NEW YORK ( TheStreet) -- Until now, the "bail-in" (i.e. the Cyprus Steal) has been presented to us in the following manner by politicians, bankers and the corporate media. It is a least-worst option for dealing with a financial emergency, and is being conducted fairly and legitimately.
As previous commentaries have exposed, this is all lies. It is not a "least-worst" option, but rather the most extreme desperation measure imaginable. It is the only form of stealing that our crime syndicate governments haven't already attempted to perpetrate against their own populations: direct confiscation of assets.
not a "financial emergency." It was a
choreographed looting of the Cyprus financial system, plotted at least 18 months in advance. Furthermore, the chronology clearly indicates that the Western banking cabal had already engaged in a secret agreement with the Cyprus government to ultimately approve this theft -- and the initial proposal (and first vote) was simply an absurdly transparent sham.
There is nothing "fair" or "legitimate" about this repugnant concept. This is why the propaganda machine invented a euphemism for it that is utter gibberish. "Bail-in" is nonsensical English, used to hide a vulgar act of theft, which is indefensible.Ultimately, the thieves themselves even concede that what they are really perpetrating is a form of "taxation." Yet this "taxation" is entirely ad hoc, and arbitrary; with the initial group of victims involved (bank depositors) being asset-holders who put their savings in these banks for one (and only one) reason: because the banks and our governments themselves assured depositors again and again and again that their savings were "absolutely safe." Obviously, if our governments (and banks) are going to arbitrarily choose to betray a particular group of individuals in society with a "surprise" theft of their assets, the one group of individuals who should be last on the list are those people that the banksters and politicians themselves assured were absolutely safe. There could be no more egregious knife-in-the-back. However, what if this betrayal is much, much worse? What if the "bail-in" -- the bankers' new form of organized crime -- was not merely a desperation measure to ward off inadvertent bankruptcy? What if the banking cabal and our traitor governments were intentionally creating "insolvency" in our financial system in order to manufacture a pretext to engage in this illegal looting?