This is a breach of fundamental property rights, dictated to a small country by foreign powers and it must make every bank depositor in Europe shiver. Although the representatives at the bailout press conference tried to present this as a one-off, they were not willing to rule out similar measures elsewhere - not that it would have mattered much as the trust is gone anyway. It is now difficult to expect any kind of limitation to what measures the Troika and EU might take when the crisis really starts to bite.
If you can do this once, you can do it again. if you
can confiscate 10 percent of a bank customer's money, you can
confiscate 25, 50 or even 100 percent. I now believe we will see worse
as the panic increases, with politicians desperately trying to keep the
Depositors in other prospective bailout countries must be
running scared - is it safe to keep money in an Italian, Spanish or
Greek bank any more? I dont know, must be the answer. Is it
prudent to take the risk? You decide. I fear this will lead to massive
capital outflows from weak Eurozone countries, just about the last thing
they need right now. Even from the EU as a whole, I suspect, as the
banking union is in place in most countries already.
And when that trust is gone...
More on the Great Globular Warmening Scam, or Climaquiddick as I call it:
The graph shows in incontrovertible detail how the speed of global warming has been massively overestimated. Yet those forecasts have had a ruinous impact on the bills we pay, from heating to car fuel to huge sums paid by councils to reduce carbon emissions.
The eco-debate was, in effect, hijacked by false data. The forecasts have also forced jobs abroad as manufacturers relocate to places with no emissions targets.
A version of the graph appears in a leaked draft of the IPCC’s landmark Fifth Assessment Report due out later this year. It comes as leading climate scientists begin to admit that their worst fears about global warming will not be realised.
On Feinsteins 'response' to Cruz the other day:
In other words, Feinstein is banning all firearms, but then allowing us to have some, at least for now.
Which just confirms her earlier statement, around the time of the first assault weapons ban: "If
I could have gotten 51 votes in the Senate of the United States, for an
outright ban, picking up [every gun]… Mr. and Mrs. America, turn ‘em
No, it wasn't overlooked. Well, unless you mean by the major media and so forth; we're probably lucky they aren't trying to deny it even happened.
It's cute when the nasty little bigots reveal what they are, isn't it?
I don’t think I realized Ben Carson was conservative until last month. Shame he’s becoming the right wing’s go-to black token.
— Deen Freelon (@dfreelon)
And yeah, if it'd been Cheney's aides doing this, the screaming from the media weenies would be unending.