Lord Munckton's warning for America!

[parmenio]

 

Bankrupt: Cyprus today, America tomorrow

SYDNEY, Australia – When a nation’s treasury empties, democracy tends to fail. The decision of the tiny island statelet of Cyprus to grab 10 percent of every private bank account should be an alarm-bell to America and the wider West.

The Cyprus bank-raid is likely to have catastrophic effects, not the least of which is a run on every bank on the island, followed by a flight of capital, mass unemployment and a crash in property prices. Europe’s Mickey-Mouse “currency” is already tumbling in response.

And why did Cyprus go bust? I spent eight years there. The central bank was one of the most sensibly administered in Europe. The Cyprus Pound was one of the world’s strongest currencies. Thousands of international companies (including mine) were headquartered there. Tourism boomed.

Then the people of Cyprus made a colossal mistake. They voted to abandon the democracy they had had for less than half a century. They joined the dismal, failing European Union.

I had done my best to warn them that becoming a mere insignificant satrapy on the southeastern fringe of the EU’s tyranny-by-clerk would make them subjects of a colonial power a great deal less amiable than Britain.

In the strongest possible terms, halting just this side of outright rudeness, I had warned Cyprus’ chief negotiator at the accession talks that joining the EU would drive away the offshore companies that provided a hefty fraction of its annual budget. Membership would also spell the end of democracy. And I had practically ordered her not – under any circumstances whatsoever – to take Cyprus into the euro.

She was far from stupid – a graduate of the London School of Economics with a fine mind and a reputation for diligence. However, the government she served was blinded by two considerations that were ridiculous even at the time.

First, Cyprus wanted to splash about in a bigger pond. Secondly, its people thought that becoming a vassal state of the EU would somehow protect them against the military might of Turkey, which had helped itself to the northern half of the island in 1974.

Cyprus should have joined NATO, not the EU. The NATO treaty – like all the best treaties – says just one thing. An attack on any member state is to be treated by the others as an attack on them all. There is no such provision in the grim EU treaties.

Besides, the EU is incapable of taking any decision quickly (except a decision to extend its own vast powers over the member states). By the time the unelected kommissars had reached a conclusion it would have been far too late.

In any event, the sole motive of the Turks in invading had been to protect their own citizens in Cyprus from attacks by Greek extremists trying to drive them out once Britain’s steadying hand had gone. The Turks have no ambition to grab the rest of Cyprus.

I once tried to explain this to my biker buddies in the Sunday At Seven club. But their hatred of the Turks blinded them to the catastrophic damage their Yes vote in the EU accession referendum was bound to do to their nation.

Cyprus joined the EU. At once, nearly every offshore company – including mine – fled. The unelected EU bureaucrats marched in and began ordering Cyprus about. The euro collapsed as predicted. Cyprus – once one of the most secure and prosperous nations in the Middle East – went bankrupt.

I saw the Cypriot chief negotiator the other day. Ruefully, she admitted Cyprus’ membership of the EU had been a disaster. She herself had been treated like a servant by EU officials during Cyprus’ six-month Buggins’-turn EU presidency.

And that was before the Cyprus government’s proposed bank raid on every deposit account in the island.

Why does this all matter for America? Well, your nation, like mine and many others in the West, is as bankrupt as Cyprus. And your people, like the Cypriot people, actually voted for bankruptcy. The Cypriots voted for the EU. You voted for  Obama, twice!.

Whom the gods would destroy they first make mad.

If the ambition of the communist in the White House was to wreck America by reckless borrowing, he has succeeded. The sole reason why the United States is not in the same dire straits as Cyprus is that the markets cannot quite believe just how quickly what was once the world’s most prosperous nation has been brought down.

It is only a matter of time before the financiers wake up and smell the coffee.
 

Edited March 20, 2013 by parmenio

[Shabibilicious]

I'll bite, as usual.  So if Cyprus had joined NATO instead of the EU.....they would still be intact?  Okay, got that part.  Now....The U.S. is a member of NATO and not the EU...but in this case...it's bad.  Do I have that right?    

