From Detroit to Cyprus, Banksters in ...

From Detroit to Cyprus, Banksters in Search of Prey

There are 2 comments on the Common Dreams story from Mar 23, 2013, titled From Detroit to Cyprus, Banksters in Search of Prey. In it, Common Dreams reports that:

From Nicosia, Cyprus, to Detroit, Michigan, the global financial octopus is squeezing the life out of society, stripping away public and individual assets in a vain attempt to fend off its own, inevitable collapse.

Join the discussion below, or Read more at Common Dreams.

Themistocles

Brisbane, Australia

#1 Mar 23, 2013
No one is immune the Bankers must go, there's too much power in the hands of too few. Cyprus is small and the experiment for the future,eventually the Germans themselves will come face to face with the Bankers.
That's when the siht will hit the fan
i-talk

Larnaca, Cyprus

#2 Mar 24, 2013
Germany supports that the banking sector in Cyprus is hypertrophic (which it really is). Therefore, Germany decided that it must be hair-cut. It also said that the hair-cut will be done only one time, only in the case of Cyprus, because Cyprus is unique (it is only 0.2% of the Eurozone). What I read with this decision is that Germany understands that the country is hypertrophic in relation to the other countris in the Eurozone, and will eventually be hair-cut. So Germany things better to start hair-cutting from others, in the hope to prevent it's own, which is unavoidabe. But this is self-defeating because it gets Germany even more hypertrophic.

By last Saturday's decision, the Eurogroup knowingly destroyed the economy of Cyprus. I do not understand how they expect Cyprus to go their way when they left Cyprus with nothing to lose. I do not understand how they are led to risk 99.8%!(however small and non-systemic Cyprus may be)to implement a decision on the 0.2% of the Eurozone, which they have already destroyed whatever the outcome of the new Eurogroup will be.
Themistocles wrote:
No one is immune the Bankers must go, there's too much power in the hands of too few. Cyprus is small and the experiment for the future,eventually the Germans themselves will come face to face with the Bankers.
That's when the siht will hit the fan

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