusted Cyprus.
And we're talking mostly tax haven money, that just
happens to include mafia money, just like in London
and New York, with their drug money laundramats.
Now Cyprus is done as a tax haven. The Europeans
have succeeded in that. There's no trust left in Cypriot
banks or politicians.
But, the Euro crew had to shoot their own faces off,
in order to spite Cyprus. The issue of trust is that
intangible, thin, sensitive film of respectability that
allows a country, currency or organisation survive
in cut and thrust times.
That is now fast disappearing. Small to medium cash
holders, with their savings in banks (the big money
people have their money in Germany already) are
considering yanking them out, meaning the death
of many PIIGSy banks. This is what many have
been trying to get consumers to do because of the
fragility of banks and the pain of austerity. But,
most consumers are too wed to their mortgage,
precarious job and corn flakes. Now, Cyprus has
just pissed in the EU consumers' corn flakes!
As you know, the safest banks are leveraged around
30 times their deposits. So, if 3% of their "holdings"
(which have long since been spent) are requested back,
those banks are f%&*ked.
Now, the ECB will not be able to save a medium-size
run on periphery banks, meaning the Euro should
collapse this year.
Possible future scenarios and theories about Cyprus
and its strategies:
1 When rotating leaders of EU (2011?12?),
Cyprus went wobbly and then asked Russia for money,
instead of the ECB/Troika, just to stick it to the EU
after what they did to Greece.
That seems to have worked, for 6 months.
[Cyprus has unique links
with Russia, and that has always pissed off the US and
Europe. They probably wanted to make Russia a player
at the EU table.]
2 I thought that was what was going to happen again
recently. FAIL
3 Cyprus never wanted the Euro, but was put under
pressure, and this was their way
of slough off debts and get kicked out at the same
time, dealing a mortal blow to the Euro. RISKY,
short-term dangerous, but it could work.
4 Cyprus wanted to get the EU back for the Greek bonds
it bought (but I don't know why they bought them)
5 The Cypriots wanted to pledge their gas to Russia
to make triply-sure that they actually could get it
out of the seabed, because the Turks think it's all
theirs. They've already got Israel and the US on side
but that might not have been enough.
6 That this mess made such a ripple in the UK army
bases, that they might have to leave. LONG SHOT
and probably not wise, with the Turks on the island.
Maybe an EU force is in their plans, just to get the
UK off their backs.
7 They wanted to make sure that if their tax haven
status was screwed that they would screw as many
of their enemies as possible. The Euro is on its
way down, which means a full-blown crisis for
Germany just in time for its elections. I don't think
they have hurt London yet, but if Germany goes
tits up (i.e. the Euro), then London will probably
not be able to keep the charade up much longer.
VERY PROBABLE that it was their goal, to me
and that it will work.
