Cyprus

Brandon Smith ~ Big Government: An Unnecessary Evil That Should Be Abolished

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Activist Post March 30 2013

Mayor Bloomberg’s palatial residence

There are two types of people in this world; those who worship the ideal of centralized command authority, and those who do not. Those who value freedom regardless of risk or pain, and those who value slavery in a desperate bid to avoid risk and pain. When I consider the ultimate folly of man, in the end I look to the meek and unquestioning masses who strive to avoid risk, because it is they who always end up feeding the machines of war, despair, and tyranny. The power thirsty halls of elitism surely instigate and manipulate the tides of this wretched ocean of quivering souls, but ultimately, the weak-hearted and weak minded make all terrible conquests possible.

They live by the rule of fear, and their fear drives them to seek control; control of their environment, control of others, and by extension they believe, control of the future. They attempt to mitigate their overwhelming fear by containing the world and sterilizing it of everything wild, untamed, and unknown. They dream of a society of pure predictability, and zero responsibility. They are willing to sacrifice almost anything to attain this position of artificial comfort.

The concept of “big government” appeals to such people for many reasons…

Government in most cases is nothing but an abstraction. It is merely a tool that serves the interests of a particular group of people at any given time. Modern politics is an expression of the foolish cat fight between factions of people to decide who gets to wield the weapon of government and impose their ideology on the rest of us. At least, that’s what it almost always devolves into. The great illusion of the system, though, is that ANY group of average people ever actually wields any power. The truth is, big governments are always operated by very small and exclusive clubs of root beneficiaries out of the sight of the population.

The smaller this dominant group becomes, the more corrupt and criminal the government generally is. A government reaches a state of despotism whenever its functions are twisted for the sake of an elite few to the detriment of the common man, and when it ignores the natural inborn rights of the individual for the sake of some fabricated collective . If one were to closely examine the birth of every iron-fisted oligarchy throughout history, they would find a cyclical pattern of centralization; the removal of checks and balances, the removal of legitimate public involvement in the political process, a dependent and infantized citizenry, and the rise of a “bureaucratic class” which regards itself as superior and born to lead. All steps taking place within Western societies today.

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It Can Happen Here: The Bank Confiscation Scheme For US And UK Depositors

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Global Research March 30, 2013

Confiscation of the customer deposits in Cyprus banks, it seems, was not a one-off, desperate idea of a few Eurozone “troika” officials scrambling to salvage their balance sheets.

Cyprus
Ellen Brown

A joint paper by the US Federal Deposit Insurance Corporation and the Bank of England dated December 10, 2012, shows that these plans have been long in the making; that they originated with the G20 Financial Stability Board in Basel, Switzerland (discussed earlier here); and that the result will be to deliver clear title to the banks of depositor funds.

New Zealand has a similar directive, discussed in my last article here, indicating that this isn’t just an emergency measure for troubled Eurozone countries. New Zealand’s Voxy reported on March 19th:

The National Government [is] pushing a Cyprus-style solution to bank failure in New Zealand which will see small depositors lose some of their savings to fund big bank bailouts . . . .

Open Bank Resolution (OBR) is Finance Minister Bill English’s favoured option dealing with a major bank failure. If a bank fails under OBR, all depositors will have their savings reduced overnight to fund the bank’s bail out.

Can They Do That?

Although few depositors realize it, legally the bank owns the depositor’s funds as soon as they are put in the bank. Our money becomes the bank’s, and we become unsecured creditors holding IOUs or promises to pay. (See here and here.) But until now the bank has been obligated to pay the money back on demand in the form of cash. Under the FDIC-BOE plan, our IOUs will be converted into “bank equity.” The bank will get the money and we will get stock in the bank. With any luck we may be able to sell the stock to someone else, but when and at what price? Most people keep a deposit account so they can have ready cash to pay the bills.

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