As Ray Pensador of the Daily Kos says, "We're talking about fraudulent financial instruments sold to unsuspecting investors around the world (including pension funds), paid-off rating agencies with financial incentives to lie about the worthiness of those fraudulent investments, and an entire political system on the take, complicit in the looting of what is essentially the people's money--the country's treasury."
The bankster's curtain falling open, it's becoming more obvious by the day that behind all the bellowing fear filled rhetoric coming outta Brussels there's a buncha old crooks pulling the levers. The banking crisis in Cyprus has little to do with the island economy itself but is fallout from the Greek banking system in which Cypriot banks hold assets. In the current turmoil, Cyprus is caught between the rock of the Troika and the hard place of Russian interests. Both are playing hardball to get their hands on Cyprus's assets (including gas and oil). As Naomi Klein's 'The Shock Doctrine' explains, the financial Mafia's racket is really about privatizing national assets, dismantling regulation and cutting state spending.
Up until a few about a week ago when the EU mafia overplayed their hand in Cyprus by demanding the confiscation of the private property of depositors 'the people' of Greece, Ireland, Portugal, Spain and Italy had accepted Brussels' bullshit, but now things have changed, Dorthy has arrived in the Emerald City. Her arrival isn't actually the end of banksterism but it could well be the beginning of the end. Cypriots are fortunate that they grow much of their own food which gives them freedom to act independently. The danger is if either the international banksters or the Russian oligarchs allow Cyprus to do so because then military intervention could easily follow.
But then what? Albert Einstein once said "Two things are infinite: the universe and human stupidity, and I am not sure about the universe." But perhaps he overlooked the fact that once the genie of truth is out of the bottle it won't be put back in.