 

GO RV, then BV

[parmenio]

The U.S. heads NATO..., that is GOOD!  But, was bad for Cyprus when it joined the EU.

[sxsess]

 

Bankrupt: Cyprus today, America tomorrow

SYDNEY, Australia – When a nation’s treasury empties, democracy tends to fail. The decision of the tiny island statelet of Cyprus to grab 10 percent of every private bank account should be an alarm-bell to America and the wider West.

The Cyprus bank-raid is likely to have catastrophic effects, not the least of which is a run on every bank on the island, followed by a flight of capital, mass unemployment and a crash in property prices. Europe’s Mickey-Mouse “currency” is already tumbling in response.

And why did Cyprus go bust? I spent eight years there. The central bank was one of the most sensibly administered in Europe. The Cyprus Pound was one of the world’s strongest currencies. Thousands of international companies (including mine) were headquartered there. Tourism boomed.

Then the people of Cyprus made a colossal mistake. They voted to abandon the democracy they had had for less than half a century. They joined the dismal, failing European Union.

I had done my best to warn them that becoming a mere insignificant satrapy on the southeastern fringe of the EU’s tyranny-by-clerk would make them subjects of a colonial power a great deal less amiable than Britain.

In the strongest possible terms, halting just this side of outright rudeness, I had warned Cyprus’ chief negotiator at the accession talks that joining the EU would drive away the offshore companies that provided a hefty fraction of its annual budget. Membership would also spell the end of democracy. And I had practically ordered her not – under any circumstances whatsoever – to take Cyprus into the euro.

She was far from stupid – a graduate of the London School of Economics with a fine mind and a reputation for diligence. However, the government she served was blinded by two considerations that were ridiculous even at the time.

First, Cyprus wanted to splash about in a bigger pond. Secondly, its people thought that becoming a vassal state of the EU would somehow protect them against the military might of Turkey, which had helped itself to the northern half of the island in 1974.

Cyprus should have joined NATO, not the EU. The NATO treaty – like all the best treaties – says just one thing. An attack on any member state is to be treated by the others as an attack on them all. There is no such provision in the grim EU treaties.

Besides, the EU is incapable of taking any decision quickly (except a decision to extend its own vast powers over the member states). By the time the unelected kommissars had reached a conclusion it would have been far too late.

In any event, the sole motive of the Turks in invading had been to protect their own citizens in Cyprus from attacks by Greek extremists trying to drive them out once Britain’s steadying hand had gone. The Turks have no ambition to grab the rest of Cyprus.

I once tried to explain this to my biker buddies in the Sunday At Seven club. But their hatred of the Turks blinded them to the catastrophic damage their Yes vote in the EU accession referendum was bound to do to their nation.

Cyprus joined the EU. At once, nearly every offshore company – including mine – fled. The unelected EU bureaucrats marched in and began ordering Cyprus about. The euro collapsed as predicted. Cyprus – once one of the most secure and prosperous nations in the Middle East – went bankrupt.

I saw the Cypriot chief negotiator the other day. Ruefully, she admitted Cyprus’ membership of the EU had been a disaster. She herself had been treated like a servant by EU officials during Cyprus’ six-month Buggins’-turn EU presidency.

And that was before the Cyprus government’s proposed bank raid on every deposit account in the island.

Why does this all matter for America? Well, your nation, like mine and many others in the West, is as bankrupt as Cyprus. And your people, like the Cypriot people, actually voted for bankruptcy. The Cypriots voted for the EU. You voted for  Obama, twice!.

Whom the gods would destroy they first make mad.

If the ambition of the communist in the White House was to wreck America by reckless borrowing, he has succeeded. The sole reason why the United States is not in the same dire straits as Cyprus is that the markets cannot quite believe just how quickly what was once the world’s most prosperous nation has been brought down.

