The idea that people may retain the fruits of their work is no longer to be entertained
Cyprus was a small, controlled experiment by the political and economic authorities, designed to test the water and prepare public opinion for the next phase of our enslavement.
Although there have been determined efforts by tame media voices to play down the significance – to focus attention on the Russian dimension, or the apparently belated attempts to shift the thresholds of the proposed “tax” on bank deposits to exclude small savers – the most penetrative analysis of this development has been offered by Cypriot protesters bearing placards with just one word: “thieves”.
I heard an (Irish) economist suggest that there was no moral difference between the attempted dipping of Cypriot bank accounts and the phenomenon of austerity taxes in other European countries, including Ireland. His meaning was that the Cypriot sting was just another (legitimate) form of taxation. But another interpretation of his words is closer: the new taxes being imposed on European economies amount to nothing higher than stealing.
The territory we have entered is one in which the idea that citizens have an entitlement to retain the fruits of their work and sacrifice is no longer considered relevant by the architects and custodians of our economic system. In the Cyprus experiment, rendering unto Caesar was taken to its ultimate logic. Now we know: a euro no longer represents minutes of work supplied or accomplished, but is merely a concession from the state and its accomplice banks, to be recalled at the whim of the authorities.
Democratic society
Four decades ago, the idea of money as a means of exchanging and storing value for thebenefit of democratic society was abandoned in favour of a system which prioritised the needs and demands of major financial players – banks, bondholders, speculators and stock-jobbers.
Democratic society
Four decades ago, the idea of money as a means of exchanging and storing value for thebenefit of democratic society was abandoned in favour of a system which prioritised the needs and demands of major financial players – banks, bondholders, speculators and stock-jobbers.
Now we enter a new phase, in which it is clear that the economic and financial authorities no longer acknowledge any moral entitlement of a citizen to retain wealth on the basis of labour, prudence, frugality or self-denial. The needs of the most powerful wealth-hoarders must be met first, second and last, and the politico-economic establishment will go to any lengths to vindicate itself and the failed system it refuses to dismantle.
But we are in the throes of the endgame of the four-decade long partnership between European politicians and banksters. In the 1970s, the politicians extended to the banksters the powers and prerogative to become the creators of money, and to use virtually unlimited credit to create the illusion across European society of prosperity and wellbeing.
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