The Deeper Meaning Of Cyprus

The deposit-confiscation “bailout” of Cyprus reveals much about the Eurozone’s fundamental neocolonial, neofeudal structure.

At long last, Europe’s flimsy facades of State sovereignty, democracy and free-market capitalism have collapsed, 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.

The E.U., Neofeudalism and the Neocolonial-Financialization Model (May 24, 2012)

Let’s list what Cyprus reveals about the true state of financial-political power in Europe:…

The meaning of the Cyprus bank bailout for me is twofold.  First, the practice of confiscating wealth from the 99% in exchange for equities in bankrupt banks will spread.  Second, like the MF Global travesty this crime proves that if you don’t hold it, you don’t own it.

Speak Your Mind