It is only a matter of time before the financiers wake up and smell the coffee.

 

Parmenio this is precisely why I have prepared myself and moved $$. My next move will be out of the US, just dont know where yet. This collapse is just a matter of time. This will all come crashing down in due time & everyone that isn't prepared will be bag holders. Really sad state of affairs.

[jerry333]

Parmenio,  your are right on it there.  Good Job!!!  You summed up where we are heading at even a faster pace than Cyprus.  We are accelerating at even a faster pace now because our economy and debt is so huge.  Mr. Obama and the rest of the Demo. leadership don't even think we have a spending problem.  Mr. O. needs to break our free market system, to rebuild his Communist/Socialist System.  That is why for 5 or 6 years he keeps saying that free market system is broke, or doesn't work. 

[Shabibilicious]

Parmenio this is precisely why I have prepared myself and moved $$. My next move will be out of the US, just dont know where yet. This collapse is just a matter of time. This will all come crashing down in due time & everyone that isn't prepared will be bag holders. Really sad state of affairs.

 

One minute you want to take up arms and defend the Republic to the last man......the next minute your bags are packed.  What's that all about?    

 

GO RV, then BV

[tankdude]

One minute you want to take up arms and defend the Republic to the last man......the next minute your bags are packed.  What's that all about?    

 

GO RV, then BV

Hey - anyone with military experience knows you need a fall back supplementary position in case your being overun. *lol*

 

Mine is 275 miles to the north of my current position -

[Shabibilicious]

Hey - anyone with military experience knows you need a fall back supplementary position in case your being overun. *lol*

 

Mine is 275 miles to the north of my current position -

 

You're probably okay........Montana is a country unto itself......at least that's what I am told tankdude.    

 

GO RV, then BV

[tankdude]

You're probably okay........Montana is a country unto itself......at least that's what I am told tankdude.    

 

GO RV, then BV

We like to think so. Come on out and visit after the RV. I'll take you to a place with one of the best pieces of prime rib you've ever sunk you teeth into.

 

If your not into red meat - I also know of a place that has a fantastic trout almondine!

[gymrat76541]

Hey - anyone with military experience knows you need a fall back supplementary position in case your being overun. *lol*

 

Mine is 275 miles to the north of my current position -

 

they will arrest you at the border for trying to bring guns into Canada. LOL

[sxsess]

One minute you want to take up arms and defend the Republic to the last man......the next minute your bags are packed.  What's that all about?    

 

GO RV, then BV

Hey I see the writing on the wall shabs. I will fight for my freedom and liberties to the death but the way things are going I dont want to get caught with my pants down. 

[tankdude]

Only if I cross at a border station....Oh...did I say that!  Stupid outside voice....

 

Of course, a 55 gal drum, some dessicant bags, a little break free on all metal parts and a shovel means another bump in the dirt in the woods.  Lots of bumps in the dirt in the woods along the  border...just saying...

[sxsess]

Hey - anyone with military experience knows you need a fall back supplementary position in case your being overun. *lol*

 

Mine is 275 miles to the north of my current position -

Exactly

[BJinMontreal]

Hey - anyone with military experience knows you need a fall back supplementary position in case your being overun. *lol*

 

Mine is 275 miles to the north of my current position -

You're assuming of course that we would gladly accept you into the fold ...  

[tankdude]

You're assuming of course that we would gladly accept you into the fold ...  

Well - there is that - but I have played hockey and I do like back bacon and beer...oops - silly stereo types.

 

Better yet - I have 5 tragically Hip albums!  Some of my favorite songs - 100th Meridian, 50 Mission Cap and New Orleans is Sinking.

 

Not only that - but I know Lethbridge currently has a need for IT support specialists...

[LIBoy]

One minute you want to take up arms and defend the Republic to the last man......the next minute your bags are packed.  What's that all about?    

 

GO RV, then BV

You got a good point there. Lots of paper lions running around. These colors don't run and either do true patriots.

