The Mediterranean island of Cyprus is the epicenter of an epic shitstorm…
This is a guest post from Charles Hugh Smith BUY PRANDIN NO PRESCRIPTION, . His newest book is Why Things Are Falling Apart and What We Can Do About It
The deposit-confiscation “bailout” of Cyprus reveals much about the Eurozone’s fundamental neocolonial, PRANDIN schedule, PRANDIN from mexico, neofeudal structure.
At long last, order PRANDIN no prescription, PRANDIN brand name, Europe’s flimsy facades of State sovereignty, democracy and free-market capitalism have collapsed, buy PRANDIN without prescription, No prescription PRANDIN online, and we see the real machinery laid bare: the Eurozone’s political-financial Aristocracy will stripmine every nation’s citizenry to preserve their power and protect the banks and bondholders from absorbing losses.
The deposit-confiscation “bailout” of Cyprus confirms the Eurozone’s fundamental neocolonial, neofeudal structure and the region’s political surrender to financialization, BUY PRANDIN NO PRESCRIPTION.
Let’s list what Cyprus reveals about the true state of financial-political power in Europe:
1, buy generic PRANDIN. PRANDIN class, The Core-Periphery terminology masks the real structure: the E.U. operates on a neocolonial model. In the old Colonialism 1.0 model, PRANDIN alternatives, About PRANDIN, the colonizing power conquered or co-opted the Power Elites of the periphery regions, and proceeded to exploit the new colonies’ resources and labor to enrich the Imperial core, online buy PRANDIN without a prescription. Order PRANDIN online c.o.d, In Neocolonialism, the forces of financialization (debt and leverage controlled by State-enforced banking cartels) are used to indenture the local Elites and populace to the financial core: the peripheral “colonials” borrow money to buy the finished goods manufactured in the core economies, purchase PRANDIN, Get PRANDIN, enriching the Imperial Elites with A) the profits made selling goods to the debtors B) interest on credit extended to the peripheral colonies to buy the core economies’ goods and “live large”, and C) the transactional skim of financializing peripheral assets such as real estate and State debt, PRANDIN dose.
BUY PRANDIN NO PRESCRIPTION, In essence, the core banks of the E.U. PRANDIN australia, uk, us, usa, colonized the peripheral nations via the financializing euro, which enabled a massive expansion of debt and consumption in the periphery. The banks and exporters of the core exacted enormous profits from this expansion of debt and consumption, australia, uk, us, usa. Buy PRANDIN online no prescription, Now that the financialization scheme of the euro has run its course, the periphery’s neocolonial standing is starkly revealed: the assets and income of the periphery are flowing to the core as interest on the private and sovereign debts that are owed to the core’s central bank and its crony money-center private banks, purchase PRANDIN online. Real brand PRANDIN online, This is not just the perfection of neocolonialism but of neofeudalism as well. The peripheral nations of the E.U. are effectively neocolonial debtors of the core (quasi-Imperial) banks, PRANDIN recreational, Where can i buy cheapest PRANDIN online, and the taxpayers of the core nations (now reduced to Germany and The Netherlands) are now feudal serfs whose labor is devoted to making good on any bank loans to the periphery that go bad.
Though we can term the E.U, BUY PRANDIN NO PRESCRIPTION. a plutocracy or oligarchy, where can i find PRANDIN online, Effects of PRANDIN, the neofeudal structure compels us to distinguish a class of those holding wealth and political power that is not limited to national border: This is an Aristocracy.
Serving the Aristocracy is a well-paid technocrat class of factotums, lackeys, order PRANDIN from United States pharmacy, Herbal PRANDIN, toadies and enforcers. Below this well-compensated caste of technocrats is the larger class of debt-serfs, my PRANDIN experience, PRANDIN price, coupon, enslaved to interest payments on either their own debts or the debts of others, and bound by their class powerlessness to protecting banks and bondholders from losses.
Cyprus merely adds an expropriation twist to this well-oiled plunder: deposits will be expropriated directly to insure no Imperial (core) banks or bond holders lose money on their absurdly risky loans to periphery nations and serfs.
2. This is a supranational plunder. BUY PRANDIN NO PRESCRIPTION, While commentators can wile away years debating how much Germany benefited from the euro, the real core is not national, it is supranational banks and the political machinery of the E.U. the banks have effectively captured.
The citizenry of Germany may approve or disapprove of the Cyprus expropriation, but it doesn’t matter either way: their own serfdom to banks and bondholders is simply being masked: the bailouts of periphery nations are transparently bailouts of core banks and bondholders.
The nation-states of the neocolonial periphery are simply convenient propaganda placeholders, useful misdirections aimed at the naive and sentimental, hollowed-out national structures propped up to mask the ugly neocolonial reality of servitude and plunder.
3. Democracy is a fiction when no matter who you vote for, the banks and bondholders win control of the national income stream and private wealth. Democracy in Europe is a travesty of a mockery of a sham, an absurd play which is acted out as a form of blood-sport circus to distract the masses from their powerlessness and debt-serfdom.
Democracy is a fiction when the policies protecting banks and bondholders from losses remain in place regardless of which political party, coalition or politico is nominally in power, BUY PRANDIN NO PRESCRIPTION.
The German taxpayers’ private wealth is being expropriated via taxes to bail out core banks and bondholders; how is this any different from the blatant expropriation of private assets in Cyprus.
It is only a difference in technique; the result is the same: the forced transfer of wealth from those who earned it from their labor to banks and bondholders which in a truly capitalist economy would be immediately forced to absorb the losses of their leveraged, highly risky bets.
4. The ideological fiction of capitalism is dead in Europe. Capitalism is a fiction if capital that is placed at risk for a return cannot be lost.
5. Cyprus is a test to see how blatant the expropriation of private assets can become without triggering overthrow and revolution. BUY PRANDIN NO PRESCRIPTION, If the furor dies down soon enough, then the same technique of expropriation will be imposed elsewhere. If the reaction is sustained and threatening to the Aristocracy, other less blatant expropriations will be tested in other neocolonies.
6. Divide and conquer is the propaganda order of the day. The Power Elites are attempting to set the serfs of the periphery against the serfs of the core, the goal being to keep both sets of serfs from realizing they are equally indentured to the core’s pathological political-financial Aristocracy.
This is a guest post from Charles Hugh Smith’s Of Two Minds blog. You should bookmark it and read him daily. Charles Hugh Smith’s newest book is Why Things Are Falling Apart and What We Can Do About It
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