[parmenio]

Sxsess, I apprieciate your deep felt concern to move out of this country.  Look.., this is OUR country! We cannot turn our backs to those who want to destroy what generations of warriors had fought for..., to keep freedom alive! 

 

Look..., my father was an immigrant who came to this country and fought in the Pacific in WW II. My brother was a Bronze Star recipient in the Viet Nam War. I have a nephew who graduated from the USNA and flying F-18's . Do you think for one moment I would cut and run because a bunch of commies have infiltrated our government?  No..., I have children and grandchildren. I will give my life to fight for the freedoms this country STILL stands for. For the same freedoms I grew up with and want them to have.

 

There is MUCH fire left in the tourch our LADY has burning!     

[dog53]

I`ll be dammed if I give up on this land. It is where I will be buried.

It is the land of my grandfathers grandfather. I will die defending it.

Although canada is where my tribe originated a large band moved here

from canada before michigan had a thumb and dwelled with the potawamini.

It has always been our home. I just couldnt bring myself to leave it.

[sxsess]

I agree Dog but I am not going to have my money at risk with these thieves. The corruption in the US government knows no bounds. These cowards will do what it takes to stay in power. I hope things turn but if we keep on this coarse, we will have a banana republic with a much lower standard of living.

[parmenio]

I agree Dog but I am not going to have my money at risk with these thieves. The corruption in the US government knows no bounds. These cowards will do what it takes to stay in power. I hope things turn but if we keep on this coarse, we will have a banana republic with a much lower standard of living.

 

....and an uprising that will be difficult for anyone to handle! 

[sxsess]

Yes Parmenio it will get ugly. If I do leave this country it won't be because I'm running away, it will be because I will want to be closer to my money. I feel if we don't stay several steps ahead of these thieves (US gov) we will be stuck in a quagmire of misery. I travel all over the world and I see the result of socialism/communism. I see this country headed down the same road. I care deeply about this country and it makes me sick to see how far we have declined in the last few years. IMO the only hope we have is to completely destroy liberalism and get conservative leaders back in our government.

[BJinMontreal]

Well - there is that - but I have played hockey and I do like back bacon and beer...oops - silly stereo types.

 

Better yet - I have 5 tragically Hip albums!  Some of my favorite songs - 100th Meridian, 50 Mission Cap and New Orleans is Sinking.

 

Not only that - but I know Lethbridge currently has a need for IT support specialists...

Well then ... come on up !!! 

[Rayzur]

Hey - anyone with military experience knows you need a fall back supplementary position in case your being overun. *lol*

 

Mine is 275 miles to the north of my current position -

 

We should talk.... seems like we might be headed toward the same place...... Also have a secondary you might want to consider...   

 

[rightsonword]

What makes people think Canada would fair any better than the US if things come to worse considering that 1.) Canada is ahead of the US in taxes and such, and considering that Canada and other Western powers typically follow the same leads . . .especially that of the US.

Sta in your land and fight for it, don't run away.

Edited March 21, 2013 by rightsonword

[Goldiegirl]

What makes people think Canada would fair any better than the US if things come to worse considering that 1.) Canada is ahead of the US in taxes and such, and considering that Canada and other Western powers typically follow the same leads . . .especially that of the US.

Sta in your land and fight for it, don't run away.

You're right....stay the H*LL down there...who needs ya.....LOL J/K

 

If you think you can immigrate to Canada that easy guess again....You need to be coming in from small fishing boats off the coast of Vancouver and claim yourselves as refugees and then we'll take you in, give you all the medical you need for you and your family and all money you want to start up your own business....put you in the best housing.....but a hard working, decent person from a decent country....nah....we don't take those in...

 

Dont' get me wrong...I love my country....my father fought for my country, but the romance is wearing off...pretty quickly these days....

Well then ... come on up !!! 

Yes go to Montreal....they need more taxpayers there....and the weather is lovely this time of the year.

Edited March 21, 2013 by Goldiegirl